HighGravityDataCrown 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
Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations
“$160 to $190”
Period
FY2025
Measure
Company-defined measure
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 20 Components of Changes in Site Rental Revenues for Current Outlook for Full Year 2025: (dollars in millions; totals may not sum due to rounding) Full Year 2025 Outlook (a) Components of changes in site rental revenues: Prior year Tower segment site rental billings (b)(c) $3,931 Core leasing activity (c) $105 to $115 Escalators $90 to $100 Non-renewals (c) $(35) to $(25) Other billings (c) $0 to $0 Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations (c) $160 to $190 Non-renewals associated with Sprint Cancellations (c) $(205) to $(205) Organic Contribution to Site Rental Billings (c) $(45) to $(15) Straight-lined revenues $(15) to $15 Amortization of prepaid rent $80 to $110 Other revenues $15 to $15 Acquisitions (d) — Total site rental revenues $3,987 to $4,032 Year-over-year changes in revenues: (e) Site rental revenues as a percentage of prior year site rental revenues (5.1)% Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations as a percentage of prior year site rental billings (c) 4.5% Organic Contribution to Site Rental Billings as a percentage of prior year site rental billings (c) (0.8)% (a) As issued on March 13, 2025. (b) Reflects prior year Towers segment site rental billings. The financial impact of prior year Fiber segment site rental billings is excluded since such billings will be included in discontinued operations for 2025. (c) See our definitions of site rental billings, core leasing activity, non-renewals, Sprint Cancellations, Organic Contribution to Site Rental Billings, and Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations in this " Non-GAAP
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.