Uniti Group Inc
UNIT: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| sH | LOCK|hm | LOCK|@%ksmP |
Uniti Earnings: Data Center Deals Drive Nonrecurring Revenue and Upfront Cash Collections
Uniti's adjusted revenue increased 1% during the first quarter. Recognizing up-front lease revenue offsets ongoing declines in most business segments. The firm claims it has signed $755 million in contracts with hyperscale data center firms, implying $85 million of new agreements in the quarter.
