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Uniti Group
(NASDAQ:UNIT)
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Rating:60Neutral
Price Target:
$10.00
▼(-7.58% Downside)
Action:Reiterated
Date:08/03/26
The score is primarily held back by financial risk: extremely high leverage and materially negative free cash flow reduce resilience despite strong recent profitability. Earnings-call data is supportive (raised targets, record fiber bookings, subscriber momentum, and improved debt yields), and valuation appears attractive on P/E, but near-term technical momentum is weak and points to continued price pressure.
Positive Factors
Kinetic network build and subscriber growth
Sustained home pass growth and accelerating net adds expand the recurring consumer revenue base and deepen network scale. Over 2–6 months, more passings and higher penetration raise lifetime customer value, improve operating leverage on incremental builds, and support durable cash flows as footprint densifies.
Negative Factors
Extremely high leverage
Very elevated leverage constrains downside protection and heightens refinancing and covenant risk. Over a multi‑month horizon, high nominal debt loads amplify interest cost sensitivity, limit strategic flexibility, and increase the chance that adverse market moves or asset-value shifts force asset sales or aggressive deleveraging steps.
Read all positive and negative factors
Positive Factors
Negative Factors
Kinetic network build and subscriber growth
Sustained home pass growth and accelerating net adds expand the recurring consumer revenue base and deepen network scale. Over 2–6 months, more passings and higher penetration raise lifetime customer value, improve operating leverage on incremental builds, and support durable cash flows as footprint densifies.
Read all positive factors
Uniti Group Key Performance Indicators (KPIs)
Any
Revenue by Segment
Revenue split across Uniti’s business lines (for example, fiber, legacy DSL, wholesale). Shows which segments drive top-line growth and where the company is exposed to concentration or industry shifts; changes in the mix reveal strategy progress and where future profits are likely to come from.
Revenue split across Uniti’s business lines (for example, fiber, legacy DSL, wholesale). Shows which segments drive top-line growth and where the company is exposed to concentration or industry shifts; changes in the mix reveal strategy progress and where future profits are likely to come from.
Data provided by:
The Fly
The FlyUniti Group (UNIT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.25B
Dividend YieldN/A
Average Volume (3M)2.42M
Price to Earnings (P/E)1.9
Beta (1Y)0.69
Revenue Growth199.70%
EPS Growth2008.88%
CountryUS
Employees8,632
SectorReal Estate
Sector Strength53
IndustryREIT - Specialty
Share Statistics
EPS (TTM)5.02
Shares Outstanding242,725,130
10 Day Avg. Volume1,824,700
30 Day Avg. Volume2,417,016
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)3.48
Price to Sales (P/S)0.59
P/FCF Ratio-2.88
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$10.11Price Target Upside-6.59% Downside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)-1.89
Revenue Forecast (FY)$3.66B
Uniti Group Business Overview & Revenue Model
Company Description
Uniti operates as a self-managed real estate investment trust, primarily focused on acquiring and developing essential communications infrastructure. The company is a key supplier of wireless infrastructure solutions within the broader telecommuni...
How the Company Makes Money
Uniti makes money primarily by monetizing communications infrastructure assets through long-term, contractual arrangements. A key revenue stream is leasing: Uniti owns certain communications-related real estate and network assets and leases them t...
Uniti Group Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and commercial momentum in Uniti's core fiber business: record Fiber Infrastructure bookings (nearly +30% vs prior record), high Waves demand and funnel (~1.3 PB), robust Kinetic net adds and expanded passings (141k new passings, +38k fiber net adds), solid YoY growth in fiber revenues (total fiber +10% YoY; Kinetic consumer fiber +19% YoY) and meaningful improvements in capital structure and yields. Offsetting these positives are continued declines in legacy Uniti Solutions and copper/TDM lines (driving pro forma consolidated revenue and adjusted EBITDA declines of 5% and 10% YoY), near-term ARPU pressure (Q3 ARPU expected down low-single-digits), increased net CapEx (Kinetic +$100M guidance) and timing risk around large wholesale deals that could slip into early 2027. On balance, operational wins, record bookings, strong funnel and improved financial flexibility materially outweigh the legacy declines and timing/ARPU headwinds, supporting a constructive near-to-medium-term outlook for Uniti’s fiber-first strategy.Positive Updates
Record Fiber Infrastructure Bookings
Fiber Infrastructure posted a record quarter of new bookings, exceeding the previous record by almost 30%, with consolidated bookings MRR of approximately $2.2M (highest on record). Waves (lit capacity) were the single biggest product contributing to the record bookings.
Negative Updates
Consolidated Pro Forma Revenue and EBITDA Decline
Pro forma consolidated revenue and adjusted EBITDA were down 5% and 10% year-over-year, respectively, primarily due to continued declines at Uniti Solutions and legacy copper/TDM services.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Fiber Infrastructure Bookings
Fiber Infrastructure posted a record quarter of new bookings, exceeding the previous record by almost 30%, with consolidated bookings MRR of approximately $2.2M (highest on record). Waves (lit capacity) were the single biggest product contributing to the record bookings.
Read all positive updates
Company Guidance
Uniti raised its 2026 operational and financial targets, now expecting 475,000–525,000 new fiber homes constructed in 2026, Kinetic homes passed of 2.33–2.38 million (coverage >50%), 675,000–700,000 fiber subs (603k at quarter end after +38k net adds), and Consumer Fiber revenue of $635–$655 million; at the midpoint combined guidance is Kinetic revenue/contribution margin $2.145B/$905M, Fiber Infrastructure $1.0B/$575M, Uniti Solutions $700M/$320M, consolidated revenue/adjusted EBITDA $3.655B/$1.475B with consolidated net CapEx ≈ $1.525B (Kinetic net CapEx ≈ $1.27B, +$100M; Fiber Infra net CapEx $140M, ≈14% intensity). Q2 operational highlights include Kinetic passing +141k homes (≈2.1M total), 29% fiber penetration (+90 bps YoY), 46% of Kinetic footprint passed, Fiber Infrastructure record bookings MRR ≈ $2.2M (≈30% above prior), >50% of bookings lit/Waves with booking mix ~20% neo-cloud/18% superscaler/10% hyperscaler/6% FTTx, a Waves funnel ~1.3 PB and 96×400G (20T+18T) sold this quarter, blended anchor lease-up cash yields 37%, expected ~$1.5B near-term build revenue with ~$500M of recurring revenue to follow, managed services attach ~6% (16% of new bookings), Q2 pro forma revenue/adj EBITDA down 5%/10% YoY, and capital/financing actions including ABS to fund builds and potentially pay down up to $500M secured debt, $500M–$1B of monetizable noncore assets, and improved blended debt yields from ~12.5% to ~6.5% (600 bps).Uniti Group Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
28
Negative
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.54B | 2.23B | 1.17B | 1.15B | 1.13B | 1.10B |
| Gross Profit | 987.00M | 825.30M | 1.17B | 992.42M | 1.13B | 946.11M |
| EBITDA | 2.78B | 2.44B | 879.31M | 889.68M | 641.76M | 844.93M |
| Net Income | 1.04B | 1.30B | 93.41M | -81.71M | -8.28M | 123.66M |
Balance Sheet | ||||||
| Total Assets | 12.98B | 12.04B | 5.28B | 5.03B | 4.85B | 4.81B |
| Cash, Cash Equivalents and Short-Term Investments | 732.70M | 134.10M | 155.59M | 62.26M | 43.80M | 58.90M |
| Total Debt | 11.09B | 10.02B | 5.88B | 5.63B | 5.27B | 5.16B |
| Total Liabilities | 12.82B | 11.66B | 7.73B | 7.51B | 7.12B | 6.92B |
| Stockholders Equity | 161.50M | 380.30M | -2.45B | -2.49B | -2.27B | -2.13B |
Cash Flow | ||||||
| Free Cash Flow | -855.10M | -459.60M | 11.86M | -63.87M | 32.55M | 113.30M |
| Operating Cash Flow | 542.50M | 350.20M | 366.69M | 353.13M | 460.12M | 499.16M |
| Investing Cash Flow | -1.58B | -1.01B | -272.20M | -411.31M | -392.02M | -321.22M |
| Financing Cash Flow | 1.48B | 611.80M | 27.08M | 76.64M | -78.58M | -196.57M |
Uniti Group Technical Analysis
Negative
10.82
Price Trends
10.98
Negative
10.80
Negative
9.00
Positive
Market Momentum
-0.46
Positive
32.19
Neutral
24.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UNIT, the sentiment is Negative. The current price of 10.82 is above the 20-day moving average (MA) of 10.30, below the 50-day MA of 10.98, and above the 200-day MA of 9.00, indicating a neutral trend. The MACD of -0.46 indicates Positive momentum. The RSI at 32.19 is Neutral, neither overbought nor oversold. The STOCH value of 24.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UNIT.
Uniti Group Risk Analysis
Uniti Group disclosed 27 risk factors in its most recent earnings report. Uniti Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Uniti Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $70.61B | 90.81 | 3.30% | 2.45% | 18.74% | -45.63% | |
69 Neutral | $101.87B | 68.54 | 10.76% | 1.82% | 9.64% | 52.13% | |
68 Neutral | $79.00B | 23.41 | 90.23% | 4.19% | 6.65% | 163.52% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | $19.30B | 19.66 | -20.67% | 2.72% | 5.36% | 14.00% | |
60 Neutral | $2.25B | 1.89 | 270.16% | ― | 199.70% | 2008.88% | |
56 Neutral | $31.33B | 29.95 | -51.70% | 5.67% | -23.24% | ― |
* Real Estate Sector Average
UNIT
Uniti Group
9.51
2.76
40.89%
AMT
American Tower
170.43
-26.13
-13.29%
CCI
Crown Castle
73.97
-23.18
-23.86%
DLR
Digital Realty
197.06
33.21
20.27%
EQIX
Equinix
1,069.17
302.61
39.48%
SBAC
SBA Communications
183.08
-31.25
-14.58%
Uniti Group Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Uniti Group Expands Asset Sale Offers to Cut Debt
Neutral
Jul 31, 2026
On July 31, 2026, Uniti Group Inc. announced that subsidiaries Uniti Services LLC, Uniti Group Finance 2019 Inc. and CSL Capital, LLC amended their asset sale offers tied to senior secured notes due 2028 and 2033. The issuers increased the aggrega...
Business Operations and StrategyPrivate Placements and Financing
Uniti Group Targets Debt Reduction Through Asset Sale Offers
Positive
Jul 23, 2026
On July 15, 2026, an indirect subsidiary of Uniti Group, Kinetic ABS Issuer LLC, completed a private offering of $1.1 billion in secured fiber network revenue term notes and used the proceeds to acquire certain fiber assets from subsidiary guarant...
Business Operations and StrategyPrivate Placements and Financing
Uniti Group Expands Fiber Network Through New Securitization
Positive
Jul 17, 2026
On July 15, 2026, Kinetic ABS Issuer LLC, an indirect subsidiary of Uniti Group, completed a $1.14 billion private offering of secured fiber network revenue term notes under its fiber-to-the-home securitization program, adding a second series to t...
Business Operations and StrategyPrivate Placements and Financing
Uniti Group Prices $1.14 Billion Fiber Network Notes
Positive
Jun 5, 2026
On June 5, 2026, Uniti Group announced that its subsidiary Kinetic ABS Issuer LLC had priced a $1.14 billion offering of secured fiber network revenue term notes across three tranches, with an anticipated repayment date in June 2033 and a weighted...
Business Operations and StrategyPrivate Placements and Financing
Uniti Group Launches $1.14 Billion Fiber-Backed Notes
Positive
Jun 1, 2026
On June 1, 2026, Uniti Group announced that its bankruptcy-remote subsidiary Kinetic ABS Issuer LLC has launched a $1.14 billion offering of secured fiber network revenue term notes, backed by residential fiber assets and customer contracts in ten...
Executive/Board ChangesShareholder Meetings
Uniti Group Shareholders Back Board, Pay and Incentives
Positive
May 22, 2026
Uniti Group held its virtual annual meeting of stockholders on May 21, 2026, where shareholders elected nine director nominees to the board and ratified PricewaterhouseCoopers LLP as the company’s independent auditor for 2026. Investors also...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.