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Crown Castle Inc. CCI is scheduled to release its first-quarter 2025 results on April 30, after the closing bell. In anticipation of the announcement, industry analysts and investors are eager to assess the company's performance and prospects in the current economic climate.
In the last reported quarter, this Houston, TX-based real estate investment trust’s (REIT) adjusted funds from operations (AFFO) per share missed the Zacks Consensus Estimate by 1.1%. Results reflected a decline in total site rental revenues, and services and other revenues year over year.
Over the preceding four quarters, CCI’s AFFO per share surpassed estimates on two occasions and missed in the remaining periods, with the average miss being 0.03%. This is depicted in the graph below:
Crown Castle Inc. Price and EPS Surprise
Crown Castle Inc. price-eps-surprise | Crown Castle Inc. Quote
Let’s see how things have shaped up before this announcement.
Factors to Consider Ahead of CCI’s Results
Crown Castle has an unmatched portfolio of wireless communication infrastructure assets in the United States. As wireless data consumption is expected to increase significantly over the next few years, service providers will likely continue their network expansion and densification efforts to meet this incremental demand.
In March 2025, Crown Castle signed an agreement to sell its Fiber segment, with EQT Active Core Infrastructure fund acquiring the small cell business and Zayo Group Holdings Inc. acquiring the fiber solutions business. The company will receive a cash consideration of $8.5 billion at close. The transaction is expected to close in the first half of 2026, subject to regulatory approvals and certain closing conditions. The move will result in Crown Castle emerging as a pure-play U.S. tower company.
However, customer concentration remains a concern. Any loss of its customers or consolidation among them is likely to have impacted the company’s top line.
Also, high interest expenses are likely to have been a spoilsport for CCI during the to-be-reported quarter.
Projections for Q1
The Zacks Consensus Estimate for first-quarter revenues is pegged at $1.04 billion, indicating a decrease of 36.6% from the year-ago reported number.
Our estimate for quarterly tower site rental revenues stands at $994.1 million, implying a 6.9% decrease year over year. We estimate tower services and other revenues to decline 3.5% year over year to $44.4 million.
We expect first-quarter 2025 interest expenses and amortization of deferred financing costs to rise 8% year over year.