Because the historical cost accounting convention used for real estate assets requires the recognition of depreciation expense except on land, such accounting presentation implies that the value of real estate assets diminishes predictably over time. The settlement remains subject to finalization and execution of definitive documentation and certain other conditions precedent.Uniti announced today that it is expanding its strategic partnership with Macquarie Infrastructure Partners (“MIP”). Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services.
Net loss and Adjusted EBITDA were $598.3 million and $202.9 million, respectively, for the same period.
Uniti Group Inc. annual stock financials by MarketWatch. We believe that the use of FFO and AFFO, and their respective per share amounts, combined with the required GAAP presentations, improves the understanding of operating results of REITs among investors and analysts, and makes comparisons of operating results among such companies more meaningful. The company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic.If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Uniti Group Inc. (“Uniti”) (UNIT) announced today that it will report its second quarter 2020 financial results after the close of trading on the Nasdaq Stock Exchange on August 6, 2020. These assets were leased to MIP as part of the Bluebird Network (“Bluebird”) OpCo-PropCo transaction. We compute FFO in accordance with NAREIT’s definition.The Company defines AFFO, as FFO excluding (i) transaction related and other costs; (ii) Windstream bankruptcy and litigation related expenses, including litigation settlement expenses; (iii) certain non-cash revenues and expenses such as stock-based compensation expense, amortization of debt and equity discounts, amortization of deferred financing costs, depreciation and amortization of non-real estate assets, straight line revenues, non-cash income taxes, and the amortization of other non-cash revenues to the extent that cash has not been received, such as revenue associated with the amortization of tenant capital improvements; and (iv) the impact, which may be recurring in nature, of the write-off of unamortized deferred financing fees, additional costs incurred as a result of early repayment of debt, including costs associated with the termination of related hedging activities, taxes associated with tax basis cancellation of debt, gains or losses on dispositions, changes in the fair value of contingent consideration and financial instruments and similar or infrequent items less maintenance capital expenditures.
Adjusted Funds From Operations (“AFFO”) attributable to common shareholders was $94.0 million, or $0.44 per diluted common share.Uniti Fiber contributed $79.1 million of revenues and $28.5 million of Adjusted EBITDA for the second quarter of 2020, achieving Adjusted EBITDA margins of approximately 36%.
Uniti Fiber contributed $77.4 million of revenues and $27.5 million of Adjusted EBITDA for the first quarter of 2020, achieving Adjusted EBITDA margins of approximately 35.6%. Uniti recently sold to MIP, for total cash consideration of approximately $168 million, an ownership stake in the entity that controls Uniti’s Midwest fiber network assets (“Propco”). Uniti Group, Inc. is a real estate investment trust company, which is engaged in the acquisition and construction of mission infrastructure in the communications industry.
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