Strong First Quarter Results
Crown Castle delivered strong Q1 2025 results, showing confidence in their full year 2025 outlook with 5.1% tower organic growth and a solid start to the year.
Progress on Strategic Transition
The company is on track to complete the sale of its Fiber and Small Cell businesses by the first half of 2026, positioning itself as the only public pure-play US tower company.
High Contracted Growth Visibility
Approximately 90% of the company's 2025 growth is already contracted, providing strong visibility into future revenues.
Capital Allocation Framework
Crown Castle plans a $3 billion share repurchase program and a dividend set at 75% to 80% of AFFO excluding amortization of prepaid rent, post-sale of Fiber and Small Cell businesses.
Maintaining Investment Grade Rating
The company plans to use approximately $6 billion of cash proceeds from the sale to repay debt, aiming to maintain an investment grade credit rating with leverage between 6 to 6.5 times EBITDA.