Uniti Group: High Yield Comes With Too Much Debt [Seeking Alpha]
Uniti Group Inc. (UNIT)
Last uniti group inc. earnings: 3/12 04:05 pm
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US:NASDAQ Investor Relations:
investor.uniti.com
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Source: Seeking Alpha
The majority of Uniti's revenues come from its leasing segment, with a significant portion derived from its contract with Windstream. Uniti's debt exceeds the reported value of its assets, posing risks to shareholders in the event of a crisis. I was intrigued to see Uniti Group ( NASDAQ: UNIT ), a REIT yielding around 9%. As always, one has to wonder if there's something going wrong or if the market is mistaken. Despite the high yield, the market rallied on the shares after Q4 earnings came out. Is it a sign of improving prospects? After looking at this business, however, it seemed to me that there were many challenges, some of which stretch back to its origins. While there may be potential, I ultimately decided it's much safer to treat this as a SELL and look elsewhere. Let's go over why. Business Model and Structure As a REIT, Uniti primarily earns income from its leased properties. In their case, these are mostly properties that play a role in the communications industry
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News
- Uniti (UNIT) Surges 8.8%: Is This an Indication of Further Gains? [Yahoo! Finance]Yahoo! Finance
- Uniti Group Inc. To Report First Quarter 2024 Financial Results and Host Conference CallGlobeNewswire
- Uniti Group Inc. Releases 2023 Environmental, Social and Governance ReportGlobeNewswire
- Uniti Announces Network Expansion in Huntsville Through Large Hyperscaler Contract AwardGlobeNewswire
- Uniti Group Inc. (NASDAQ: UNIT) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $5.50 price target on the stock.MarketBeat
UNIT
Earnings
- 2/29/24 - Beat
UNIT
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- UNIT's page on the SEC website