Overview

* Wireless tower operator Crown Castle ( CCI ) Q3 site rental revenues falls 5% yr/yr due to Sprint cancellations

* Net income for Q3 rises 7% yr/yr, reflecting improved profitability

* Adjusted EBITDA for Q3 declines 8% yr/yr, impacted by lower site rental revenues

Outlook

* Crown Castle ( CCI ) raises full-year 2025 site rental revenue forecast by $10 mln

* Company increases full-year 2025 adjusted EBITDA forecast by $30 mln

* Crown Castle ( CCI ) boosts full-year 2025 AFFO forecast by $40 mln

Result Drivers

* SPRINT CANCELLATIONS - Site rental revenues negatively impacted by Sprint cancellations, contributing to a 5.1% decline from Q3 2024

* ORGANIC GROWTH - Excluding Sprint cancellations, site rental billings grew 5.2% organically, driven by core leasing activity and escalators

* EFFICIENCY FOCUS - Co is investing in systems and streamlining processes to enhance operational flexibility and profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Site $1.01

Rental bln

Revenue

Q3 EPS $0.74

Q3 $1.12

Adjusted

FFO Per

Share

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy"

* Wall Street's median 12-month price target for Crown Castle Inc ( CCI ) is $115.00, about 14.2% above its October 21 closing price of $98.65

* The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 55 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)