Uniti Group Inc. - Common Stock (UNIT)

Uniti Group shares are trading lower by 11.2% during Monday's session. The company announced plans for a $300 million offering.

UNIT stock results show that Uniti Group missed on revenue for the first quarter of 2024.

Uniti Group announces a 20-year contract for a major long-haul fiber project connecting key data centers, while also recently pricing a $589M note offering to support its expansion.

The combination of lower demand and higher costs created substantial headwinds for growth and dividend distributions. As a result, many REITs cut or suspended their dividends in 2024.

Companies Reporting Before The Bell • Frontline (NYSE:FRO) is expected to report quarterly earnings at $0.46 per share on revenue of $276.19 million.

ETFs offer a good way to own a diversified portfolio of income-producing equities.

When it comes to the following seven REITs to sell, take heed of the Wall Street adage, "sell in May and go away."