Uniti Group Inc. Common Stock (UNIT)

FairStock Score: 64/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I evaluate Uniti as a digital infrastructure REIT, not on GAAP EPS alone, because depreciation distorts REIT earnings. FFO and AFFO are the right measures, but they are not in the data; I therefore lean on revenue trend, leverage, dividend yield and price-to-book. The revenue trend is strong: filed revenue rose from $1.1B in FY2023, the year ended 2023-12-31, to $1.2B in FY2024, ended 2024-12-31, and $2.2B in FY2025, ended 2025-12-31. But the bottom line is unstable. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $987.5M and net income was -$70.3M. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $909.7M and net income was -$155.9M, or -$0.68 per diluted share. The huge FY2025 net income of $1.3B and fiscal Q3 2025 net income of $1.6B, for the quarter ended 2025-09-30, look non-recurring because trailing free cash flow is -$891.6M and FCF yield is -55.2%, a FairStock calculation. The balance sheet gives little comfort: debt/equity 68.70, ROCE 2.33%, Piotroski F-Score 2/9, Altman Z-Score -0.11. The 0.00% dividend yield offers no income support. At the 2026-10-13 close of $6.65, FairStock's P/B is 9.64 and P/E is 4.26; the P/E is unreliable for this REIT, and the P/B says book value is scant support. EV/EBITDA of 4.36 looks cheap, but negative cash flow makes that optical. The Lynch category is turnaround, because it returned to profit after a loss within three years. I see revenue momentum but no proof of durable, self-funding cash generation. Until FFO/AFFO and cash flow improve, this is speculative, not a clear value bargain.

In plain English: Uniti Group is a real estate company that owns and operates internet, voice, and fiber infrastructure businesses. Sales have grown, but the company has recently lost money and is burning cash, and it pays no dividend. At the recent price, the shares look expensive relative to the value shown in its books and do not show the signs of a safe bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer