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

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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.

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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.

LITTLE ROCK, Ark., July 26, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, is scheduled to present at the TD Cowen 9th Annual Communications Infrastructure Summit. The presentation is scheduled for 4:25 PM MDT / 6:25 PM EDT on August 8, 2023 in Boulder, CO.

Uniti Group Inc. to Present at the TD Cowen 9th Annual Communications Infrastructure Summit

LITTLE ROCK, Ark., July 25, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it has signed a long-term contract with a prominent global internet provider, offering long-haul dark fiber connectivity across two key U.S. routes that connects 12 cities across the Midwest and the Southeast, and encompasses over 7,000 fiber strand miles.

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

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Uniti (UNIT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Uniti (UNIT) Moves to Buy: Rationale Behind the Upgrade

LITTLE ROCK, Ark., June 29, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its second quarter 2023 financial results prior to the opening of trading on the Nasdaq Stock Exchange on August 3, 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 Second Quarter 2023 Financial Results and Host Conference Call

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The sector got pounded hard today. The biggest decliners fell over 10%.

REITs Smacked Down

LITTLE ROCK, Ark., May 24, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, is scheduled to present at the Nareit 2023 REITweek Investor Conference. The presentation is scheduled for 10:15 AM EDT on June 7, 2023 in New York, NY.

Uniti Group Inc. to Present at the Nareit 2023 REITweek Investor Conference

Despite impaired financial results in the first quarter of 2023, the company's Board of Directors managed to declare a 1Q 2023 cash dividend of $0.15 per share. Also, for the second quarter of 2023, the Board of Directors declared a cash dividend of $0.15 per share.

Uniti Group: The Trap Of High Dividend Yield

LITTLE ROCK, Ark., May 18, 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, Investor Relations and Treasury, Bill DiTullio, are scheduled to present at the TD Cowen 51st Annual Technology, Media & Telecom Conference. The presentation is scheduled for 9:40 AM EDT on June 1, 2023 in New York, NY.

Uniti Group Inc. to Present at the TD Cowen 51st Annual Technology, Media & Telecom Conference

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REITs are facing an "existential crisis" according to some investors. They claim that REITs will go bankrupt as they fail to refinance their debt.

REITs Will Go Bankrupt? Not So Fast

LITTLE ROCK, Ark., May 11, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) announced today the deployment of a 100G+ MPLS Core that extends throughout the majority of its Southeastern fiber footprint, including Louisiana, Mississippi, Georgia, Alabama and Florida. Uniti's 100G+ MPLS Core offers 10 Gbps Ethernet backhaul to its on-net cell sites, with plans to upgrade more than 2,700 wireless carrier towers over the next three years.

Uniti Launches 100G+ MPLS Core Network to Enhance Capacity and Speed to Market

Uniti owns fiber optic cables and other telecom assets. The REIT's adjusted funds from operations payout ratio in 2022 was a very low 34%.

Why Is Uniti Group's Dividend So High?

Uniti Group Inc. (NASDAQ:UNIT ) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Kenny Gunderman - CEO Paul Bullington - CFO Conference Call Participants Gregory Williams - TD Cowen Simon Flannery - Morgan Stanley Operator Welcome to Uniti Group's First Quarter 2023 Conference Call. My name is Jiji, and I will be your operator for today.

Uniti Group Inc. (UNIT) Q1 2023 Earnings Call Transcript

In a release issued under the same headline earlier today by Uniti Group Inc. (Nasdaq: UNIT) please note that the range for AFFO attributable to common shareholders within the Updated Full Year 2023 Outlook section of the release has been increased to accurately reflect the range that was communicated in our earnings presentation published this morning. The corrected release follows:

CORRECTION – Uniti Group Inc. Reports First Quarter 2023 Results

Uniti Group (UNIT) came out with quarterly funds from operations (FFO) of $0.39 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to FFO of $0.43 per share a year ago.

Uniti Group (UNIT) Q1 FFO and Revenues Top Estimates

Updates 2023 Outlook Net Loss of $19.2 Million or $0.08 Per Diluted Common Share for the First Quarter Due to One-Time Items Revenue and Adjusted EBITDA Grew 4.2% and 2.9% for the First Quarter, Respectively, from the Prior Year First Quarter AFFO Per Diluted Common Share of $0.39 for the First Quarter LITTLE ROCK, Ark., May 04, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) today announced its results for the first quarter 2023.

Uniti Group Inc. Reports First Quarter 2023 Results

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LITTLE ROCK, Ark., April 13, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) announced today the release of its 2022 Environmental, Social and Governance (“ESG”) Report. This report provides an overview of Uniti's ESG-related policies and commitments, as well as highlights important accomplishments achieved in 2022.

Uniti Group Inc. Releases 2022 Environmental, Social and Governance Report

Strengthens Uniti's Presence Within Several Key Southeast Metro Markets Strengthens Uniti's Presence Within Several Key Southeast Metro Markets

Uniti's Strategic Network Densification Generates New Enterprise and Wholesale Opportunities

LITTLE ROCK, Ark., March 30, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its first quarter 2023 financial results prior to the opening of trading on the Nasdaq Stock Exchange on May 4, 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 First Quarter 2023 Financial Results and Host Conference Call

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

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

News for Uniti Group Stock (UNIT)