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Uniti Group

Nasdaq:UNIT
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UNIT
Nasdaq
$1B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company 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. The last earnings update was 15 days ago. More info.


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  • Uniti Group has significant price volatility in the past 3 months.
UNIT Share Price and Events
7 Day Returns
-13.4%
NasdaqGS:UNIT
1.4%
US REITs
0.5%
US Market
1 Year Returns
-66.9%
NasdaqGS:UNIT
15.7%
US REITs
16.1%
US Market
UNIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Uniti Group (UNIT) -13.4% -19.6% -19.6% -66.9% -75.6% -
US REITs 1.4% -2.3% 1.9% 15.7% 22.8% 23.5%
US Market 0.5% 3.9% 6.6% 16.1% 37.7% 43.7%
1 Year Return vs Industry and Market
  • UNIT underperformed the REITs industry which returned 15.7% over the past year.
  • UNIT underperformed the Market in United States of America which returned 16.1% over the past year.
Price Volatility
UNIT
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Uniti Group.

NasdaqGS:UNIT Discounted Cash Flow Data Sources
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 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:UNIT
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 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.468 (1 + (1- 21%) (427.67%))
0.622
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:UNIT using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

NasdaqGS:UNIT Discount to Share Price
Calculation Result
Value per share (USD) From above. $29.75
Current discount Discount to share price of $6.23
= -1 x ($6.23 - $29.75) / $29.75
79.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Uniti Group is available for.
Intrinsic value
>50%
Share price is $6.23 vs Future cash flow value of $29.75
Current Discount Checks
For Uniti Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
NasdaqGS:UNIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.17
NasdaqGS:UNIT Share Price ** NasdaqGS (2019-11-21) in USD $6.23
United States of America REITs Industry PE Ratio Median Figure of 144 Publicly-Listed REITs Companies 38.55x
United States of America Market PE Ratio Median Figure of 2,917 Publicly-Listed Companies 18.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Uniti Group.

NasdaqGS:UNIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:UNIT Share Price ÷ EPS (both in USD)

= 6.23 ÷ 0.17

35.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Uniti Group is good value 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?
Raw Data
NasdaqGS:UNIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
-62.5%per year
United States of America REITs Industry PEG Ratio Median Figure of 133 Publicly-Listed REITs Companies 2.41x
United States of America Market PEG Ratio Median Figure of 2,043 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

NasdaqGS:UNIT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.7x ÷ -62.5%

-0.57x

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?
Raw Data
NasdaqGS:UNIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $-7.92
NasdaqGS:UNIT Share Price * NasdaqGS (2019-11-21) in USD $6.23
United States of America REITs Industry PB Ratio Median Figure of 183 Publicly-Listed REITs Companies 1.97x
United States of America Market PB Ratio Median Figure of 5,089 Publicly-Listed Companies 1.75x
NasdaqGS:UNIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:UNIT Share Price ÷ Book Value per Share (both in USD)

= 6.23 ÷ -7.92

-0.79x

* 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.
X
Value checks
We assess Uniti Group's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Uniti Group has a total score of 3/6, 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 8 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!
Annual Growth Rate
-62.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Uniti Group expected to grow at an attractive rate?
  • 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
Raw Data
NasdaqGS:UNIT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:UNIT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts -62.5%
NasdaqGS:UNIT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts -0.8%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
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
Raw Data
NasdaqGS:UNIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:UNIT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,056 378 -69 1
2022-12-31 1,002 344 -94 1
2021-12-31 1,040 410 -4 4
2020-12-31 1,021 370 -18 8
2019-12-31 1,063 356 25 7
2019-11-22
NasdaqGS:UNIT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,060 635 32
2019-06-30 1,049 492 54
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Uniti Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Uniti Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:UNIT 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 8 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.

NasdaqGS:UNIT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 -0.30 -0.30 -0.30 1.00
2022-12-31 -0.42 -0.42 -0.42 1.00
2021-12-31 -0.10 0.25 -0.53 4.00
2020-12-31 -0.09 0.19 -0.63 8.00
2019-12-31 0.13 0.15 0.09 6.00
2019-11-22
NasdaqGS:UNIT Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.17
2019-06-30 0.30
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

*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.
X
Future performance checks
We assess Uniti Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Uniti Group's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (98.6% vs -1.7%)
  • Uniti Group's earnings growth has exceeded the US REITs industry average in the past year (98.6% vs 8.7%).
Earnings and Revenue History
Uniti Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Uniti Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:UNIT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,059.83 32.14 97.25
2019-06-30 1,048.84 53.68 92.65
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).
X
Past performance checks
We assess Uniti Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Uniti Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Uniti Group Company Filings, last reported 1 month ago.

NasdaqGS:UNIT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 -1,436.84 5,038.05 197.32
2019-06-30 -1,401.79 5,022.21 299.39
2019-03-31 -1,463.53 4,920.65 114.04
2018-12-31 -1,406.70 4,846.23 69.07
2018-09-30 -1,319.41 4,745.23 182.90
2018-06-30 -1,289.79 4,679.30 133.17
2018-03-31 -1,187.34 4,503.46 98.96
2017-12-31 -1,123.61 4,482.70 66.56
2017-09-30 -1,052.87 4,372.41 49.92
2017-06-30 -1,059.00 4,451.48 934.10
2017-03-31 -1,426.91 4,005.33 68.73
2016-12-31 -1,321.89 4,034.32 171.75
2016-09-30 -1,286.95 3,915.47 40.76
2016-06-30 -1,247.64 3,757.07 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 (12.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Uniti Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Uniti Group has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
5.94%
Current annual income from Uniti Group dividends. Estimated to be 15.87% next year.
If you bought $2,000 of Uniti Group shares you are expected to receive $119 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Uniti Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Uniti Group's dividend is above the markets top 25% of dividend payers in United States of America (3.65%).
Upcoming dividend payment

Purchase Uniti Group before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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.
Raw Data
NasdaqGS:UNIT Annualized Past and Future Dividends
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 8 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 175 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1954 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:UNIT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.68 1.00
2022-12-31 1.68 1.00
2021-12-31 0.97 5.00
2020-12-31 0.93 7.00
2019-12-31 0.85 6.00
2019-11-22
NasdaqGS:UNIT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-06 0.370 5.680
2019-08-06 0.200 2.591
2019-05-08 0.200 2.071
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 5 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Uniti Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (225.2x coverage).
X
Income/ dividend checks
We assess Uniti Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. Uniti Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Uniti Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kenny Gunderman
COMPENSATION $5,145,598
AGE 48
TENURE AS CEO 4.7 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 higher than 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:

3.2
Average Tenure
52.5
Average Age
  • The tenure for the Uniti Group management team is about average.
Management Team

Kenny Gunderman

TITLE
President
COMPENSATION
$5M
AGE
48
TENURE
4.7 yrs

Mark Wallace

TITLE
Executive VP
COMPENSATION
$2M
AGE
62
TENURE
4.6 yrs

Daniel Heard

TITLE
Executive VP
COMPENSATION
$1M
AGE
44
TENURE
4.6 yrs

Mike Friloux

TITLE
Senior VP & CTO
TENURE
3.2 yrs

Bill DiTullio

TITLE
Vice President of Finance & Investor Relations

Arnoud Krijt

TITLE
Senior Vice President of Corporate Development
TENURE
3.3 yrs

Jennifer Ragsdale

TITLE
Senior Vice President of Human Resources
TENURE
0.8 yrs

Ron Mudry

TITLE
Chief Revenue Officer & Senior VP
COMPENSATION
$987K
AGE
57
TENURE
1.7 yrs

Lawrence Gleason

TITLE
President of Uniti Towers
TENURE
3.1 yrs

Andy Newton

TITLE
President of Uniti Fiber
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Uniti Group board of directors in years:

4.4
Average Tenure
59
Average Age
  • The tenure for the Uniti Group board of directors is about average.
Board of Directors

Skip Frantz

TITLE
Chairman of the Board
COMPENSATION
$259K
AGE
66
TENURE
4.8 yrs

Kenny Gunderman

TITLE
President
COMPENSATION
$5M
AGE
48
TENURE
4.7 yrs

Jennifer Banner

TITLE
Independent Director
COMPENSATION
$198K
AGE
60
TENURE
4.4 yrs

David Solomon

TITLE
Independent Director
COMPENSATION
$196K
AGE
59
TENURE
4.4 yrs

Scott Bruce

TITLE
Independent Director
COMPENSATION
$177K
AGE
57
TENURE
3.4 yrs

Carmen Perez-Carlton

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Uniti Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Is There Now An Opportunity In Uniti Group Inc. (NASDAQ:UNIT)?

Check out our latest analysis for Uniti Group Is Uniti Group still cheap? … What’s more interesting is that, Uniti Group’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. … 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 -

If You Had Bought Uniti Group (NASDAQ:UNIT) Stock Three Years Ago, You'd Be Sitting On A 72% Loss, Today

During the three years that the share price fell, Uniti Group's earnings per share (EPS) dropped by 41% each year. … NasdaqGS:UNIT Past and Future Earnings, August 9th 2019 We know that Uniti Group has improved its bottom line lately, but is it going to grow revenue? … As it happens, Uniti Group's TSR for the last 3 years was -62%, which exceeds the share price return mentioned earlier.

Simply Wall St -

What Kind Of Shareholders Own Uniti Group Inc. (NASDAQ:UNIT)?

See our latest analysis for Uniti Group NasdaqGS:UNIT Ownership Summary, July 23rd 2019 What Does The Institutional Ownership Tell Us About Uniti Group? … As you can see, institutional investors own 79% of Uniti Group. … Insider Ownership Of Uniti Group While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Investing In Property Through Uniti Group Inc. (NASDAQ:UNIT)

NasdaqGS:UNIT Historical Debt, July 5th 2019 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. … Take a look at our free research report of analyst consensus for UNIT’s outlook.

Simply Wall St -

Is Uniti Group Inc.'s (NASDAQ:UNIT) CEO Salary Justified?

See our latest analysis for Uniti Group How Does Kenny Gunderman's Compensation Compare With Similar Sized Companies? … So given this relatively weak performance, shareholders would probably not want to see high compensation for the CEO. … Given the total loss of 47% over three years, many shareholders in Uniti Group Inc.

Simply Wall St -

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 -

What 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 -

What 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 -

One 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 -

Should 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 -

Company 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 September 30, 2019, Uniti owns 6.0 million fiber strand miles, approximately 630 wireless towers, and other communications real estate throughout the United States.

Details
Name: Uniti Group Inc.
UNIT
Exchange: NasdaqGS
Founded: 2014
$1,217,214,060
$1,204,106,907
197,439,426
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
Staff numbers
798
Uniti Group employees.
Industry
Specialized REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/22 00:15
End of day share price update: 2019/11/21 00:00
Last estimates confirmation: 2019/11/18
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
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.