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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenue from rentals $ 229,303 $ 223,852 $ 457,459 $ 455,771
Total service revenues 65,644 59,846 123,906 117,749
Total revenues 294,947 283,698 581,365 573,520
Costs and Expenses:        
Interest expense, net 127,475 119,689 250,686 268,552
Depreciation and amortization 78,052 77,267 155,537 154,042
General and administrative expense 25,716 23,417 53,849 51,850
Operating expense (exclusive of depreciation and amortization) 37,036 37,418 72,234 72,486
Transaction related and other costs 10,977 5,576 16,664 8,364
Gain on sale of real estate 0 0 (18,999) 0
Other (income) expense, net (19) (291) (301) 19,888
Total costs and expenses 279,237 263,076 529,670 575,182
Income (loss) before income taxes and equity in earnings from unconsolidated entities 15,710 20,622 51,695 (1,662)
Income tax benefit (2,571) (4,357) (7,934) (6,769)
Equity in earnings of unconsolidated entities 0 (659) 0 (1,320)
Net income 18,281 25,638 59,629 6,427
Net income attributable to noncontrolling interests 3 12 22 3
Net income attributable to shareholders 18,278 25,626 59,607 6,424
Participating securities' share in earnings (723) (322) (1,159) (569)
Dividends declared on convertible preferred stock (5) (5) (10) (10)
Net income attributable to common shareholders $ 17,550 $ 25,299 $ 58,438 $ 5,845
Income per common share:        
Basic (in dollars per share) $ 0.07 $ 0.11 $ 0.25 $ 0.02
Diluted (in dollars per share) $ 0.07 $ 0.11 $ 0.25 $ 0.02
Weighted-average number of common shares outstanding:        
Basic (in shares) 237,347 236,429 237,121 236,260
Diluted (in shares) 237,347 236,429 237,121 236,260
Uniti Leasing        
Revenues:        
Total revenue from rentals $ 216,640 $ 210,345 $ 432,633 $ 419,987
Total service revenues 1,646 2,108 3,274 3,274
Uniti Fiber        
Revenues:        
Total revenue from rentals 12,663 13,507 24,826 35,784
Total service revenues $ 63,998 $ 57,738 $ 120,632 $ 114,475