Crown Castle International (CCI) delivered a report the market hated initially, before deciding that it wasn’t nearly so bad. There are a few things you need to know: CCI still has a huge disposition (selling fiber and small cell assets) scheduled for the middle of 2026. This complicates the financial statements due to “discontinued operations.” CCI cannot include the net operating income from those assets, but still has to deduct the interest expense. EchoStar (SATS) defaulting on rent complicated values ...