Crown Castle Q1 site rental revenue falls 5% on DISH, Sprint terminations

Crown Castle

22/04/2026 21:26

Overview

U.S. cell tower operator's Q1 site rental revenue fell 5% yr/yr on DISH, Sprint impacts

Q1 adjusted FFO per share declined 7% yr/yr

Outlook

Crown Castle maintains 2026 outlook, with site rental revenues seen at $3.83 bln to $3.87 bln

Company expects 2026 adjusted EBITDA of $2.67 bln to $2.72 bln

Crown Castle anticipates repurchasing $1 bln of shares and repaying $7 bln of debt after Fiber sale

Result Drivers

DISH AND SPRINT IMPACTS - Site rental revenues fell due to DISH contract terminations and Sprint cancellations

REVENUE RECOGNITION CHANGES - Decreases in straight-lined revenues and amortization of prepaid rent contributed to lower site rental revenues

RESTRUCTURING AND COST SAVINGS - Workforce reductions and other cost cuts contributed to lower expenses

Company press release: ID:nGNX2WFp25

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Site Rental Revenue
$961 mln
Q1 EPS
$0.34
Q1 Adjusted FFO Per Share
$1.02


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Crown Castle Inc is $100.00, about 17.8% above its April 21 closing price of $84.92

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 30 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)