Welcome to our dedicated page for Crown Castle news (Ticker: CCI), a resource for investors and traders seeking the latest updates and insights on Crown Castle stock.
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 Inc. (NYSE: CCI) has announced that its Executive Vice President and CFO, Dan Schlanger, will be presenting at the 2024 RBC Capital Markets Global Communications Infrastructure Conference. The presentation is scheduled for Tuesday, September 24, 2024, at 11:00 a.m. Eastern Time and is expected to last about 30 minutes.
Investors and interested parties can access the live audio webcast of the presentation through Crown Castle's official website, www.crowncastle.com. The presentation will also be archived on the site for future replay, providing an opportunity for those unable to attend the live event to stay informed about the company's updates and insights.
Crown Castle Inc. (NYSE: CCI) has announced that Dan Schlanger, the company's Executive Vice President and CFO, will present at the Goldman Sachs 2024 Communacopia & Technology Conference on September 10, 2024, at 10:30 a.m. Eastern Time. The presentation is expected to last about 40 minutes and will be broadcast live over the Internet.
Interested parties can access the live audio webcast and presentation materials through Crown Castle's website at www.crowncastle.com. The presentation will also be archived on the website for later viewing. This event provides an opportunity for investors and analysts to gain insights into Crown Castle's financial performance and strategic outlook.
Crown Castle Inc. (NYSE: CCI) has announced that its Executive Vice President and CFO, Dan Schlanger, will be presenting at Citi's 2024 Global TMT Conference on September 5, 2024 at 3:00 p.m. Eastern Time. The presentation is expected to last about 40 minutes and will be broadcast live over the Internet.
Interested parties can access the live audio webcast and presentation materials through Crown Castle's official website at www.crowncastle.com. For those unable to attend the live event, an archived version will be available for replay on the same website.
This presentation at a major industry conference provides an opportunity for investors and analysts to gain insights into Crown Castle's financial strategies and market position in the telecommunications infrastructure sector.
Crown Castle CFO Dan Schlanger is set to present at the Bank of America 2024 Media, Communications & Entertainment Conference on September 4, 2024, at 11:20 a.m. Eastern Time. The presentation, expected to last about 40 minutes, will be broadcast live over the internet. Interested parties can access the live audio webcast and presentation materials on Crown Castle's website at www.crowncastle.com. The content will also be archived on the site for future viewing. This event provides an opportunity for investors and analysts to gain insights into Crown Castle's strategies and financial performance in the communications infrastructure sector.
Crown Castle has released its 2023 Environmental, Social and Governance (ESG) Report, highlighting significant progress in sustainability initiatives. The company's business model focuses on providing shared assets for multiple users to bring communications connectivity across the U.S. Key highlights include:
1. A Total Recordable Incident Rate (TRIR) 8 times lower than the US average in 2023.
2. Nearly 76,000 site inspections conducted in 2023 and 92,000 structural engineering assessments over three years.
3. Progress towards carbon neutrality in Scope 1 and 2 emissions by 2025, with 92% of annual electricity consumption sourced from renewable energy contracts.
4. Increased diverse supplier spend to 12.6% in 2023, up from 10.1% in 2022.
CEO Steven Moskowitz emphasized the company's commitment to responsible business practices that support community interests and drive long-term value creation for stakeholders.
Crown Castle (NYSE: CCI) has announced a quarterly cash dividend of $1.565 per common share. The dividend will be payable on September 30, 2024 to stockholders of record as of September 13, 2024. This declaration demonstrates Crown Castle's commitment to returning value to shareholders. However, it's important to note that future dividends are subject to approval by the company's Board of Directors, indicating potential variability in dividend payments. This announcement provides investors with clarity on the upcoming dividend payment and record date, allowing them to make informed decisions regarding their holdings in CCI stock.
Crown Castle Inc. (NYSE: CCI) has announced the pricing of its public offering of Senior Notes. The company is issuing $550 million of 4.900% Senior Notes due 2029 at 99.736% of face value, yielding 4.959%, and $700 million of 5.200% Senior Notes due 2034 at 99.332% of face value, yielding 5.286%. The net proceeds, expected to be approximately $1.230 billion, will be used to repay a portion of the outstanding indebtedness under Crown Castle's commercial paper program and pay related fees and expenses.
The offering is being made through a group of joint book-running managers, including BofA Securities, BNP Paribas Securities, MUFG Securities Americas, PNC Capital Markets, RBC Capital Markets, and Truist Securities. It is being conducted under Crown Castle's existing effective shelf registration statement filed with the SEC.
Crown Castle Inc. (NYSE: CCI) has announced a public offering of senior notes. The company intends to use the net proceeds to repay a portion of its outstanding commercial paper program debt and cover related fees and expenses. The offering will be managed by joint book-runners including BofA Securities, BNP Paribas Securities, MUFG Securities Americas, PNC Capital Markets, RBC Capital Markets, and Truist Securities.
The notes will be issued under Crown Castle's existing shelf registration statement with the SEC. Interested parties can obtain the prospectus supplement and base prospectus from the joint book-running managers or the SEC's website. This announcement does not constitute an offer to sell or a solicitation to buy securities in any jurisdiction where it would be unlawful.
Crown Castle Inc. (NYSE: CCI) reported Q2 2024 results and maintained its full year 2024 outlook. Key highlights include:
- Site rental revenues decreased 9% to $1,580 million
- Net income declined 45% to $251 million
- Adjusted EBITDA fell 15% to $1,006 million
- AFFO per share decreased 21% to $1.62
The company reported organic growth of 4.7% in Site Rental Billings, excluding Sprint Cancellations. Crown Castle implemented operational changes, including staff reductions, expecting $100 million in annual cost savings. The company maintains its 2024 outlook with projected site rental revenues of $6,340 million and AFFO per share of $6.97.
Crown Castle (NYSE: CCI) will release its second quarter 2024 financial results on July 17, 2024, after market close. A conference call to discuss the results is scheduled for 5:00 p.m. ET on the same day. Interested parties can access the live audio webcast and supplemental materials on Crown Castle's investor website. To participate in the call, dial 833-816-1115 (Toll-Free) or 412-317-0694 (International) and request the Crown Castle call. A replay of the webcast will be available on the company's website until July 17, 2025.