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
Discretionary capital expenditures in the Towers segment
“$180 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
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 expenditures is $1.2 billion to $1.3 billion, including approximately $1.1 billion in the Fiber segment and $180 million in the Towers segment, and prepaid rent additions are expected to be approximately $355 million in 2024, including $275 million from Fiber and $80 million from Towers. Additional information is available in Crown Castle's quarterly Supplemental Information Package posted in the Investors section of our website. CONFERENCE CALL DETAILS Crown Castle has scheduled a conference call for Wednesday, October 16, 2024, at 5:00 p.m. Eastern time to discuss its third quarter 2024 results. A listen only live audio webcast of the conference call, along with supplemental materials for the call, can be accessed on the Crown Castle website at https://investor.crowncastle.com. Participants may join the conference call by dialing 833-816-1115 (Toll Free) or 412-317-0694 (International) at least 30 minutes prior to the start time. All dial-in participants should ask to join the Crown Castle call. A replay of the webcast will be available on the Investor page of Crown Castle's website until end of day, Thursday, October 16, 2025. ABOUT CROWN CASTLE Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber soluti
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.