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Stock impact report

Uniti's Upside: Gone With The Wind-Stream [Seeking Alpha]

Uniti Group Inc. (UNIT) 
Last uniti group inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.uniti.com
Company Research Source: Seeking Alpha
Uniti's Upside: Gone With The Wind-Stream Summary Uniti Group reported Q1-2019 results. Windstream dominated the conversation for obvious reasons. But even assuming things work out perfectly, key challenges remain to create a sustainable REIT. When we last covered Uniti Group ( UNIT we recommended Uniti missed consensus estimates for revenues and adjusted funds from operations (AFFO). In connection with the Windstream ( OTCPK:WINMQ Effective January 1, 2019, the Company adopted Accounting Standards Codification 842, Leases has charged-off the straight-line rent receivable the Company will recognize revenue from the master lease on a cash basis - Source: Uniti press release The miss on revenues was directly as a result of moving to this cash basis recognition. Investors can see the impact of this charge off on the carried amounts on Uniti's balance sheet. Investors looking for this write-off will not find it on the income statement though. Instead it can be found in the consolidated st Show less Read more
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