Uniti Group Inc./$UNIT

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About Uniti Group Inc.

Uniti is a REIT with about 140,000 route miles of fiber in the us, primarily in the Southeast. It has agreed to merge with Windstream, which will result in Uniti giving up its REIT status and adding a consumer telecom business line. Uniti's business currently consists exclusively of fiber leasing to enterprises. Windstream currently leases the Uniti network and makes up the bulk of Uniti's revenue and profits. The combined firm will own 217,000 route miles of fiber and pass 4.3 million households and 150,000 commercial buildings, mostly in less populated markets in the Southeast. The firm will continue to offer fiber access to enterprises, as Uniti currently does, but residential telecom services will become its largest revenue stream.

Ticker

$UNIT

Sector

Communication
Primary listing

Employees

758

Uniti Group Inc. Metrics

BasicAdvanced
$1.4B
25.65
$0.22
1.49
-

Bulls say / Bears say

Uniti received a favorable private letter ruling from the IRS that allows for a step-up in the tax basis of certain assets after the merger, which should deliver substantial depreciation benefits and improve after-tax cash flow (GlobeNewswire).
After the merger closed on August 1, 2025, Uniti moved quickly to combine its and Windstream’s debt into a single structure by August 4, laying the groundwork for a simpler capital structure and the potential to lower its cost of capital (GlobeNewswire).
In Q1 2025, Uniti delivered AFFO of $92.3 million ($0.35 per share) and held $592 million in unrestricted cash and revolver capacity, highlighting strong liquidity and cash flow to support growth plans (Nasdaq).
The merger is a taxable transaction, so Uniti’s stockholders will lose the REIT pass-through tax benefits, which could lead to lower after-tax distributions (GlobeNewswire).
Fitch estimates that the combined company ended 2024 with pro forma net leverage of about 5.6x, and expects leverage to rise into the high-5 times range in 2025, potentially limiting financial flexibility and increasing funding costs (MarketScreener).
Fitch cautions that revenue and EBITDA pressures from Windstream’s legacy businesses, together with higher FTTH capital expenditures, could strain Uniti’s cash flow, making it harder to reduce leverage and realize merger synergies (MarketScreener).
Data summarised monthly by Lightyear AI. Last updated on 5 Oct 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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