HighGravityDataCrown Castle — Oct 16, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001051470-24-000206
Showing in the filing
Core leasing activity from towers
“$105 million to $115 million”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 45
Organic Contribution to Site Rental Billings… for FY2024
“15%”
Asset write-down charge from small cell node… for Q4 FY2024
“$125 to $150 million”
Expected fourth-quarter asset write-down cha… for Q4 FY2024
“$125 to $150 million”
Reduction to full year 2024 Outlook for net … for FY2024
“$138 million”
Site rental billings for FY2024
“$5,740 to $5,780”
Straight-lined revenues for FY2024
“$162 to $187”
Site rental revenues for FY2024
“$6,317 to $6,362”
Site rental costs of operations for FY2024
“$1,686 to $1,731”
Services and other gross margin for FY2024
“$65 to $95”
Net income (loss) for FY2024
“$975 to $1,065”
Net income (loss) per share—diluted for FY2024
“$2.24 to $2.45”
Adjusted EBITDA for FY2024
“$4,143 to $4,193”
Depreciation, amortization and accretion for FY2024
“$1,680 to $1,775”
FFO for FY2024
“$2,863 to $2,893”
AFFO for FY2024
“$3,005 to $3,055”
AFFO per share for FY2024
“$6.91 to $7.02”
Towers Segment discretionary capital expendi… for FY2024
“$180 to $180”
Fiber Segment discretionary capital expendit… for FY2024
“$1,050 to $1,150”
Organic Contribution to Site Rental Billings… for FY2024
“4.5%”
Towers site rental billings growth contribut… for FY2024
“4.5%”
Small cells site rental billings growth cont… for FY2024
“15%”
Fiber solutions site rental billings growth … for FY2024
“2%”
Core leasing activity for FY2024
“$305 million to $335 million”
Core leasing activity from towers for FY2024
“$105 million to $115 million”
Core leasing activity from small cells for FY2024
“$65 million to $75 million”
Core leasing activity from fiber solutions for FY2024
“$135 million to $145 million”
Small cell core leasing activity for FY2024
“$70 million”
Small cell organic growth, excluding the imp… for FY2024
“10%”
Increase in full year 2024 expenses attribut… for FY2024
“approximately $30 million”
Decrease in costs related to the reduction i… for FY2024
“an approximately $65 million”
Discretionary capital expenditures for FY2024
“$1.2 billion to $1.3 billion”
Discretionary capital expenditures in the Fi… for FY2024
“approximately $1.1 billion”
Discretionary capital expenditures in the To… for FY2024
“$180 million”
Prepaid rent additions for FY2024
“approximately $355 million”
Prepaid rent additions from Fiber for FY2024
“$275 million”
Prepaid rent additions from Towers for FY2024
“$80 million”
Organic Contribution to Site Rental Billings… for FY2024
“(8)”
Consolidated site rental billings growth, ex… for FY2024
“5%”
Organic Contribution to Site Rental Billings… for FY2024
“(4)”
Organic Contribution to Site Rental Billings… for FY2024
“2%”
Discretionary capital expenditures (less pre… for FY2024
“$1,230 to $1,330”
Discretionary capital expenditures less prep… for FY2024
“$875 to $975”
Interest expense on debt obligations for FY2024
“$915 to $955”
Capitalized interest for FY2024
“$(17) to $(7)”
Interest expense and amortization of deferre… for FY2024
“$926 to $971”
Exhibit 99.1 · the passage around this item
… earlier in the release
Full year consolidated site rental billings growth, excluding the impact of Sprint Cancellations, is expected to be 5%, inclusive of 4.5% from towers, 15% from small cells, and 2% from fiber solutions. • Core leasing activity for full year 2024 is expected to contribute $305 million to $335 million, consisting of $105 million to $115 million from towers (compared to $126 million in full year 2023), $65 million to $75 million from small cells (compared to $28 million in full year 2023), and $135 million to $145 million from fiber solutions (compared to $120 million in full year 2023). • The expected 2024 small cell core leasing activity of $70 million at the midpoint includes $22 million of higher-than-expected non-recurring revenues primarily related to early termination payments which occurred in the third quarter. Excluding the impact of Sprint Cancellations and the increase in non-recurring revenues, small cell organic growth is expected to be 10% in 2024. • The chart below reconciles the components contributing to the year over year change to 2024 AFFO. The pathway to possible. CrownCastle.com News Release continued: Page 5 • The expected increase in full year 2024 expenses includes approximately $30 million of advisory fees primarily related to the recent proxy contest, which is expected to be more than offset by an approximately $65 million decrease in costs related to the reduction in staffing levels and office closures announced in June 2024. • The full year 2024 Outlook for discretionary capital expe
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.