UNIT - Uniti Group reports Q3 earnings beat; updates FY22 guidance

• Uniti Group press release ( NASDAQ: UNIT ): Q3 FFO of $0.43 beats by $0.06 .
• Revenue of $283.1M (+6.1% Y/Y) beats by $1.26M .
• At quarter-end, the company had approximately $268.4 million of unrestricted cash and cash equivalents, and undrawn borrowing availability under its revolving credit agreement.
• The company’s leverage ratio at quarter-end was 5.80x based on net debt to third quarter 2022 annualized Adjusted EBITDA.
• The company is updating its 2022 outlook primarily for business unit level revisions and the impact of transaction related and other costs incurred to date: Revenue of $1,123M-$1,141M vs. consensus of $1.13B; AFFO of $441M- $459M

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