Selected financial data related to our segments is presented below for the three months ended March 31, 2025 and 2024:


	Three Months Ended March 31, 2025
(Thousands)	Uniti Leasing		Uniti Fiber		Corporate		Subtotal of Reportable Segments
Revenues	$	222,368	$	71,541	$	—	$	293,909

Adjusted EBITDA	$	215,126	$	28,756	$	(6,052)	$	237,830
Less:
Interest expense							137,987
Depreciation and amortization	46,851		32,816		16		79,683
Transaction related and other costs							7,847



Other, net							850
Stock-based compensation							3,761
Income tax benefit							(4,518)

Net income							$	12,220

Capital Expenditures	$	176,798	$	31,262	$	—	$	208,060


	Three Months Ended March 31, 2024
(Thousands)	Uniti Leasing		Uniti Fiber		Corporate		Subtotal of Reportable Segments
Revenues	$	217,621	$	68,797	$	—	$	286,418

Adjusted EBITDA	$	210,677	$	23,838	$	(5,887)	$	228,628
Less:
Interest expense							123,211
Depreciation and amortization	44,980		32,492		13		77,485
Transaction related and other costs							5,687
Gain on sale of real estate							(18,999)

Other, net							1,911
Stock-based compensation							3,348
Income tax benefit							(5,363)

Net Income							$	41,348

Capital Expenditures	$	139,702	$	28,225	$	12	$	167,939


	Uniti Fiber
	Three Months Ended March 31,
(Thousands)	2025		2024
Revenues	$	71,541	$	68,797

Less:
Employee-related (excluding stock-based compensation):
Operating Expense	6,066		6,538
General and Administrative Expense	8,990		8,923
Network (a)	18,431		18,759
Installation, Equipment, & Other Non-recurring Charges (a)	1,120		2,572
Insurance (b)	1,067		1,173
Professional Fees (b)	1,241		1,053



Other	5,870		5,941
Adjusted EBITDA	$	28,756	$	23,838

(a) Included within the Operating Expense (exclusive of depreciation, accretion and amortization) line item in our Consolidated Statements of Income.

(b) Included within the General and Administration Expense line item in our Consolidated Statements of Income.


	Uniti Leasing
	Three Months Ended March 31,
(Thousands)	2025		2024
Revenues	$	222,368	$	217,621

Less:
Employee-related (excluding stock-based compensation):
Operating Expense	66		293
General and Administrative Expense	1,689		1,507
Network (a)	4,878		4,996



Other	609		148
Adjusted EBITDA	$	215,126	$	210,677

(a) Included within the Operating Expense (exclusive of depreciation, accretion and amortization) line item in our Consolidated Statements of Income.