cs&l (nasdaq: csal), an s&p 400 midcap index company headquartered in little rock, ark., is a publicly traded real estate investment trust primarily engaged in the acquisition of communication distribution systems. cs&l currently owns 3.6 million strand miles of fiber, 235,000 route miles of copper and central office land and buildings across 29 states. as a strategic financing partner to the telecommunications industry, cs&l continually evaluates challenges and trends impacting the industry, and opportunities to grow and diversify its portfolio by acquiring additional communication distribution systems. as a real estate investment trust (reit), cs&l intends to grow and diversify its portfolio over time, primarily in three ways: 1. acquiring and leasing communications assets that qualify as real property. 2. financing fiber for existing and new customers. 3. acting as financing partner to facilitate m&a. cs&l also expects to benefit from rent escalations related to our existin
Company profile
Ticker
UNIT
Exchange
Website
CEO
Kenneth Gunderman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
COMMUNICATIONS SALES & LEASING, INC.
SEC CIK
Corporate docs
Subsidiaries
ANS Connect LLC • CSL Capital, LLC • Contact Network, LLC • CSL Alabama System, LLC • CSL Arkansas System, LLC • CSL Florida System, LLC • CSL Georgia Realty, LLC • CSL Georgia System, LLC • CSL Iowa System, LLC • CSL Kentucky System, LLC ...
UNIT stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
29 Feb 24
8-K
Uniti Group Inc. Reports Fourth Quarter and Full Year 2023 Results
29 Feb 24
8-K
Entry into a Material Definitive Agreement
26 Feb 24
8-K
Other Events
1 Dec 23
424B7
Prospectus with selling stockholder info
1 Dec 23
8-K
Regulation FD Disclosure
13 Nov 23
10-Q
2023 Q3
Quarterly report
2 Nov 23
8-K
Uniti Group Inc. Reports Third Quarter 2023 Results
2 Nov 23
8-K
Regulation FD Disclosure
15 Aug 23
10-Q
2023 Q2
Quarterly report
3 Aug 23
Transcripts
UNIT
Earnings call transcript
2023 Q4
29 Feb 24
UNIT
Earnings call transcript
2023 Q3
2 Nov 23
UNIT
Earnings call transcript
2023 Q2
3 Aug 23
UNIT
Earnings call transcript
2023 Q1
4 May 23
UNIT
Earnings call transcript
2022 Q4
24 Feb 23
UNIT
Earnings call transcript
2022 Q3
3 Nov 22
UNIT
Earnings call transcript
2022 Q2
4 Aug 22
UNIT
Earnings call transcript
2022 Q1
5 May 22
UNIT
Earnings call transcript
2021 Q4
25 Feb 22
UNIT
Earnings call transcript
2021 Q3
4 Nov 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 34.12 mm | 34.12 mm | 34.12 mm | 34.12 mm | 34.12 mm | 34.12 mm |
Cash burn (monthly) | 1.34 mm | 772.92 k | 41.34 mm | 7.55 mm | 3.09 mm | (no burn) |
Cash used (since last report) | 7.56 mm | 4.35 mm | 232.77 mm | 42.49 mm | 17.37 mm | n/a |
Cash remaining | 26.56 mm | 29.77 mm | -198.65 mm | -8.37 mm | 16.75 mm | n/a |
Runway (months of cash) | 19.8 | 38.5 | -4.8 | -1.1 | 5.4 | n/a |
Institutional ownership, Q3 2023
88.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 308 |
Opened positions | 55 |
Closed positions | 36 |
Increased positions | 89 |
Reduced positions | 98 |
13F shares | Current |
---|---|
Total value | 964.10 bn |
Total shares | 212.03 mm |
Total puts | 3.66 mm |
Total calls | 1.51 mm |
Total put/call ratio | 2.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 38.27 mm | $180.64 bn |
Vanguard | 37.93 mm | $179.03 bn |
Elliott Investment Management | 10.12 mm | $47.77 bn |
STT State Street | 9.89 mm | $46.67 bn |
LSV Asset Management | 7.38 mm | $34.73 bn |
Searchlight Capital II PV | 6.72 mm | $137.00 mm |
Charles Schwab Investment Management | 6.44 mm | $30.41 bn |
Allianz Asset Management GmbH | 5.74 mm | $27.11 bn |
Geode Capital Management | 5.61 mm | $26.49 bn |
Searchlight Capital Partners | 4.39 mm | $20.73 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Feb 24 | Daniel L Heard | COMMON STOCK | Payment of exercise | Dispose F | No | No | 5.55 | 5,084 | 28.22 k | 294,722 |
27 Feb 24 | Michael Friloux | COMMON STOCK | Payment of exercise | Dispose F | No | No | 5.55 | 6,643 | 36.87 k | 156,781 |
27 Feb 24 | Ronald J. Mudry | COMMON STOCK | Payment of exercise | Dispose F | No | No | 5.55 | 3,761 | 20.87 k | 233,812 |
27 Feb 24 | Kenny Gunderman | COMMON STOCK | Payment of exercise | Dispose F | No | No | 5.55 | 23,136 | 128.40 k | 1,574,532 |
27 Feb 24 | Paul Bullington | COMMON STOCK | Payment of exercise | Dispose F | No | No | 5.55 | 5,100 | 28.31 k | 309,162 |
News
TD Cowen Maintains Outperform on Uniti Group, Raises Price Target to $10
1 Mar 24
Earnings Scheduled For February 29, 2024
29 Feb 24
Wall Street's Most Accurate Analysts Say Sell These 3 Real Estate Stocks Delivering High-Dividend Yields
5 Feb 24
3 Minutes To Boost Your Earnings: 3 High-Yielding Dividend Stocks In Real Estate Sector From Wall Street's Most Accurate Analysts
3 Jan 24
Global Self Storage Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
28 Dec 23
Press releases
Uniti Group Inc. Declares $0.15 Per Share Quarterly Dividend
27 Feb 24
Uniti Group Inc. Announces Completion of New ABS Bridge Facility and Recent Asset Sales
26 Feb 24
Uniti Group Inc. To Report Fourth Quarter and Full Year 2023 Financial Results and Host Conference Call
13 Feb 24
Uniti Group Inc. Announces Tax Reporting Information for 2023 Distributions
24 Jan 24