UNIT / Uniti: 2023 AFFO Gets Crushed As Interest Expense Racks Up

Skepticism about buying Uniti Group Inc. due to weak financial footing and lack of growth prospects. High debt risk and potential financial distress p more_horizontal

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 A more_horizontal

LITTLE ROCK, Ark., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its third quart more_horizontal

LITTLE ROCK, Ark., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Senior Vice President, Ch more_horizontal

Uniti Group Inc., a REIT specializing in infrastructure for the communications industry, has seen its stock value decrease by 42% over the past year. more_horizontal

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

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 more_horizontal

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%. more_horizontal