Crown Castle issues FY2024 guidance with site rental rev down 2%, net income down 15%

CROWN CASTLE INC.

2023-Q3 EPS reported $2.63 revenue$5,307,000,000

FY2024 site rental revenue guidance $6,370M, down 2% from FY2023 actual $6,511M.
FY2024 net income guidance $1,253M ($2.88 diluted EPS), down 15% from $1,469M ($3.38 EPS) in FY2023.
FY2024 adjusted EBITDA guidance $4,163M, down 6%; AFFO $3,005M ($6.91/sh), down 8%.
Guidance reflects a decline across all key metrics; full-year 2023 results based on nine months actual plus Q4 estimate.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

CROWN CASTLE INC. reported financial results for third quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On October 18, 2023, Crown Castle Inc. ("Company") issued a press release disclosing its financial results for the third quarter ended September 30, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.4

CROWN CASTLE INC. updated its Full Year 2024 guidance (initiated).

Period: Full Year 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today reported results for the third quarter ended September 30, 2023 and issued its full year 2024 outlook, as reflected in the table below.

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CROWN CASTLE INC. filing history →

Source: SEC EDGAR

accession 0001051470-23-000156

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