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 a percentage of prior year site rental billings
“(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
CrownCastle.com News Release continued: Page 14 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 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 (6.0)% (f) 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 April 30, 2025 and unchanged from the previous Outlook issued on March 13, 2025. Represents Outlook for continuing operations only. (b) Reflects prior year Towers segment site rental billings as historically reported. The financial impact of prior year Fiber segment site rental billings as historically reported is excluded since such billings are included in discontinued operations for 2025. (c) See our definitions of site rental billings, core leasing activity, non-renewals, other billings, 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 Measures and Other Information." (d) Represents the contribution from recent acquisitions. The financial impact of recent acquisitions is excluded from Organic Contribution to Site Rental Billings, including as Adjusted for Impact of Sprint Cancellations, until the one-year anniversary of such acquisitions. (e) Calculated based on midpoint of full year 2025 Outlook, where applicable. (f) Percentage is corrected from the earnings release issued on March 13, 2025. The pathway to possible. Crow
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.