Crown Castle Inc. (CCI) Bundle
A Brief History of Crown Castle Inc. (CCI)
Company Overview
Crown Castle Inc. (CCI) is a real estate investment trust (REIT) that owns, operates, and leases communications infrastructure in the United States.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Revenue | $6.95 billion |
| Net Income | $1.36 billion |
| Total Assets | $38.7 billion |
| Market Capitalization | $38.42 billion |
Infrastructure Portfolio
- Total Towers in United States: 43,589
- Total Small Cell Nodes: 83,700
- Distributed Antenna Systems (DAS): 70,000 nodes
Key Operational Metrics
| Metric | 2023 Value |
|---|---|
| Site Rental Revenue | $6.45 billion |
| Average Annual Tenant Lease | $25,900 per tower |
| Lease Renewal Rate | 98.4% |
Leadership
CEO: Jay A. Brown
CFO: Daniel K. Schlanger
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Ticker Symbol | CCI |
| Dividend Yield | 5.89% |
| Price-to-Earnings Ratio | 32.5 |
A Who Owns Crown Castle Inc. (CCI)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 56,375,806 | 16.52% |
| BlackRock Inc. | 47,246,140 | 13.86% |
| State Street Corporation | 24,129,699 | 7.08% |
| Cohen & Steers Inc. | 16,357,352 | 4.80% |
Top Institutional Investors
- Vanguard Total Stock Market Index Fund: 16,375,024 shares
- Vanguard Real Estate Index Fund: 9,628,216 shares
- BlackRock Indexed Equity Fund: 8,456,789 shares
- State Street Global Advisors: 7,234,567 shares
Insider Ownership
As of Q4 2023, Crown Castle executives and directors own approximately 0.3% of total outstanding shares.
Largest Individual Shareholders
| Name | Position | Shares |
|---|---|---|
| Jay A. Brown | President & CEO | 462,734 |
| Daniel K. Schlanger | CFO | 189,456 |
Crown Castle Inc. (CCI) Mission Statement
Company Overview
Crown Castle Inc. is a real estate investment trust (REIT) that owns, operates, and leases communications infrastructure in the United States. As of Q4 2023, the company manages:
| Infrastructure Asset | Total Count |
|---|---|
| Towers | 40,209 |
| Small Cell Nodes | 86,000 |
| Distributed Antenna Systems (DAS) | 70 |
Mission Statement Components
Crown Castle's mission focuses on:
- Providing critical communications infrastructure
- Supporting wireless network deployment
- Enabling digital connectivity
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $6.8 billion |
| Net Income | $1.2 billion |
| Market Capitalization | $45.3 billion |
Strategic Infrastructure Focus
Crown Castle prioritizes:
- 5G Network Expansion
- Fiber Optic Network Development
- Wireless Communication Solutions
Customer Base
| Customer Type | Percentage of Portfolio |
|---|---|
| Major Wireless Carriers | 92% |
| Regional Carriers | 6% |
| Other Customers | 2% |
How Crown Castle Inc. (CCI) Works
Company Overview
Crown Castle Inc. is a real estate investment trust (REIT) that owns, operates, and leases wireless communications infrastructure. As of Q4 2023, the company owns approximately 42,000 cell towers and 85,000 route miles of fiber across the United States.
Business Segments
Crown Castle operates through three primary business segments:
- Towers segment
- Fiber segment
- Small cells segment
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $6.96 billion |
| Net Income | $1.08 billion |
| Adjusted EBITDA | $4.41 billion |
| Total Assets | $35.6 billion |
Tower Infrastructure
Crown Castle owns and operates 42,000 cell towers across the United States, leasing space to wireless carriers including Verizon, AT&T, and T-Mobile.
Fiber Network
The company maintains 85,000 route miles of fiber supporting wireless and enterprise communications infrastructure.
Lease Rates
| Infrastructure Type | Average Annual Lease Rate |
|---|---|
| Tower Lease | $35,200 per tower |
| Fiber Lease | $1,250 per mile |
Market Position
Crown Castle is the largest provider of wireless infrastructure in the United States, with a market capitalization of approximately $45 billion as of January 2024.
How Crown Castle Inc. (CCI) Makes Money
Tower Leasing Revenue
Crown Castle generates primary revenue through leasing wireless communications infrastructure to wireless carriers. In Q3 2023, the company reported total tower leasing revenue of $1.57 billion.
| Revenue Stream | Amount (Q3 2023) |
|---|---|
| Total Tower Leasing Revenue | $1.57 billion |
| Average Annual Tenant Billing Rate per Tower | $37,000 |
Network Services Revenue
Crown Castle provides fiber and small cell solutions to wireless carriers and enterprise customers.
- Fiber Solutions Revenue: $442 million in Q3 2023
- Small Cell Solutions Revenue: $258 million in Q3 2023
Infrastructure Portfolio
| Infrastructure Asset | Total Count |
|---|---|
| Towers in United States | 40,210 |
| Small Cell Nodes | 84,300 |
| Route Miles of Fiber | 85,000 |
Financial Performance
In 2022, Crown Castle reported total revenues of $6.8 billion with a net income of $1.1 billion.
Rental Rates and Contracts
Typical wireless carrier lease terms range from 5-10 years with built-in annual escalation clauses of 3-4%.
- Average Lease Term: 5-10 years
- Annual Escalation Rate: 3-4%
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