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.

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. 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

ATA Creativity Global

Coterra Energy

Devon Energy

EPR Properties

Hanesbrands

Kinder Morgan

New York Community Bancorp

Verizon

Kilroy Realty

Lincoln National

Macerich

Northwest Bancshares

OUTFRONT Media

Simon Property Group

AT&T

If you are investing in dividend stocks, the last thing you want to see is a company cutting its payout. But sometimes cuts have to be made, and during this period of corporate cost-cutting we may see many dividend cuts.

15 dividend stocks whose 5% to 10% yields appear safe in 2023 and 2024 by this analysis

Curaleaf Holdings, Inc.

Innovative Industrial Properties

NewLake Capital Partners, Inc.

Realty Income Corp

Trulieve Cannabis Corp.

Vanguard Real Estate ETF

Roundhill Cannabis ETF

REITs now offer historically high dividend yields. Some yield nearly 10% following the crash of 2022.

I Am Buying These 9% Yielding REITs

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

American Tower

Crown Castle International

SBA Communications

A closer look at how to invest in infrastructure REITs.

Investing in Infrastructure REITs

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.

Uniti: 14% Yielding Debt A Far Better Option Than The Equity

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

Armada Hoffler Properties

Brandywine Realty

Broadstone Net Lease

CTO Realty Growth

Douglas Emmett

Global Medical REIT

Highwoods Properties

Hudson Pacific Properties

LTC Properties

Medical Properties Trust

National Health Investors

Omega Healthcare Investors

Sabra Health Care

SL Green Realty

Spirit Realty Capital

Income-seeking investors are looking at an opportunity to scoop up shares of real estate investment trusts. Stocks in that asset class have become more attractive as prices have fallen and cash flow is improving.

20 dividend stocks with high yields that have become more attractive right now

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.

Uniti Group: A Low Valuation For Good Reasons

CARY, N.C. , Nov. 15, 2022 /PRNewswire/ -- CTI Towers, Inc. ("CTI Towers"), a leading owner and manager of wireless towers, today announced the acquisition of 180 towers located in 14 states from Uniti Group Inc. ("Uniti") (Nasdaq: UNIT), a real estate investment trust engaged in the acquisition and construction of mission critical communications infrastructure. CTI Towers is a portfolio company of Palistar Capital LP ("Palistar"), an alternative asset manager focused on telecommunications infrastructure investments.

CTI Towers Announces Acquisition of 180 Wireless Towers from Uniti Group

Arch Resources

Boise Cascade

Berry Petroleum Corp.

Crown Crafts

Diamondback Energy

OneMain Hld

The platform's dividend score combines both a company's dividend yield and growth to generate a score out of 100 based on its ranking against peer companies on the screen.

Fintel's Top 10 U.S. Dividend Stocks For November

LITTLE ROCK, Ark., Nov. 07, 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 Nareit's REITworld 2022 Annual Conference on November 16, 2022 in San Francisco, CA.

Uniti Group Inc. to Participate at Nareit's REITworld 2022 Annual Conference

Uniti Group Inc. (NASDAQ:UNIT ) Q3 2022 Earnings Conference Call November 3, 2022 8:30 AM ET Company Participants Kenny Gunderman - President and Chief Executive Officer Paul Bullington - Chief Financial Officer, Treasurer and Senior Vice President Conference Call Participants David Barden - Bank of America Gregory Williams - Cowen Frank Louthan - Raymond James Simon Flannery - Morgan Stanley Michael Rollins - Citi Operator Welcome to Uniti Group's Third Quarter 2022 Conference Call. My name is Gigi and I will be your operator for today.

Uniti Group Inc. (UNIT) Q3 2022 Earnings Call Transcript

Uniti (UNIT) delivered FFO and revenue surprises of 2.38% and 0.26%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Uniti Group (UNIT) Q3 FFO and Revenues Beat Estimates

Uniti Group Inc. Reports Third Quarter 2022 Results

News for Uniti Group Stock (UNIT)