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
Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations (Outlook Midpoint)
“$175 4.5%”
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 $1,027”
Exhibit 99.1 · the passage around this item
… earlier in the release
($ 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 costs primarily driven by the reduction in staffing levels and office closures announced in June 2024 and the absence of advisory fees incurred in the first quarter 2024, and a $6 millio
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.