Capital Allocation And Credit RatingAggressive share repurchases combined with a push toward investment-grade credit metrics and lower target leverage support dividend protection and signal improved financial flexibility.
Long-term Carrier ContractNew ten-year master lease agreement with Verizon secures minimum commitments for colocations and provides clearer line-of-sight into multi-year site activity, reducing revenue uncertainty.
Operational Performance And Organic GrowthOrganic growth exceeded expectations driven by lower churn, while quarterly AFFO results beat estimates on stronger site development revenue and reduced recurring capital expenditures and taxes.