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
Organic growth, excluding impact of Sprint Cancellations
“4.7%”
Period
FY2025
Measure
Company-defined measure
Source
Prose
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
(b) 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. HIGHLIGHTS FROM THE QUARTER • Site rental revenues. Organic Contribution to Site Rental Billings was $45 million, or 4.7% organic growth from second quarter 2024, excluding an unfavorable $51 million impact from Sprint Cancellations. Site rental revenues were also negatively impacted by a $16 million decrease in amortization of prepaid rent and a $34 million decrease in straight-lined revenues, resulting in a decline in site rental revenues of $56 million, or 5.3% from second quarter 2024 to second quarter 2025. The following table outlines the components of Organic Contribution to Site Rental Billings, excluding the impact of Sprint Cancellations, and the respective percentage of prior period site rental billings. ($ in millions) Current Full Year 2025 Outlook Midpoint (a) Q2 2025 Q2 2024 Core leasing activity (b) $115 2.9% $28 2.9% $28 3.0% Escalator $95 2.4% $24 2.5% $23 2.4% Non-renewals (b) ($30) (0.8%) ($7) (0.7%) ($7) (0.8%) Change in other billings (b) $5 0.1% $0 0.0% $2 0.2% Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations (b) $185 4.7% $45 4.7% $45 4.8% (a) As issued July 23, 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 Bi
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.