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 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Uniti Group reports robust Q4 performance and strategic growth outlook

Uniti Group's Q4 2022 earnings call highlighted strong financial performance, strategic focus on fiber infrastructure, and successful refinancing. Despite challenges from potential competition and lease renewal discussions, Uniti remains optimistic about growth prospects, aiming for free cash flow positivity by 2026.

Uniti Group reports robust Q1 performance and eyes M&A growth

Uniti Group's Q1 performance showcases revenue growth and strategic focus on expanding fiber infrastructure. Despite challenges related to Sprint's tower decommissioning program, the company remains well-positioned with stable revenue streams and growth opportunities through M&A.

Uniti Group maintains solid performance, eyes M&A for growth

Uniti Group's Q2 performance reflects stability and growth potential in core operations and network expansion.
Strategic focus on regional markets and wholesale revenue provides resilience and growth opportunities.
Challenges lie in managing current economic conditions and balancing growth initiatives with financial stability.
Opportunities abound in achieving free cash flow positivity, M&A diversification, and revenue optimization strategies.

Uniti Group reports solid Q3 performance and explores strategic expansion

Uniti Group's Q3 performance reflects steady growth in core recurring revenue and a disciplined approach to regional expansion. The company is well-positioned to capitalize on the increasing demand for fiber and is actively exploring strategic opportunities for network expansion and financial optimization.

Uniti Group strengthens fiber focus with strategic financing decisions

Uniti Group's Q4 2023 earnings call highlighted strategic refinancing, asset sales, and a focus on fiber projects for growth. Strong industry position with a disciplined approach to revenue generation and network expansion.

Uniti Group announces transformative merger with Windstream, enhancing fiber capabilities

Uniti Group's merger with Windstream marks a significant step towards becoming a premier fiber provider, with operational synergies and financial benefits.
While facing regulatory approval challenges and investor sentiment impacts, the company aims to leverage the merger for strategic growth and enhanced market positioning.
The focus on expanding fiber builds, capitalizing on market opportunities, and driving operational efficiencies underscores Uniti's commitment to long-term value creation.
Overall, Uniti's strategic initiatives post-merger position the company well for future growth and competitive advantage in the evolving fiber infrastructure landscape.

Uniti Group reports solid Q2 performance and eyes merger synergies

Uniti Group's Q2 performance reflects stability, growth, and operational efficiency, positioning the company well for the future.
Strategic strengths in core fiber business, pending merger with Windstream, and focus on financial health offer long-term value.
Challenges in wireless bookings, analyst inquiries, and merger integration require proactive management and clear communication.
Opportunities in hyperscaler bookings, revenue diversification, and merger synergies present avenues for sustained growth and market expansion.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Uniti Group, Inc. is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network. The Uniti Fiber segment includes the operation of infrastructure solutions, cell site backhauls, and dark fiber. The Corporate segment consists of office and shared service functions. The company was founded in February 2014 and is headquartered in Little Rock, AR.

Successfully Refinanced Revolving Credit Facility

Uniti Group Inc. Provides 2021 Outlook and Reports Preliminary Fourth Quarter and Full Year 2020 Results

Anworth Mortgage Asset

Bluerock Residential Growth REIT

Ready Capital Corp

Spirit Realty Capital

Rates on 10-Year Treasuries are up 44 basis points since December. COVID stimulus is expected to juice 2021 GDP.

Rapidly Rising Rates Spur Further REIT Recapitalization

LITTLE ROCK, Ark., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its fourth quarter and year end 2020 financial results after the close of trading on the Nasdaq Stock Exchange on March 1, 2021. A conference call to discuss those earnings will be held the same day at 4:15 PM Eastern Time.

Uniti Group Inc. To Report Fourth Quarter and Year End 2020 Financial Results and Host Conference Call

LITTLE ROCK, Ark., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company” or “Uniti”) (Nasdaq: UNIT) today announced the successful completion of its previously announced private offering of $1.11 billion aggregate principal amount of 6.50% senior notes due 2029 (the “New Notes”) by its subsidiaries, Uniti Group LP, Uniti Group Finance 2019 Inc. and CSL Capital, LLC (collectively, the “Issuers” and, together with the Company, “us” or “we”) and the early settlement election exercised by the Issuers of their previously announced cash tender offer (the “Offer”) to purchase any and all of the Issuers' outstanding 8.25% Senior Notes due 2023 (the “Existing Notes”) and the related solicitation of consents (the “Consent Solicitation”) to certain proposed amendments to the indenture governing the Existing Notes (the “Existing Notes Indenture”) to eliminate substantially all of the restrictive covenants and certain events of default (the “Proposed Amendments”). The Offer is being made pursuant to an Offer to Purchase and Consent Solicitation Statement dated January 19, 2021 (as amended as of the date hereof, the “Statement”), which more fully sets out the terms of the Offer and Consent Solicitation.

Uniti Group Inc. Announces Completion of Notes Offering and Early Settlement of Consent Solicitation and Cash Tender Offer for Any and All of its Outstanding 8.25% Senior Notes Due 2023

LITTLE ROCK, Ark., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today the tax treatment of its 2020 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 2020 Distributions

LITTLE ROCK, Ark., Jan. 19, 2021 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Uniti Group Inc. (Nasdaq: UNIT) please note that at the end of the first paragraph of the release, the year should read 2021, not 2020 as previously stated. The corrected release follows:

CORRECTION - Uniti Group Inc. Announces Pricing and Upsizing of Senior Notes Offering

LITTLE ROCK, Ark., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company” or “Uniti”) (Nasdaq: UNIT) today announced that its subsidiaries, Uniti Group LP, Uniti Group Finance 2019 Inc. and CSL Capital, LLC (collectively, the “Issuers” and, together with the Company, “us” or “we”), have amended the terms of the Issuers' previously announced cash tender offer (the “Offer”) for the Issuers' outstanding 8.25% Senior Notes due 2023 (the “Notes”) to remove the tender cap of $750 million (the “Aggregate Maximum Tender Cap”), which represented the maximum aggregate purchase price of the Notes to be accepted for purchase under the Offer. As a result, the Offer now extends to any and all Notes outstanding.

Uniti Group Inc. Announces Amendments to its Previously Announced Cash Tender Offer and Solicitation of Consents Relating to its 8.25% Senior Notes due 2023

LITTLE ROCK, Ark., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company”, “Uniti”, or “we”) (Nasdaq: UNIT) today announced that its subsidiaries, Uniti Group LP, Uniti Group Finance 2019 Inc. and CSL Capital, LLC (together, the “Issuers”), have priced their offering of $1,110 million aggregate principal amount of 6.50% senior notes due 2029 (the “new notes”), which represents an increase of $360 million from the previously announced offering size of $750 million. 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 each of its subsidiaries (other than the Issuers) that guarantees indebtedness under the Company's senior secured credit facilities and existing notes. The offering is expected to close on February 2, 2020.

Uniti Group Inc. Announces Pricing and Upsizing of Senior Notes Offering

LITTLE ROCK, Ark., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company” or “Uniti”) (Nasdaq: UNIT) today announced that its subsidiaries, Uniti Group LP, Uniti Group Finance 2019 Inc. and CSL Capital, LLC (collectively, the “Issuers” and, together with the Company, “us” or “we”), have commenced a tender offer to purchase (the “Offer”) for cash, subject to certain terms and conditions, up to $750 million aggregate purchase price (the “Aggregate Maximum Tender Cap”) of the Issuers' outstanding 8.25% Senior Notes due 2023 (the “Notes”).

Uniti Group Inc. Announces Cash Tender Offer and Solicitation of Consents Relating to its 8.25% Senior Notes due 2023

LITTLE ROCK, Ark., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company”, “Uniti”, or “we”) (Nasdaq: UNIT) today announced that its subsidiaries, Uniti Group LP, Uniti Group Finance 2019 Inc. and CSL Capital, LLC (together, the “Issuers”), have commenced an offering of $750 million aggregate principal amount of senior notes due 2029 (the “new notes”). The new notes will be guaranteed on a senior unsecured basis by the Company and each of its subsidiaries (other than the Issuers) that guarantees indebtedness under the Company's senior secured credit facilities and existing notes.

Uniti Group Inc. Announces Private Offering of Senior Notes

Uniti is trading at a value multiple, but it has two large sources of growth coming up. Refinancing of debt could lead to $0.50 per share of accretion to the bottom line annually.

Uniti Group Is Now A Full-Blown Growth Company

American Tower

Crown Castle International

SBA Communications

Tech Trouble? Cell Tower REITs outperformed the REIT Index for the sixth-straight-year in 2020, but have dipped nearly 20% over the last quarter amid the sharp vaccine-driven REIT sector rotation. 5G Is Here. Apple's successful iPhone 12 launch represents the true "arrival" of 5G, the much-anticipated next-generation mobile network will reach its full potential as post-pandemic mobility rates normalize.

Cell Tower REITs: Tech Trouble

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Uniti Group (UNIT) Right Now?

Ellington Financial

Annaly Capital

China Petroleum & Chemical

Top Ranked Income Stocks to Buy for January 5th

LITTLE ROCK, Ark., Dec. 30, 2020 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Executive Vice President, Chief Financial Officer and Treasurer, Mark Wallace, and Vice President, Finance and Investor Relations, Bill DiTullio, are scheduled to participate at the Citi 2021 Global TMT West Conference. The presentation is scheduled for 3:00 PM ET on January 7, 2021.

Uniti Group Inc. to Present at the Citi 2021 Global TMT West Conference

Equinix

Hannon Armstrong Sustainable Infrastructure Capital

Innovative Industrial Properties

PotlatchDeltic

iStar Inc

Taubman Centers

Like dividend stocks? These diverse winning REITs -- focused on marijuana to renewable energy to data centers -- are yielding up to 5.1%.

The 7 Best REIT Stocks of 2020

LITTLE ROCK, Ark., Dec. 10, 2020 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) announced today that it has entered into an amendment to its credit agreement that upsizes commitments from new and existing lenders under its senior secured revolving credit facility to $500 million. Under these commitments, the covenants have been revised to provide Uniti greater flexibility in pursuing its strategic initiatives, and, subject to certain conditions, the maturity date has been extended to December 10, 2024 with substantially improved pricing.

Uniti Group Inc. Announces Refinancing of its Revolving Credit Facility

St. Joe

Redfin

You don't have to be an agent or a landlord to make money in real estate. Get in on these real estate stocks before the end of the year.

7 Real Estate Stocks to Tour Before Year's End

Uniti Group Inc. (UNIT) Presents at Wells Fargo 2020 TMT Summit Conference (Transcript)

LITTLE ROCK, Ark., Nov. 25, 2020 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Executive Vice President, Chief Financial Officer and Treasurer, Mark Wallace, and Vice President, Finance and Investor Relations, Bill DiTullio, are scheduled to participate at the Wells Fargo 2020 TMT Summit. The presentation is scheduled for 10:40 AM ET on December 2, 2020.

Uniti Group Inc. to Present at the Wells Fargo 2020 TMT Summit

Alaska Communications Systems Group, Inc.

Altice USA

Cincinnati Bell

Charter Communications

Consolidated Communications Holdings

Lumen Technologies

Otelco

Shenandoah Telecommunications

Telephone and Data Systems

Earlier this month, Alaska Communications accepted a roughly $300 million all-cash takeover bid from a joint venture of Macquarie Capital and GCM Grosvenor. At $3 per share, that's a massive premium of 60 percent plus to the fiber broadband company's pre-deal trading range.

Telephone And Data Systems: The Next M&A Target

LITTLE ROCK, Ark., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Chief Revenue Officer, Ron Mudry, and Vice President, Finance and Investor Relations, Bill DiTullio, are scheduled to participate at the Bank of America Securities 2020 Leveraged Finance Conference. The presentation is scheduled for 9:00 AM ET on November 30, 2020.

Uniti Group Inc. to Present at the Bank of America Securities 2020 Leveraged Finance Conference

Uniti Group Inc. (UNIT) Kenny Gunderman Presents at NAREIT REITworld 2020 Annual Virtual Conference (Transcript)

Dell Technologies

AT&T

Elliott Management exited AT&T Inc (NYSE: T) in the third quarter of 2020, according to its latest 13F filing. The Paul Singer-founded activist hedge fund sold 5 million AT&T shares in Q3, valued at $151.15 million as of the previous quarter's end.

Activist Investor Elliott Exits AT&T, Buys Uniti, Boosts Dell

The legacy Windstream business is now secured until 2030. Uniti's new business already generates 14% yield.

News for Uniti Group Stock (UNIT)