Strong Tenancy Additions
The company added over 2,000 tenancies year-to-date, with a projection of ending the year with 2,400 tenancy additions, driven by strong performance in Oman and Tanzania.
EBITDA Growth
EBITDA increased by 16% year-over-year, with a forecast of $420 million by the end of the year, representing a 14% year-over-year increase.
Improved Financial Metrics
ROIC increased by 1 percentage point to 13%, and leverage decreased by 0.3x. EBITDA margin increased by 2 percentage points to 54%.
Free Cash Flow Neutral
The company aims to be free cash flow neutral by the end of the year, reversing a previous negative cash flow position.
Future Revenue Commitment
The company has $5.3 billion worth of future committed revenue, equating to just over 7 years of remaining leases before renewals.