Crown Castle's (CCI) Q1 AFFO Beat, Site-Rental Revenues Fall
CCICrown Castle(CCI) Zacks Investment Research·2024-04-19 00:26

Crown Castle Inc.’s (CCI) first-quarter 2024 adjusted funds from operations (AFFO) per share of 1.72surpassedtheZacksConsensusEstimateof1.72 surpassed the Zacks Consensus Estimate of 1.71. Net revenues of 1.64billionoutpacedtheZacksConsensusEstimateof1.64 billion outpaced the Zacks Consensus Estimate of 1.63 billion. However, AFFO per share reported a 9.9% decline year over year. Net revenues fell 7.4% year over year. Site-Rental Revenues Decrease CCI’s total site-rental revenues fell 2.2% year over year to $1.59 billion in the first quarter of 2024. The figure was higher than our estima ...