Uniti Group (UNIT) came out with quarterly funds from operations (FFO) of $0.35 per share, beating the Zacks Consensus Estimate of $0.33 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 6.06%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.34 per share when it actually produced FFO of $0.33, delivering a surprise of -2.94%.Over the last four quarter ...

Fourth Quarter and Full Year 2024 Financial Results Conference Call Presentation February 21, 2025 Together, Building the Future Cautionary Statement No Offer or Solicitation This communication and the information contained in it are provided for information purposes only and are not intended to be and shall not constitute a solicitation of any vote or approval, or an offer to sell or solicitation of an offer to buy, or an invitation or recommendation to subscribe for, acquire or buy securities of Uniti, Wi ...

Exhibit 99.1 Press Release Release date: February 21, 2025 Uniti Group Inc. Reports Fourth Quarter and Full Year 2024 Results Recently Completed Landmark ABS Financing Provides Attractive Alternative Source of Capital While Further Strengthening Uniti's Balance Sheet Provides Initial 2025 Outlook · Net Income of $21.6 Million and $93.4 Million for the Fourth Quarter and Full Year, Respectively · Net Income of $0.09 and $0.38 Per Diluted Common Share for the Fourth Quarter and Full Year, Respectively · AFFO ...

Core Insights - Uniti Group Inc. reported a transformational year in 2024, highlighted by a merger announcement with Windstream, significant growth in business segments, and efforts to strengthen its balance sheet [3][4] - The company achieved a 5% growth in core recurring strategic fiber revenue compared to 2023, with consolidated bookings increasing by 40% in Q4 2024 [3] - Uniti completed a landmark ABS financing transaction, raising $589 million, which will be used to enhance capital structure and redeem expensive debt [4][12] Financial Performance - For Q4 2024, Uniti's consolidated revenues were $293.3 million, with net income of $21.6 million and Adjusted EBITDA of $239.5 million, resulting in an Adjusted EBITDA margin of approximately 82% [5][10] - For the full year 2024, consolidated revenues reached $1.2 billion, with net income of $93.4 million and Adjusted EBITDA of $940.1 million [8][10] - Uniti Fiber generated $71.7 million in revenues and $31.1 million in Adjusted EBITDA for Q4 2024, while Uniti Leasing contributed $221.7 million in revenues and $214.5 million in Adjusted EBITDA [6] Capital Expenditures and Debt Management - Combined gross capital expenditures for Uniti Fiber and Uniti Leasing were $24.3 million in Q4 2024, offset by $23.6 million in upfront customer payments, resulting in net success-based capex of $0.7 million [7] - The company utilized proceeds from the ABS financing to repay and terminate its existing ABS bridge facility and redeem $125 million of senior secured notes due 2028 [13] 2025 Outlook - Uniti's consolidated outlook for 2025 estimates revenues between $1.196 billion and $1.216 billion, with net income attributable to common shareholders projected between $95 million and $115 million [15] - Adjusted EBITDA for 2025 is expected to range from $966 million to $986 million, with interest expenses estimated at $532 million [15] Balance Sheet and Liquidity - As of year-end 2024, Uniti had approximately $655.6 million in unrestricted cash and cash equivalents, with a leverage ratio of 5.80x based on net debt to annualized Adjusted EBITDA [14] - The total assets of Uniti increased to $5.282 billion in 2024, compared to $5.025 billion in 2023, reflecting growth in property, plant, and equipment [31]

Core Points - Uniti Group Inc. will present at the J.P. Morgan 2025 Global Leveraged Finance Conference on February 24, 2025, at 9:30 AM EST in Miami, FL [1] - The presentation will not be webcast, but investor materials will be available on Uniti's Investor Relations website [2] 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, owning approximately 144,000 fiber route miles and 8.7 million fiber strand miles as of September 30, 2024 [3]

Core Viewpoint - Uniti Group Inc. has successfully completed a $589 million fiber securitization notes offering, which will be used to strengthen its balance sheet and lower its cost of capital [5]. Group 1: Securitization Notes Offering - The offering consists of $426 million in 5.9% Series 2025-1 Class A-2 term notes, $65 million in 6.4% Series 2025-1 Class B term notes, and $98 million in 9.0% Series 2025-1 Class C term notes, with an anticipated repayment date in April 2030 [1]. - The Series 2025-1 Term Notes have a weighted average yield of approximately 6.5% and are secured by fiber network assets and related customer contracts in Florida and the Gulf Coast region [1]. Group 2: Use of Proceeds - A portion of the net proceeds will be used to repay and terminate the existing ABS bridge facility, while the remainder will fund the partial redemption of $125 million of 10.50% senior secured notes due 2028 [3]. - The company issued a notice of redemption for $125 million of its outstanding 2028 Notes, which will be redeemed on February 14, 2025, at a price of 103% of the principal amount plus accrued interest [4]. Group 3: Company Overview - Uniti Group Inc. is an internally managed real estate investment trust engaged in the acquisition and construction of critical communications infrastructure, owning approximately 144,000 fiber route miles and 8.7 million fiber strand miles across the United States as of September 30, 2024 [7].

Core Insights - The author emphasizes a long-term investment approach, focusing on owning stocks for years rather than short-term price predictions [1] - The investment strategy has evolved to a simplified "Buy or Don't Buy" framework, moving away from issuing Sell ratings [1] Group 1 - The author began investing in 2020 as a value investor, aiming to understand business fundamentals and acquire shares at attractive prices [1] - From May 2022 to May 2023, the author worked as an investment advisory representative at Fidelity Investments [1] - The current self-employed status allows for a more personal investment philosophy, treating articles as letters to a future self for continuous improvement [1] Group 2 - As of March 2024, the author has not issued a Strong Buy rating for any security, indicating a cautious approach to investment recommendations [1] - The articles will primarily focus on Buy or Hold recommendations moving forward, reflecting a shift in the author's investment philosophy [1]

Company Announcement - Uniti Group Inc. will report its fourth quarter and full year 2024 financial results on February 21, 2025, before the market opens [1] - A conference call to discuss the earnings will take place on the same day at 8:30 AM Eastern Time [1] Conference Call Details - The conference call will be available via live webcast on Uniti's Investor Relations website [2] - Interested parties can register for telephone participation on the Investor Relations website [2] - A replay of the call will also be accessible on the Investor Relations website [2] 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 September 30, 2024, Uniti owns approximately 144,000 fiber route miles and 8.7 million fiber strand miles across the United States [3]

Core Points - Uniti Group Inc. announced the tax treatment of its 2024 distributions, detailing the federal income tax implications for its common shares [1] - The total distribution per share for 2024 is $0.4500, with ordinary dividends accounting for $0.3882 and capital gains of $0.0378 [1] - The company is a real estate investment trust focused on mission-critical communications infrastructure, owning approximately 144,000 fiber route miles and 8.7 million fiber strand miles as of September 30, 2024 [2] Distribution Details - For the record date of December 15, 2023, the payment date is January 4, 2024, with a distribution of $0.1500 per share, including $0.1294 as ordinary dividend and $0.0126 as capital gain [1] - Similar distributions of $0.1500 per share are scheduled for March 28, 2024, and June 14, 2024, with the same breakdown of ordinary dividends and capital gains [1] - Each distribution includes $0.0273 treated as Section 897 Ordinary Dividends and $0.0126 as Section 897 Capital Gains, which will be reported on Form 1099-DIV [1] Company Overview - Uniti is engaged in the acquisition and construction of communications infrastructure and is a leading provider of fiber and wireless solutions [2] - The company operates throughout the United States, focusing on expanding its fiber network and other communications real estate [2]

Core Viewpoint - Uniti Group Inc. has secured a 20-year contract to construct over 130 route miles of fiber and conduit systems connecting Montgomery, AL, to Cuba, AL, indicating strong demand for its infrastructure solutions in the hyperscale market [1][3]. Group 1: Contract Details - The new infrastructure will connect key data center locations and provide diverse paths to existing north-south long-haul routes, enhancing Uniti's service offerings [2]. - The contract was executed in Q4 2024, with plans to deliver the fiber routes to the customer by 2026 [3]. Group 2: Market Demand - The company is experiencing momentum in the hyperscale space, with customers increasingly seeking multiple fiber paths for network redundancy [3]. - The contract reflects the ongoing strong demand for customized infrastructure solutions within the hyperscale sector [3]. Group 3: Company Overview - Uniti is an internally managed real estate investment trust focused on acquiring and constructing critical communications infrastructure, owning approximately 144,000 fiber route miles and 8.7 million fiber strand miles as of September 30, 2024 [8].