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Dec 31, 2021
Crown Castle Q4 2021 Earnings Report
Reported fourth quarter and full year 2021 results and increased its full year 2022 outlook.
Key Takeaways
Crown Castle International Corp. reported significant growth in 2021, driven by the initial phase of the 5G build-out in the U.S. The company anticipates continued tower leasing growth in 2022 and secured commitments for over 50,000 new small cell nodes during the last twelve months.
Generated 14% AFFO per share growth in 2021.
Increased common stock dividend per share by 11%.
Secured commitments for more than 50,000 new small cell nodes during the last twelve months.
Expect elevated levels of tower leasing to continue in 2022.
Revenue by Segment
Forward Guidance
Crown Castle updated its full year 2022 Outlook to reflect approximately $250 million of additional straight-lined site rental revenues for full year 2022 for its Towers segment resulting from the previously announced long-term tower and small cell agreement with T-Mobile.
Positive Outlook
- Site rental revenues are projected to be between $6,202 million and $6,247 million.
- Income from continuing operations is projected to be between $1,634 million and $1,714 million.
- Adjusted EBITDA is projected to be between $4,249 million and $4,294 million.
- FFO is projected to be between $3,318 million and $3,363 million.
- AFFO per share is projected to be between $7.31 and $7.41.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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