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Dec 31, 2020
Uniti Q4 2020 Earnings Report
Announced preliminary results for the fourth quarter and full year 2020.
Key Takeaways
Uniti Group Inc. reported preliminary fourth-quarter results with revenues of $275.3 million. The company refinanced its revolving credit facility and issued $1.11 billion of senior unsecured notes.
Consolidated revenues for the fourth quarter of 2020 are expected to be $275.3 million.
Net loss is expected to be $47.7 million for the same period.
AFFO attributable to common shareholders is expected to be $106.4 million, or $0.42 per diluted common share.
Uniti Fiber is expected to contribute $81.4 million of revenues and $30.8 million of Adjusted EBITDA for the fourth quarter of 2020.
Uniti
Uniti
Uniti Revenue by Segment
Revenue by Segment
Uniti Leasing Revenue
CapyFin.comUniti Fiber Revenue
CapyFin.com Forward Guidance
The Company’s consolidated outlook for 2021 is as follows (in millions): Full Year 2021 Revenue $ 1,083 to $ 1,094 Net income attributable to common shareholders (1) 119 to 131 Adjusted EBITDA (2) 846 to 858
Positive Outlook
- Full Year 2021 Revenue $ 1,083 to $ 1,094
- Net income attributable to common shareholders – Basic $ 0.51 to $ 0.57
- FFO attributable to common shareholders – Basic (2) $ 1.43 to $ 1.48
- AFFO attributable to common shareholders – Basic (3) $ 1.76 to $ 1.81
- Depreciation and amortization 299
Challenges Ahead
- The components of projected future results may not add due to rounding.
- Future transaction related and other costs are not included in our current outlook.
- Capitalized interest (2)
- The components of interest expense may not add to the total due to rounding.
- There can be no assurance that our actual results will not differ materially from the estimates set forth above.
Revenue & Expenses
Visualization of income flow from segment revenue to net income