2024-03-05 09:24:09 ET
Summary
- Uniti Group, a REIT, has a high yield of around 9%, but there are many challenges and uncertainties surrounding the company.
- The majority of Uniti's revenues come from its leasing segment, with a significant portion derived from its contract with Windstream.
- Uniti's debt exceeds the reported value of its assets, posing risks to shareholders in the event of a crisis.
I was intrigued to see Uniti Group ( UNIT ), a REIT yielding around 9%. As always, one has to wonder if there's something going wrong or if the market is mistaken. Despite the high yield, the market rallied on the shares after Q4 earnings came out. Is it a sign of improving prospects?...
Read the full article on Seeking Alpha
For further details see:
Uniti Group: High Yield Comes With Too Much Debt