Radius Global Infrastructure, Inc.

NasdaqGM:RADI Voorraadrapport

Marktkapitalisatie: US$1.6b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Radius Global Infrastructure Beheer

Beheer criteriumcontroles 3/4

Momenteel beschikken wij niet over voldoende informatie over de CEO.

Belangrijke informatie

Bill Berkman

Algemeen directeur

US$5.5m

Totale compensatie

Percentage CEO-salaris9.83%
Dienstverband CEO3.6yrs
Eigendom CEOn/a
Management gemiddelde ambtstermijn3.6yrs
Gemiddelde ambtstermijn bestuur3.6yrs

Recente managementupdates

Recent updates

Seeking Alpha • Oct 13

Radius Global Infrastructure: Sale Likely Off, Stock Now On Sale

Summary In early May it was reported that Radius was considering a sale of the company. The financing environment has weakened and it is unlikely Radius will be sold near-term. Shares are now trading about 30% below where they were prior to sale rumors. The implied cap rate is now roughly 6.5%. With inflation top of mind, investors should find comfort knowing that the vast bulk of Radius's leases have CPI linked escalators. Assuming a 4.5% cap rate, Radius shares look to have a fair value of $16+ per share, offering long-term shareholders the opportunity to nearly double their investment. Radius Global Infrastructure (RADI) shares have been on a wild ride thus far in 2022. Early in the year, the stock sold off along with the broad decline in the market before rebounding strongly in May as sale rumors emerged sent shares surging. Now five months have passed since sale rumors broke and the deal financing environment has significantly deteriorated making a near-term sale unlikely. With shares having fallen 40% in the past month alone, I believe that RADI is an interesting opportunity for shareholders with a long term time horizon. What is Radius Global Infrastructure? RADI is an aggregator and lessor of the land which sits under cell phone towers primarily in the US, Europe, UK, Australia and Brazil. It typically acquires the land from families or mom and pop operators under both purchase and long term lease contracts (see below). It leases the land to creditworthy tower operators like American Tower (AMT) or Cellnex (CLLNY) in Europe. Escalators, Countries (Company Presentation) Why is Radius out of favor? There are no shortage of reasons that RADI shares have performed poorly including: Seemingly aborted sales process High debt levels - this is mitigated by VERY stable cash flow, limited near term maturities, currency matching, and fixed low interest rates REITs (note: RADI is not a REIT but is very REIT-like) have been decimated thus far in 2022 falling over 30% year to date Radius is a former SPAC - most SPACs have proven to be terrible investments for investors. While RADI is tremendously cash generative, the company expenses site acquisitions costs (in my perfect world this would run through the investing section of the cash flow statement), making investment analysis a bit more cumbersome. Currency - As shown above, RADI earns most of its revenue in Europe/UK and these currencies have weakened materially versus the dollar. Fortunately management had the foresight to borrow in EUR and GBP to match its revenue exposure. Why should investors be interested in Radius Global Infrastructure? A. The company owns/ has long-term rights to critical infrastructure assets which is leased to creditworthy tenants (tower operators and in some cases national telecoms) contracted under long term leases. There is no economic sensitivity - these leases will be paid rain or shine. B. In addition to having highly certain cash flows from creditworthy counter parties, ~70% these cash flows are CPI linked. Essentially, RADI is akin to a very high grade, inflation linked bond.
Seeking Alpha • Aug 08

Radius Global Infrastructure GAAP EPS of -$0.20 beats by $0.50, revenue of $32.57M misses by $1.65M

Radius Global Infrastructure press release (NASDAQ:RADI): Q2 GAAP EPS of -$0.20 beats by $0.50. Revenue of $32.57M (+30.4% Y/Y) misses by $1.65M.
Seeking Alpha • May 10

Radius: Will Possibly Be Acquired By American Tower Or Crown Castle

Radius Global Infrastructure acquires and owns land, fiber, and data center assets which it then leases to tower companies and others. The company has grown revenues rapidly as a result of growing its asset base. Returns on invested capital have also improved but are nonetheless still on the negative side, not conjuring well with an economic environment where interest rates are rising amid recession risks. This may have motivated the management to explore the sale option, aware that with investment-grade tenants and their rental income benefiting from a high level of inflation protection, there would not be a shortage of potential suitors. Out of these, it is most probable that Radius will be acquired by tower companies, and, investors are cautioned that current market optimism for the stock is because of a potential acquisition.
Seeking Alpha • Mar 10

Buy Radius: The Highest Growth And Lowest Risk In Communications Infrastructure

RADI's small size ($1.4bn market cap) puts RADI in a position to pursue almost perpetual growth in a fragmented market (RADI owns 6.2k sites vs. >5mn sites worldwide). I estimate that RADI's cash earnings will grow by a CAGR of 17.3% over the next five as mobile data consumption is expected to grow 20-30% annually through 2026. RADI's ground lease equity carries the lowest risk in the communications capital stack and has WA rent escalators that are nearly double that of traditional net lease REITs. As the US is experiencing the highest inflation level of the last 40 years, 78% of RADI's rental cash flows are protected by floating leases that are based on CPI or a similar inflation metric. Given strong industry tailwinds and high barriers to replicate RADI's strategy, RADI's current 19% discount to its intrinsic value provides a low risk point of entry.

Analyse CEO-vergoeding

Hoe is Bill Berkman's beloning veranderd ten opzichte van Radius Global Infrastructure's winst?
DatumTotale vergoedingSalarisBedrijfswinsten
Jun 30 2023n/an/a

-US$166m

Mar 31 2023n/an/a

-US$143m

Dec 31 2022US$5mUS$537k

-US$102m

Sep 30 2022n/an/a

-US$14m

Jun 30 2022n/an/a

-US$46m

Mar 31 2022n/an/a

-US$62m

Dec 31 2021US$1mUS$515k

-US$96m

Sep 30 2021n/an/a

-US$122m

Jun 30 2021n/an/a

-US$152m

Mar 31 2021n/an/a

-US$143m

Dec 31 2020US$20mUS$476k

-US$182m

Sep 30 2020n/an/a

-US$173m

Jun 30 2020n/an/a

-US$133m

Mar 31 2020n/an/a

-US$115m

Dec 31 2019US$69kUS$61k

-US$44m

Compensatie versus markt: De totale vergoeding ($USD 5.46M ) Bill } is ongeveer het gemiddelde voor bedrijven van vergelijkbare omvang in de US markt ($USD 5.29M ).

Compensatie versus inkomsten: De vergoeding van Bill is gestegen terwijl het bedrijf verliesgevend is.

CEO

Bill Berkman (58 yo)

3.6yrs
Tenure
US$5,464,444
Compensatie

Mr. William Helman Berkman, also known as Bill, has been Co-Chairman and Chief Executive Officer of Radius Global Infrastructure, Inc. since February 10, 2020. He is a Managing Director and Board of Direct...

Leiderschapsteam

NaamPositieTenureCompensatieEigendom
William Berkman
CEO & Co-Chairman3.6yrsUS$5.46mgeen gegevens
Michael Fascitelli
Co-Founder & Independent Co-Chairman5.8yrsUS$20.00kgeen gegevens
Scott Bruce
President3.6yrsUS$3.92m0.14%
$ 2.4m
Noam Gottesman
Co-Founder & Independent Non-Executive Directorno dataUS$7.50k1.76%
$ 29.1m
Glenn Breisinger
CFO & Treasurer3.6yrsUS$2.48mgeen gegevens
Richard Goldstein
Chief Operating Officer3.6yrsUS$3.92m0.14%
$ 2.4m
Jay Birnbaum
Senior VP3.6yrsUS$2.35m0.12%
$ 2.0m
Gary Tomeo
Chief Accounting Officerno datageen gegevens0.029%
$ 481.8k
Jason Harbes
Senior Vice President of Investor Relations2.3yrsgeen gegevensgeen gegevens
Susanne Kandel
General Counselno datageen gegevensgeen gegevens
Daniel Hasselman
Co-Chief Executive Officer of APWireless Infrastructure Partners3.8yrsgeen gegevensgeen gegevens
Scott Langeland
Co-Chief Executive Officer at of AP Wireless Infrastructure Partners3.8yrsgeen gegevensgeen gegevens
3.6yrs
Gemiddelde duur
62yo
Gemiddelde leeftijd

Ervaren management: Het managementteam van RADI wordt beschouwd als ervaren (gemiddelde ambtstermijn 3.6 jaar).

Bestuursleden

NaamPositieTenureCompensatieEigendom
William Berkman
CEO & Co-Chairman3.6yrsUS$5.46mgeen gegevens
Michael Fascitelli
Co-Founder & Independent Co-Chairman5.8yrsUS$20.00kgeen gegevens
Noam Gottesman
Co-Founder & Independent Non-Executive Director5.8yrsUS$7.50k1.76%
$ 29.1m
Ashley Leeds
Independent Director2.8yrsUS$195.01k0.036%
$ 594.8k
Antoinette Cook Bush
Independent Non-Executive Director3.6yrsUS$187.51k0.050%
$ 831.6k
Paul Gould
Independent Non-Executive Director3.6yrsUS$175.01k0.045%
$ 742.5k
Nick Advani
Independent Non-Executive Director3.6yrsUS$192.51k0.050%
$ 831.6k
William Rahm
Independent Non-Executive Director3.6yrsgeen gegevensgeen gegevens
Thomas King
Independent Non-Executive Director3.6yrsUS$210.01k0.050%
$ 831.6k
3.6yrs
Gemiddelde duur
62yo
Gemiddelde leeftijd

Ervaren bestuur: De raad van bestuur van RADI wordt beschouwd als ervaren (gemiddelde ambtstermijn 3.6 jaar).

Bedrijfsanalyse en status van financiële gegevens

GegevensLaatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse2023/09/22 11:28
Aandelenkoers aan het einde van de dag2023/09/20 00:00
Inkomsten2023/06/30
Jaarlijkse inkomsten2022/12/31

Gegevensbronnen

De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.

PakketGegevensTijdframeVoorbeeld Amerikaanse bron *
Financiële gegevens bedrijf10 jaar
  • Resultatenrekening
  • Kasstroomoverzicht
  • Balans
Consensus schattingen analisten+3 jaar
  • Financiële prognoses
  • Koersdoelen analisten
Marktprijzen30 jaar
  • Aandelenprijzen
  • Dividenden, splitsingen en acties
Eigendom10 jaar
  • Top aandeelhouders
  • Handel met voorkennis
Beheer10 jaar
  • Leiderschapsteam
  • Raad van bestuur
Belangrijkste ontwikkelingen10 jaar
  • Bedrijfsaankondigingen

* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.

Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.

Analysemodel en Snowflake

Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina. We hebben ook handleidingen over hoe je onze rapporten kunt gebruiken en tutorials op YouTube.

Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.

Industrie en sector

Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.

Bronnen van analisten

Radius Global Infrastructure, Inc. wordt gevolgd door 6 analisten. 3 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.

AnalistInstelling
Nathan CrossettBerenberg
Nathan CrossettBNP Paribas
Jonathan PetersenJefferies LLC