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Condensed Consolidated Statements of Income (Loss) (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenue from rentals $ 233,885 $ 229,633 $ 691,344 $ 685,457
Total service revenues 58,362 61,022 182,268 178,718
Total revenues 292,247 290,655 873,612 864,175
Costs and Expenses:        
Interest expense, net 131,007 120,691 381,693 389,243
Depreciation and amortization 79,325 77,337 234,862 231,379
General and administrative expense 26,697 25,481 80,546 77,331
Operating expense (exclusive of depreciation and amortization) 34,519 37,392 106,753 109,878
Transaction related and other costs 14,404 1,441 31,068 9,805
Gain on sale of real estate 0 (1,424) (18,999) (1,424)
Goodwill impairment 0 203,998 0 203,998
Other expense (income), net 0 1,435 (301) 21,323
Total costs and expenses 285,952 466,351 815,622 1,041,533
Income (loss) before income taxes and equity in earnings from unconsolidated entities 6,295 (175,696) 57,990 (177,358)
Income tax benefit (5,935) (56,130) (13,869) (62,899)
Equity in earnings from unconsolidated entities 0 (670) 0 (1,990)
Net income (loss) 12,230 (118,896) 71,859 (112,469)
Net income (loss) attributable to noncontrolling interests 1 (53) 23 (50)
Net income (loss) attributable to shareholders 12,229 (118,843) 71,836 (112,419)
Participating securities' share in earnings (334) (321) (1,493) (890)
Dividends declared on convertible preferred stock (5) (5) (15) (15)
Net income (loss) attributable to common shareholders $ 11,890 $ (119,169) $ 70,328 $ (113,324)
Income (Loss) per common share:        
Basic (in dollars per share) $ 0.05 $ (0.50) $ 0.30 $ (0.48)
Diluted (in dollars per share) $ 0.05 $ (0.50) $ 0.30 $ (0.48)
Weighted-average number of common shares outstanding:        
Basic (in shares) 237,480 236,533 237,242 236,352
Diluted (in shares) 237,480 236,533 237,242 236,352
Uniti Leasing        
Revenues:        
Total revenue from rentals $ 221,123 $ 212,720 $ 653,756 $ 632,707
Total service revenues 1,799 1,868 5,073 5,142
Uniti Fiber        
Revenues:        
Total revenue from rentals 12,762 16,913 37,588 52,750
Total service revenues $ 56,563 59,154 $ 177,195 $ 173,576
Costs and Expenses:        
Goodwill impairment   $ 204,000