Crown Castle Inc. (NYSE:CCI) Nareit REIT Week: 2024 Investor Conference June 4, 2024 1:30 PM ET Company Participants Daniel Schlanger - Chief Financial Officer Conference Call Participants Simon Flannery - Morgan Stanley Simon Flannery All right. Good afternoon, everybody. I'm Simon Flannery, Telco Services and Comm Infrastructure Analyst at Morgan Stanley. And it's my great pleasure to welcome Dan Schlanger, CFO at Crown Castle. Welcome, Dan. Daniel Schlanger Thanks. Thanks for doing this. Question-and-Ans ...

The real estate investment trust (REIT) industry has been a favorite among income investors and dividend seekers. Why? Because REIT stocks provide a steady monthly or quarterly distribution while also providing stability to any portfolio. In exchange for this stability and consistency, you generally will see relatively little price appreciation for REIT stocks, which can sometimes cap the potential upside of your investment. REITs also aren't valued by regular price multiples like other stocks. Instead, REI ...

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Outfront Media (OUT) and Crown Castle (CCI) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight co ...

Core Viewpoint - The article emphasizes the attractiveness of dividend stocks, particularly Energy Transfer and Crown Castle, which are undervalued and provide high yields, while also owning essential infrastructure assets that offer downside protection. Group 1: Energy Transfer (ET) - Energy Transfer offers an 8% yield and is a significant player in the energy midstream sector, with a robust network for transporting natural gas, crude oil, and refined products [2][10] - Distributable cash flow (DCF) for ET grew by $350 million year-over-year to $2.36 billion in Q1 2024, driven by growth projects and a 44% increase in crude oil transport volumes [3][7] - The company is well-positioned to meet global energy demand, particularly due to the ongoing energy crisis in Europe, with several expansion projects underway [4][5] - Management raised the 2024 adjusted EBITDA guidance to $15.15 billion, supported by a strong balance sheet and improved credit ratings from S&P and Fitch [6] - The distribution yield is well-covered by a 2.3x DCF-to-Distribution coverage ratio, with a 3.3% year-over-year increase in distributions [7][9] - ET is currently undervalued compared to peers, with a price-to-cash flow (P/CF) ratio of 5.3x, significantly lower than Enterprise Products Partners and MPLX [8][9] Group 2: Crown Castle (CCI) - Crown Castle provides a 6% yield and operates a vast network of cell towers and fiber, essential for communications infrastructure [10][12] - Despite a 2% decline in site revenue and a 6% drop in adjusted EBITDA in Q1 2024, the decline was attributed to one-time cancellations from Sprint due to the T-Mobile merger [11] - CCI generated 5% organic revenue growth, with significant contributions from small cells and tower growth, indicating resilience in its business model [11][14] - The company is expected to add 16,000 new billable nodes this year, supported by a strong balance sheet with $6 billion in liquidity [15][16] - CCI's current yield is 6.2%, with potential for improved dividend coverage as organic growth rebounds [16][18] - The company is positioned to benefit from the growing demand for communications infrastructure, particularly with the expansion of 5G networks and AI applications [13][20]

ROLLING MEADOWS, Ill., May 23, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Golden Valley, Minnesota-based CCI Surety, Inc. Terms of the transaction were not disclosed. Founded by Michael Williams and led by Jeremy Crawford, CCI Surety is a managing general underwriter (MGU) specializing in wholesale contract and commercial surety bonds for retail agents throughout ...

HOUSTON, May 22, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle" or the "Company") announced today that, based on preliminary information from the Company's proxy solicitor, Crown Castle's entire slate of 12 nominees has been elected to the Company's Board of Directors ("Board") at the 2024 Annual Meeting of Stockholders. The Company issued the following statement: We thank our shareholders for the trust they have placed in our highly qualified board members as they oversee the creatio ...

6 Safe Blue Chip Dividend Stocks That Yield More Than Treasury Bonds Riddy / iStock via Getty Images Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%. Therefore, sustainable dividend income and capital appreciation potential are essential for total return expectations. Most dividend investors aim to secure a reliable passive income stream from quality dividend stocks. Passive income is a consistent unearned income ...

Egan-Jones joins ISS in Recommending Shareholders Vote "FOR" ONLY Crown Castle's 12 Highly Qualified Nominees on the WHITE Proxy Card or Voting Instruction Form Crown Castle Board Urges Shareholders to Vote TODAY; May 22nd Annual Meeting is Fast Approaching HOUSTON, May 20, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle" or the "Company") today announced that proxy advisory firm Egan-Jones has joined Institutional Shareholder Services ("ISS") in recommending that shareholders vote on t ...

Yes, some of the most attractive income stocks have ties to the tech industry. Crown Castle Alphabet's recent decision to issue a dividend reinforces a notable trend: the evolution of tech stocks as dividend payers. This is significant since many tech stocks tend to eschew dividends in favor of reinvesting for growth. It also confirms an impulse to offer payouts once they reach maturity. Admittedly, Alphabet's dividend return of 0.5% is too small for it to attract the attention of income investors. Nonethel ...

Group 1 - Crown Castle has experienced over a decade of underperformance, with total shareholder returns lagging due to capital misallocation, a debt-fueled dividend, and execution failures [4][5] - Boots Capital's nominees possess critical tower industry experience and a detailed plan to restore Crown Castle's value for shareholders [6][9] - Shareholders have expressed frustration with the company's governance and lack of strategic planning, highlighting the need for change at the board level [2][4] Group 2 - The current board lacks independent directors with tower company operating experience, which is a significant weakness for a tower company [7] - There is no CEO succession plan in place, which has led to costly disruptions for shareholders [7] - The board's decision to embark on a $22 billion fiber project without considering Return on Invested Capital as a measurement for compensation has misaligned incentives [8] Group 3 - Boots Capital's nominees have extensive experience in building and running large-scale tower companies, contrasting with the long-tenured directors who lack relevant experience [9][10] - The current board has been criticized for its governance failures and for not engaging constructively with Boots Capital [14] - Boots Capital aims to work collaboratively with the board and new CEO to enhance Crown Castle's operations and shareholder value [11]