HighGravityDataCrown Castle — Mar 13, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001051470-25-000085
Showing in the filing
Annualized dividend
“approximately $4.25 per share”
Period
Q2 FY2025
Measure
Declared action
Source
Prose
All guidance in this release · 52
Annualized dividend for Q2 FY2025
“approximately $4.25 per share”
Expected Transaction closing
“first half of 2026”
Share repurchase program
“approximately $3.0 billion”
Annualized dividend
“an amount approximating 75% to 80% of AFFO excluding amortization of prepaid rent”
Annualized dividend (post-Transaction target)
“approximating 75% to 80% of AFFO excluding amortization of prepaid rent”
Target leverage
“6.0-6.5x”
Target leverage for the long term
“6.0-6.5x”
Loss to be recognized upon classification of… for Q1 FY2025
“approximately $800 million”
Estimated total loss on Fiber segment sale for FY2025
“between $700 million and $900 million”
Total loss related to Fiber segment, inclusi… for FY2025
“between $700 million and $900 million”
Site rental billings for FY2025
“$3,885 to $3,915”
Amortization of prepaid rent for FY2025
“$80 to $110”
Straight-lined revenues for FY2025
“($15) to $15”
Other revenues for FY2025
“$15 to $15”
Site rental revenues for FY2025
“$3,987 to $4,032”
Site rental costs of operations for FY2025
“$987 to $1,032”
Services and other gross margin for FY2025
“$70 to $100”
Net income (loss) for FY2025
“$65 to $345”
Net income (loss) per share-diluted for FY2025
“$0.15 to $0.79”
Adjusted EBITDA for FY2025
“$2,755 to $2,805”
Depreciation, amortization and accretion for FY2025
“$678 to $773”
Net income (loss) from discontinued operations for FY2025
“($830) to ($590)”
FFO for FY2025
“$1,610 to $1,640”
AFFO for FY2025
“$1,770 to $1,820”
AFFO per share for FY2025
“$4.06 to $4.17”
Discretionary capital expenditures for FY2025
“$185 to $185”
Discretionary capital expenditures from disc… for FY2025
“$920 to $1,020”
Core leasing activity contribution at outloo… for FY2025
“$110 million”
Sprint Cancellations for FY2025
“$205 million”
Straight-line site rental revenues (vs FY2024) for FY2025
“approximately $145 million to $175 million lower than full year 2024”
Prepaid rent amortization (decrease) for FY2025
“approximately $50 million to $80 million”
Impact from change in other billings for FY2025
“$0”
Core leasing – prior definition for FY2025
“$110”
Prepaid rent additions for FY2025
“approximately $40 million”
Prepaid rent additions from discontinued ope… for FY2025
“approximately $350 million”
Consolidated site rental billings growth, ex… for FY2025
“4.5%”
Core leasing activity for FY2025
“$105 to $115”
Escalators for FY2025
“$90 to $100”
Non-renewals for FY2025
“$(35) to $(25)”
Other billings for FY2025
“$0 to $0”
Organic Contribution to Site Rental Billings… for FY2025
“$160 to $190”
Non-renewals associated with Sprint Cancella… for FY2025
“$(205) to $(205)”
Organic Contribution to Site Rental Billings for FY2025
“$(45) to $(15)”
Site rental revenues as a percentage of prio… for FY2025
“(5.1)%”
Organic Contribution to Site Rental Billings… for FY2025
“4.5%”
Organic growth in towers, excluding the impa… for FY2025
“4.5%”
Organic Contribution to Site Rental Billings… for FY2025
“(0.8)%”
Discretionary capital expenditures less prep… for FY2025
“$145 to $145”
Interest expense on debt obligations for FY2025
“$970 to $1,010”
Amortization of deferred financing costs and… for the long term
“$20 to $30”
Capitalized interest for FY2025
“$(15) to $(5)”
Interest expense and amortization of deferre… for FY2025
“$982 to $1,027”
Exhibit 99.1 · the passage around this item
… earlier in the release
CrownCastle.com News Release continued: Page 2 tower business will be uniquely well positioned to benefit from the anticipated consistent growth in mobile data demand as we plan to continue to unlock additional value by pursuing initiatives that enhance customer service, revenue growth, capital discipline, and operational excellence. To increase free cash flow generation and financial flexibility, we are updating our capital allocation framework, which is anticipated to result in a reduction to our annualized dividend to approximately $4.25 per share in the second quarter of 2025, and the expected implementation of an approximately $3.0 billion share repurchase program following the closing of the transaction (b) . We believe this capital allocation framework can provide an attractive combination of near-term capital return, flexible share repurchases, and long-term financial flexibility to pursue growth opportunities in the future." (a) Organic revenue growth figures are shown under new definition of Organic Contribution to Site Rental Billings. See " Non-GAAP Measures and Other Information " for further information. (b) Dividends and the repurchase program remain subject to the approval of our Board of Directors which has the discretion to determine whether to declare dividends or authorize a repurchase program and the amounts and timing of the dividends and repurchase program. COMPANY CONCLUDES STRATEGIC REVIEW WITH AGREEMENT TO SELL FIBER SEGMENT The Company announced today that management has signed a definitive agreement to sell all of its Fiber segment, together with certain supporting assets and personnel, with EQT Active Core Infrastructure fund ("EQT") acquiring the small cells business and Zayo Group Holdings Inc. (
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.