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Uniti Group
(NASDAQ:UNIT)
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Rating:64Neutral
Price Target:
$12.00
▲(3.18% Upside)
Action:Reiterated
Date:06/12/26
The score is held back primarily by high leverage and negative free cash flow versus reported earnings, despite strong recent revenue momentum. Offsetting factors include clear technical strength, a very low P/E valuation, and a constructive earnings-call backdrop driven by accelerating fiber KPIs and improving financing terms.
Positive Factors
Fiber revenue & subscriber growth
Sustained fiber top-line momentum and accelerating subscriber adds indicate durable recurring revenue expansion. Growing homes-passed and rising penetration increase long-term monetization potential, support higher ARPU per home, and justify ongoing network densification and higher lifetime customer value.
Negative Factors
Very high leverage
A heavy debt load relative to a small equity base constrains financial flexibility and amplifies sensitivity to interest rates and liquidity shocks. Over the medium term this elevates refinancing, covenant and credit risks and limits free capital for opportunistic expansion or share-holder friendly actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Fiber revenue & subscriber growth
Sustained fiber top-line momentum and accelerating subscriber adds indicate durable recurring revenue expansion. Growing homes-passed and rising penetration increase long-term monetization potential, support higher ARPU per home, and justify ongoing network densification and higher lifetime customer value.
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
$2.69B
Dividend YieldN/A
Average Volume (3M)2.34M
Price to Earnings (P/E)2.0
Beta (1Y)0.68
Revenue Growth149.33%
EPS Growth1191.20%
CountryUS
Employees758
SectorReal Estate
Sector Strength53
IndustryTelecommunications Services
Share Statistics
EPS (TTM)5.63
Shares Outstanding242,815,660
10 Day Avg. Volume2,738,692
30 Day Avg. Volume2,343,757
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 Cap4.77
Enterprise Value/Revenue4.38
Enterprise Value/Gross Profit12.00
Enterprise Value/Ebitda4.84
Forecast
1Y Price Target
$10.54Price Target Upside-9.36% Downside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)-1.62
Revenue Forecast (FY)$3.63B
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:May 11, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call emphasized multiple clear operational and financial positives: robust fiber revenue growth (total fiber +15% YoY), strong Kinetic build and subscriber acceleration (88k homes passed in the quarter, +30k net fiber subs, consumer fiber revenue +26% YoY), improved churn and operational metrics, meaningful hyperscaler engagement (largest lit order, ~30% IRRs, ~$70M sales-type lease revenue in Q1) and notable capital structure progress (debt yields down ~600 bps, ABS access). Lowlights were mostly execution- and timing-related rather than structural: continued declines in legacy copper/TDM/Uniti Solutions (midteens expected), lumpiness and timing risk of hyperscaler one-time revenue (guidance left unchanged despite Q1 beat), some competitive pressure in copper from LEO/FWA, and modest equipment/conduit cost pressure. Overall, the positives—especially across the core fiber businesses, hyperscaler momentum, and improved capital structure—outweigh the manageable challenges and timing risks.Positive Updates
Strong Overall Fiber Revenue Growth
Total fiber revenue grew 15% year-over-year; Fiber Infrastructure fiber revenue grew 13% year-over-year. Consolidated pro forma revenue and adjusted EBITDA increased 1% and 10% year-over-year, respectively, marking the first quarter as a combined company to achieve both top-line and EBITDA growth.
Negative Updates
Legacy Services and Uniti Solutions Declines
Uniti Solutions and legacy copper/TDM services continued to decline and partially offset fiber growth. Management expects Uniti Solutions revenue and contribution margin to be $700M and $310M at the midpoint for 2026 and indicated the business will continue to decline at a midteens percentage rate year-over-year as low-value legacy and TDM services are wound down.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Overall Fiber Revenue Growth
Total fiber revenue grew 15% year-over-year; Fiber Infrastructure fiber revenue grew 13% year-over-year. Consolidated pro forma revenue and adjusted EBITDA increased 1% and 10% year-over-year, respectively, marking the first quarter as a combined company to achieve both top-line and EBITDA growth.
Read all positive updates
Company Guidance
Management reconfirmed detailed 2026 targets and provided crisp cadence guidance: consolidated 2026 revenue and adjusted EBITDA of about $3.63B and $1.45B with consolidated net CapEx ≈ $1.4B; Kinetic guidance of ~$2.15B revenue and $905M contribution margin with ~ $1.2B net CapEx, targeting 2.30–2.35M homes passed (bringing >50% footprint coverage), 675k–700k fiber subs and $635M–$655M of consumer fiber revenue (≈25%–30% YoY); Fiber Infrastructure midpoint targets of ~$975M revenue, $560M contribution margin and ~$140M net CapEx (~14% capital intensity), plus a ~6,000-route-mile build plan aimed at nearly $1B cumulative nonrecurring cash by 2028 and up to $500M of recurring annual cash thereafter, with blended anchor lease-up yields ~35% and combined IRRs on hyperscaler deals ≈30%; Q1 metrics supporting the outlook included total fiber revenue +15% YoY, Fiber Infrastructure fiber +13%, Kinetic consumer fiber revenue +26% YoY, Kinetic added 30k net fiber subs to 564k and ended the quarter with ~1.94M homes passed (88k new passings in the quarter), fiber penetration 29.1% (+20 bps seq, +120 bps YoY), fiber ARPU +5% YoY and roughly $70M of sales‑type lease dark fiber revenue in Q1; capital structure progress noted blended debt yields down ~600 bps to ~6.5% (recent ABS coupon ~5.7%) and $500M–$1B of monetizable noncore assets identified.Uniti Group Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
34
Negative
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.93B | 2.23B | 1.17B | 1.15B | 1.13B | 1.10B |
| Gross Profit | 1.07B | 825.30M | 1.17B | 992.42M | 1.13B | 946.11M |
| EBITDA | 2.65B | 2.44B | 879.31M | 889.68M | 641.76M | 844.93M |
| Net Income | 1.19B | 1.30B | 93.41M | -81.71M | -8.28M | 123.66M |
Balance Sheet | ||||||
| Total Assets | 13.11B | 12.04B | 5.28B | 5.03B | 4.85B | 4.81B |
| Cash, Cash Equivalents and Short-Term Investments | 1.13B | 134.10M | 155.59M | 62.26M | 43.80M | 58.90M |
| Total Debt | 11.11B | 10.02B | 5.88B | 5.63B | 5.27B | 5.16B |
| Total Liabilities | 12.79B | 11.66B | 7.73B | 7.51B | 7.12B | 6.92B |
| Stockholders Equity | 319.70M | 380.30M | -2.45B | -2.49B | -2.27B | -2.13B |
Cash Flow | ||||||
| Free Cash Flow | -371.00M | -459.60M | 11.86M | -63.87M | 32.55M | 113.30M |
| Operating Cash Flow | 602.50M | 350.20M | 366.69M | 353.13M | 460.12M | 499.16M |
| Investing Cash Flow | -1.17B | -1.01B | -272.20M | -411.31M | -392.02M | -321.22M |
| Financing Cash Flow | 1.57B | 611.80M | 27.08M | 76.64M | -78.58M | -196.57M |
Uniti Group Technical Analysis
Neutral
11.63
Price Trends
11.49
Negative
10.01
Positive
8.31
Positive
Market Momentum
0.03
Positive
43.55
Neutral
13.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UNIT, the sentiment is Neutral. The current price of 11.63 is below the 20-day moving average (MA) of 11.65, above the 50-day MA of 11.49, and above the 200-day MA of 8.31, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 43.55 is Neutral, neither overbought nor oversold. The STOCH value of 13.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $107.63B | 75.26 | 10.03% | 2.47% | 6.67% | 50.09% | |
69 Neutral | $81.81B | 28.37 | 76.90% | 3.76% | 2.72% | 58.77% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $2.69B | 1.97 | -446.35% | ― | 149.33% | 1191.20% | |
63 Neutral | $19.49B | 19.26 | -20.90% | 2.31% | 6.27% | 25.76% | |
61 Neutral | $36.06B | 34.00 | -65.88% | 5.44% | -29.63% | ― | |
60 Neutral | $18.25B | 46.02 | 4.20% | 3.57% | -3.13% | 9.67% |
* Real Estate Sector Average
UNIT
Uniti Group
11.07
3.91
54.50%
AMT
American Tower
175.59
-37.21
-17.49%
CCI
Crown Castle
82.62
-15.40
-15.71%
EQIX
Equinix
1,091.30
313.52
40.31%
SBAC
SBA Communications
183.76
-45.67
-19.91%
WY
Weyerhaeuser
25.31
0.50
2.01%
Uniti Group Corporate Events
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...
Business Operations and StrategyDividendsRegulatory Filings and Compliance
Uniti Group Updates Series A Preferred Dividend Election Terms
Neutral
Apr 14, 2026
On April 13, 2026, Uniti Group Inc. filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation with the Delaware Secretary of State. The amendment changes the notification deadline for holders electing the met...
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.