Radius Global Infrastructure reports Q2 EPS (43c) vs (90c) last year

Reports Q2 revenue $42.5M, consensus $42.95M. “We generated quarterly Revenue of $42.5 million in the second quarter of 2023, up 30% from the second quarter of 2022, with Gross Profit increasing to $40.0 million, up 31% year-over-year. In the second quarter, our Annualized In-Place Rents increased by 34% year-over-year to $176.7 million. Our revenues are primarily triple net, inflation-linked rents underlying mission-critical communications sites. In the second quarter, we invested $110.9 million to acquire 223 communication sites that are generating $8.3 million of annual rent. As of June 30, 2023, Radius has approximately $358.5 million of total cash and cash equivalents, restricted cash (including long-term restricted cash), and short-term investments.”