HighGravityDataCrown Castle — Oct 22, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001051470-25-000185
Showing in the filing
Escalators (Current Full Year 2025 Outlook Midpoint)
“$95 2.4%”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 41
Site rental revenues (Current Full Year 2025… for FY2025
“$4,030”
Net income (loss) (Current Full Year 2025 Ou… for FY2025
“$285”
Net income (loss) per share—diluted (Current… for FY2025
“$0.65”
Adjusted EBITDA (Current Full Year 2025 Outl… for FY2025
“$2,835”
AFFO (Current Full Year 2025 Outlook Midpoint) for FY2025
“$1,870”
AFFO per share (Current Full Year 2025 Outlo… for FY2025
“$4.29”
Core leasing activity (Current Full Year 202… for FY2025
“$115 2.9%”
Escalators (Current Full Year 2025 Outlook M… for FY2025
“$95 2.4%”
Non-renewals (Current Full Year 2025 Outlook… for FY2025
“($30) (0.8)%”
Change in other billings (Current Full Year … for FY2025
“$5 0.1%”
Organic Contribution to Site Rental Billings… for FY2025
“$185 4.7%”
Site rental billings for FY2025
“$3,895 to $3,925”
Straight-lined revenues for FY2025
“($5) to $25”
Other revenues for FY2025
“$15 to $15”
Site rental revenues for FY2025
“$4,007 to $4,052”
Site rental costs of operations for FY2025
“$967 to $1,012”
Services and other gross margin for FY2025
“$80 to $110”
Net income (loss) for FY2025
“$145 to $425”
Net income (loss) per share-diluted for FY2025
“$0.33 to $0.97”
Adjusted EBITDA for FY2025
“$2,810 to $2,860”
Depreciation, amortization and accretion for FY2025
“$678 to $773”
Income (loss) from discontinued operations, … for FY2025
“($830) to ($590)”
FFO for FY2025
“$1,690 to $1,720”
AFFO for FY2025
“$1,845 to $1,895”
AFFO per share for FY2025
“$4.23 to $4.35”
Discretionary capital expenditures from disc… for FY2025
“$920 to $1,020”
Fiber Business sale transaction value
“$8.5 billion in aggregate”
Fiber Business sale transaction expected clo… for FY2026
“first half of 2026”
Core leasing activity for FY2025
“110 to 120”
Escalators for FY2025
“90 to 100”
Non-renewals for FY2025
“(35) to (25)”
Other billings for FY2025
“5 to 5”
Organic Contribution to Site Rental Billings… for FY2025
“170 to 200”
Non-renewals associated with Sprint Cancella… for FY2025
“(205) to (205)”
Organic Contribution to Site Rental Billings for FY2025
“(35) to (5)”
Site rental revenues as a percentage of prio… for FY2025
“(5.6)%”
Site rental billings growth, excluding impac… for FY2025
“4.7%”
Organic Contribution to Site Rental Billings… for FY2025
“(0.5)%”
Discretionary capital expenditures for FY2025
“$155 to $155”
Discretionary capital expenditures less prep… for FY2025
“$115 to $115”
Interest expense and amortization of deferre… for FY2025
“$957 to $1,002”
Exhibit 99.1 · the passage around this item
… earlier in the release
The following table outlines the components of Organic Contribution to Site Rental Billings, excluding the impact of Sprint Cancellations, and the respective percentage of prior period site rental billings. ($ in millions; totals may not sum due to rounding) Current Full Year 2025 Outlook Midpoint (a) Q3 2025 Q3 2024 Core leasing activity (b) $115 2.9% $33 3.3% $27 2.9% Escalators $95 2.4% $24 2.5% $23 2.5% Non-renewals (b) ($30) (0.8)% $(7) (0.7)% $(8) (0.8)% Change in other billings (b) $5 0.1% $2 0.2% $— —% Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations (b) $185 4.7% $52 5.2% $43 4.5% (a) As issued October 22, 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 third quarter 2025 was $323 million compared to $303 million for third quarter 2024. • Adjusted EBITDA. Third quarter 2025 Adjusted EBITDA was $718 million compared to $777 million for the third quarter 2024. The decrease in the quarter was primarily a result of the lower contribution from site rental revenues, as discussed above. • AFFO and AFFO per share. Third quarter 2025 AFFO was $490 million, or $1.12 per share, representing a 7% decrease from the third quarter of 2024. The pathway to possible. CrownCastle.com News Release continued: Page 3 • Capital expenditures. Capital expenditures from continuing operations during the quar
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.