Uniti: 2Q Earnings Snapshot

Associated Press
Updated ·1 min read

LITTLE ROCK, Ark. (AP) _ Uniti Group Inc. (UNIT) on Monday reported a key measure of profitability in its second quarter.

The Little Rock, Arkansas-based real estate investment trust said it had funds from operations of $97.4 million, or 44 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $588.2 million, or $3.06 per share.

The real estate investment trust posted revenue of $266.8 million in the period.

The company's shares have risen 22% since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.04, an increase of 18% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNIT at https://www.zacks.com/ap/UNIT