UNIT Stock Recent News

Uniti Group owns valuable fiber assets but struggles with high leverage and debt servicing costs. Two pathways for UNIT stock to overcome its debt burden: lease-up of existing fiber capacity and sale of assets or the company. The demand for fiber is increasing due to 5G and AI, creating opportunities for the Company to generate more cash flow and potentially improve its financial situation.

Uniti Group, a REIT, has a high yield of around 9%, but there are many challenges and uncertainties surrounding the company. The majority of Uniti's revenues come from its leasing segment, with a significant portion derived from its contract with Windstream. Uniti's debt exceeds the reported value of its assets, posing risks to shareholders in the event of a crisis.

While the top- and bottom-line numbers for Uniti (UNIT) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Beyond analysts' top -and-bottom-line estimates for Uniti (UNIT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

LITTLE ROCK, Ark., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its fourth quarter and full year 2023 financial results prior to the opening of trading on the Nasdaq Stock Exchange on February 29, 2024. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time.

REITs have crashed and dividend yields have soared. Some REITs yield as much as 10% right now. We highlight two of our favorite 10% yielding opportunities.

UNIT stock outperformed the S&P 500 with a 21.25% return since our last article, but the bonds almost kept up. The REIT's FFO estimates have been trending down, and 2024 looks to be another negative free cash flow year. Only one outcome will improve your odds of not losing money, and we are not too optimistic about that.

Skepticism about buying Uniti Group Inc. due to weak financial footing and lack of growth prospects. High debt risk and potential financial distress pose significant concerns for the company. Ownership structure could be a potential catalyst for volatility, leading to fluctuations in stock price and performance.

Uniti's stock has performed relatively well compared to other REITs, with a small negative total return. Q2-2023 numbers were steady on revenues but AFFO dropped 20%. We dissect out what you need to consider before jumping on the 13.4% yield, and also look at alternatives yielding more.

LITTLE ROCK, Ark., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its third quarter 2023 financial results prior to the opening of trading on the Nasdaq Stock Exchange on November 2, 2023. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time.