Uniti Group

Uniti Group, Inc. is a real estate investment trust company, which is engaged in the acquisition and construction of mission infrastructure in the communications industry. It operates through the following business segments: Leasing, Fiber Infrastructure, Towers, Consumer CLEC, and Corporate. The Leasing segment represents the real estate investment trust operations of the company and includes the results from leasing business, Uniti leasing, which engages in the acquisition of mission-critical communications assets and leasing them to anchor customers on either and exclusive or shared-tenant basis. The Fiber Infrastructure segment refers to the operations of the fiber business of the company, Uniti Fiber, which provides infrastructure solutions, including cell site backhaul and dark fiber, to the telecommunications industry. The Towers segment encompasses Uniti Towers, which acquires and construct tower-related real estate in the United States and Latin America. The Consumer CLEC segment is the operations of Talk America, which provides local telephone, high-speed internet and long distance services to customers in the eastern and central United States. The Corporate segment consists of corporate and back office functions of the company. The company was founded in February 2014 and is headquartered in Little Rock, AR.

Earnings data Q1 2023

Earnings data Q2 2023

LITTLE ROCK, Ark., March 27, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) today announced that it has entered into an amendment to its credit agreement that, upon receipt of routine regulatory approvals, extends the maturity date of each lender's commitment under the Company's senior secured revolving credit facility to September 24, 2027. The amendment also transitions the $500 million revolving credit facility from LIBOR to Term SOFR, and in connection with that change, sets the credit spread adjustment to ten basis points for all interest periods.

Uniti Group Inc. Announces Extension of its Revolving Credit Facility

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In our last piece, we talked about why Uniti common shares were still a poor investment choice. We looked at the bonds as a relatively better bet.

Uniti: 2023 AFFO Gets Crushed As Interest Expense Racks Up

Uniti (UNIT) delivered FFO and revenue surprises of -2.22% and 0.62%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Uniti Group (UNIT) Q4 FFO and Revenues Miss Estimates

Uniti Group Inc. (NASDAQ:UNIT ) Q4 2022 Earnings Conference Call February 24, 2023 8:30 AM ET Company Participants Kenny Gunderman - Chief Executive Officer Paul Bullington - Chief Financial Officer, Senior Vice President & Treasurer Conference Call Participants Bora Lee - RBC David Barden - Bank of America Rob Palmisano - Raymond James Operator Welcome to Uniti Group's Fourth Quarter 2022 Conference Call. My name is Jonathan and I will be your operator for today.

Uniti Group Inc. (UNIT) Q4 2022 Earnings Call Transcript

The following slide deck was published by Uniti Group Inc. in conjunction with their 2022 Q4 earnings call.

Uniti Group Inc. 2022 Q4 - Results - Earnings Call Presentation

Record Consolidated New Bookings and Gross Install Activity for Full Year 2022

Uniti Group Inc. Provides 2023 Outlook and Reports Fourth Quarter and Full Year 2022 Results

LITTLE ROCK, Ark., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Board of Directors declared a quarterly cash dividend of $0.15 per share, payable on April 14, 2023 to stockholders of record on March 31, 2023.

Uniti Group Inc. Declares $0.15 Per Share Quarterly Dividend

LITTLE ROCK, Ark., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, and Vice President, Finance and Investor Relations, Bill DiTullio, are scheduled to present at the J.P. Morgan 2023 Global High Yield and Leveraged Finance Conference. The presentation is scheduled for 9:15 AM EST on March 7, 2023 in Miami, FL.

Uniti Group Inc. to Present at the J.P. Morgan 2023 Global High Yield and Leveraged Finance Conference

LITTLE ROCK, Ark., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, and Vice President, Finance and Investor Relations, Bill DiTullio, are scheduled to present at the Raymond James 44th Annual Institutional Investors Conference. The presentation is scheduled for 11:00 AM EST on March 6, 2023 in Orlando, FL.

Uniti Group Inc. to Present at the Raymond James 44th Annual Institutional Investors Conference

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LITTLE ROCK, Ark., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company,” “Uniti,” or “we”) (Nasdaq: UNIT) today announced that its subsidiaries, Uniti Group LP, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc. and CSL Capital, LLC (together, the “Issuers”), have upsized and priced their offering of $2,600 million aggregate principal amount of 10.50% senior secured notes due 2028 (the “New Notes”), which is an increase of $850 million over the previously announced amount. The New Notes will be issued at an issue price of 100%. The New Notes will be guaranteed on a senior unsecured basis by the Company and on a senior secured basis by each of its subsidiaries (other than the Issuers) that guarantees indebtedness under the Company's senior secured credit facility and the Company's existing secured notes (except initially those subsidiaries that require regulatory approval prior to guaranteeing the New Notes). The New Notes and the subsidiary guarantees will be secured by first-priority liens on substantially all of the assets of the Issuers and the subsidiary guarantors (other than certain excluded assets), which liens also ratably secure the Company's senior secured credit facility and existing secured notes. The offering is expected to close on February 14, 2023.

Uniti Group Inc. Announces Pricing of Upsized Senior Secured Notes Offering and Full Redemption of 7.875% Senior Secured Notes due 2025

LITTLE ROCK, Ark., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company,” “Uniti,” or “we”) (Nasdaq: UNIT) today announced that its subsidiaries, Uniti Group LP, Uniti Fiber Holdings Inc., Uniti Group Finance 2019 Inc. and CSL Capital, LLC (together, the “Issuers”), have commenced an offering of $1,750 million aggregate principal amount of senior secured notes due 2028 (the “New Notes”). The New Notes will be guaranteed on a senior unsecured basis by the Company and on a senior secured basis by each of its subsidiaries (other than the Issuers) that guarantees indebtedness under the Company's senior secured credit facility and the Company's existing secured notes (except initially those subsidiaries that require regulatory approval prior to guaranteeing the New Notes). The New Notes and the subsidiary guarantees will be secured by first-priority liens on substantially all of the assets of the Issuers and the subsidiary guarantors (other than certain excluded assets), which liens also ratably secure the Company's senior secured credit facility and existing secured notes.

Uniti Group Inc. Announces Private Offering of Senior Secured Notes to Redeem a Portion of Outstanding 7.875% Senior Secured Notes due 2025

LITTLE ROCK, Ark., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it has signed a long-term contract with a large global internet provider, offering long-haul dark fiber connectivity to premier data centers located in 12 cities within the Central and Southeastern United States. The routes include El Paso, TX to San Antonio, TX, Indianapolis, IN to Nashville, TN, Nashville, TN to Atlanta, GA, Dallas, TX to Beaumont, TX, Houston, TX to Jacksonville, FL, Tallahassee, FL to Tampa, FL, and Miami, FL to Tampa, FL. The agreement provides scalable and secure transport over a combined 3,100 fiber route miles, connecting several Internet traffic aggregation points and key infrastructure hubs for Uniti's customer.

Uniti Signs Long-Haul Dark Fiber Agreement with Global Internet Provider

LITTLE ROCK, Ark., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today the tax treatment of its 2022 distributions. The following table summarizes the federal income tax treatment of the distributions on its common shares as it is expected to be reported on Form 1099 – DIV.

Uniti Group Inc. Announces Tax Reporting Information for 2022 Distributions

LITTLE ROCK, Ark., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its fourth quarter and full year 2022 financial results prior to the opening of trading on the Nasdaq Stock Exchange on February 24, 2023. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time.

Uniti Group Inc. To Report Fourth Quarter and Full Year 2022 Financial Results and Host Conference Call

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Uniti continues to disappoint investors, and returns have been extremely poor since the spin-off. The underlying value of assets is likely the only thing holding this up even at these levels.

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LITTLE ROCK, Ark., Dec. 21, 2022 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Executive Vice President, Chief Technology Officer, Mike Friloux, and Vice President, Finance and Investor Relations, Bill DiTullio, are scheduled to participate at the Citi 2023 Communications, Media & Entertainment Conference on January 4, 2023 in Scottsdale, AZ.

Uniti Group Inc. to Participate at the Citi 2023 Communications, Media & Entertainment Conference

LITTLE ROCK, Ark., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company”, “Uniti”, or “we”) (Nasdaq: UNIT) today announced that it has priced its previously announced offering of $300 million aggregate principal amount of 7.50% convertible senior notes due 2027 (the “Convertible Notes”).

Uniti Group Inc. Announces Pricing of Convertible Notes Offering

LITTLE ROCK, Ark., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company”, “Uniti”, or “we”) (Nasdaq: UNIT) today announced that it intends to offer, subject to market and other conditions, $300 million aggregate principal amount of convertible senior notes due 2027 (the “Convertible Notes”).

Uniti Group Inc. Announces Launch of Convertible Notes Offering

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LITTLE ROCK, Ark., Nov. 23, 2022 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, and Vice President, Finance and Investor Relations, Bill DiTullio, are scheduled to participate at the BofA Securities 2022 Leveraged Finance Conference. The presentation is scheduled for 8:50 AM EST on November 30, 2022 in Boca Raton, FL.

Uniti Group Inc. to Present at the BofA Securities 2022 Leveraged Finance Conference

Uniti Group Inc.'s new fiber business does not reach the hurdle rate yet. Don't expect a substantial dividend increase: there is no money.

News for Uniti Group Stock (UNIT)