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
Annualized dividend per share (anticipated reduction)
“$4.25”
Period
Q2 FY2025
Measure
Declared action
Source
Prose
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
We continue to focus on maximizing top- and bottom-line results in our tower business by improving customer service, operational excellence and profitability. To help capitalize on this opportunity, as we announced last quarter, we have revised our capital allocation framework, which includes an anticipated reduction in our annualized dividend per share to $4.25 in the second quarter, to balance the predictable return of capital to shareholders with financial flexibility and balance sheet strength. We believe these areas of focus and our capital allocation framework position our pure-play tower business to deliver substantial long-term shareholder value." The pathway to possible. CrownCastle.com News Release continued: Page 2 FIBER BUSINESS ACCOUNTING TREATMENT As a result of the agreement announced in March 2025 to sell Crown Castle's historically reported Fiber segment, together with certain supporting assets and personnel ("Fiber Business"), the results and net assets of the Fiber Business are presented within the financial statements as discontinued operations, with comparable prior periods recast to reflect this change. Due to being presented as discontinued operations, contributions from the Fiber Business are included in net income (loss) and net income (loss) per share but excluded from all other results and Outlook components unless otherwise noted. RESULTS FOR THE QUARTER The table below sets forth select financial results for the periods ended March 31, 2025 and March 31, 2024. (dollars in millions, except per share am
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.