Uniti Group reports Q4 EPS 13c, consensus 17c

Reports Q4 revenue $283.7M, consensus $285.76M. Reports Q4 AFFO 44c. "2022 was an exceptional year for Uniti, with $3.6 million of new consolidated bookings and $3.5 million of gross install monthly recurring revenue added in 2022, resulting in the highest level of annual bookings and installs in the Company’s history. We expect to see continued strong levels of bookings and install activity in 2023 as demand for our product offerings remains robust and the need for higher bandwidth and dense fiber networks continues to grow. This strong demand over the past 5 years has led to us adding approximately 20,800 new route miles to our 135,000 route mile fiber network, the second largest independent fiber network in the country," commented Kenny Gunderman, President and Chief Executive Officer. "After our most recent debt financings, we now have no significant debt maturities for almost 5 years, essentially all of our outstanding debt is fixed rate, and our current organic growth plan is effectively fully funded, providing Uniti significant advantages during the current uncertain economic and credit market conditions."