Crown Castle Inc. (CCI)

Crown Castle reported third-quarter 2025 adjusted funds from operations (AFFO) per share of $1.12, surpassing analyst estimates, and raised its outlook for 2025 AFFO guidance. The company announced plans to sell its Fiber and Small Cell businesses, leading to a reduction in its annual dividend to $4.25 per share starting Q2 2025. Several research firms adjusted their ratings and price targets for CCI, including downgrades from New Street Research and price target cuts from JPMorgan Chase & Co. Crown Castle terminated its wireless infrastructure agreement with Dish Wireless due to Dish's failure to meet payment obligations. The company's stock price has declined, setting a new 52-week low in January 2026.

Crown Castle's revenue is largely based on long-term contracts, driven by the increasing wireless data consumption. While there isn't explicit information indicating strong seasonal fluctuations, the company experienced a slowdown in tower activity in the second quarter of 2024 due to the early stage of the 5G investment cycle, but anticipates continued strong organic growth in its tower business.

Crown Castle, Inc. (CCI) is a real estate investment trust (REIT) specializing in shared communications infrastructure in the United States. It owns, operates, and leases infrastructure for wireless communication, including cell towers and fiber networks. The company's services include leasing space on its infrastructure and offering communications and network services to major customers like AT&T, Verizon Wireless, and T-Mobile.

Crown Castle's operations are exclusively focused on the United States, with its infrastructure spanning every major U.S. market, including Hawaii and Puerto Rico.

Crown Castle has highlighted its commitment to ESG initiatives, showcasing progress towards carbon neutrality and strong safety performance in its 2024 Sustainability Report. Steven Moskowitz was appointed as the new CEO, and a strategic review of the fiber and small cell business was initiated. The termination of the agreement with Dish Wireless could potentially be perceived negatively.

Crown Castle's ownership is predominantly institutional, with approximately 95.01% to 98.42% of shares held by institutional shareholders, including Vanguard Group Inc and BlackRock, Inc. Individual and insider ownership is relatively low, around 1.08% to 29.68%, with Spo Advisory Corp owning 21.98% of the company's shares.