Radius Global Infrastructure (RADI) 10-Q 8 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 05, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Trading Symbol	RADI
Entity Registrant Name	Radius Global Infrastructure, Inc.
Entity Central Index Key	0001810739
Entity File Number	001-39568
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	88-1807259
Entity Address, Address Line One	3 Bala Plaza East
Entity Address, Address Line Two	Suite 502
Entity Address City Or Town	Bala Cynwyd
Entity Address State Or Province	PA
Entity Address Postal Zip Code	19004
City Area Code	610
Local Phone Number	660-4910
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		95,276,963
Entity Interactive Data Current	Yes
Security12b Title	Class A Common Stock, par value $0.0001 per share
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 488,479	$ 456,146
Restricted cash	2,159	2,085
Trade receivables, net	7,989	7,933
Prepaid expenses and other current assets	21,004	20,685
Total current assets	519,631	486,849
Real property interests, net:
Right-of-use assets - finance leases, net	319,682	301,865
Telecom real property interests, net	1,325,854	1,174,186
Real property interests, net	1,645,536	1,476,051
Intangible assets, net	8,757	7,914
Property and equipment, net	1,086	1,789
Goodwill	80,509	80,509
Deferred tax asset	577	160
Restricted cash, long-term	124,705	173,962
Other long-term assets	31,157	9,701
Total assets	2,411,958	2,236,935
Current liabilities:
Accounts payable and accrued expenses	44,348	36,995
Rent received in advance	25,044	24,485
Finance lease liabilities, current	11,749	10,567
Telecom real property interest liabilities, current	5,384	3,828
Total current liabilities	86,525	75,875
Finance lease liabilities	22,236	24,766
Telecom real property interest liabilities	8,550	12,884
Long-term debt, net of debt discount and deferred financing costs	1,481,035	1,272,225
Deferred tax liability	73,660	62,296
Other long-term liabilities	5,007	5,231
Total liabilities	1,677,013	1,453,277
Commitments and contingencies
Stockholders’ equity:
Additional paid-in capital	1,049,087	1,038,740
Accumulated other comprehensive loss	(105,752)	(27,784)
Accumulated deficit	(260,402)	(278,132)
Total stockholders’ equity attributable to Radius Global Infrastructure, Inc.	682,943	732,833
Noncontrolling interest	52,002	50,825
Total liabilities and stockholders’ equity	2,411,958	2,236,935
Series A Founder Preferred Stock
Stockholders’ equity:
Preferred Stock
Series B Founder Preferred Stock
Stockholders’ equity:
Preferred Stock
Class A Common Stock
Stockholders’ equity:
Common Stock	$ 10	$ 9

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Series A Founder Preferred Stock
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,600,000	1,600,000
Preferred stock, shares issued	1,600,000	1,600,000
Preferred stock, shares outstanding	1,600,000	1,600,000
Series B Founder Preferred Stock
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,386,033	1,386,033
Preferred stock, shares issued	1,386,033	1,386,033
Preferred stock, shares outstanding	1,386,033	1,386,033
Class A Common Stock
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,590,000,000	1,590,000,000
Common stock, shares, issued	95,276,963	92,159,612
Common stock, shares, outstanding	95,276,963	92,159,612
Class B Common Stock
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares, issued	12,795,694	11,551,769
Common stock, shares, outstanding	12,795,694	11,551,769

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenue	$ 32,568	$ 24,973	$ 63,167	$ 47,145
Cost of service	2,027	513	2,868	808
Gross profit	30,541	24,460	60,299	46,337
Operating expenses:
Selling, general and administrative	21,205	18,866	43,892	34,255
Share-based compensation	5,496	3,842	10,088	7,945
Amortization and depreciation	19,324	15,575	38,075	29,655
Impairment - decommissions	1,272	1,707	2,037	2,394
Total operating expenses	47,297	39,990	94,092	74,249
Operating loss	(16,756)	(15,530)	(33,793)	(27,912)
Other income (expense):
Realized and unrealized gain (loss) on foreign currency debt	58,667	(3,662)	82,899	10,945
Interest expense, net	(16,714)	(12,267)	(32,812)	(21,254)
Other income (expense), net	(3,164)	266	(2,072)	(1,879)
Gain on extinguishment of debt	942		942
Total other income (expense), net	39,731	(15,663)	48,957	(12,188)
Income (loss) before income tax expense (benefit)	22,975	(31,193)	15,164	(40,100)
Income tax expense (benefit)	(577)	6,144	(3,743)	5,422
Net income (loss)	23,552	(37,337)	18,907	(45,522)
Net income (loss) attributable to noncontrolling interest	1,385	(2,815)	1,177	(3,421)
Net income (loss) attributable to stockholders	22,167	(34,522)	17,730	(42,101)
Stock dividend payment to holders of Series A Founders Preferred Stock	(40,832)		(40,832)	(31,391)
Net loss attributable to common stockholders	$ (18,665)	$ (34,522)	$ (23,102)	$ (73,492)
Loss per common share:
Basic	$ (0.20)	$ (0.50)	$ (0.25)	$ (1.15)
Diluted	$ (0.20)	$ (0.50)	$ (0.25)	$ (1.15)
Weighted average common shares outstanding:
Basic	93,506,412	68,724,275	92,809,563	64,127,528
Diluted	93,506,412	68,724,275	92,809,563	64,127,528

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 23,552	$ (37,337)	$ 18,907	$ (45,522)
Other comprehensive income (loss):
Foreign currency translation adjustment	(63,046)	4,654	(77,968)	(9,648)
Comprehensive loss	$ (39,494)	$ (32,683)	$ (59,061)	$ (55,170)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Series A Founder Preferred Stock	Series B Founder Preferred Stock	Common Shares Class A Common Stock	Common Shares Class B Common Stock	Additional paid-in capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Noncontrolling Interest
Balance at Dec. 31, 2020	$ 532,068					$ 673,955	$ 15,768	$ (213,237)	$ 55,582
Balance, shares at Dec. 31, 2020		1,600,000	1,386,033	58,425,000	11,414,030
Issuance of shares as stock dividend to holders of Series A Founder Preferred Stock, shares				2,474,421	197,739
Issuances of common shares	201,881			$ 8		201,873
Issuances of common shares, shares				14,457,588
Equity issuance costs	(8,539)					(8,539)
Exercise of warrants	9					9
Exercise of warrants, shares				932
Exercise of stock options	130					130
Exercise of stock options, shares				17,000
Share-based compensation	7,945					7,945
Share-based compensation, shares				309,921
Foreign currency translation adjustment	(9,648)						(9,648)
Net income (loss)	(45,522)							(42,101)	(3,421)
Balance at Jun. 30, 2021	678,324			$ 8		875,373	6,120	(255,338)	52,161
Balance, shares at Jun. 30, 2021		1,600,000	1,386,033	75,684,862	11,611,769
Balance at Mar. 31, 2021	513,684					678,058	1,466	(220,816)	54,976
Balance, shares at Mar. 31, 2021		1,600,000	1,386,033	61,212,042	11,611,769
Issuances of common shares	201,881			$ 8		201,873
Issuances of common shares, shares				14,457,588
Equity issuance costs	(8,539)					(8,539)
Exercise of warrants	9					9
Exercise of warrants, shares				832
Exercise of stock options	130					130
Exercise of stock options, shares				14,400
Share-based compensation	3,842					3,842
Foreign currency translation adjustment	4,654						4,654
Net income (loss)	(37,337)							(34,522)	(2,815)
Balance at Jun. 30, 2021	678,324			$ 8		875,373	6,120	(255,338)	52,161
Balance, shares at Jun. 30, 2021		1,600,000	1,386,033	75,684,862	11,611,769
Balance at Dec. 31, 2021	783,658			$ 9		1,038,740	(27,784)	(278,132)	50,825
Balance, shares at Dec. 31, 2021		1,600,000	1,386,033	92,159,612	11,551,769
Issuance of shares as stock dividend to holders of Series A Founder Preferred Stock, shares				2,523,472	138,005
Exercise of stock options	260			$ 1		259
Exercise of stock options, shares				33,285
Share-based compensation	10,088					10,088
Share-based compensation, shares				560,594	1,105,920
Foreign currency translation adjustment	(77,968)						(77,968)
Net income (loss)	18,907							17,730	1,177
Balance at Jun. 30, 2022	734,945			$ 10		1,049,087	(105,752)	(260,402)	52,002
Balance, shares at Jun. 30, 2022		1,600,000	1,386,033	95,276,963	12,795,694
Balance at Mar. 31, 2022	768,771			$ 9		1,043,420	(42,706)	(282,569)	50,617
Balance, shares at Mar. 31, 2022		1,600,000	1,386,033	92,731,191	12,657,689
Issuance of shares as stock dividend to holders of Series A Founder Preferred Stock, shares				2,523,472	138,005
Exercise of stock options	172			$ 1		171
Exercise of stock options, shares				22,300
Share-based compensation	5,496					5,496
Foreign currency translation adjustment	(63,046)						(63,046)
Net income (loss)	23,552							22,167	1,385
Balance at Jun. 30, 2022	$ 734,945			$ 10		$ 1,049,087	$ (105,752)	$ (260,402)	$ 52,002
Balance, shares at Jun. 30, 2022		1,600,000	1,386,033	95,276,963	12,795,694

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income (loss)	$ 18,907	$ (45,522)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Amortization and depreciation	38,075	29,655
Amortization of finance lease and telecom real property interest liabilities discount	733	649
Impairment - decommissions	2,037	2,394
Realized and unrealized gain on foreign currency debt	(82,899)	(10,945)
Amortization of debt discount and deferred financing costs	2,715	514
Provision for bad debt expense	207	2
Share-based compensation	10,088	7,945
Deferred income taxes	(5,626)	3,453
Gain on extinguishment of debt	(942)
Change in assets and liabilities:
Trade receivables, net	(881)	296
Prepaid expenses and other assets	(507)	(531)
Accounts payable, accrued expenses and other long-term liabilities	5,483	3,620
Rent received in advance	2,414	5,241
Net cash used in operating activities	(10,196)	(3,229)
Cash flows from investing activities:
Investments in real property interests and related intangible assets	(259,721)	(223,239)
Advance deposits made for real property interest investments	(22,686)
Purchases of property and equipment	(195)	(338)
Net cash used in investing activities	(282,602)	(223,577)
Cash flows from financing activities:
Borrowings under debt agreements	427,003	168,940
Repayments of term loans and other debt	(112,129)	(95)
Debt issuance costs	(12,571)	(3,852)
Proceeds from issuance of common stock, net of issuance costs		191,461
Proceeds from exercises of stock options and warrants	260	139
Repayments of finance lease and telecom real property interest liabilities	(7,407)	(7,687)
Net cash provided by financing activities	295,156	348,906
Net change in cash and cash equivalents and restricted cash	2,358	122,100
Effect of change in foreign currency exchange rates on cash, cash equivalents and restricted cash	(19,208)	(740)
Cash and cash equivalents and restricted cash at beginning of period	632,193
Cash and cash equivalents and restricted cash at beginning of period		215,448
Cash and cash equivalents and restricted cash at end of period	615,343
Cash and cash equivalents and restricted cash at end of period		336,808
Supplemental disclosure of cash and non-cash transactions:
Cash paid for interest	30,063	19,567
Cash paid for income taxes	$ 1,371	$ 1,449

Organization

Organization	6 Months Ended
	Jun. 30, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	1. Organization Radius Global Infrastructure, Inc. (together with its subsidiaries, “Radius” and/or the “Company”) is a holding company that, as of June 30, 2022, owned approximately 94% of APW OpCo LLC (“APW OpCo”), which is the parent of AP WIP Investments Holdings, LP (“AP Wireless”), one of the largest international aggregators of rental streams underlying wireless and other essential communications infrastructure sites through the acquisition of telecom real property interests and contractual rights. The Company typically purchases, primarily for a lump sum, the right to receive future rental payments generated pursuant to an existing lease (and any subsequent lease or extension or amendment thereof) between a property owner and an owner of a wireless tower, antennae or other communications infrastructure (each such lease, a “Tenant Lease”). Typically, the Company acquires the rental stream by way of a purchase of a real property interest in the land underlying the wireless tower antennae or other real property related communications infrastructure. These are most commonly easements, usufructs, leasehold and sub-leasehold interests, or fee simple interests, each of which provides the Company the right to receive the rents from the Tenant Lease. In addition, the Company purchases contractual interests, such as an assignment of rents, either in conjunction with the property interest or as a stand-alone right.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	2. Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its majority-owned or controlled subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated financial statements included herein have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and the rules and regulations of Securities and Exchange Commission for interim reporting. The financial information included herein is unaudited. However, the Company believes that all adjustments, which are of a normal and recurring nature, considered necessary for a fair presentation of its financial position and results of operations for such periods have been included herein. The condensed consolidated financial statements and related notes should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “Annual Report”). The results of operations for the three and six months ended June 30, 2022 are not necessarily indicative of the results that may be expected for the entire year. Use of Estimates The preparation of the condensed consolidated financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant Accounting Policies The Company’s significant accounting policies are described in detail in Note 2 to the Company’s consolidated financial statements included in the Annual Report. There have been no material changes to the Company’s significant accounting policies during the six months ended June 30, 2022.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	6 Months Ended
	Jun. 30, 2022
Cash And Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	3. The Company is required to maintain cash collateral at certain financial institutions. These include amounts that are required to be held in escrow accounts, which, subject to certain conditions, are available to the Company under certain of its long-term debt agreements. Accordingly, these balances contain restrictions as to their availability and usage and are classified as restricted cash in the condensed consolidated balance sheets. The reconciliation of cash and cash equivalents and restricted cash reported within the applicable balance sheet that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows is as follows: June 30, 2022 December 31, 2021 Cash and cash equivalents $ 488,479 $ 456,146 Restricted cash 2,159 2,085 Restricted cash, long term 124,705 173,962 Total cash and cash equivalents and restricted cash $ 615,343 $ 632,193

Real Property Interests

Real Property Interests	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Real Property Interests	4 . Real Property Interests Real property interests, net consisted of the following: June 30, 2022 December 31, 2021 Right-of-use assets – finance leases $ 342,884 $ 319,457 Telecom real property interests 1,430,828 1,257,373 1,773,712 1,576,830 Less accumulated amortization: Right-of-use assets - finance leases (23,202 ) (17,592 ) Telecom real property interests (104,974 ) (83,187 ) Real property interests, net $ 1,645,536 $ 1,476,051 The Company’s real property interests typically consist of leasehold interests or fee simple interests, acquired either through an upfront payment or on an installment basis from property owners who have leased their property to companies that own telecommunications infrastructure assets. The agreements that provide for the leasehold interests typically are easement agreements or similar arrangements, which provide the Company with certain beneficial rights, but not obligations, with respect to the underlying Tenant Leases. The beneficial rights acquired principally include the right to receive the rental income related to the lease with the in-place tenant, and in certain circumstances, additional rents. In most cases, the stated term of the leasehold interest is longer than the remaining term of the in-place Tenant Lease, which provides the Company with the right and opportunity for renewals and extensions. In cases in which the Company acquires a leasehold interest, the Company is both a lessor and a lessee. Although the Company has the rights under the acquired leasehold interests over the duration of the entire term, the underlying tenant, in most cases, can terminate their lease acquired by the Company within a short time frame (30 to 180 day notice) without penalty. Similarly, when the Company acquires a fee simple interest, the beneficial rights associated with the in-place Tenant Leases are acquired and the Company owns the property underlying or containing the telecommunication infrastructure assets. The costs of acquiring a real property interest are recorded either as a right-of-use asset, if the arrangement is determined to be a lease at the inception of the agreement under Accounting Standards Codification (“ASC”) Topic 842, Leases The Company often closes and funds its real property interest prepayment transactions through third‑party intermediaries that generally are the Company’s retained legal counsel in each jurisdiction. Funds for these transactions are typically deposited with the intermediary, which releases the funds once all closing conditions are satisfied. In other circumstances, the Company deposits monies with the owners of the sites in advance of consummating the acquisition of the real property interest, at which time all conditions are satisfied and remaining payments are made. Amounts held by others as deposits at June 30, 2022 and December 31, 2021 totaled $ 24,817 and $ 2,307 , respectively, and were recorded as other long ‑term assets in the Company’s condensed consolidated balance sheets. In connection with the acquisition of certain real property interest assets expected to occur after June 30, 2022, deposits were required to be paid to the selling entities totaling $20,722, in order to secure the Company’s right to acquire the assets. Upon the acquisition’s closing, the balance of the deposit will be included as part of the aggregate acquisition consideration to be paid for the assets and recorded as real property interest assets. Right-Of-Use Assets – Finance Leases and Related Liabilities For a real property interest arrangement determined to be a lease, the Company records a right-of-use asset and a lease liability. The weighted-average remaining lease term for leases classified as finance leases was 40.3 years and 40.1 years as of June 30, 2022 and December 31, 2021, respectively. The Company recorded finance lease expense and interest expense associated with finance lease liabilities in the condensed consolidated statements of operations as follows: Three months ended June 30, 2022 Six months ended June 30, 2022 Three months ended June 30, 2021 Six months ended June 30, 2021 Finance lease expense $ 3,238 $ 6,836 $ 2,852 $ 5,243 Interest expense – lease liability $ 261 $ 517 $ 240 $ 425 The Company’s lease agreements do not state an implicit borrowing rate; therefore, an internal incremental borrowing rate was determined based on information available at the lease commencement date for the purposes of determining the present value of lease payments. The incremental borrowing rate reflects the cost to borrow on a Supplemental cash flow information related to finance leases for the respective periods was as follows: Six months ended June 30, 2022 Six months ended June 30, 2021 Cash paid for amounts included in the measurement of finance lease liabilities: Operating cash flows from finance leases $ 263 $ 149 Financing cash flows from finance leases $ 5,209 $ 4,769 Finance lease liabilities arising from obtaining right-of-use assets $ 6,179 $ 6,770 Telecom Real Property Interests and Related Liabilities For acquisitions of real property interests accounted for under the acquisition method of accounting, the recorded amount of the telecom real property interest asset represents allocation of the purchase price based on the contractual cash flows associated with the Tenant Lease, including rights and opportunities for renewals thereof. Under certain circumstances, the contractual payments for the acquired telecom real property interests are made to property owners on a noninterest-bearing basis over a specified period of time. Included in telecom real property interest liabilities in the condensed consolidated balance sheets, the liabilities associated with telecom real property interests were initially measured at the present value of the unpaid payments. For telecom real property interests , amor tization expense was $ and $ for the three months ended June 30, 2022 and 2021 , respectively , and $ and $ for the six months ended June 30, 2022 and 2021, respectively . As of June 30, 2022 , amortization expense to be recognized for each of the succeeding five years was as follows: Remainder of 2022 $ 34,574 2023 68,123 2024 68,123 2025 67,452 2026 67,451 Thereafter 1,020,131 $ 1,325,854 Maturities of finance lease liabilities and telecom real property interest liabilities as of June 30, 2022 were as follows: Finance Lease Telecom Real Property Interest Remainder of 2022 $ 5,851 $ 1,522 2023 12,328 8,081 2024 6,442 3,533 2025 4,340 393 2026 3,072 361 Thereafter 4,565 570 Total lease payments 36,598 14,460 Less amounts representing future interest (2,613 ) (526 ) Total liability 33,985 13,934 Less current portion (11,749 ) (5,384 ) Non-current liability $ 22,236 $ 8,550 As of June 30, 2022, the weighted-average remaining contractual payment term for finance leases was 3.2 years.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	5 . Intangible Assets Intangible assets subject to amortization consisted of the following: June 30, 2022 December 31, 2021 In-place lease intangible asset Gross carrying amount $ 11,562 $ 10,295 Less accumulated amortization: (2,805 ) (2,381 ) Intangible assets, net $ 8,757 $ 7,914 Amortization expense was $353 and $306 for the three months ended June 30, 2022 and 2021, respectively, and $708 and $615 for the six months ended June 30, 2022 and 2021, respectively. The Company reviewed the portfolio of real property interests and intangible assets for impairment, in which the Company identified wireless communication sites for which impairment charges were recorded in Impairment – decommissions in the condensed consolidated statements of operations. As of June 30, 2022, the intangible asset amortization expense to be recognized for each of the succeeding five years was as follows: Remainder of 2022 $ 731 2023 1,320 2024 1,146 2025 993 2026 887 Thereafter 3,680 $ 8,757

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	6 Months Ended
	Jun. 30, 2022
Payables And Accruals [Abstract]
Accounts Payable and Accrued Expenses	6 . Accounts Payable and Accrued Expenses Accounts payable and accrued expenses consisted of the following: June 30, 2022 December 31, 2021 Interest payable $ 10,429 $ 8,805 Accrued liabilities 4,577 923 Taxes payable 12,560 11,980 Payroll and related withholdings 6,337 7,961 Accounts payable 4,784 1,891 Professional fees accrued 3,444 3,428 Current portion of operating lease liabilities 874 850 Other 1,343 1,157 Total accounts payable and accrued expenses $ 44,348 $ 36,995

Debt

Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	7 . Debt Long-term debt, net of unamortized debt discount and deferred financing costs, consisted of the following: June 30, 2022 December 31, 2021 DWIP Subscription Agreement $ 165,000 $ — ArcCo Subscription Agreement 235,479 — Facility Agreement 620,488 681,747 Subscription Agreement 157,053 169,119 Convertible Notes 264,500 264,500 DWIP II Loan Agreement 75,000 75,000 DWIP Loan Agreement — 102,600 Other debt — 2,565 Less: unamortized debt discount and financing fees (36,485 ) (23,306 ) Debt, carrying amount $ 1,481,035 $ 1,272,225 ArcCo Subscription Agreement In December 2021, AP WIP ArcCo Investments, LLC (“ArcCo Investments”), a subsidiary of AP Wireless, entered into a subscription agreement (the “ArcCo Subscription Agreement”) providing for loans of up to €750,000. The ArcCo Subscription Agreement provides for funding to ArcCo Investments, the sole borrower thereunder, in the form of promissory certificates consisting of tranches in Euros, Pound Sterling, and U.S. Dollars. The ArcCo Subscription Agreement contains certain financial condition and testing covenants (such as interest coverage and leverage limits) as well as restrictive and operating covenants relating to, among others, future indebtedness and liens and other material activities of ArcCo Investments and its affiliates. Obligations under the Subscription Agreement are guaranteed by AP WIP Investments, LLC (“AP WIP Investments”), a subsidiary of AP Wireless, and secured by a debt service reserve account and escrow cash account of ArcCo Investments available for making of incremental asset acquisitions, as well as secured by direct equity interests and bank accounts of ArcCo Investments and certain other subsidiaries. In January 2022, ArcCo Investments borrowed €225,000 ($257,490 USD equivalent) of the amount available under the ArcCo Subscription Agreement. Net of an issue discount of approximately $1,287, the funded amount of the borrowing under the ArcCo Subscription Agreement was approximately $256,203. In connection with this borrowing, $5,000 was funded to the debt service reserve account. The initial borrowing accrues interest at a fixed annual rate of approximately 3.2%, which will be payable quarterly and is scheduled to mature in January 2030 Convertible Notes In September 2021, the Company issued convertible notes (the “Convertible Notes”) in an aggregate principal amount totaling $264,500. The Convertible Notes bear interest at a fixed rate of 2.5% per year, payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2022. The Convertible Notes are convertible into cash, shares of the Company’s Class A Common Stock, or a combination thereof, at the Company’s election, and may be settled as described below. The Convertible Notes will mature on September 15, 2026 (the “Maturity Date”), unless earlier repurchased, redeemed or converted in accordance with their terms. Prior to the close of business on the business day immediately preceding March 15, 2026, the Convertible Notes will be convertible at the option of the holders only under certain conditions and during certain periods. On or after March 15, 2026, until the close of business on the second scheduled trading day immediately preceding the Maturity Date, holders may convert their Convertible Notes, at their option, at the conversion rate then in effect, irrespective of these conditions. DWIP Subscription Agreement & DWIP Loan Agreement Repayment In April 2022, a subsidiary of the Company, AP WIP Holdings, LLC (“DWIP”) entered into a subscription agreement (the “DWIP Subscription Agreement”) providing for the issuance of promissory certificates of up to $165,000. The monthly fixed coupon rate under the DWIP Subscription Agreement is approximately 3.6% per annum. In connection with entering into the DWIP Subscription Agreement, DWIP borrowed $165,000, using $102,600 to repay all of its outstanding obligations under the DWIP Loan Agreement, dated as of August 12, 2014, as amended (the “DWIP Loan Agreement”), plus the prepayment premium of 1.0% due thereunder, resulting in the total amount paid to settle the obligation due under the DWIP Loan Agreement of $103,626. Including the unamortized premium of $2,117 recorded in unamortized debt discount and financing fees in the condensed consolidated balance sheet, the carrying amount of the recorded debt under the DWIP Loan Agreement was $104,717 as of the repayment date. Accordingly, the settlement of all obligations under the DWIP Loan Agreement resulted in a gain on extinguishment of debt of $1,091 for the three and six months ended June 30, 2022. Borrowings under the DWIP Subscription Agreement are scheduled to mature in April 2027 Facility Agreement (up to £1,000,000) A subsidiary of the Company, AP WIP International Holdings, LLC (“IWIP”), is the sole borrower under a facility agreement (the “Facility Agreement”) that provides for up to £1,000,000 of borrowings with an initial 10-year term. The Facility Agreement is uncommitted and has the objective of issuing notes that may be denominated in U.S. Dollars, Pound Sterling, Euros, Australian Dollars, or Canadian Dollars. Under the Facility Agreement, debt service reserve and escrow cash account balances are required to be maintained and each are included in restricted cash in the condensed consolidated balance sheets. Through June 30, 2022, cumulative IWIP borrowings under the Facility Agreement consisted of €327,150 and £228,700 that accrue interest at annual fixed rates ranging from 2.8% to 4.5%. Outstanding principal amounts due under the Facility Agreement as of June 30, 2022 totaling $332,460, $145,373 and $142,654 are scheduled to mature in October 2027 August 2030 October 2031 DWIP II Loan Agreement AP WIP Domestic Investment II, LLC (“DWIP II”), a wholly owned subsidiary of AP WIP Investments, is the sole borrower under a junior loan agreement (the “DWIP II Loan Agreement”), the borrowings under which bear interest at 6.0%. In May 2022, the Company repaid $5,800, which represented the principal amount owed to one of the lenders under the DWIP II Loan Agreement and resulted in the extinguishment of this borrowing. The carrying amount of the repaid borrowing, including unamortized deferred financing costs, was $5,724. Accordingly, the Company recorded a loss on extinguishment of debt totaling $76. Separately, the Company and the remaining lender amended the DWIP II Loan Agreement, resulting in the receipt of proceeds of $5,800 and a change in the maturity date from April 2023 April 2024 Subscription Agreement (up to £250,000) AP WIP Investments Borrower, LLC, a subsidiary of AP WIP Investments, is the borrower under a subscription agreement (the “Subscription Agreement”) that provides for funding up to £250,000 in the form of nine-year Through June 30, 2022, cumulative borrowings under the Subscription Agreement consisted of fixed and variable rate interest-only notes totaling €105,000 and €40,000, respectively. As of June 30, 2022, borrowings under the Subscription Agreement bear cash-pay interest at rates ranging from 3.8% to 4.25% plus payment-in-kind interest at rates ranging from 1.75% to 2.0% and are scheduled to mature in November 2028 Interest Rate Cap Agreement Interest on the variable rate borrowing under the Subscription Agreement is based on the three-month Euro Interbank Offered Rate (“EURIBOR”) plus 3.75%. The Company is a party to an interest rate cap agreement, which has a notional amount of €40,000 and terminates in March 2026 Derivatives and Hedging The fair value of the interest rate cap was determined using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates rise above the strike rate of the cap and incorporated credit valuation adjustments to appropriately reflect the risk of non-performance. The variable interest rates used in the calculation of projected receipts on the cap were based on an expectation of future interest rates derived from observable market interest rate curves and volatilities. The primary inputs to the valuation technique used to measure fair value were ranked, according to their market price observability under the fair value hierarchy, as Level 2 inputs. Debt Discount and Financing Costs In connection with the borrowings made under the ArcCo Subscription Agreement in January 2022, deferred financing fees were incurred totaling $5,372, and a discount of $1,287 was recorded. In connection with the borrowings made under the DWIP Subscription Agreement in April 2022, deferred financing fees were incurred totaling $7,198. Amortization of debt discount and deferred financing costs, included in interest expense, net in the condensed consolidated statements of operations, was $1,609 and $379 for the three months ended June 30, 2022 and 2021, respectively, and $2,715 and $579 for the six months ended June 30, 2022 and 2021, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	8 . Income Taxes Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. The Company reduces the carrying amounts of deferred tax assets by a valuation allowance if, based on the available evidence, it is more likely than not that such assets will not be realized. Income tax expense (benefit) was a benefit of $(577) and $(3,743) for the three and six months ended June 30, 2022, respectively, and an expense of $6,144 and $5,422 for the three and six months ended June 30, 2021, respectively. For the six months ended June 30, 2022, the effective tax rate was (24.7)%, compared to (13.5)% for the six months ended June 30, 2021. For the six months ended June 30, 2022, the Company’s recorded income tax expense (benefit) in relation to its pre-tax income (loss) was higher than an amount that would result from applying the applicable statutory tax rates to such income (loss), primarily due to effectively settling a tax position with a taxing jurisdiction that resulted in a $1,202 reduction in the Company’s liability for unrecognized income tax benefits

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
Stockholders Equity Note [Abstract]
Stockholders' Equity	9 . Stockholders’ Equity Common Stock Each holder of Class A Common Stock is entitled to one vote per share on all matters and is entitled to ratably receive dividends and other distributions in cash, stock or property of the Company when, as and if declared thereon by the Company’s Board of Directors (the “Board”) from time to time out of assets or funds of the Company legally available. Each holder of the Company’s Class B Common Stock is entitled to one vote per share together as a single class with Class A Common Stock. Shares of Class B Common Stock are deemed to be non-economic interests. Series A Founder Preferred Stock As of June 30, 2022, all shares of the Company’s Series A Founder Preferred Stock were held by certain of its founders. Each holder of Series A Founder Preferred Stock is entitled to a number of votes equal to the number of shares of Class A Common Stock into which each share of Series A Founder Preferred Stock could then be converted, on all matters on which stockholders are generally entitled to vote. Stock Dividend on Series A Founder Preferred Stock In February 2021, the Board declared and paid a stock dividend payment of 2,474,421 shares of Class A Common Stock to the holders of all the issued and outstanding shares of Series A Founder Preferred Stock. Pursuant to the terms of the Series A Founder Preferred Stock, the holders became entitled to receive an annual dividend upon the Board’s declaration of such dividend and after the volume weighted average price of the Company’s Class A Common Stock was at or above $11.50 for ten consecutive trading days in 2020. The annual dividend amount for 2020, which totaled $31,391, was computed based on 20% of the increase in the market value of one share of Class A Common Stock, being the difference between the average of the volume weighted-average Class A Common Stock prices of the last ten trading days of 2020 of approximately $12.69 and $10.00 per share, multiplied by 58,425,000, which was the number of shares of Class A Common Stock outstanding as of February 10, 2020. The computed annual dividend amount for 2021 (the “2021 Annual Dividend Amount”) was $40,832 based on 20% of the difference between the volume weighted average price of the Class A Common Stock over the last ten consecutive trading days in 2021 of approximately $16.18 and $12.69 per share, which was the highest average price per share previously used in calculating an annual dividend amount. With respect to the 2021 Annual Dividend Amount, on May 6, 2022, the Board declared a stock dividend payment of 2,523,472 shares of Class A Common Stock that was paid on May 13, 2022. Concurrently with the dividend payment of Class A Common Stock, rollover distributions of APW OpCo Class B Common Units, which are held in tandem with the shares of Class B Common Stock, was made to the holders of the Series A Rollover Profits Units of APW OpCo, pursuant to the Second Amended and Restated Limited Liability Company Agreement of APW OpCo, dated as of July 31, 2020, by and between its members and the Company (the “APW OpCo LLC Agreement”). Accordingly, the Company issued in the aggregate 138,005 shares of the Company’s Class B Common Stock to the holders of the Series A Rollover Profits Units of APW OpCo concurrent with the stock dividend payment. Series B Founder Preferred Stock As of June 30, 2022, all shares of the Company’s Series B Founder Preferred Stock were held by certain executive officers and such shares were issued in tandem with LTIP Units (as defined in Note 10). Each holder of Series B Founder Preferred Stock is entitled to a number of votes equal to the number of shares of the Company’s Class A Common Stock and Class B Common Stock, respectively, into which each share of Series B Founder Preferred Stock could then be converted, on all matters on which stockholders are generally entitled to vote. Noncontrolling Interest As of June 30, 2022, noncontrolling interests consisted of limited liability company units of APW OpCo not owned by Radius. As of June 30, 2022, the portion of APW OpCo not owned by Radius was approximately 5.6%, representing the noncontrolling interest.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share-Based Compensation	1 0 . Share-Based Compensation In May 2022, the Company’s stockholders approved, the Company adopted an amendment to and the Company restated its equity incentive plan, renaming the plan the 2022 Equity Incentive Plan (the “Equity Plan”), pursuant to which the maximum number of shares of Company stock (either Class A Common Stock, Class B Common Stock, or Series B Founder Preferred Stock) that may be issued or paid with respect to all awards thereunder was increased by 11,500,000. Under the Equity Plan, the Compensation Committee of the Board is authorized to grant awards of stock options, stock appreciation rights, restricted stock, stock units, other equity-based awards and cash incentive awards that may be subject to a combination of time and performance-based vesting conditions. In accordance with ASC Topic 718, Compensation – Stock Compensation Subject to adjustment, the maximum number of shares of Company stock that may be issued or paid under or with respect to all awards granted under the Equity Plan is 25,000,000, in the aggregate. Generally, awards will deliver shares of Class A Common Stock, Class B Common Stock or Series B Founder Preferred Stock. As of June 30, 2022, there were approximately 12,082,832 share-based awards collectively available for grant under the Equity Plan. Long-Term Incentive Plan Units (LTIP Units) In February 2020, the executive officers of the Company received initial awards (each, an “Initial Award”) of Series A LTIP Units and Series B LTIP Units (together with the Series C LTIP Units, the “LTIP Units”) and, in tandem with such LTIP Units, an equal number of shares of Class B Common Stock and/or shares of Series B Founder Preferred Stock, respectively. In February 2022, the Company granted the executive officers awards of additional LTIP Units (each, a “2022 LTIP Award”), consisting of Series C LTIP Units and, in tandem with such LTIP Units, an equal number of shares of Class B Common Stock. The Initial Awards consisted of (i) 3,376,076 time-vesting Series A LTIP Units that either vest over a three-year five-year three-year three-year A summary of the changes in the LTIP Units for the three months ended June 30, 2022 is presented below: Series A LTIP Units Series B LTIP Units Series C LTIP Units Outstanding at December 31, 2021 5,340,000 1,386,033 — Granted — — 1,105,920 Exercised — — — Outstanding at June 30, 2022 5,340,000 1,386,033 1,105,920 Vested at June 30, 2022 1,651,007 856,693 — As of June 30, 2022, all awards of Series C LTIP Units are expected to vest. The fair value of each time-vesting Series C LTIP Unit and each Series C LTIP Unit vesting on the attainment of the AIPR Growth Condition was based on the grant date per share fair value of the Company’s Class A Common Stock, which was $13.01 per share. For each Market Condition Series C LTIP Unit, fair value was measured as of its grant date using a Monte Carlo method which took into consideration different stock price paths. The weighted-average grant date fair values for each Market Condition Series C LTIP Unit and the assumptions used in the determinations thereof were as follows: Market Condition Series C LTIP Units Weighted-average grant date fair value $ 7.72 Expected term 3.0 years Expected volatility 34.6 % Risk-free interest rate 1.8 % For the three months ended June 30, 2022 and 2021, the Company recognized share-based compensation expense of $4,332 and $3,313, respectively, and $8,017 and $6,626 for the six months ended June 30, 2022 and 2021, respectively, in the aggregate for all grants of LTIP Units. As of June 30, 2022, there was $33,011 of total unrecognized compensation cost related to the LTIP Units granted, which is expected to be recognized over a weighted-average period of 2.5 years. Restricted Stock Restricted stock awards granted under the Equity Plan generally are non-transferable until vesting of each award is complete. Each restricted stock award granted under the Equity Plan grants the recipient one share of Class A Common Stock at no cost to the recipient, subject to the terms and conditions of the Equity Plan and associated award agreement. Except for performance-vesting restricted stock awards granted in February 2022 (“Performance RSAs”), vesting of restricted stock awards granted under the Equity Plan is contingent upon the recipient’s completion of service, which ranges from one to five years beginning on the grant date. The Performance RSAs consisted of (i) 133,308 shares of Class A Common Stock that are subject to both time and two equally weighted performance vesting conditions, the latter conditions based on the attainment of the Market Condition and AIPR Growth Condition over the three-year period ending December 31, 2024 and (ii) 100,000 shares of Class A Common Stock that are subject to both time and performance vesting conditions, the latter condition based solely on the attainment of growth in certain annualized in-place rents of the Company over the five-year A summary of the changes in the Company’s nonvested restricted stock awards for the six months ended June 30, 2022 is presented below: Shares Weighted- Average Grant- Date Fair Value Nonvested at December 31, 2021 95,292 $ 10.93 Granted 560,594 $ 12.51 Vested (62,692 ) $ (12.54 ) Forfeited — — Nonvested at June 30, 2022 593,194 $ 12.25 As of June 30, 2022, all Performance RSAs are expected to vest. The fair value of each Performance RSA vesting on the attainment of annualized in-place rent criteria was based on the grant date per share fair value of the Company’s Class A Common Stock, which was $13.01 per share. For each Market Condition Performance RSA, fair value was measured as of its grant date using a Monte Carlo method which took into consideration different stock price paths. The weighted-average grant date fair values for each Market Condition Performance RSA and the assumptions used in the determinations thereof were as follows: Market Condition Restricted Stock Awards Weighted-average grant date fair value $ 7.72 Expected term 3.0 years Expected volatility 34.6 % Risk-free interest rate 1.8 % For the three months ended June 30, 2022 and 2021, the Company recognized share-based compensation expense for restricted stock awards of $598 and $196, respectively, and $965 and $692 for the six months ended June 30, 2022 and 2021, respectively. As of June 30, 2022, there was $6,404 of total unrecognized compensation cost related to restricted stock awards granted as of June 30, 2022. The total cost is expected to be recognized over a weighted-average period of 3.8 years. S tock Options The following table summarizes the changes in the number of common shares underlying options for the six months ended June 30, 2022: Shares Weighted- Average Exercise Price Outstanding at December 31, 2021 3,989,100 $ 10.32 Granted 330,000 $ 13.32 Exercised (33,285 ) $ 7.82 Forfeited (64,900 ) $ 12.23 Outstanding at June 30, 2022 4,220,915 $ 10.54 Exercisable at June 30, 2022 1,232,015 $ 8.81 Expiring on the tenth anniversary following the grant date, each employee option award vests upon the completion of five years of service. For stock options granted during the six months ended June 30, 2022, t he weighted-average grant date fair values for employee stock options and the weighted-average assumptions used in the determinations thereof were as follows: Six months ended June 30, 2022 Weighted-average grant date fair value $ 4.14 Expected term 6.5 years Expected volatility 26.4 % Risk-free interest rate 1.9 % For the three months ended June 30, 2022 and 2021, the Company recognized share-based compensation expense of $566 and $333, respectively, and $1,106 and $626 for the six months ended June 30, 2022 and 2021, respectively, for stock options granted to employees. As of June 30, 2022, there was $8,017 of total unrecognized compensation cost, which is expected to be recognized over a weighted-average period of 3.8 years.

Basic and Diluted Income (Loss)

Basic and Diluted Income (Loss) per Common Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Basic and Diluted Income (Loss) per Common Share	1 1 . Basic and Diluted Income (Loss) per Common Share Diluted earnings (loss) per common share is calculated by dividing the net income allocable to common stockholders of Radius by the weighted average number of common shares outstanding, adjusted for the effects of potentially dilutive common stock. For all periods presented with a net loss, the effects of any incremental potential common shares have been excluded from the calculation of loss per common share because their effect would be anti-dilutive. Therefore, the weighted-average shares outstanding used to calculate both basic and diluted loss per common share were the same for periods with a net loss attributable to common stockholders of Radius. The following table sets forth the computation of basic and diluted net loss per common share: Three months ended June 30, 2022 Six months ended June 30, 2022 Three months ended June 30, 2021 Six months ended June 30, 2021 Numerator: Net income (loss) attributable to stockholders $ 22,167 $ 17,730 $ (34,522 ) $ (42,101 ) Stock dividend payment to holders of Series A Founder Preferred Stock (40,832 ) (40,832 ) — (31,391 ) Net loss attributable to common stockholders $ (18,665 ) $ (23,102 ) $ (34,522 ) $ (73,492 ) Denominator: Weighted average common shares outstanding - basic and diluted 93,506,412 92,809,563 68,724,275 64,127,528 Basic and diluted loss per common share $ (0.20 ) $ (0.25 ) $ (0.50 ) $ (1.15 ) The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares outstanding as they would be anti-dilutive: Three months ended June 30, 2022 Six months ended June 30, 2022 Three months ended June 30, 2021 Six months ended June 30, 2021 Shares of Series A Founder Preferred Stock 1,600,000 1,600,000 1,600,000 1,600,000 Warrants — — 16,674,700 16,674,700 Stock options 4,220,915 4,220,915 3,392,400 3,392,400 Restricted stock 593,194 593,194 95,292 95,292 LTIP Units 7,831,953 7,831,953 6,786,033 6,786,033 Convertible Notes 11,693,192 11,693,192 — —

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	1 2 . Commitments and Contingencies The Company periodically becomes involved in various claims, lawsuits and proceedings that are incidental to its business. In the opinion of management, after consultation with counsel, the ultimate disposition of these matters, both asserted and unasserted, will not have a material adverse impact on the Company’s condensed consolidated financial position, results of operations or liquidity.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its majority-owned or controlled subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated financial statements included herein have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and the rules and regulations of Securities and Exchange Commission for interim reporting. The financial information included herein is unaudited. However, the Company believes that all adjustments, which are of a normal and recurring nature, considered necessary for a fair presentation of its financial position and results of operations for such periods have been included herein. The condensed consolidated financial statements and related notes should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “Annual Report”). The results of operations for the three and six months ended June 30, 2022 are not necessarily indicative of the results that may be expected for the entire year.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Significant Accounting Policies	Significant Accounting Policies The Company’s significant accounting policies are described in detail in Note 2 to the Company’s consolidated financial statements included in the Annual Report. There have been no material changes to the Company’s significant accounting policies during the six months ended June 30, 2022.

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2022
Cash And Cash Equivalents [Abstract]
Reconciliation of Cash and Cash Equivalents and Restricted Cash	The reconciliation of cash and cash equivalents and restricted cash reported within the applicable balance sheet that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows is as follows: June 30, 2022 December 31, 2021 Cash and cash equivalents $ 488,479 $ 456,146 Restricted cash 2,159 2,085 Restricted cash, long term 124,705 173,962 Total cash and cash equivalents and restricted cash $ 615,343 $ 632,193

Real Property Interests (Tables

Real Property Interests (Tables)	6 Months Ended
	Jun. 30, 2022
Summary of Real Property Interests, Net	Real property interests, net consisted of the following: June 30, 2022 December 31, 2021 Right-of-use assets – finance leases $ 342,884 $ 319,457 Telecom real property interests 1,430,828 1,257,373 1,773,712 1,576,830 Less accumulated amortization: Right-of-use assets - finance leases (23,202 ) (17,592 ) Telecom real property interests (104,974 ) (83,187 ) Real property interests, net $ 1,645,536 $ 1,476,051
Summary of Finance Lease Expense and Interest Expense Associated with Lease Liability in Condensed Statement of Operations	The Company recorded finance lease expense and interest expense associated with finance lease liabilities in the condensed consolidated statements of operations as follows: Three months ended June 30, 2022 Six months ended June 30, 2022 Three months ended June 30, 2021 Six months ended June 30, 2021 Finance lease expense $ 3,238 $ 6,836 $ 2,852 $ 5,243 Interest expense – lease liability $ 261 $ 517 $ 240 $ 425
Schedule of Supplemental Cash Flow Information Related to Finance Leases	Supplemental cash flow information related to finance leases for the respective periods was as follows: Six months ended June 30, 2022 Six months ended June 30, 2021 Cash paid for amounts included in the measurement of finance lease liabilities: Operating cash flows from finance leases $ 263 $ 149 Financing cash flows from finance leases $ 5,209 $ 4,769 Finance lease liabilities arising from obtaining right-of-use assets $ 6,179 $ 6,770
Schedule of Amortization Expense To Be Recognized for Each of Succeeding Five Years	As of June 30, 2022, the intangible asset amortization expense to be recognized for each of the succeeding five years was as follows: Remainder of 2022 $ 731 2023 1,320 2024 1,146 2025 993 2026 887 Thereafter 3,680 $ 8,757
Schedule of Maturity of Finance Lease Liabilities and Telecom Real Property Interest Liabilities	Maturities of finance lease liabilities and telecom real property interest liabilities as of June 30, 2022 were as follows: Finance Lease Telecom Real Property Interest Remainder of 2022 $ 5,851 $ 1,522 2023 12,328 8,081 2024 6,442 3,533 2025 4,340 393 2026 3,072 361 Thereafter 4,565 570 Total lease payments 36,598 14,460 Less amounts representing future interest (2,613 ) (526 ) Total liability 33,985 13,934 Less current portion (11,749 ) (5,384 ) Non-current liability $ 22,236 $ 8,550
Telecom Real Property Interests
Schedule of Amortization Expense To Be Recognized for Each of Succeeding Five Years	As of June 30, 2022 , amortization expense to be recognized for each of the succeeding five years was as follows: Remainder of 2022 $ 34,574 2023 68,123 2024 68,123 2025 67,452 2026 67,451 Thereafter 1,020,131 $ 1,325,854

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets Subject to Amortization	Intangible assets subject to amortization consisted of the following: June 30, 2022 December 31, 2021 In-place lease intangible asset Gross carrying amount $ 11,562 $ 10,295 Less accumulated amortization: (2,805 ) (2,381 ) Intangible assets, net $ 8,757 $ 7,914
Schedule of Amortization Expense To Be Recognized for Each of Succeeding Five Years	As of June 30, 2022, the intangible asset amortization expense to be recognized for each of the succeeding five years was as follows: Remainder of 2022 $ 731 2023 1,320 2024 1,146 2025 993 2026 887 Thereafter 3,680 $ 8,757

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2022
Payables And Accruals [Abstract]
Schedule of Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consisted of the following: June 30, 2022 December 31, 2021 Interest payable $ 10,429 $ 8,805 Accrued liabilities 4,577 923 Taxes payable 12,560 11,980 Payroll and related withholdings 6,337 7,961 Accounts payable 4,784 1,891 Professional fees accrued 3,444 3,428 Current portion of operating lease liabilities 874 850 Other 1,343 1,157 Total accounts payable and accrued expenses $ 44,348 $ 36,995

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt, Net of Unamortized Debt Discount and Deferred Financing Costs	Long-term debt, net of unamortized debt discount and deferred financing costs, consisted of the following: June 30, 2022 December 31, 2021 DWIP Subscription Agreement $ 165,000 $ — ArcCo Subscription Agreement 235,479 — Facility Agreement 620,488 681,747 Subscription Agreement 157,053 169,119 Convertible Notes 264,500 264,500 DWIP II Loan Agreement 75,000 75,000 DWIP Loan Agreement — 102,600 Other debt — 2,565 Less: unamortized debt discount and financing fees (36,485 ) (23,306 ) Debt, carrying amount $ 1,481,035 $ 1,272,225

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Changes in Long Term Incentive Plan Units	A summary of the changes in the LTIP Units for the three months ended June 30, 2022 is presented below: Series A LTIP Units Series B LTIP Units Series C LTIP Units Outstanding at December 31, 2021 5,340,000 1,386,033 — Granted — — 1,105,920 Exercised — — — Outstanding at June 30, 2022 5,340,000 1,386,033 1,105,920 Vested at June 30, 2022 1,651,007 856,693 —
Weighted Average Grant Date Fair Values for Long Term Incentive Plan Unit	The weighted-average grant date fair values for each Market Condition Series C LTIP Unit and the assumptions used in the determinations thereof were as follows: Market Condition Series C LTIP Units Weighted-average grant date fair value $ 7.72 Expected term 3.0 years Expected volatility 34.6 % Risk-free interest rate 1.8 %
Summary of Changes in Nonvested Restricted Stock Awards	A summary of the changes in the Company’s nonvested restricted stock awards for the six months ended June 30, 2022 is presented below: Shares Weighted- Average Grant- Date Fair Value Nonvested at December 31, 2021 95,292 $ 10.93 Granted 560,594 $ 12.51 Vested (62,692 ) $ (12.54 ) Forfeited — — Nonvested at June 30, 2022 593,194 $ 12.25
Weighted Average Grant Date Fair Values for Market Condition Performance	The weighted-average grant date fair values for each Market Condition Performance RSA and the assumptions used in the determinations thereof were as follows: Market Condition Restricted Stock Awards Weighted-average grant date fair value $ 7.72 Expected term 3.0 years Expected volatility 34.6 % Risk-free interest rate 1.8 %
Schedule of Changes in Number of Common Shares Underlying Options	The following table summarizes the changes in the number of common shares underlying options for the six months ended June 30, 2022: Shares Weighted- Average Exercise Price Outstanding at December 31, 2021 3,989,100 $ 10.32 Granted 330,000 $ 13.32 Exercised (33,285 ) $ 7.82 Forfeited (64,900 ) $ 12.23 Outstanding at June 30, 2022 4,220,915 $ 10.54 Exercisable at June 30, 2022 1,232,015 $ 8.81
Weighted Average Grant Date Fair Values for Employee Stock Options Granted	For stock options granted during the six months ended June 30, 2022, t he weighted-average grant date fair values for employee stock options and the weighted-average assumptions used in the determinations thereof were as follows: Six months ended June 30, 2022 Weighted-average grant date fair value $ 4.14 Expected term 6.5 years Expected volatility 26.4 % Risk-free interest rate 1.9 %

Basic and Diluted Income (Los_2

Basic and Diluted Income (Loss) per Common Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Loss Per Common Share Using Two-class Method	The following table sets forth the computation of basic and diluted net loss per common share: Three months ended June 30, 2022 Six months ended June 30, 2022 Three months ended June 30, 2021 Six months ended June 30, 2021 Numerator: Net income (loss) attributable to stockholders $ 22,167 $ 17,730 $ (34,522 ) $ (42,101 ) Stock dividend payment to holders of Series A Founder Preferred Stock (40,832 ) (40,832 ) — (31,391 ) Net loss attributable to common stockholders $ (18,665 ) $ (23,102 ) $ (34,522 ) $ (73,492 ) Denominator: Weighted average common shares outstanding - basic and diluted 93,506,412 92,809,563 68,724,275 64,127,528 Basic and diluted loss per common share $ (0.20 ) $ (0.25 ) $ (0.50 ) $ (1.15 )
Summary of Potentially Dilutive Securities Excluded From Computation of Diluted Weighted Average Shares Outstanding	The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares outstanding as they would be anti-dilutive: Three months ended June 30, 2022 Six months ended June 30, 2022 Three months ended June 30, 2021 Six months ended June 30, 2021 Shares of Series A Founder Preferred Stock 1,600,000 1,600,000 1,600,000 1,600,000 Warrants — — 16,674,700 16,674,700 Stock options 4,220,915 4,220,915 3,392,400 3,392,400 Restricted stock 593,194 593,194 95,292 95,292 LTIP Units 7,831,953 7,831,953 6,786,033 6,786,033 Convertible Notes 11,693,192 11,693,192 — —

Organization - Additional Infor

Organization - Additional Information (Details)	Jun. 30, 2022
AP Wireless | Landscape
Business Acquisition [Line Items]
Percentage of interest acquired	94%

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash - Reconciliation of Cash and Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 488,479	$ 456,146
Restricted cash	2,159	2,085
Restricted cash, long-term	124,705	173,962
Total cash and cash equivalents and restricted cash	$ 615,343	$ 632,193

Real Property Interests - Summa

Real Property Interests - Summary of Real Property Interests, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Right-of-use assets - finance leases	$ 342,884	$ 319,457
Telecom real property interests	1,430,828	1,257,373
Real property interests, gross	1,773,712	1,576,830
Right-of-use assets - finance leases	(23,202)	(17,592)
Telecom real property interests	(104,974)	(83,187)
Real property interests, net	$ 1,645,536	$ 1,476,051

Real Property Interests - Addit

Real Property Interests - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Lessee Lease Description [Line Items]
Finance lease, weighted-average remaining lease term	40 years 3 months 18 days		40 years 3 months 18 days		40 years 1 month 6 days
Finance lease, weighted-average incremental borrowing rate	4.10%		4.10%		3.90%
Finance lease, weighted average remaining contractual payment term			3 years 2 months 12 days
Acquisition of Certain Real Property Interest Assets
Lessee Lease Description [Line Items]
Deposits required to be paid	$ 20,722		$ 20,722
Other Long-term Assets
Lessee Lease Description [Line Items]
Deposits held by others	24,817,000		24,817,000		$ 2,307,000
Telecom Real Property Interests
Lessee Lease Description [Line Items]
Amortization expense	$ 15,755,000	$ 12,216,000	$ 30,300,000	$ 23,415,000
Telecom Real Property Interests | Minimum
Lessee Lease Description [Line Items]
Tenant notice period for termination of lease without penalty			30 days
Telecom Real Property Interests | Maximum
Lessee Lease Description [Line Items]
Tenant notice period for termination of lease without penalty			180 days

Real Property Interests - Sum_2

Real Property Interests - Summary of Finance Lease Expense and Interest Expense Associated with Lease Liability in Condensed Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Finance lease expense	$ 3,238	$ 2,852	$ 6,836	$ 5,243
Interest expense – lease liability	$ 261	$ 240	$ 517	$ 425

Real Property Interests - Sched

Real Property Interests - Schedule of Supplemental Cash Flow Information Related to Finance Leases (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating cash flows from finance leases	$ 263	$ 149
Financing cash flows from finance leases	5,209	4,769
Finance lease liabilities arising from obtaining right-of-use assets	$ 6,179	$ 6,770

Real Property Interests - Sch_2

Real Property Interests - Schedule of Amortization Expense To Be Recognized for Each of Succeeding Five Years (Details) - Telecom Real Property Interests $ in Thousands	Jun. 30, 2022 USD ($)
Finite Lived Intangible Assets [Line Items]
Remainder of 2022	$ 34,574
2023	68,123
2024	68,123
2025	67,452
2026	67,451
Thereafter	1,020,131
Total	$ 1,325,854

Real Property Interests - Sch_3

Real Property Interests - Schedule of Maturities of Finance Lease Liabilities and Telecom Real Property Interest Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finance Lease and Telecom Real Property Interest
Remainder of 2022	$ 5,851
2023	12,328
2024	6,442
2025	4,340
2026	3,072
Thereafter	4,565
Total lease payments	36,598
Less amounts representing future interest	(2,613)
Total liability	33,985
Less current portion	(11,749)	$ (10,567)
Finance lease liabilities	22,236	24,766
Less current portion	(5,384)	$ (3,828)
Telecom Real Property Interest
Finance Lease and Telecom Real Property Interest
Remainder of 2022	1,522
2023	8,081
2024	3,533
2025	393
2026	361
Thereafter	570
Total lease payments	14,460
Less amounts representing future interest	(526)
Total liability	13,934
Less current portion	(5,384)
Non-current liability	$ 8,550

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Intangible Assets Subject to Amortization (Details) - In-Place Lease Intangible Asset - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 11,562	$ 10,295
Less accumulated amortization:	(2,805)	(2,381)
Total	$ 8,757	$ 7,914

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
In-Place Lease Intangible Asset
Finite Lived Intangible Assets [Line Items]
Amortization expense	$ 353	$ 306	$ 708	$ 615

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Intangible Asset Amortization Expense to Be Recognized for Each of the Succeeding Five Years (Details) - In-Place Lease Intangible Asset - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finite Lived Intangible Assets [Line Items]
Remainder of 2022	$ 731
2023	1,320
2024	1,146
2025	993
2026	887
Thereafter	3,680
Total	$ 8,757	$ 7,914

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Payables And Accruals [Abstract]
Interest payable	$ 10,429	$ 8,805
Accrued liabilities	4,577	923
Taxes payable	12,560	11,980
Payroll and related withholdings	6,337	7,961
Accounts payable	4,784	1,891
Professional fees accrued	3,444	3,428
Current portion of operating lease liabilities	874	850
Other	1,343	1,157
Total accounts payable and accrued expenses	$ 44,348	$ 36,995

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt, Net of Unamortized Debt Discount and Deferred Financing Costs (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jan. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Less: unamortized debt discount and financing fees	$ (36,485)		$ (23,306)
Debt, carrying amount	1,481,035		1,272,225
DWIP Subscription Agreement
Debt Instrument [Line Items]
Long-term debt, gross	165,000
ArcCo Subscription Agreement
Debt Instrument [Line Items]
Long-term debt, gross	235,479
Less: unamortized debt discount and financing fees		$ (1,287)
Facility Agreement
Debt Instrument [Line Items]
Long-term debt, gross	620,488		681,747
Subscription Agreement
Debt Instrument [Line Items]
Long-term debt, gross	157,053		169,119
Convertible Notes
Debt Instrument [Line Items]
Long-term debt, gross	264,500		264,500
DWIP II Loan Agreement
Debt Instrument [Line Items]
Long-term debt, gross	$ 75,000		75,000
DWIP Agreement
Debt Instrument [Line Items]
Long-term debt, gross			102,600
Other Debt
Debt Instrument [Line Items]
Long-term debt, gross			$ 2,565

Debt - Additional Information (

Debt - Additional Information (Details)				1 Months Ended			3 Months Ended		6 Months Ended
	Oct. 31, 2021 USD ($)	Sep. 30, 2021 USD ($) $ / shares	Aug. 31, 2021 USD ($)	May 31, 2022 USD ($)	Apr. 30, 2022 USD ($)	Jan. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 EUR (€)	Jun. 30, 2022 GBP (£)	Jan. 31, 2022 EUR (€)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 EUR (€)
Debt Instrument [Line Items]
Debt instrument issue discount							$ 36,485,000		$ 36,485,000					$ 23,306,000
Debt, carrying amount							1,481,035,000		1,481,035,000					1,272,225,000
Gain on extinguishment of debt							942,000		942,000
Amortization of debt discount and deferred financing costs									2,715,000	$ 514,000
Deferred financing fees					$ 7,198,000	$ 5,372,000
Discount						1,287,000
Interest Expense, Net
Debt Instrument [Line Items]
Amortization of debt discount and deferred financing costs							$ 1,609,000	$ 379,000	$ 2,715,000	$ 579,000
Interest Rate Cap
Debt Instrument [Line Items]
Notional amount | €											€ 40,000
Derivative maturity date									Mar. 31, 2026
Interest Rate Cap | EURIBOR
Debt Instrument [Line Items]
Interest on the variable rate borrowing							3.75%		3.75%		3.75%	3.75%
Interest Rate Cap | Other Income (Expense)
Debt Instrument [Line Items]
Changes in fair value of interest rate cap							$ 593,000		$ 1,074,000
Maximum | Interest Rate Cap | EURIBOR
Debt Instrument [Line Items]
Interest rate cap							0.25%		0.25%		0.25%	0.25%
Other Long-term Assets | Interest Rate Cap
Debt Instrument [Line Items]
Derivative asset							$ 2,194,000		$ 2,194,000
ArcCo Investments
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity						257,490,000							€ 225,000,000
Funded to debt service reserve account						$ 5,000,000
Debt instrument, interest rate						3.20%							3.20%
Debt instrument frequency of periodic principal payments						quarterly
Debt instrument, maturity date						Jan. 31, 2030
ArcCo Subscription Agreement
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity						$ 256,203,000									€ 750,000,000
Debt instrument issue discount						$ 1,287,000
Long-term debt, gross							235,479,000		$ 235,479,000
Convertible Notes
Debt Instrument [Line Items]
Debt instrument, interest rate		2.50%
Debt instrument frequency of periodic principal payments									semi-annually
Debt instrument, maturity date		Sep. 15, 2026
Debt instrument principal amount		$ 264,500,000
Debt instrument beginning date		Mar. 15, 2022
Debt instrument interest payments, term									payable semi-annually in arrears on March 15 and September 15 of each year
Long-term debt, gross							264,500,000		$ 264,500,000					264,500,000
Convertible Notes | Class A Common Stock
Debt Instrument [Line Items]
Debt instrument, convertible conversion rate in ordinary shares		44.2087
Debt instrument, convertible, principal amount per share considered for conversion rate		$ 1,000
Debt instrument, convertible, initial conversion price per ordinary share | $ / shares		$ 22.62
DWIP Subscription Agreement
Debt Instrument [Line Items]
Long-term debt, gross							165,000,000		165,000,000
DWIP Subscription Agreement | Promissory Certificates
Debt Instrument [Line Items]
Debt instrument, maturity date					Apr. 30, 2027
DWIP Subscription Agreement | DWIP | Promissory Certificates
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity					$ 165,000,000
Debt instrument, interest rate					3.60%
DWIP Agreement
Debt Instrument [Line Items]
Long-term debt, gross														102,600,000
DWIP Agreement | DWIP | Promissory Certificates
Debt Instrument [Line Items]
Repay outstanding obligation					$ 102,600,000
Debt instrument, prepayment premium percentage					1%
Long-term debt, gross					$ 103,626,000
Debt, carrying amount					104,717,000
Gain on extinguishment of debt							1,091,000		1,091,000
DWIP Agreement | DWIP | Promissory Certificates | Unamortized Debt Discount and Financing Fees
Debt Instrument [Line Items]
Unamortized premium					$ 2,117,000
Facility Agreement
Debt Instrument [Line Items]
Long-term debt, gross							620,488,000		$ 620,488,000					681,747,000
Facility Agreement | IWIP
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity | £												£ 1,000,000,000
Debt instrument, maturity date	Oct. 31, 2031		Aug. 31, 2030						Oct. 31, 2027
Debt instrument principal amount	$ 142,654,000		$ 145,373,000				$ 332,460,000		$ 332,460,000
Debt instrument, term									10 years
Debt instrument, funded amount											€ 327,150,000	£ 228,700
Facility Agreement | IWIP | Minimum
Debt Instrument [Line Items]
Debt instrument, interest rate							2.80%		2.80%		2.80%	2.80%
Facility Agreement | IWIP | Maximum
Debt Instrument [Line Items]
Debt instrument, interest rate							4.50%		4.50%		4.50%	4.50%
DWIP II Loan Agreement
Debt Instrument [Line Items]
Long-term debt, gross							$ 75,000,000		$ 75,000,000					75,000,000
DWIP II Loan Agreement | A P W I P Domestic Investment I I L L C | A P W Op Co
Debt Instrument [Line Items]
Debt instrument, interest rate							6%		6%		6%	6%
Debt instrument, maturity date				Apr. 30, 2024	Apr. 30, 2023
Repay outstanding obligation				$ 5,800,000
Debt, carrying amount				5,724,000
Gain on extinguishment of debt				(76,000)
Proceeds from loan agreement				$ 5,800,000
Subscription Agreement
Debt Instrument [Line Items]
Long-term debt, gross							$ 157,053,000		$ 157,053,000					$ 169,119,000
Subscription Agreement | AP WIP Investments Borrower
Debt Instrument [Line Items]
Debt instrument, maximum borrowing capacity | £												£ 250,000,000
Debt instrument, term									9 years
Subscription Agreement | AP WIP Investments Borrower | Interest-Only Secured Notes
Debt Instrument [Line Items]
Debt instrument, maturity date									Nov. 30, 2028
Subscription Agreement | AP WIP Investments Borrower | Interest-Only Secured Notes | Fixed Rate
Debt Instrument [Line Items]
Debt instrument, funded amount | €											€ 105,000,000
Subscription Agreement | AP WIP Investments Borrower | Interest-Only Secured Notes | Variable Rate
Debt Instrument [Line Items]
Debt instrument, funded amount | £												£ 40,000
Subscription Agreement | AP WIP Investments Borrower | Interest-Only Secured Notes | Minimum
Debt Instrument [Line Items]
Debt instrument, interest rate							3.80%		3.80%		3.80%	3.80%
Percentage of payment-in-kind interest							1.75%		1.75%		1.75%	1.75%
Subscription Agreement | AP WIP Investments Borrower | Interest-Only Secured Notes | Maximum
Debt Instrument [Line Items]
Debt instrument, interest rate							4.25%		4.25%		4.25%	4.25%
Percentage of payment-in-kind interest							2%		2%		2%	2%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (577)	$ 6,144	$ (3,743)	$ 5,422
Effective tax rate			(24.70%)	(13.50%)
Unrecognized income tax benefits	$ 1,202		$ 1,202

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	6 Months Ended	12 Months Ended
	May 06, 2022	Feb. 28, 2021	Jun. 30, 2022	Dec. 31, 2021	Feb. 10, 2020
A P W Op Co | Noncontrolling Interest
Class Of Stock [Line Items]
Noncontrolling Interest Percentage			5.60%
Class A Common Stock
Class Of Stock [Line Items]
Common stock, voting rights			one vote per share
Shares outstanding			95,276,963	92,159,612	58,425,000
Class B Common Stock
Class Of Stock [Line Items]
Common stock, voting rights			one vote per share
Shares outstanding			12,795,694	11,551,769
Series A Founder Preferred Stock
Class Of Stock [Line Items]
Dividends declared date		2021-02
Dividends paid date		2021-02
Issuance of common stock shares		2,474,421
Number of trading days		10 days
Series A Founder Preferred Stock | 2020 Annual Dividend Amount
Class Of Stock [Line Items]
Number of consecutive trading days		10 days
Dividend payable percentage in proportion to increase in market value of one ordinary share during first year		20%
Dividend payable price in proportion to increase in market value of ordinary share during first year		$ 10
Average common share price for stock dividend determination		$ 12.69
Stock dividend payment (amount)		$ 31,391
Series A Founder Preferred Stock | 2021 Annual Dividend Amount
Class Of Stock [Line Items]
Number of consecutive trading days		10 days
Average common share price for stock dividend determination		$ 16.18
Issuance of common stock shares	2,523,472
Stock dividend payment (amount)				$ 40,832
Computation of annual dividend based on percentage of difference between volume weighted average price over last ten consecutive trading days				20%
Dividend payable price in proportion to increase in market value of ordinary share during subsequent year		12.69
Dividends declared date	May 06, 2022
Dividends paid date	May 13, 2022
Rollover distribution of class B common units to holders of series A rollover profits units	138,005
Series A Founder Preferred Stock | Minimum
Class Of Stock [Line Items]
Average price per ordinary share		$ 11.50

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended		9 Months Ended
	Feb. 10, 2020	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021	May 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation		$ 5,496	$ 3,842	$ 10,088	$ 7,945
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation		598	196	965	692
Unrecognized equity-based compensation cost		6,404		$ 6,404
Weighted average period for recognition of compensation cost				3 years 9 months 18 days
Share-based payment award, description				Restricted stock awards granted under the Equity Plan generally are non-transferable until vesting of each award is complete. Each restricted stock award granted under the Equity Plan grants the recipient one share of Class A Common Stock at no cost to the recipient, subject to the terms and conditions of the Equity Plan and associated award agreement. Except for performance-vesting restricted stock awards granted in February 2022 (“Performance RSAs”), vesting of restricted stock awards granted under the Equity Plan is contingent upon the recipient’s completion of service, which ranges from one to five years beginning on the grant date.
Share-Based Payment Arrangement, Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				5 years
Grant date fair value, per share				$ 4.14
Share-based compensation		566	333	$ 1,106	626
Weighted average period for recognition of compensation cost				3 years 9 months 18 days
Unrecognized compensation cost		$ 8,017		$ 8,017
Class A Common Stock | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant date fair value, per share				$ 13.01
Two Thousand Twenty Two Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock issued or paid with respect to awards increased							11,500,000
Digital Landscape 2020 Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares based awards granted		25,000,000		25,000,000
Number of share based awards available for grant		12,082,832		12,082,832
Time-Vesting Series A LTIP Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of units awarded	3,376,076
Time-Vesting Series A LTIP Units | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Time-Vesting Series A LTIP Units | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	5 years
Performance-Based Series A LTIP Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of units awarded	2,023,924
Vesting period	7 years
Series B LTIP Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of units awarded	1,386,033
Vesting period	9 years
Time-Vesting Series C LTIP Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of units awarded	276,481
Vesting period	3 years
Performance-Based Series C LTIP Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of units awarded	829,439
Vesting period	3 years
Series C LTIP Units | Class A Common Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant date fair value, per share				$ 13.01
LTIP
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation		$ 4,332	$ 3,313	$ 8,017	$ 6,626
Unrecognized equity-based compensation cost		$ 33,011		$ 33,011
Weighted average period for recognition of compensation cost						2 years 6 months
Time-Vesting Class A Common Stock | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of units awarded				133,308
Time-Vesting Class A Common Stock | Minimum | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				3 years
Time-Vesting Class A Common Stock | Maximum | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				5 years
Performance-Based Class A Common Stock | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of units awarded				100,000
Vesting period				5 years

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Changes in Long Term Incentive Plan Units (Details)	6 Months Ended
	Jun. 30, 2022 shares
Series A LTIP Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding at December 31, 2021	5,340,000
Granted
Outstanding at June 30, 2022	5,340,000
Vested at June 30, 2022	1,651,007
Series B LTIP Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outstanding at December 31, 2021	1,386,033
Granted
Outstanding at June 30, 2022	1,386,033
Vested at June 30, 2022	856,693
Series C LTIP Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted	1,105,920
Outstanding at June 30, 2022	1,105,920

Share-Based Compensation - Weig

Share-Based Compensation - Weighted Average Grant Date Fair Values for Long Term Incentive Plan Unit (Details) - Series C LTIP Units	6 Months Ended
	Jun. 30, 2022 $ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-average grant date fair value	$ 7.72
Expected term	3 years
Expected volatility	34.60%
Risk-free interest rate	1.80%

Share-Based Compensation - Su_2

Share-Based Compensation - Summary of Changes in Nonvested Restricted Stock Awards (Details) - Restricted Stock	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares, Nonvested, beginning | shares	95,292
Number of shares, Granted | shares	560,594
Number of shares, Vested | shares	(62,692)
Number of shares, Nonvested, ending | shares	593,194
Weighted-Average Grant-Date Fair Value, beginning | $ / shares	$ 10.93
Weighted-Average Grant-Date Fair Value, Granted | $ / shares	12.51
Weighted-Average Grant-Date Fair Value, Vested | $ / shares	(12.54)
Weighted-Average Grant-Date Fair Value, ending | $ / shares	$ 12.25

Share-Based Compensation - We_2

Share-Based Compensation - Weighted Average Grant Date Fair Values for each Market Condition Performance (Details) - Market Condition Restricted Awards	6 Months Ended
	Jun. 30, 2022 $ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-Average Grant-Date Fair Value, Granted	$ 7.72
Expected term	3 years
Expected volatility	34.60%
Risk-free interest rate	1.80%

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Changes in Number of Common Shares Underlying Options (Details) - Share-Based Payment Arrangement, Option - $ / shares	6 Months Ended
	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares Outstanding beginning balance	3,989,100
Shares granted	330,000
Shares exercised	(33,285)
Shares forfeited	(64,900)
Shares outstanding ending balance	4,220,915
Shares exercisable	1,232,015
Weighted-average exercise price outstanding beginning balance	$ 10.32
Weighted-average exercise price granted	13.32
Weighted-average exercise price exercised	7.82
Weighted-average exercise price forfeited	12.23
Weighted-average exercise price outstanding ending balance	10.54
Weighted-average exercise price exercisable	$ 8.81

Share-Based Compensation - We_3

Share-Based Compensation - Weighted Average Grant Date Fair Values for Employee Stock Options Granted (Details) - Share-Based Payment Arrangement, Option	6 Months Ended
	Jun. 30, 2022 $ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant date fair value, per share	$ 4.14
Expected term	6 years 6 months
Expected volatility	26.40%
Risk-free interest rate	1.90%

Basic and Diluted Income (Los_3

Basic and Diluted Income (Loss) per Common Share - Computation of Basic and Diluted Net Loss per Common Share Using Two-class Method (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net income (loss) attributable to stockholders	$ 22,167	$ (34,522)	$ 17,730	$ (42,101)
Stock dividend payment to holders of Series A Founders Preferred Stock	(40,832)		(40,832)	(31,391)
Net loss attributable to common stockholders	$ (18,665)	$ (34,522)	$ (23,102)	$ (73,492)
Denominator:
Weighted average common shares outstanding - basic	93,506,412	68,724,275	92,809,563	64,127,528
Weighted average common shares outstanding - diluted	93,506,412	68,724,275	92,809,563	64,127,528
Basic loss per common share	$ (0.20)	$ (0.50)	$ (0.25)	$ (1.15)
Diluted loss per common share	$ (0.20)	$ (0.50)	$ (0.25)	$ (1.15)

Basic and Diluted Income (Los_4

Basic and Diluted Income (Loss) per Common Share - Summary of Potentially Dilutive Securities Excluded From Computation of Diluted Weighted Average Shares Outstanding (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Series A Founder Preferred Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted weighted average shares outstanding	1,600,000	1,600,000	1,600,000	1,600,000
Warrants
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted weighted average shares outstanding		16,674,700		16,674,700
Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted weighted average shares outstanding	4,220,915	3,392,400	4,220,915	3,392,400
Restricted Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted weighted average shares outstanding	593,194	95,292	593,194	95,292
LTIP Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted weighted average shares outstanding	7,831,953	6,786,033	7,831,953	6,786,033
Convertible Notes
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted weighted average shares outstanding	11,693,192		11,693,192