Difficulty] [Technical
resilient across proves crisis results. solid performed stable he and even times incredibly board the data quarter economic with be Accordingly, in par our and and exceedingly It downturns, operations on financial core to that and to during well of centers. towers translated
our largely Our updated in year previous line outlook. for guidance with this remains
we to and our the sale slightly timing adjusting primarily of which expect XXXX. to and our business in decrease levels this structure year, We towers normalized of higher U.S. the are corporate in cost change for guidance
$XXX update our shares $XXX of turn AFFO reported AFFO of We on first consolidated million, of $X.XX. quarter Please revenues adjusted results. slide common attributable $XX per million to a provide EBITDA to five consolidated and diluted of brief million, and I'll common share
cost, and costs. and million, share, $X.XX included a of term Net was write-off transaction-related quarter per a diluted as other million the to common our common and unamortized million of February $XX XX $XX attributable issuance loss full or loans shares on of result non-cash for and discount the $XX of repayment debt
Leasing adjusted over EBITDA ago X% and revenues period. segment Uniti and Our X% increased year the respectively
investment improvements. quarter, bringing During the our capital deployed of tenant the million an associated initiatives, capital yield Leasing capital, cumulative with of $X quarter, network principally Windstream Bluebird, just of the initial $XXX our million amount million X.XX%. $XX to approximately at over during of improvements spin-off with their capital for Uniti to made since growth
Fiber. Turning to Uniti
During million. small our over X,XXX sites representing we cell currently $X.X and fiber backlog, of for small over across adding incremental multiple sites and markets, XXX the We in turned carriers an annualized fiber revenues. annualized dark have million $X.X wireless of remaining quarter, dark cell revenues
When year. Uniti or Fiber of XXXX Bluebird quarter Fiber our to in the Macquarie core important as expectations. quarter of revenues operations, August sold related Midwest to transaction last compared our same the first revenue part with Uniti to last to year, it's and not they margins in were include adjusted EBITDA our as line that results were remember do
margins compressed EBITDA adjusted revenues at on while by Uniti approximately projects. $X were expectations, construction related construction due our consistent million, to Non-core with was lower-than-expected certain Fiber the
are deemphasize not noted, and previously margin fiber non-recurring to products that strategic As our to business. lower we continue services
Uniti in expected be Fiber first was upfront are payments was quarter that received higher-than-expected due now net NRC of success-based to the the the over customer timing two to quarters. million $XX CapEx next approximately and
or of $X $X of we million X% also integration incurred and maintenance of also CapEx about We million CapEx, revenues.
small initial XX last remaining dark continue and quarter of mentioned cell of complete to The we aggregate builds still I be of of by achieved these year. the completed the fiber completed X%. yield out and end all As major an expect projects this three original the to of deployment anchor
while quarter, one of the at tower incurred $XX completing to of decommissioning we and towers XXX bringing XX Towers end. the count first construction completed in tower, CapEx Uniti At our towers and in-service million spend quarter
now XXXX Please I'll slide turn six to guidance. cover updated and our
following in two, we sale quarter revisions. structure U.S. last, and mentioned, relatively tower reported other modest are As our impact costs this business the other level items: and unit transaction-related of from I our the prior timing the business; for first guidance items of of first, primarily revising the and the year; final
related Our uncertain from date the process the this time. Windstream reorganization excludes accounting are to treatment effective settlement with and guidance its the impact at any as court-approved
in master time continues Our lease. continues outlook force to lease that under on existing Windstream payments the lease anticipates Windstream all effect in full make that and
costs these results on transaction website market posted our mentioned. statements. presentation in forward-looking outlook acquisitions, XXXX A to prior materially Actual materials current excludes not future our Our reconciliation outlook is differ today. the capital and from could current included and specifically of outlook transactions future our other
now EBITDA expect XX%. full for from our and million first current Leasing this due to the adjusted segment. year. includes EBITDA XXXX at increase Our representing revenues be quarter Uniti in revenues Leasing. each $XXX recognized and adjusted Uniti We the TCI slight the is incremental $XXX to guidance Starting outlook margins million respectively midpoint for with of prior following year The of
our strands we fiber Windstream focused million as as settlement sales on Uniti contract total of revenue. of Uniti and $XX The X.X assume million is the existing Leasing prior are quarter leasing team annualized fiber the up million annual $X.X contributes $XXX currently Leasing represents of as we receiving well agreement. value portfolio sales continue to year lease-up and funnel with million incremental consistent revenue this activity of part
Our continues to of reflect current guidance million at net success-based Uniti CapEx to Bluebird. principally related Leasing $XX
an the earn in of X.XX% $X annualized As will the in over initial network investments yield just a of rent reminder, Bluebird cash resulting million. incremental
to Turning X. slide
the projects We to for which builds. CapEx annualized fiber up year-end. is dark quarter our Fiber adjusted be $XXX next on we will million Uniti the Once remaining revenues three at the end and $XX about our of million projects projects, are $XXX of by projects fiber Net completed expected revenue outlook, success-based XX midpoint, remaining some completed our remains to the of the expect of guidance the of of XXXX completed year small prior over due million million. the of large timing one midpoint with line cell this prior spend of to now CapEx expect from of and be Of remaining represent guidance. EBITDA at Uniti with in by $XXX $XX about the two all our Fiber recurring -- million they
our wholesale to actively schools We well markets. facilities continue of enterprise to in government customers and as focus selling on and are builds anchor numerous leasing and as wireless up our many
strong XX%. during our the enterprise bookings activity sales quarter Our over expectations by was exceeding
continue to in recently is bookings year, in will potential anchor up markets. to quarter some see this sales there saw continue are later the optimistic the ramp While activities momentum we related completed to COVID-XX, delays our as we we in first
about about expect We be declining Fiber half now the XX% XX% year. second to first intensity to net from the XXXX year, this Uniti of this in capital in success-based of XX% half
each expect and CapEx XXXX We of maintenance $X integration for about respectively. million
-- or builds. the XX% Going dark to lower continue small as range to of forward, to Fiber's greenfield fiber net capital to we we continue cell expect and success-based build intensity be handful pursue Uniti in XX% a
we've capital very in Uniti the We the down embedded years. managing last the realizing over value Fiber's on few investments focused intensity and are made
towers. Turning to
to business our XX% investment in Uniti affiliate As Kenny as multiple of $XXX mentioned receive agreement consideration through be an to for XXXX million we tower part March XXXX, payment pipeline XX% Melody. interest approximately the for will of about XX will of of a for earn-out Uniti incremental cash earlier, million. a business. $X flow Melody an agreement, tower the entire estimate each have implying which sell signed we cash U.S. times tower retain annualized currently Also to an in completed additional
estimated that have date. to operating We end results close included XXXX in expect transaction the the only quarter second the to and our guidance by closing up of
business as and of towers adjusted revenues to the be The accordingly expected be gain pre-tax U.S. to loss about gain excluded the AFFO. $X of reported revenues, sale full For on with towers be we $X $XX a will of estate year reported expect million. real million is million and of on the adjusted from EBITDA EBITDA reported now our XXXX, expected sale
approximately remainder reflecting expenditures Melody, the $XX of half the constructed Uniti first As the million we the year. transaction towers capital change for expect at during expenditures any to do expect the million tower-related the we in the year. tower not capital of our from timing closing year range further sale result of Upon structure business, XX $XX with to of the of Towers full a tech of for
Turning X. slide to
the consolidated to For XXXX, $XXX AFFO share year we now expect common $X.XX adjusted a we expect be basis, of per diluted a midpoint to now between and per $X.XX at range full share. EBITDA $X.X to $X.XX revenues billion with million diluted be and midpoint. On
$XXX of deferred guidance expense approximately year for consolidated write-offs. now excluding interest million contemplates cost Our the any financing full
of payoff additional of As cost term noted, million first $XX reported the write-off in this deferred non-cash related that interest expense was of year in XXXX the includes reported of an quarter to our financing loans.
SG&A including XXXX million Corporate shares $XX expect million XXX diluted weighted amounts be shares. for of We should approximately stock-based compensation segments our now year to business million $X approximately expense. allocated average to excluding be outstanding full
a XX summarizes to As to of my have afternoon. key our provided ranges our XXXX in of outlook the a appendix components guidance updated presentation. On our Slide comments reconciliation guidance reminder, our for are which this we included tabular outlook, prior
per Now XX, turning June declared the to our stockholders share morning on capital structure. Board to record This July XX. a dividend payable of $X.XX of
continue Board made developments our the Any order time. by to occur dividend policy, of our expect Windstream's We form will Board evaluate our from be will dividend at and change to decision appropriate bankruptcy. Windstream's in reorganization Directors its emergence our key policy
and approximately had unrestricted capacity. combined we million cash undrawn and end quarter At $XXX of equivalents cash revolver
capital the EBITDA. first the stood times no end Proceeds to Our we provide at slightly adjusted It repay debt from annualized tower business need X.X initially ensures that the but this will assets. the additional leverage be have deleveraging net year. on revolving we and currently proceeds on of our sale liquidity of fiber additional based proceeds ratio quarter use to to the at ultimately our into expect facility also borrowings credit will to as reinvest net raise
on We portfolio. optimizing our emphasis monetizing expect our to and continue
the capital prudent it markets, appropriate. at capital in is volatility Given recent where focus on to recycling the we valuations believe attractive
we does of participants may with to opportunities. any market market While take monitor capital routinely capital and advantage and not attractive evaluate the markets, our outlook include transactions, continue engage
agreement range Windstream strategic infrastructure ultimate of the up our long-term ability value of deliver the of emergence We court our optionality business, fundamentals Uniti. from about of Looking optimistic remain our communication stockholders. wide and for opens believe an forward, a for with our bankruptcy, the demand settlement approval we to for
with back Kenny. And to the turn that over call I'll
