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
Non-renewals (Current Full Year 2025 Outlook Midpoint)
“($30) (0.8)%”
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 $1,002”
Exhibit 99.1 · the passage around this item
… earlier in the release
($ 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 quarter were $42 million, comprised of $36 million o
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.