Crown Castle Inc. (NYSE: CCI) operates as a U.S.-focused wireless tower REIT that owns, operates and leases approximately 40,000 cell towers. Following the completed sale of its Fiber Solutions and Small Cell businesses, company updates center on tower leasing, site rental revenue, wireless carrier relationships, capital allocation and debt reduction.
Recurring Crown Castle news includes quarterly and annual operating results, outlook updates, common stock dividends, tax reporting for distributions, stock repurchase plans, credit and balance-sheet actions, customer contract matters and governance or executive-compensation developments tied to its communications infrastructure portfolio.
Crown Castle International Corp. (NYSE: CCI) announced that Dan Schlanger, the company's Executive Vice President and CFO, will present at Nareit’s REITweek: 2021 Virtual Investor Conference on June 9, 2021, at 11:00 a.m. Eastern Time. The presentation will last about 30 minutes and will be accessible online via the Nareit REITweek website. With over 40,000 cell towers and approximately 80,000 miles of fiber, Crown Castle plays a critical role in connecting communities through essential data and wireless services.
Crown Castle International Corp. (NYSE: CCI) announced that its Chief Financial Officer, Dan Schlanger, will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 26, 2021, at 11:10 a.m. Eastern Time. The presentation will be streamed live for approximately 35 minutes and can be accessed via the company’s website, where it will also be archived. Crown Castle operates over 40,000 cell towers and 80,000 route miles of fiber across the U.S., providing vital communication infrastructure.
Crown Castle International Corp. reported Q1 2021 earnings with site rental revenues increasing by 5% to $1.369 billion compared to Q1 2020. However, net income fell 35% year-over-year to $121 million, affected by a $143 million loss from refinancing activities. The company raised its full-year 2021 outlook, anticipating AFFO per share growth of 20% to $1.71. Capital expenditures were reported at $302 million, with a notable focus on 5G network development. Crown Castle expects strong market growth from the ongoing 5G deployment.
Crown Castle International Corp. (NYSE: CCI) will release its Q1 2021 results on April 21, 2021, after market close. A conference call is scheduled for April 22, 2021, at 10:30 a.m. ET, accessible via phone and live on their website. The call will provide insights into the company’s performance with supplemental materials available post-call. Crown Castle operates over 40,000 cell towers and approximately 80,000 route miles of fiber, connecting major US markets to essential communications infrastructure.
Crown Castle International Corp. (NYSE: CCI) announced that Dan Schlanger, the Executive Vice President and Chief Financial Officer, will present at three upcoming conferences. The events include the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, the Morgan Stanley 2021 Technology, Media & Telecom Conference on March 4, 2021, and the Deutsche Bank 29th Annual Media, Internet & Telecom Conference on March 9, 2021. Each presentation is expected to last 30-50 minutes and will be broadcast live via the company's website.
Crown Castle International Corp. (NYSE: CCI) has declared a quarterly cash dividend of $1.33 per common share, payable on March 31, 2021, to stockholders of record by March 15, 2021. This decision underscores the company's commitment to delivering shareholder value through consistent dividend payouts. All future dividends will require approval from Crown Castle's Board of Directors. The company operates over 40,000 cell towers and 80,000 miles of fiber nationwide, supporting critical communications infrastructure.
Crown Castle International Corp. (NYSE: CCI) has priced its public offering of Senior Notes worth $3.25 billion, consisting of 1.050% Senior Notes due 2026, 2.100% Senior Notes due 2031, and 2.900% Senior Notes due 2041. The net proceeds will be used to redeem existing 5.250% Senior Notes due 2023 and repay part of the outstanding debt. The offering is expected to close on February 16, 2021, with redemption of the 2023 notes occurring on March 10, 2021.
Crown Castle International Corp. (NYSE: CCI) announced a public offering of senior notes to redeem 5.250% Senior Notes due 2023 and reduce debt from its commercial paper program and Senior Unsecured Term Loan A Facility. Proceeds will also cover associated fees. The offering is led by Barclays, BofA Securities, Citigroup, MUFG, and RBC Capital Markets, and will be conducted under an SEC registration statement. Caution is advised due to potential market uncertainties affecting expected outcomes.
Crown Castle International Corp. (NYSE: CCI) released year-end tax reporting details regarding 2020 distributions for its Common and Preferred Stock. Shareholders are advised to consult tax advisors for specific treatments. Key figures include cash distributions of $1.20 per share for Common Stock in March, June, and September, while December saw a rise to $1.33. Preferred Stock distributions were reported at $17.1875 per share throughout the year. Notably, there were no long-term capital gains or non-taxable distributions affecting shareholders during 2020.
Crown Castle International Corp. reported its Q4 and full-year 2020 results, revealing site rental revenues of $5.555 billion, a 4% increase year-over-year. Net income declined 6% to $997 million, while Adjusted EBITDA dropped 3% to $3.607 billion. Despite challenges, the company forecasts approximately 6% growth in site rental revenue for 2021 and an 11% dividend increase. A significant highlight includes a new agreement with Verizon for 15,000 small cells, enhancing their growth potential in the 5G market. The company faces a setback from T-Mobile's cancellation of 5,700 small cells.