Crown Castle's (CCI) Q4 AFFO Beat, Site-Rental Revenues Up
CCICrown Castle(CCI) Zacks Investment Research·2024-01-26 02:50

Crown Castle Inc.’s (CCI) fourth-quarter 2023 adjusted funds from operations (AFFO) per share of 1.82surpassedtheZacksConsensusEstimateof1.82 surpassed the Zacks Consensus Estimate of 1.79. Net revenues of 1.67billion,outpacedtheZacksConsensusEstimateof1.67 billion, outpaced the Zacks Consensus Estimate of 1.65 billion. However, AFFO per share reported a 1.6% decline year over year. Net revenues fell 5.1% year over year. For 2023, Crown Castle reported AFFO per share of 7.55,beatingtheZacksConsensusEstimateof7.55, beating the Zacks Consensus Estimate of 7.52. Moreover, the figure increased 2.3% from the prior year’s $7.38. N ...