Crown Castle Inc. - CCI STOCK NEWS

Crown Castle reported strong Q2 2022 results with site rental revenues reaching $1.57 billion, a 10% increase year-over-year. Income from continuing operations grew by 26% to $421 million, and Adjusted EBITDA rose 13% to $1.08 billion. The company maintains its full-year revenue outlook of $6.26 billion, reflecting a 10% increase over 2021. However, rising interest expenses are noted as a concern. Crown Castle plans to enhance small cell deployments and recently increased its credit facility to $7 billion, reinforcing its financial stability.

Crown Castle announced it has amended its Senior Unsecured Credit Facility, increasing commitments by $2 billion, raising the total to $7 billion. The maturity of this Credit Facility has been extended to July 2027. The updated facility comprises a $1.2 billion Senior Unsecured Term Loan A and a $7 billion Revolving Credit Facility. This move aims to strengthen the company's financial flexibility and support its extensive portfolio of over 40,000 cell towers and 80,000 route miles of fiber across the U.S., enhancing connectivity for cities and businesses.

Crown Castle International Corp. (NYSE: CCI) will release its Q2 2022 results on July 20, 2022, after market close. A conference call is scheduled for July 21, 2022, at 10:30 a.m. ET, accessible via phone or live stream. A telephonic replay will be available from July 21 to October 19, 2022. Crown Castle operates over 40,000 cell towers and more than 80,000 route miles of fiber nationwide, providing essential data and wireless services across major US markets.

Crown Castle International Corp. (NYSE: CCI) announced that CFO Dan Schlanger will present at Nareit’s REITweek: 2022 Investor Conference on June 7, 2022, at 3:00 PM ET. The presentation, lasting approximately 30 minutes, will be accessible online through the Nareit REITweek website. Crown Castle operates more than 40,000 cell towers and 80,000 route miles of fiber across the U.S., providing essential communication infrastructure for data and wireless services. For further details on Crown Castle, visit their official website.

Crown Castle International Corp. (NYSE: CCI) will have its Chief Financial Officer, Dan Schlanger, present at the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 23, 2022, at 9:20 a.m. ET. The presentation is expected to last about 35 minutes and will be available for live streaming on the company’s website, where it will also be archived for later viewing. Crown Castle operates over 40,000 cell towers and 80,000 miles of fiber infrastructure, connecting communities with vital data and technology.

Crown Castle International Corp. (NYSE: CCI) announced a quarterly cash dividend of $1.47 per common share, payable on June 30, 2022, to stockholders on record by June 15, 2022. The dividend is subject to future approval by the Board of Directors. Crown Castle owns and operates over 40,000 cell towers and 80,000 miles of fiber across the U.S., providing essential data and wireless services to cities and communities.

Crown Castle International Corp. (NYSE: CCI) reported strong first-quarter results for 2022, with site rental revenues of $1.576 billion, a 15% increase year-over-year. Income from continuing operations rose to $421 million, a 248% increase, while Adjusted EBITDA reached $1.095 billion, a 22% growth. The company also raised its full-year outlook, forecasting site rental revenues of $6.265 billion and a 9% AFFO per share growth. Crown Castle paid $650 million in dividends, reflecting an 11% increase per share compared to the previous year, showcasing its solid financial position amidst a strong 5G rollout.

Crown Castle International Corp. (NYSE: CCI) will announce its first-quarter 2022 results on April 20, 2022, after market close. A conference call will follow on April 21, 2022, at 10:30 a.m. ET, accessible by phone or online. This call provides investors with insights into Crown Castle's operational performance and future outlook. As of now, the company operates over 40,000 cell towers and 80,000 miles of fiber in the U.S., facilitating critical communications infrastructure nationwide.

Crown Castle has priced its public offering of $750 million in 2.900% Senior Notes due 2027, issued at 99.758% of face value to yield 2.952%. The net proceeds, estimated at $741 million, will be used to repay part of its commercial paper program debt. The offering is managed by BofA Securities and other leading financial entities. The press release also includes cautionary statements about forward-looking risks that could affect actual results.