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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenue from rentals $ 237,023 $ 228,155
Total service revenues 56,886 58,263
Total revenues 293,909 286,418
Costs and Expenses:    
Interest expense, net 137,987 123,211
Depreciation and amortization 79,683 77,485
General and administrative expense 28,309 28,133
Operating expense (exclusive of depreciation and amortization) 32,381 35,198
Transaction related and other costs 7,847 5,687
Gain on sale of real estate 0 (18,999)
Other expense, net 0 (282)
Total costs and expenses 286,207 250,433
Income before income taxes and equity in earnings from unconsolidated entities 7,702 35,985
Income tax benefit (4,518) (5,363)
Net income 12,220 41,348
Net income attributable to noncontrolling interests 0 19
Net income attributable to shareholders 12,220 41,329
Participating securities' share in earnings (335) (436)
Dividends declared on convertible preferred stock (5) (5)
Net income attributable to common shareholders $ 11,880 $ 40,888
Income per common share:    
Basic (in dollars per share) $ 0.05 $ 0.17
Diluted (in dollars per share) $ 0.05 $ 0.16
Weighted-average number of common shares outstanding:    
Basic (in shares) 238,062 236,901
Diluted (in shares) 238,062 292,407
Uniti Leasing    
Revenues:    
Total revenue from rentals $ 220,913 $ 215,992
Total service revenues 1,455 1,629
Uniti Fiber    
Revenues:    
Total revenue from rentals 16,110 12,163
Total service revenues $ 55,431 $ 56,634