Core Insights - Uniti Group Inc. is scheduled to present at the Deutsche Bank 32nd Annual Leveraged Finance Conference on September 24, 2024 [1] - The presentation will feature key executives including the Senior Vice President and CFO, Paul Bullington, and the Vice President of Investor Relations & Treasury, Bill DiTullio [1] Company Overview - Uniti is an internally managed real estate investment trust focused on acquiring and constructing mission-critical communications infrastructure [3] - The company is a leading provider of fiber and wireless solutions for the communications industry [3] - As of June 30, 2024, Uniti owns approximately 142,000 fiber route miles and 8.6 million fiber strand miles across the United States [3]

LITTLE ROCK, Ark., Aug. 21, 2024 (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 & Treasury, Bill DiTullio, are scheduled to participate at the Citi 2024 Global TMT Conference on September 5, 2024 in New York, NY. Any investor materials will be made available on Uniti's Investor Relations website at investor.uniti.com under the Events & Presentations ta ...

Core Viewpoint - Uniti Group is viewed positively due to its upcoming merger with Windstream, which is expected to enhance its market position and financial performance, despite current challenges [1][2][14] Financial Performance - For Q2 2024, Uniti Group reported revenue of $294.9 million, a 3.9% increase from $283.7 million in Q2 2023 [3] - Leasing revenue increased by 3% year-over-year from $210.3 million to $216.6 million, while Uniti Fiber revenue grew by 10.8% from $57.7 million to $64 million [4] - Net income decreased from $25.3 million in Q2 2023 to $17.6 million in Q2 2024, attributed to rising interest expenses and increased operational costs [4][5] Customer Base and Network Expansion - Uniti Group had 29,031 customer connections in Q2 2024, reflecting a 3.8% increase from 27,965 in the previous year [4] - The company operates 8.3 million fiber strand miles, with a smaller copper network of 231,000 strand miles [4] Guidance and Future Projections - Management projects 2024 revenue to be around $1.16 billion, with net profits expected at approximately $108 million, lower than previous estimates [6] - The company aims to grow EBITDA for the combined entity to $2 billion by 2028, up from $1.7 billion in 2023 [9] Valuation and Market Position - Uniti Group shares are considered undervalued based on various financial metrics, with a significant disparity in EV to EBITDA multiples due to high net debt of $5.66 billion [7] - The pro forma market capitalization is estimated at $1.79 billion, with potential annualized upside ranging from 18.3% to 57.6% over the next several years [13] Investment Sentiment - The overall sentiment towards Uniti Group is bullish, with expectations of significant upside potential even under conservative assumptions [14]

Uniti Group (UNIT) reported $294.95 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 4%. EPS of $0.34 for the same period compares to $0.11 a year ago. The reported revenue represents a surprise of +1.92% over the Zacks Consensus Estimate of $289.4 million. With the consensus EPS estimate being $0.36, the EPS surprise was -5.56%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Uniti Group (UNIT) came out with quarterly funds from operations (FFO) of $0.34 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.34 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of -5.56%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.35 per share when it actually produced FFO of $0.32, delivering a surprise of -8.57%. Over the last four quar ...

Second Quarter Consolidated Bookings Monthly Recurring Revenue of $1.1 Million Increased Approximately 50% From Prior Year Updates 2024 Outlook Net Income of $18.3 Million for the Second Quarter Net Income of $0.07 Per Diluted Common Share for the Second Quarter AFFO of $0.34 Per Diluted Common Share for the Second Quarter LITTLE ROCK, Ark., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti" or the "Company") (Nasdaq: UNIT) today announced its results for the second quarter 2024. "Uniti reported an ...

Company Overview - Uniti Group Inc. is an internally managed real estate investment trust focused on acquiring and constructing mission-critical communications infrastructure [3] - The company is a leading provider of fiber and wireless solutions for the communications industry [3] - As of March 31, 2024, Uniti owns approximately 141,000 fiber route miles and 8.5 million fiber strand miles across the United States [3] Upcoming Event - Kenny Gunderman, President and CEO of Uniti, is scheduled to present at the TD Cowen 10th Annual Communications Infrastructure Summit on August 13, 2024 [1] - The presentation will take place at 2:55 PM MDT / 4:55 PM EDT in Boulder, CO [1] - A live webcast of the event will be available on Uniti's Investor Relations website, with a replay option for a limited time [2]

Core Viewpoint - Uniti Group (UNIT) is expected to report quarterly earnings of $0.36 per share, reflecting a 5.9% increase year over year, with revenues projected at $289.4 million, a 2% year-over-year increase [1]. Group 1: Earnings and Revenue Estimates - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating a reassessment of projections by covering analysts [5]. - Analysts project 'Revenues- Uniti Fiber' to reach $70.61 million, showing a year-over-year decrease of 0.9% [4]. - 'Revenues- Uniti Leasing' is estimated to be $218.28 million, representing a 2.7% increase from the prior-year quarter [7]. Group 2: Depreciation and Amortization - The average prediction for 'Depreciation and amortization' is set at $78.82 million, compared to $77.27 million reported in the same quarter of the previous year [8]. Group 3: Stock Performance - Uniti shares have experienced a return of +28.8% over the past month, significantly outperforming the Zacks S&P 500 composite, which saw a change of +0.1% [9].

Core Viewpoint - The article discusses the recent upgrade of Uniti Group Inc (UNIT) stock from a "Sell" to a "Hold" rating, highlighting the potential for recovery despite ongoing challenges, particularly related to its merger with Windstream and the implications of losing its REIT status [6][10][12]. Financial Performance - Uniti Group Inc's market capitalization is currently approximately $665.51 million, while its enterprise value stands at around $6.285 billion [5]. - The stock is trading 44% below its 200-day moving average, indicating significant undervaluation relative to historical performance [12]. - Since its spin-off from Windstream in 2016, the enterprise value has remained relatively stable around $6.5 billion, but the market capitalization has drastically decreased from near $5 billion to its current level [13][14]. Investment Strategy - For investors considering a bullish position, the article suggests focusing on bonds rather than equity, particularly secured bonds maturing in 2028 with yields around 10.4% to 10.5% [16][17]. - The unsecured bonds maturing in 2030 offer a higher yield, approximately 17%, making them a more attractive option for those who believe in the long-term value of Uniti's fiber assets [18]. Market Context - The article notes that the general consensus among analysts is that revenue declines for Windstream are expected to continue at around 3% before stabilizing as the company shifts its focus away from enterprise revenues [6]. - The potential tax implications of Uniti moving out of its REIT status could further complicate value creation, as it may lead to a reduction in dividends [6][10].

LITTLE ROCK, Ark., July 01, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti") (NASDAQ:UNIT) announced today that it will report its second quarter 2024 financial results prior to the opening of trading on the Nasdaq Stock Exchange on August 1, 2024. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time. ABOUT UNITI INVESTOR AND MEDIA CONTACTS: Bill DiTullio, 501-850-0872 Vice President, Investor Relations & Treasury bill.ditullio@uniti.com The conference call will b ...