Uniti Group (UNIT) got here out with quarterly funds from operations (FFO) of $0.48 per share, lacking the Zacks Consensus Estimate of $0.49 per share. This compares to FFO of $0.64 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an FFO shock of -2.04%. 1 / 4 in the past, it was anticipated that this actual property funding belief would put up FFO of $0.45 per share when it really produced FFO of $0.47, delivering a shock of 4.44%.
Over the past 4 quarters, the corporate has surpassed consensus FFO estimates thrice.
Uniti, which belongs to the Zacks REIT and Fairness Belief – Different trade, posted revenues of $268.54 million for the quarter ended December 2019, lacking the Zacks Consensus Estimate by 1.62%. This compares to year-ago revenues of $270.75 million. The corporate has not been in a position to beat consensus income estimates over the past 4 quarters.
The…