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Mar 31, 2021

Uniti Q1 2021 Earnings Report

Reported strong results driven by robust demand across all business segments and improved financial profile through refinancing transactions.

Key Takeaways

Uniti Group Inc. reported consolidated revenues of $272.6 million for the first quarter of 2021. The company's net loss was $4.5 million, while Adjusted EBITDA reached $214.2 million. Adjusted Funds From Operations (AFFO) attributable to common shareholders was $103.1 million, or $0.41 per diluted common share, representing a 7% increase compared to the first quarter of 2020.

Revenues for the first quarter reached $272.6 million.

Net loss was $0.02 per diluted common share.

AFFO per diluted common share was $0.41.

Company issued $570 million of Senior Secured Notes with no significant debt maturities until 2024.

Total Revenue
$273M
Previous year: $266M
+2.4%
EPS
$0.41
Previous year: $0.45
-8.9%
Net Debt/Annualized EBITDA
5.83
Previous year: 6.4
-8.9%
Gross Profit
$235M
Previous year: $226M
+3.8%
Cash and Equivalents
$122M
Previous year: $109M
+12.0%
Free Cash Flow
$42.3M
Previous year: $57.2M
-26.0%
Total Assets
$4.78B
Previous year: $5.01B
-4.6%

Uniti

Uniti

Uniti Revenue by Segment

Forward Guidance

The Company is updating its 2021 outlook for the impact of our 4.75% senior secured notes offering and related redemption, the impact of transaction related and other costs incurred to date, and estimates of depreciation and amortization.

Revenue & Expenses

Visualization of income flow from segment revenue to net income