HighGravityDataCrown Castle — Apr 30, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001051470-25-000124
Showing in the filing
Non-renewals (Outlook Midpoint)
“($30) (0.8%)”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 45
Site rental revenues (Outlook Midpoint) for FY2025
“$4,010”
Net income (loss) (Outlook Midpoint) for FY2025
“$205”
Net income (loss) per share—diluted (Outlook… for FY2025
“$0.47”
Adjusted EBITDA (Outlook Midpoint) for FY2025
“$2,780”
AFFO (Outlook Midpoint) for FY2025
“$1,795”
AFFO per share (Outlook Midpoint) for FY2025
“$4.12”
Annualized dividend per share for Q2 FY2025
“$4.25”
Annualized dividend per share (anticipated r… for Q2 FY2025
“$4.25”
Core leasing activity (Outlook Midpoint) for FY2025
“$110 2.8%”
Escalator (Outlook Midpoint) for FY2025
“$95 2.4%”
Non-renewals (Outlook Midpoint) for FY2025
“($30) (0.8%)”
Change in other billings (Outlook Midpoint) for FY2025
“$0 0.0%”
Organic Contribution to Site Rental Billings… for FY2025
“$175 4.5%”
Target dividend payout ratio
“approximately 75-80% of AFFO excluding amortization of prepaid rent”
Site rental billings for FY2025
“$3,885 to $3,915”
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”
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 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
“(6.0)%”
Organic Contribution to Site Rental Billings… for FY2025
“4.5%”
Site rental billings growth, excluding impac… for FY2025
“4.5%”
Site rental billings growth, excluding the i… for FY2025
“4.5%”
Organic Contribution to Site Rental Billings… for FY2025
“(0.8)%”
Prepaid rent additions for FY2025
“~$40”
Discretionary capital expenditures less prep… for FY2025
“$145 to $145”
Interest expense and amortization of deferre… for FY2025
“$982 to $1,027”
Exhibit 99.1 · the passage around this item
… earlier in the release
First quarter 2025 includes a $3 million impact from other billings largely related to intercompany back-billings, which are not expected to recur. ($ in millions) Current Full Year 2025 Outlook Midpoint (a) Q1 2025 Q1 2024 Core leasing activity (b) $110 2.8% $28 2.9% $28 3.0% Escalator $95 2.4% $24 2.5% $23 2.5% Non-renewals (b) ($30) (0.8%) ($7) (0.7%) ($8) (0.9%) Change in other billings (b) $0 0.0% $3 0.3% $0 0.1% Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations (b) $175 4.5% $49 5.1% $43 4.6% The pathway to possible. CrownCastle.com News Release continued: Page 3 (a) As issued April 30, 2025 and unchanged from the previous Outlook issued on March 13, 2025. (b) See " Non-GAAP Measures and Other Information " for our definitions of core leasing activity, non-renewals, other billings and Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations. • Net income (loss). Net income (loss) for the first quarter 2025 was ($464) million compared to $311 million for the first quarter 2024, reflecting the impact of an $830 million loss associated with the agreement announced in March 2025 to sell Crown Castle's Fiber Business. • Adjusted EBITDA. First quarter 2025 Adjusted EBITDA was $722 million compared to $754 million for the first quarter 2024. The decrease in the year was a result of the lower contribution from site rental revenues, as discussed above, partially offset by a $21 million decrease in selling, general, and administrative cos
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.