HighGravityDataCrown Castle — Jul 23, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001051470-25-000159
Showing in the filing
AFFO
“$1,805 to $1,855”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 31
Site rental revenues (Outlook Midpoint) for FY2025
“$4,020”
Net income (loss) (Outlook Midpoint) for FY2025
“$240”
Net income (loss) per share—diluted (Outlook… for FY2025
“$0.55”
Adjusted EBITDA (Outlook Midpoint) for FY2025
“$2,805”
AFFO (Outlook Midpoint) for FY2025
“$1,830”
AFFO per share (Outlook Midpoint) for FY2025
“$4.20”
Site rental billings growth, excluding the i… for FY2025
“4.7%”
Reduction in overhead costs for FY2025
“$10 million”
Organic growth, excluding impact of Sprint C… for FY2025
“4.7%”
Site rental billings for FY2025
“$3,895 to $3,925”
Straight-lined revenues for FY2025
“($15) to $15”
Other revenues for FY2025
“$15 to $15”
Site rental revenues for FY2025
“$3,997 to $4,042”
Services and other gross margin for FY2025
“$75 to $105”
Net income (loss) for FY2025
“$100 to $380”
Net income (loss) per share-diluted for FY2025
“$0.23 to $0.87”
Adjusted EBITDA for FY2025
“$2,780 to $2,830”
Depreciation, amortization and accretion for FY2025
“$678 to $773”
Income (loss) from discontinued operations, … for FY2025
“($830) to ($590)”
FFO for FY2025
“$1,645 to $1,675”
AFFO for FY2025
“$1,805 to $1,855”
AFFO per share for FY2025
“$4.14 to $4.25”
Discretionary capital expenditures from disc… for FY2025
“$920 to $1,020”
Change in other billings, expected increase … for FY2025
“$5 million”
Core leasing activity, expected increase fro… for FY2025
“$5 million”
Organic Contribution to Site Rental Billings… for FY2025
“$170 to $200”
Discretionary capital expenditures for FY2025
“$185 to $185”
Prepaid rent additions for FY2025
“~$40”
Discretionary capital expenditures less prep… for FY2025
“$145 to $145”
Interest expense and amortization of deferre… for FY2025
“$972 to $1,017”
Site rental costs of operations for FY2025
“$972 to $1,017”
Exhibit 99.1 · the passage around this item
… earlier in the release
(in millions, except per share amounts) Full Year 2025 (a) Changes to Midpoint from Previous Outlook (b) Site rental billings (c) $3,895 to $3,925 $10 Amortization of prepaid rent $80 to $110 $0 Straight-lined revenues ($15) to $15 $0 Other revenues $15 to $15 $0 Site rental revenues $3,997 to $4,042 $10 Site rental costs of operations (d) $972 to $1,017 ($15) Services and other gross margin $75 to $105 $5 Net income (loss) (e) $100 to $380 $35 Net income (loss) per share—diluted (e) $0.23 to $0.87 $0.08 Adjusted EBITDA (c) $2,780 to $2,830 $25 Depreciation, amortization and accretion $678 to $773 $0 Interest expense and amortization of deferred financing costs, net (f) $972 to $1,017 ($10) Income (loss) from discontinued operations, net of tax (g) ($830) to ($590) $0 FFO (c) $1,645 to $1,675 $35 AFFO (c) $1,805 to $1,855 $35 AFFO per share (c) $4.14 to $4.25 $0.08 Discretionary capital expenditures (c) $185 to $185 $0 Discretionary capital expenditures from discontinued operations (c)(h) $920 to $1,020 $0 (a) As issued on July 23, 2025. (b) As issued on April 30, 2025. (c) See " Non-GAAP Measures and Other Information " for further information and reconciliation of non-GAAP financial measures to net income (loss), including on a per share basis, and for definition of site rental billings and discretionary capital expenditures. (d) Exclusive of depreciation, amortization and accretion. (e) Includes contributions from discontinued operations. (f) See " Non-GAAP Measures and Other Information " for the reconciliation of " Outlook for Components of Interest Expense." (g) Represents expected results from the Fiber Business, including the estimated loss on disposal. (h) Represents discretionary capital expenditures for the Fiber Business. • The following chart reconciles the components contributing to the expected 2025 decrease in site rental revenues. Full year site rental billings growth, excluding the impact of Sprint Cancellations, is expected to increase from 4.5% reflected in the previous Outlook
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.