Crown Castle (CCI) Earnings Call Presentation

Company Overview - The company focuses on maximizing shareholder value by growing long-term, high-quality dividends[12] - The company aims for a long-term annual dividend per share growth target of 7-8%[14,19] - The company offers an attractive dividend yield of over 6%[19] Infrastructure Assets - The company has over 40,000 towers[11,14] - The company has approximately 115,000 small cells[11] - The company has around 85,000 route miles of fiber[11,14] Financial Stability and Growth - The company has $39 billion in remaining contracted tenant receivables with a weighted average of 6 years of remaining contracted lease payments[20] - As of September 30, 2023, the weighted average coupon was 3.8% and the weighted average life was 7.6 years[39] - As of September 30, 2023, 86% of the debt was fixed and 93% was unsecured[39] - The company's cash site rental revenues have grown from $238 million in 2000 to $3,814 million in 2023[43] - The company's yield has increased from 3.3% in 2000 to 12.7% in 2023[43]