Uniti Group
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Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. The last earnings update was 18 days ago. More info.
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UNIT Share Price and Events
7 Day Returns
1 Year Returns
UNIT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Uniti Group (UNIT) | 3.2% | -10.1% | 0.6% | -48.9% | -58.6% | - |
| US REITs | 0.1% | 1.9% | 3.8% | 13.9% | 11.3% | 25.5% |
| US Market | -1.4% | -3.9% | 0.1% | 1.6% | 33.2% | 38.2% |
1 Year Return vs Industry and Market
- UNIT underperformed the REITs industry which returned 13.9% over the past year.
- UNIT underperformed the Market in United States of America which returned 1.6% over the past year.
Value
Is Uniti Group undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Uniti Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Uniti Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations | |
| Levered Adjusted Funds From Operations | Average of 9 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 11.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| REITs Unlevered Beta | Simply Wall St/ S&P Global | 0.53 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (261.33%)) |
1.416 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.42 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.416 * 5.96%) |
11.17% |
Discounted Cash Flow Calculation for NasdaqGS:UNIT using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model
The calculations below outline how an intrinsic value for Uniti Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
Uniti Group is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.
| Adjusted Funds From Operations (AFFO) (USD, Millions) | Source |
Present Value Discounted (@ 11.17%) |
|
|---|---|---|---|
| 2019 | 414.48 | Analyst x5 | 372.84 |
| 2020 | 381.83 | Analyst x5 | 308.97 |
| 2021 | 378.55 | Analyst x3 | 275.55 |
| 2022 | 374.78 | Analyst x1 | 245.40 |
| 2023 | 406.51 | Analyst x1 | 239.44 |
| 2024 | 415.03 | Est @ 2.1% | 219.90 |
| 2025 | 424.52 | Est @ 2.29% | 202.33 |
| 2026 | 434.79 | Est @ 2.42% | 186.41 |
| 2027 | 445.71 | Est @ 2.51% | 171.90 |
| 2028 | 457.20 | Est @ 2.58% | 158.62 |
| Present value of next 10 years cash flows | $2,381.35 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $457.20 × (1 + 2.73%) ÷ (11.17% – 2.73%) |
$5,566.90 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $5,566.90 ÷ (1 + 11.17%)10 |
$1,931.30 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $2,381.35 + $1,931.30 |
$4,312.65 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $4,312.65 / 188.32 |
$22.9 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $22.90 |
| Current discount | Discount to share price of
$10.32
= -1 x ($10.32 - $22.90) / $22.90 |
54.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Uniti Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Uniti Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Uniti Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Uniti Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.06 |
| NasdaqGS:UNIT Share Price ** | NasdaqGS (2019-05-24) in USD | $10.32 |
| United States of America REITs Industry PE Ratio | Median Figure of 155 Publicly-Listed REITs Companies | 32.61x |
| United States of America Market PE Ratio | Median Figure of 3,086 Publicly-Listed Companies | 17.45x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Uniti Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:UNIT Share Price ÷ EPS (both in USD) = 10.32 ÷ 0.06 |
186.08x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Uniti Group is overvalued based on earnings compared to the US REITs industry average.
- Uniti Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Uniti Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 186.08x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts |
-65.5%per year |
| United States of America REITs Industry PEG Ratio | Median Figure of 141 Publicly-Listed REITs Companies | 2.41x |
| United States of America Market PEG Ratio | Median Figure of 2,121 Publicly-Listed Companies | 1.51x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 186.08x ÷ -65.5% |
-2.84x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Uniti Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Uniti Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $-8.99 |
| NasdaqGS:UNIT Share Price * | NasdaqGS (2019-05-24) in USD | $10.32 |
| United States of America REITs Industry PB Ratio | Median Figure of 191 Publicly-Listed REITs Companies | 1.89x |
| United States of America Market PB Ratio | Median Figure of 5,208 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:UNIT Share Price ÷ Book Value per Share (both in USD) = 10.32 ÷ -8.99 |
-1.15x |
* Primary Listing of Uniti Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Uniti Group has negative assets, we can't compare the value of its assets to the US REITs industry average.
Value checks
We assess Uniti Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check) Uniti Group has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Uniti Group expected to perform in the next 1 to 3 years based on estimates from 9 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Uniti Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Uniti Group's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Uniti Group's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:UNIT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts | -65.5% |
| NasdaqGS:UNIT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts | -0.1% |
| United States of America REITs Industry Earnings Growth Rate | Market Cap Weighted Average | 5.8% |
| United States of America REITs Industry Revenue Growth Rate | Market Cap Weighted Average | 4.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 1,100 | 444 | -7 | 1 |
| 2022-12-31 | 1,048 | 412 | -31 | 1 |
| 2021-12-31 | 1,057 | 455 | 15 | 5 |
| 2020-12-31 | 1,043 | 396 | 5 | 9 |
| 2019-12-31 | 1,077 | 519 | 37 | 9 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,032 | 505 | 10 |
| 2018-12-31 | 1,018 | 473 | 8 |
| 2018-09-30 | 993 | 467 | 16 |
| 2018-06-30 | 986 | 440 | 17 |
| 2018-03-31 | 951 | 434 | 4 |
| 2017-12-31 | 916 | 405 | -17 |
| 2017-09-30 | 877 | 413 | -43 |
| 2017-06-30 | 832 | 389 | -50 |
| 2017-03-31 | 807 | 382 | -35 |
| 2016-12-31 | 770 | 376 | -5 |
| 2016-09-30 | 976 | 519 | 19 |
| 2016-06-30 | 941 | 30 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
All data from Uniti Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | -0.04 | -0.04 | -0.04 | 1.00 |
| 2022-12-31 | -0.17 | -0.17 | -0.17 | 1.00 |
| 2021-12-31 | 0.08 | 0.44 | -0.31 | 5.00 |
| 2020-12-31 | 0.03 | 0.32 | -0.45 | 9.00 |
| 2019-12-31 | 0.21 | 0.26 | 0.12 | 9.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.06 |
| 2018-12-31 | 0.05 |
| 2018-09-30 | 0.09 |
| 2018-06-30 | 0.10 |
| 2018-03-31 | 0.03 |
| 2017-12-31 | -0.10 |
| 2017-09-30 | -0.26 |
| 2017-06-30 | -0.32 |
| 2017-03-31 | -0.23 |
| 2016-12-31 | -0.04 |
| 2016-09-30 | 0.13 |
| 2016-06-30 | 0.20 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Uniti Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Uniti Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Uniti Group has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Uniti Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Uniti Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Uniti Group's 1-year earnings growth exceeds its 5-year average (126.1% vs -24%)
- Uniti Group's earnings growth has exceeded the US REITs industry average in the past year (126.1% vs 16%).
Earnings and Revenue History
All data from Uniti Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 1,031.75 | 9.87 | 86.90 | |
| 2018-12-31 | 1,017.63 | 7.99 | 85.20 | |
| 2018-09-30 | 993.22 | 16.18 | 86.36 | |
| 2018-06-30 | 985.79 | 17.05 | 87.77 | |
| 2018-03-31 | 951.47 | 4.37 | 80.59 | |
| 2017-12-31 | 916.03 | -16.55 | 72.05 | |
| 2017-09-30 | 876.62 | -43.25 | 61.33 | |
| 2017-06-30 | 831.65 | -50.34 | 49.46 | |
| 2017-03-31 | 807.21 | -34.97 | 44.19 | |
| 2016-12-31 | 770.41 | -5.50 | 35.40 | |
| 2016-09-30 | 975.58 | 19.29 | 33.04 | |
| 2016-06-30 | 941.08 | 29.90 | 27.06 | |
| 2016-03-31 | 881.26 | 40.75 | 21.99 | |
| 2015-12-31 | 714.47 | 35.58 | 16.81 | |
| 2015-09-30 | 311.04 | 19.91 | 7.43 | |
| 2015-06-30 | 154.04 | 16.49 | 3.23 | |
| 2015-03-31 | 34.20 | 11.38 | 0.08 | |
| 2014-12-31 | 36.02 | 12.29 | 0.08 | |
| 2014-09-30 | 37.52 | 12.98 | 0.06 | |
| 2014-06-30 | 39.76 | 13.97 | 0.07 | |
| 2014-03-31 | 42.84 | 15.52 | 0.10 | |
| 2013-12-31 | 45.13 | 16.51 | 0.12 | |
| 2012-12-31 | 63.48 | 24.51 | 0.68 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Uniti Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
- Uniti Group used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
- Uniti Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Uniti Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Uniti Group has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Uniti Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Uniti Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Uniti Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Uniti Group's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Uniti Group has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Uniti Group Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | -1,463.53 | 5,078.79 | 114.04 |
| 2018-12-31 | -1,406.70 | 4,901.52 | 69.07 |
| 2018-09-30 | -1,319.41 | 4,802.33 | 182.90 |
| 2018-06-30 | -1,289.79 | 4,736.68 | 133.17 |
| 2018-03-31 | -1,187.34 | 4,559.11 | 98.96 |
| 2017-12-31 | -1,123.61 | 4,539.03 | 66.56 |
| 2017-09-30 | -1,052.87 | 4,429.38 | 49.92 |
| 2017-06-30 | -1,059.00 | 4,506.25 | 934.10 |
| 2017-03-31 | -1,426.91 | 4,059.40 | 68.73 |
| 2016-12-31 | -1,321.89 | 4,088.85 | 171.75 |
| 2016-09-30 | -1,286.95 | 3,970.68 | 40.76 |
| 2016-06-30 | -1,247.64 | 3,806.05 | 48.81 |
| 2016-03-31 | -1,288.91 | 3,549.51 | 165.34 |
| 2015-12-31 | -1,166.91 | 3,510.66 | 142.50 |
| 2015-09-30 | -1,092.19 | 3,520.90 | 210.00 |
| 2015-06-30 | -969.30 | 3,508.69 | 183.17 |
| 2015-03-31 | 7.96 | 0.00 | |
| 2014-12-31 | 8.78 | 0.00 | |
| 2014-09-30 | 9.81 | 0.00 | |
| 2014-06-30 | 11.06 | 0.00 | |
| 2014-03-31 | 12.22 | 0.00 | |
| 2013-12-31 | 12.22 | 0.00 | |
| 2012-12-31 | 16.31 | 0.00 |
- Uniti Group has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
- Irrelevant to check if Uniti Group's debt level has increased considering it has negative shareholder equity.
- Debt is not well covered by operating cash flow (9.9%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Uniti Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Uniti Group has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Uniti Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Uniti Group
shares you are expected to receive
$39
in your first year as a dividend.
Dividend Amount
- Uniti Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
- Uniti Group's dividend is below the markets top 25% of dividend payers in United States of America (3.75%).
Upcoming dividend payment
Purchase Uniti Group before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| United States of America REITs Industry Average Dividend Yield | Market Cap Weighted Average of 184 Stocks | 3.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2007 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 1.80 | 1.00 |
| 2022-12-31 | 1.80 | 1.00 |
| 2021-12-31 | 1.32 | 3.00 |
| 2020-12-31 | 1.28 | 4.00 |
| 2019-12-31 | 0.86 | 7.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-08 | 0.200 | 1.872 |
| 2018-10-31 | 2.400 | 17.184 |
| 2018-08-08 | 2.400 | 12.082 |
| 2018-05-09 | 2.400 | 11.878 |
| 2018-02-07 | 2.400 | 14.670 |
| 2017-10-31 | 2.400 | 14.506 |
| 2017-08-02 | 2.400 | 13.608 |
| 2017-05-03 | 2.400 | 9.426 |
| 2017-02-14 | 2.400 | 8.979 |
| 2016-11-08 | 2.400 | 9.291 |
| 2016-08-09 | 2.400 | 7.997 |
| 2016-05-10 | 2.400 | 8.692 |
| 2016-03-01 | 2.400 | 10.689 |
| 2015-11-06 | 2.400 | 12.994 |
| 2015-08-11 | 2.400 | 11.887 |
| 2015-05-06 | 2.400 | 9.790 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Uniti Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Uniti Group has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Income/ dividend checks
We assess Uniti Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Uniti Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Uniti Group has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $5,145,598 |
| AGE | 47 |
| TENURE AS CEO | 4.2 years |
CEO Bio
Mr. Kenneth A. Gunderman, also known as Kenny, has been Chief Executive Officer, President and Director of Uniti Group Inc. since March 2, 2015. Mr. Gunderman has 17 years of investment banking experience and is focused on expanding and diversifying CS&L’s real estate portfolio. He served as an Executive Vice President at Stephens Inc., until February 2015 and served as its Co-Head of Investment Banking from February 2007 to February 2015. He focused on the Media and Communications group. He joined Stephens in 2006. Prior to joining Stephens, he worked in the Communications Group at Lehman Brothers for 8 years where he worked on strategic transactions totaling over $150 billion and financings totaling over $20 billion. He also served as a Member of the Telecom Investment Banking Group at Lehman Brothers. He previously served as a Senior Accountant at KPMG as a CPA. He has been a Director of Communications Sales & Leasing, Inc. since March 2, 2015. He serves on the board of directors of the Red Cross of Arkansas. He served as a Director of America's Car-Mart Inc., from July 2014 to August 2, 2017. Mr. Gunderman holds a BA from Hendrix College and an MBA from Yale.
CEO Compensation
- Kenny's compensation has been consistent with company performance over the past year, both up more than 20%.
- Kenny's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Uniti Group management team in years:
- The tenure for the Uniti Group management team is about average.
Management Team
Kenny Gunderman
President
$5M
47
4.2 yrs
Mark Wallace
Executive VP
$2M
61
4.1 yrs
Daniel Heard
Executive VP
$1M
43
4.1 yrs
Blake Schuhmacher
Chief Accounting Officer
40
4 yrs
Mike Friloux
Senior VP & CTO
2.7 yrs
Bill DiTullio
Director of Finance & Investor Relations
Arnoud Krijt
Senior Vice President of Corporate Development
2.8 yrs
Ron Mudry
Chief Revenue Officer & Senior VP
$987K
56
1.2 yrs
Lawrence Gleason
President of Uniti Towers
2.6 yrs
Andy Newton
President of Uniti Fiber
1.8 yrs
Board of Directors Tenure
Average tenure and age of the Uniti Group board of directors in years:
- The tenure for the Uniti Group board of directors is about average.
Board of Directors
Skip Frantz
Chairman of the Board
$259K
65
4.3 yrs
Kenny Gunderman
President
$5M
47
4.2 yrs
Jennifer Banner
Director
$198K
59
3.9 yrs
David Solomon
Director
$196K
58
3.9 yrs
Scott Bruce
Director
$177K
56
2.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 29. Jun 18 | Sell | Searchlight Capital Partners | Company | 27. Jun 18 | 27. Jun 18 | -5,182,709 | $20.16 | $-104,483,413 | ||
Management checks
We assess Uniti Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Uniti Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
How Should You Analyze REIT Stock Uniti Group Inc. (NASDAQ:UNIT)?
The structure of UNIT is unique and it has to adhere to different requirements compared to other non-REIT stocks. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent … FFO is a cleaner and more representative figure of how much UNIT actually makes from its day-to-day operations, compared to net income, which can be affected by one-off activities or non-cash items such as depreciation.
Simply Wall St - – Full articleWhat Kind Of Shareholder Owns Most Uniti Group Inc. (NASDAQ:UNIT) Stock?
If you want to know who really controls Uniti Group Inc. … Generally speaking, as a company grows, institutions will increase their ownership. … Uniti Group is a pretty big company.
Simply Wall St - – Full articleWhat Did Uniti Group Inc's (NASDAQ:UNIT) CEO Take Home Last Year?
How Does Kenny Gunderman's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Uniti Group Inc has a market cap of US$3.6b, and is paying total annual CEO compensation of US$5.4m. … We looked at a group of companies with market capitalizations from US$2.0b to US$6.4b, and the median CEO compensation was US$4.9m.
Simply Wall St - – Full articleOne Metric To Rule Them All: Uniti Group Inc (NASDAQ:UNIT)
real estate investment trust (REIT) based in Little Rock, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company. … They have to meet certain requirements in order to become a REIT, meaning they should be analyzed a different way.
Simply Wall St - – Full articleShould You Worry About Uniti Group Inc's (NASDAQ:UNIT) CEO Pay Check?
Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability
Simply Wall St - – Full articleWhat You Need To Know Before Investing In Uniti Group Inc (NASDAQ:UNIT)
Uniti Group Inc is a US$3.81b. … real estate investment trust (REIT) based in Little Rock, United States. … Below, I'll look at a few important metrics to keep in mind as part of your research on UNIT
Simply Wall St - – Full articleIs It Time To Buy Uniti Group Inc (NASDAQ:UNIT)?
However, could the stock still be trading at a relatively cheap price. … Check out our latest analysis for Uniti Group … Great news for investors – Uniti Group is still trading at a fairly cheap price.
Simply Wall St - – Full articleInvesting In Property Through Uniti Group Inc (NASDAQ:UNIT)
NasdaqGS:UNIT Historical Debt Mar 1st 18 In order to understand whether UNIT has a healthy balance sheet, we have to look at a metric called FFO-to-total debt. … This tells us how long it will take UNIT to pay off its debt using its income from its main business activities, and gives us an insight into UNIT’s ability to service its borrowings. … I'd strongly recommend continuing your research on the following areas I believe are key fundamentals for UNIT: Future Outlook: What are well-informed industry analysts predicting for UNIT’s future growth?
Simply Wall St - – Full articleUniti Group Inc (NASDAQ:UNIT): Is Now The Time To Bet On Real Estate?
Uniti Group Inc (NASDAQ:UNIT), a US$2.53B mid-cap, is a real estate company operating in an industry which is the most prevalent industry in the global economy, and as an asset class, it has continued to play a crucial role in the portfolios of various investors. … View our latest analysis for Uniti Group What’s the catalyst for Uniti Group's sector growth? … As the company trails the rest of the industry in terms of growth, Uniti Group may also be a cheaper stock relative to its peers.
Simply Wall St - – Full articleIs It Time To Buy Uniti Group Inc (UNIT)?
Uniti Group Inc (NASDAQ:UNIT), a equity real estate investment trusts (reits) company based in United States, saw a decent share price growth in the teens level on the NasdaqGS over the last few months. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … If you are no longer interested in Uniti Group, you can use our free platform to see my list of over 50 other stocks with a high growth potential.
Simply Wall St - – Full articleCompany Info
Description
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of March 31, 2019, Uniti owns 5.6 million fiber strand miles, approximately 500 wireless towers, and other communications real estate throughout the United States.
Details
| Name: | Uniti Group Inc. |
| UNIT | |
| Exchange: | NasdaqGS |
| Founded: | 2014 |
| $1,943,471,223 | |
| $1,900,500,405 | |
| 188,320,855 | |
| Website: | http://www.uniti.com |
| Address: |
Uniti Group Inc. Benton Building, Suite 300, Little Rock, Arkansas, 72211, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | UNIT | Common Shares | Nasdaq Global Select | US | USD | 20. Apr 2015 | |
| DB | 8XC | Common Shares | Deutsche Boerse AG | DE | EUR | 20. Apr 2015 | |
| LSE | 0LJB | Common Shares | London Stock Exchange | GB | USD | 20. Apr 2015 |
Number of employees
Current staff
Industry
| Specialized REITs | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/27 00:42 |
| End of day share price update: | 2019/05/24 00:00 |
| Last estimates confirmation: | 2019/05/21 |
| Last earnings filing: | 2019/05/09 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
