Analyst Summary
- Net Income of $21.6 Million and $93.4 Million for the Fourth Quarter and Full Year, Respectively
- Net Income of $0.09 and $0.38 Per Diluted Common Share for the Fourth Quarter and Full Year, Respectively
- AFFO of $0.35 and $1.35 Per Diluted Common Share for the Fourth Quarter and Full Year, Respectively
- Consolidated revenues for the fourth quarter of 2024 were $293.3 million.
- Consolidated revenues for the year ended December 31, 2024 were $1.2 billion.
- The Series 2025-1 Term Notes have a weighted average yield of approximately 6.5% and will be secured by certain fiber network assets and related customer contracts in the State of Florida and the Gulf Coast region of Louisiana, Mississippi and Alabama.
- The Company’s consolidated outlook for 2025 includes Revenue of $1,196 to $1,216 million, Net income attributable to common shareholders of $95 to $115 million, Adjusted EBITDA of $966 to $986 million, Interest expense, net of $532 million, FFO of $322 to $342 million, AFFO of $369 to $389 million, and Weighted-average common shares outstanding – diluted of 280 million.
Potential Implications
Company Performance
- Uniti is uniquely well positioned to benefit from the emerging themes related to Generative AI and convergence, both of which put a premium demand on our mission critical fiber infrastructure
- The company expects to close the transaction by the second half of 2025.
- The company’s 2025 outlook excludes any impact from the expected merger with Windstream, future acquisitions, capital market transactions, and future transaction-related and other costs not mentioned herein.