04:53 PM EDT, 04/17/2024 (MT Newswires) -- Crown Castle ( CCI ) reported Q1 adjusted funds from operations late Wednesday of $1.72 per diluted share, down from $1.91 a year earlier.

Analysts polled by Capital IQ expected $1.72.

Revenue for the quarter ended March 31 was $1.64 billion, down from $1.77 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.63 billion.

For 2024, the real estate investment trust reiterated its prior forecast expecting AFFO of $6.91.

Analysts are looking for AFFO of $6.92 this year.

Crown Castle ( CCI ) shares were 0.4% up in after-hours trading.