Uniti Group Inc Stock Price, News & Analysis

Uniti Group (Nasdaq: UNIT) has announced its participation in the upcoming Morgan Stanley 2025 Technology, Media & Telecom Conference. Kenny Gunderman, President and Chief Executive Officer, will deliver a presentation on March 4, 2025 at 8:30 AM PST / 11:30 AM EST in San Francisco, CA.

Investors and interested parties can access a live webcast of the presentation through Uniti's Investor Relations website at investor.uniti.com. A replay of the webcast will be available for a time after the event.

Uniti Group (UNIT) reported its Q4 and full-year 2024 results, with net income of $21.6M for Q4 and $93.4M for the full year. The company achieved Q4 revenues of $293.3M and full-year revenues of $1.2B. Earnings per diluted share were $0.09 in Q4 and $0.38 for the full year, while AFFO per diluted share reached $0.35 and $1.35 respectively.

The company highlighted a 5% growth in core recurring strategic fiber revenue compared to 2023, with Q4 consolidated bookings up 40% year-over-year. Uniti recently completed a $589M fiber securitization notes offering with a weighted average yield of ~6.5%. The company maintains a strong liquidity position with $655.6M in unrestricted cash and available credit, while its leverage ratio stands at 5.80x based on net debt to Q4 2024 annualized Adjusted EBITDA.

Uniti Group (Nasdaq: UNIT) has announced its participation in the J.P. Morgan 2025 Global Leveraged Finance Conference. The company will be represented by Paul Bullington, Senior Vice President, Chief Financial Officer and Treasurer, and Bill DiTullio, Senior Vice President of Investor Relations & Treasury.

The presentation is scheduled for February 24, 2025, at 9:30 AM EST in Miami, FL. While the presentation will not be available via webcast, investors can access related materials through Uniti's Investor Relations website at investor.uniti.com under the Investors tab.

Uniti Group (Nasdaq: UNIT) has completed a $589 million fiber securitization notes offering through its subsidiaries. The offering consists of three series of notes due in April 2030: $426 million at 5.9%, $65 million at 6.4%, and $98 million at 9.0%, with a weighted average yield of 6.5%.

The notes are secured by fiber network assets and customer contracts in Florida and the Gulf Coast region (Louisiana, Mississippi, and Alabama). The company will use the proceeds to repay its existing ABS bridge facility and partially redeem $125 million of its 10.50% senior secured notes due 2028 at a redemption price of 103% plus accrued interest on February 14, 2025.

According to CFO Paul Bullington, this landmark transaction represents the first true enterprise fiber securitization and demonstrates Uniti's efforts to strengthen its balance sheet and reduce capital costs.

Uniti Group (Nasdaq: UNIT) has announced it will release its fourth quarter and full year 2024 financial results before the Nasdaq Stock Exchange opens on February 21, 2025. The company will host a conference call to discuss the earnings at 8:30 AM Eastern Time on the same day.

Interested parties can participate via telephone by registering through the company's Investor Relations website. The conference call will be webcast live, and a replay will be available on the investor relations platform.

Uniti Group (Nasdaq: UNIT) has released its tax reporting information for 2024 distributions. The company paid three quarterly distributions of $0.15 per share, totaling $0.45 per share for the year. The distributions are broken down as follows:

- $0.3882 per share as Ordinary Dividend (non-qualified dividend income)
- $0.0378 per share as Capital Gain Distribution
- $0.0240 per share as Nondividend Distribution

Additionally, $0.0273 of each distribution is classified as Section 897 Ordinary Dividends, and $0.0126 as Section 897 Capital Gains. The Ordinary Dividend portion qualifies as Section 199A Dividends.

Uniti Group (Nasdaq: UNIT) has secured a new 20-year long-haul fiber and conduit contract with an existing strategic hyperscale customer. The project involves constructing over 130 route miles of new multi-conduit systems and high-strand count fiber cables, connecting Montgomery, AL to Cuba, AL.

The infrastructure will link key data center locations and provide a diverse path to other north-south, long-haul routes, terminating just east of Meridian, MS. The contract, executed in Q4 2024, is scheduled for delivery in 2026. This development reflects growing demand from hyperscale customers seeking multiple fiber paths for network redundancy in strategic data center locations.

Uniti Group (Nasdaq: UNIT) announced the pricing of $589 million in secured fiber network revenue term notes through its subsidiaries. The offering consists of:

- $426 million at 5.9% (Class A-2)
- $65 million at 6.4% (Class B)
- $98 million at 9.0% (Class C)

The notes, with a weighted average yield of 6.5%, will mature in April 2030 and will be secured by fiber network assets and customer contracts in Florida, Louisiana, Mississippi, and Alabama. The offering is expected to close on February 3, 2025. Proceeds will be used to repay the existing ABS bridge facility and for general corporate purposes, including success-based capital investments and debt repayment.

Uniti Group (Nasdaq: UNIT) announced that its subsidiaries, Uniti Fiber ABS Issuer and Uniti Fiber TRS Issuer , have launched an offering of $589 million in secured fiber network revenue term notes. The Notes, due for repayment in April 2030, will be secured by fiber network assets and related customer contracts in Florida and the Gulf Coast region (Louisiana, Mississippi, and Alabama).

The proceeds will be used to repay and terminate the existing ABS bridge facility and for general corporate purposes, including potential success-based capital investments and debt repayment. The Notes will be offered exclusively to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, without registration under the Securities Act of 1933.