Urges Shareholders to Vote "FOR" ONLY Crown Castle's 12 Qualified and Experienced Director Nominees on the WHITE Proxy Card Ted Miller's Self-Serving Campaign Risks Derailing Important Work Underway and Is Not Aligned with Interests of Shareholders HOUSTON, April 25, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle" or the "Company") today sent a letter to shareholders in connection with its upcoming 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting") scheduled for May 22, 20 ...

Urges Shareholders to Vote the GOLD Proxy Card "FOR" Boots Capital's Four Highly Qualified Director Nominees – Ted Miller, Charles Green, David Wheeler, and Tripp Rice – and "WITHHOLD" on ALL Crown Castle Nominees Files Definitive Proxy Materials and Mails Letter to Crown Castle Shareholders Launches www.RebootCrownCastle.com HOUSTON, April 22, 2024 /PRNewswire/ -- Ted B. Miller, co-founder and former Executive Chairman & Chief Executive Officer of Crown Castle Inc., (NYSE: CCI) ("Crown Castle" or the "Comp ...

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Outfront Media (OUT) and Crown Castle (CCI) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and ...

HOUSTON, April 19, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle" or the "Company") today issued the following statement: Consistent with the Boots Group's approach throughout its campaign, Ted Miller has again pursued a litigation strategy that is attempting to interfere with Crown Castle's critical strategic and operational initiatives. In his most recent motion, Ted Miller is seeking to prevent the Company from expanding the size of its Board, which the Board has recently done by a ...

Crown Castle Inc. (CCI) reported first-quarter 2024 adjusted funds from operations (AFFO) per share of $1.72, outpacing the Zacks Consensus Estimate by a penny. However, the reported figure declined 9.9% from the year-ago quarter.Results reflect better-than-anticipated revenues. However, higher interest expense on debt obligations and lower contributions from adjusted EBITDA were undermining factors. CCI maintained its outlook for 2024.Net revenues of $1.64 billion, too, beat the Zacks Consensus Estimate of ...

Crown Castle Inc.’s (CCI) first-quarter 2024 adjusted funds from operations (AFFO) per share of $1.72 surpassed the Zacks Consensus Estimate of $1.71. Net revenues of $1.64 billion outpaced the Zacks Consensus Estimate of $1.63 billion.However, AFFO per share reported a 9.9% decline year over year. Net revenues fell 7.4% year over year.Site-Rental Revenues DecreaseCCI’s total site-rental revenues fell 2.2% year over year to $1.59 billion in the first quarter of 2024. The figure was higher than our estimate ...

Financial Data and Key Metrics Changes - The company reported a year-over-year decrease in site rental revenues, adjusted EBITDA, and AFFO due to non-cash and one-time items, including a $50 million reduction in site rental revenues related to Sprint cancellations and a combined $54 million reduction in non-cash items [48][49] - The company ended the quarter with approximately $6 billion of availability under its revolving credit facility and only $2 billion of debt maturities occurring through 2025, indicating strong liquidity [25] Business Line Data and Key Metrics Changes - The company achieved 5% organic growth in the first quarter, consisting of 4.6% growth from towers, 16% growth from small cells, and 2% growth from fiber solutions [95] - The expected organic contribution to full year site rental billings remains unchanged with consolidated organic growth of 2% or 5% exclusive of the impact from Sprint cancellations [89] Market Data and Key Metrics Changes - The company anticipates 16,000 new billable nodes in small cells for 2024, up from 8,000 nodes in 2023, reflecting a significant increase in market activity [89] - The company noted that the first half of 2024 is expected to be the low point for AFFO per share, with growth anticipated in the second half [69] Company Strategy and Development Direction - The strategic review of the fiber business is a top priority, with the goal of enhancing and unlocking shareholder value [20][42] - The company is open to various transaction structures regarding the fiber business, including potential sales of partial stakes [90][102] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term future of communications infrastructure needs and the U.S. market's potential [44][46] - The new CEO emphasized the importance of operational efficiency and enhancing customer service to improve performance and capture market share [46][99] Other Important Information - The company has engaged with multiple parties interested in potential transactions involving its fiber business, indicating ongoing strategic discussions [42] - The company has made substantial progress on its strategic and operational review of the fiber business [100] Q&A Session All Questions and Answers Question: Insights from Shareholders and Fiber Strategic Review - Management indicated that shareholders generally support the strategic review of the fiber business, but opinions vary on the definitive direction [54] Question: Dividend Philosophy and Future Growth - The board recognizes the importance of dividends to investors and supports maintaining a strong balance sheet to support future dividend growth [36] Question: Timing for Strategic Review Updates - Management stated that while progress has been made, no specific timeline for updates can be provided [55] Question: Core Business Momentum and Future Guidance - Management reiterated that they expect to remain within the previously provided guidance range for the year, with no significant changes anticipated [60] Question: Cost Optimization Efforts - Management confirmed ongoing efforts to find additional cost savings, with no specific plans announced at this time [61] Question: Separation of Small Cell and Fiber Solutions - Management acknowledged that separating the small cell business from the fiber solutions business is feasible and could provide more alternatives [78] Question: Carrier Activity and 5G Upgrades - Management noted that while 5G upgrades are ongoing, predicting the exact timing for densification efforts remains challenging [82] Question: Impact of Strategic Review on Customer Behavior - Management reported no material changes in customer behavior or pacing due to the strategic review [131] Question: Discretionary Capital Expenditure Commitments - Management confirmed that long-term commitments based on contracts will be honored, and guidance for 2024 remains unchanged [142] Question: Future Strategy Post-Fiber Review - Management clarified that the current strategic review is focused solely on the fiber business, with future strategies to be determined later [146]

| --- | --- | |--------------------------|-------------------------------------------------------------------------------| | | | | | | | April 17, 2024 | | | First Quarter 2024 | | | Earnings Conference Call | | | | 1 First Quarter 2024 Earnings Conference Call The pathway to possible. PAGE | This presentation contains forward-looking statements and information ("Forward-Looking Statements") that are based on our management's current expectations. Statements that are not historical facts are hereby identifi ...

Crown Castle (CCI) reported $1.64 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 7.5%. EPS of $1.72 for the same period compares to $0.97 a year ago.The reported revenue represents a surprise of +0.78% over the Zacks Consensus Estimate of $1.63 billion. With the consensus EPS estimate being $1.71, the EPS surprise was +0.58%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

Crown Castle (CCI) came out with quarterly funds from operations (FFO) of $1.72 per share, beating the Zacks Consensus Estimate of $1.71 per share. This compares to FFO of $1.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 0.58%. A quarter ago, it was expected that this operator of wireless communications towers would post FFO of $1.79 per share when it actually produced FFO of $1.82, delivering a surprise of 1.68%.Over the last ...