Crown Castle — Mar 13, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001051470-25-000085
Showing in the filing
Site rental revenues
“$3,987 to $4,032”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 52
Annualized dividend for Q2 FY2025
“approximately $4.25 per share”
Expected Transaction closing
“first half of 2026”
Share repurchase program
“approximately $3.0 billion”
Annualized dividend
“an amount approximating 75% to 80% of AFFO excluding amortization of prepaid rent”
Annualized dividend (post-Transaction target)
“approximating 75% to 80% of AFFO excluding amortization of prepaid rent”
Target leverage
“6.0-6.5x”
Target leverage for the long term
“6.0-6.5x”
Loss to be recognized upon classification of… for Q1 FY2025
“approximately $800 million”
Estimated total loss on Fiber segment sale for FY2025
“between $700 million and $900 million”
Total loss related to Fiber segment, inclusi… for FY2025
“between $700 million and $900 million”
Site rental billings for FY2025
“$3,885 to $3,915”
Amortization of prepaid rent for FY2025
“$80 to $110”
Straight-lined revenues for FY2025
“($15) to $15”
Other revenues for FY2025
“$15 to $15”
Site rental revenues for FY2025
“$3,987 to $4,032”
Site rental costs of operations for FY2025
“$987 to $1,032”
Services and other gross margin for FY2025
“$70 to $100”
Net income (loss) for FY2025
“$65 to $345”
Net income (loss) per share-diluted for FY2025
“$0.15 to $0.79”
Adjusted EBITDA for FY2025
“$2,755 to $2,805”
Depreciation, amortization and accretion for FY2025
“$678 to $773”
Net income (loss) from discontinued operations for FY2025
“($830) to ($590)”
FFO for FY2025
“$1,610 to $1,640”
AFFO for FY2025
“$1,770 to $1,820”
AFFO per share for FY2025
“$4.06 to $4.17”
Discretionary capital expenditures for FY2025
“$185 to $185”
Discretionary capital expenditures from disc… for FY2025
“$920 to $1,020”
Core leasing activity contribution at outloo… for FY2025
“$110 million”
Sprint Cancellations for FY2025
“$205 million”
Straight-line site rental revenues (vs FY2024) for FY2025
“approximately $145 million to $175 million lower than full year 2024”
Prepaid rent amortization (decrease) for FY2025
“approximately $50 million to $80 million”
Impact from change in other billings for FY2025
“$0”
Core leasing – prior definition for FY2025
“$110”
Prepaid rent additions for FY2025
“approximately $40 million”
Prepaid rent additions from discontinued ope… for FY2025
“approximately $350 million”
Consolidated site rental billings growth, ex… for FY2025
“4.5%”
Core leasing activity for FY2025
“$105 to $115”
Escalators for FY2025
“$90 to $100”
Non-renewals for FY2025
“$(35) to $(25)”
Other billings for FY2025
“$0 to $0”
Organic Contribution to Site Rental Billings… for FY2025
“$160 to $190”
Non-renewals associated with Sprint Cancella… for FY2025
“$(205) to $(205)”
Organic Contribution to Site Rental Billings for FY2025
“$(45) to $(15)”
Site rental revenues as a percentage of prio… for FY2025
“(5.1)%”
Organic Contribution to Site Rental Billings… for FY2025
“4.5%”
Organic growth in towers, excluding the impa… for FY2025
“4.5%”
Organic Contribution to Site Rental Billings… for FY2025
“(0.8)%”
Discretionary capital expenditures less prep… for FY2025
“$145 to $145”
Interest expense on debt obligations for FY2025
“$970 to $1,010”
Amortization of deferred financing costs and… for the long term
“$20 to $30”
Capitalized interest for FY2025
“$(15) to $(5)”
Interest expense and amortization of deferre… for FY2025
“$982 to $1,027”
Exhibit 99.1 · the passage around this item
… earlier in the release
CrownCastle.com News Release continued: Page 6 (in millions, except per share amounts) Full Year 2025 Site rental billings (a) $3,885 to $3,915 Amortization of prepaid rent $80 to $110 Straight-lined revenues ($15) to $15 Other revenues $15 to $15 Site rental revenues $3,987 to $4,032 Site rental costs of operations (b) $987 to $1,032 Services and other gross margin $70 to $100 Net income (loss) (c) $65 to $345 Net income (loss) per share—diluted (c) $0.15 to $0.79 Adjusted EBITDA (a) $2,755 to $2,805 Depreciation, amortization and accretion $678 to $773 Interest expense and amortization of deferred financing costs, net (d) $982 to $1,027 Net income (loss) from discontinued operations (e) ($830) to ($590) FFO (a) $1,610 to $1,640 AFFO (a) $1,770 to $1,820 AFFO per share (a) $4.06 to $4.17 Discretionary capital expenditures (a) $185 to $185 Discretionary capital expenditures from discontinued operations (e) $920 to $1,020 (a) See " Non-GAAP Measures and Other Information " for further information and reconciliation of non-GAAP financial measures to net income (loss), including on a per share basis, and for definition of site rental billings and discretionary capital expenditures. (b) Exclusive of depreciation, amortization and accretion. (c) Includes contributions from discontinued operations. (d) See " Non-GAAP Measures and Other Information " for the reconciliation of " Outlook for Components of Interest Expense." (e) Represents results from the Fiber business
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.