Uniti Group, Inc.

Symbol: UNIT
CIK: 1620280
Exchange: NASDAQ
Founded: 2014 (5 years)
HQ: Little Rock, AR, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Infrastructure

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See UNIT on SEC.gov

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Overall Score: 5.7

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 8, 2019


Open Price: $6.47
Closing Price: $6.05
Price Change: -0.56 (-8.472%)
Lowest Price: $5.9
Highest Price: $6.5

52-Week Low: $6.05
52-Week High: $20.40
52-Week Change: -69.54%

5 Day Price Change: -4.34%
1 Month Price Change: -8.51%
3 Month Price Change: -22.42%
6 Month Price Change: -40.98%
YTD Price Change: -59.40%
1 Year Price Change: -66.72%
2 Year Price Change: -60.01%
5 Year Price Change: -77.99%

Dividend of Trading Day November 8, 2019


Dividend Yield: 3.306%*
Annualized Dividend: $0.2*
Dividend Yield (TTM): 21.488%
Annualized Dividend (TTM): $1.3
Ex Dividend Date: 2019-12-30
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day November 8, 2019


Total Cash: $38,026,000
Current Debt: $29,763,000
Revenue: $1,015,010,000
Gross Profit: $426,195,000
Total Revenue: $1,015,010,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $792,747,000
Revenue Per Share: $5
Revenue Per Employee: $1,271,942
Employee: 798
Debt to Equity Ratio (D/E): -3.27
Profit Margin: 0.01%
Enterprise Value (EV): $6,032,004,150
Enterprise Value to Revenue (EV/R): 5.94
Price to Sales (P/S): 1.15
Price to Book (P/B): -0.78
Peg Ratio: -0.02
P/E Ratio: 20.65
P/E High: 127.50
P/E Low: 36.88
Forward P/E Ratio: 40.33
Market Capitalization: $1,168,515,150
Beta: 1.19
Latest Volume: 3,827,671.00
Avg. Total Volume: 2,008,117
Avg. 10 Volume: 2,687,655.20
Avg. 30 Volume: 2,008,117.03
TTM EPS: 0.29
TTM Dividend Rate: 1.30
Shares Outstanding: 193,143,000
Float: 175,130,097.53
50-Day Moving Avg.: 7.50
200-Day Moving Avg.: 10.07

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Properties Owned by UNIT


Properties owned:
5900000
Types:
1
States:
30
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
UNIT Sample Property
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Dividend History


Below are the most recent cash dividends paid by UNIT, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 197,317,000 299,394,000 104,684,000 38,026,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 9,357,000 31,043,000
Property, Plant & Equipment Net 3,483,730,000 3,301,663,000 3,271,783,000 0
Goodwill 690,672,000 692,833,000 692,886,000 692,385,000
Intangible Assets 536,654,000 371,407,000 377,475,000 432,821,000
Other Assets 35,301,000 47,366,000 164,289,000 21,308,000
Net Tangible Assets -3,526,927,000 -3,327,606,000 -3,393,655,000 -3,390,828,000
Total Assets 5,031,225,000 4,790,357,000 4,697,306,000 4,592,937,000
Accounts Payable 0 0 0 0
Liabilities (Other) 1,259,069,000 991,739,000 1,050,557,000 1,045,683,000
Current Liabilities (Other) 9,830,000 9,394,000 9,800,000 113,744,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 2,099,000 4,211,000 6,238,000 29,763,000
Long-term Debt 5,063,413,000 5,054,325,000 5,072,551,000 4,871,752,000
Total Liabilities 6,468,064,000 6,192,146,000 6,160,836,000 5,999,632,000
Minority Interest -357,000 830,000 50,000 334,000
Common Stock 192,138,000 18,000 18,000 18,000
Retained Earnings -2,442,378,000 -2,413,326,000 -2,442,564,000 -2,373,218,000
Treasury Stock 0 0 0 0
Capital Surplus 948,382,000 855,425,000 790,347,000 757,517,000
Shareholder Equity -1,521,429,000 -1,489,343,000 -1,555,286,000 -1,499,070,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 264,573,000 295,110,000 263,091,000 271,779,000
Cost of Revenue 141,114,000 142,741,000 142,245,000 150,305,000
Gross Profit 123,459,000 152,369,000 120,846,000 121,474,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 166,381,000 169,169,000 166,471,000 171,636,000
Operating Income 98,192,000 125,941,000 96,620,000 100,143,000
Income Expense Net (Other) -119,714,000 -78,551,000 -90,074,000 -85,673,000
EBIT 98,192,000 125,941,000 96,620,000 100,143,000
Interest Income 105,394,000 99,635,000 86,518,000 83,218,000
Pretax Income -21,522,000 47,390,000 6,546,000 14,470,000
Income Tax -1,745,000 7,843,000 4,054,000 -213,000
Minority Interest -357,000 830,000 50,000 334,000
Net Income -19,470,000 38,494,000 2,414,000 13,747,000
Net Income Basic -19,470,000 38,246,000 1,013,000 12,346,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income -19,470,000 38,494,000 2,414,000 13,747,000
Depreciation 101,166,000 102,578,000 103,827,000 109,439,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -102,077,000 189,936,000 71,432,000 -80,467,000
Cash Flow 311,432,000 61,462,000 188,902,000 72,883,000
Capital Expenditures -84,384,000 -101,020,000 -79,458,000 -126,467,000
Investments 2,905,000 127,524,000 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -394,070,000 26,504,000 -83,668,000 -180,136,000
Dividends Paid -8,914,000 -9,813,000 -110,348,000 -107,978,000
Net Borrowings -6,588,000 151,588,000 66,533,000 92,603,000
Cash Flow Financing -19,439,000 102,167,000 -33,956,000 27,134,000
Financing Cash Flows (Other) -3,937,000 -90,427,000 -11,782,000 -2,509,000
Exchange Rate Effect 0 -197,000 154,000 -348,000

About Uniti Group, Inc.


Uniti Group Inc. (Nasdaq: UNIT), an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. Uniti currently owns 4.8 million fiber strand miles, 468 wireless towers, and other communications real estate throughout the United States and Latin America.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.3
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
1 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.5
Rating AFFO & Efficiency Section Avg. Rating
8 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
9 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
7 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.0
Rating Leverage Section Avg. Rating
3 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
5 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
3 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
3 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
8 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
4 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
5.7 Overall REITRating™ Score 6.7

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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