Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Outfront Media (OUT) and Crown Castle (CCI) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates a ...

Crown Castle Inc. (CCI) is scheduled to release fourth-quarter and full-year 2023 results on Jan 24 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 (FFO) per share missed the Zacks Consensus Estimate by 0.56%. Results reflected lower-than-anticipated re ...

BackyardProduction Thesis I love collecting dividends from my holdings. For me, the cash flow received makes it so much more enjoyable to be a long-term investor. It also makes it a lot easier psychologically to continue holding even if the price performance isn't heading in the direction I would like. I imagine this is the case for Crown Castle (NYSE:CCI) shareholders as of recently. The price is down nearly 50% but at least they're collecting consistent income from the REIT. The combination of the price d ...

Wall Street analysts forecast that Crown Castle (CCI) will report quarterly earnings of $1.79 per share in its upcoming release, pointing to a year-over-year decline of 3.2%. It is anticipated that revenues will amount to $1.65 billion, exhibiting a decline of 6.6% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of th ...

HOUSTON, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE:CCI) ("Crown Castle") announced today the appointment of Bradley E. Singer to its board of directors. Mr. Singer's appointment is effective today, January 17, 2024. Mr. Singer previously served as Chief Operating Officer and an Investment Partner at ValueAct Capital, Chief Financial Officer of Discovery Communications and CFO and Treasurer of American Tower Corporation. He currently serves on the boards of directors of Sweetgreen, Inc. and R ...

Dragon Claws It’s a strange world we live in these days, where you now have to pay extra for a streaming subscription just to watch a select NFL playoff game. I had once thought that so long as you’re willing to sit through commercials, then you could watch for no extra cost beyond a cable subscription or a TV antenna! But I digress, turning to the economy, unemployment is low in the U.S. and in many parts of the world, and yet consumer sentiment remains rather low despite that fact. As shown below, con ...

Crown Castle Inc. (NYSE:CCI) Morgan Stanley 2023 European Technology, Media & Telecom Conference November 16, 2023 9:45 AM ET Company Participants Daniel Schlanger - EVP & CFO Conference Call Participants Simon Flannery - Morgan Stanley Simon Flannery Good morning, everybody. For those of you who don't know me, I'm Simon Flannery, the U.S. telecom and comm infrastructure analyst. It’s my great pleasure to welcome back Dan Schlanger, the Chief Financial Officer at Crown Castle. Welcome, Dan. Daniel Schlang ...

On October 18, 2023, the Company announced plans to relocate approximately 1,000 employee positions from several locations nationwide to a centralized location by the end of the third quarter 2024. In connection with this action, the Company anticipates recording related restructuring charges, including employee relocation costs, employee severance and other one-time termination benefits, remaining obligations under facility leases and write-off of leasehold improvements; however, the magnitude of these cha ...

| --- | --- | |---------------------------------------------|-------------------------------------------------------------------------------| | | | | | | | October 19, 2023 | | | Third Quarter 2023 Earnings Conference Call | | | | 1 Third Quarter 2023 Earnings Conference Call The pathway to possible. PAGE | Cautionary Language o ~10,000 small cell nodes. o ~14,000 small cell nodes, and • As we work through discrete headwinds in 2024 and 2025, the strong underlying growth across our business gives us confide ...

Financial Data and Key Metrics Changes - The company maintained its full-year 2023 outlook for revenue, adjusted EBITDA, and AFFO despite industry changes [8][25] - The expected low point of AFFO is anticipated in the first half of 2024, with a return to growth in the second half of 2024 and beyond [9][25] - The 2024 outlook shows a year-over-year decline in site rental revenues of $140 million, adjusted EBITDA of $260 million, and AFFO of $275 million due to specific headwinds [30][36] Business Line Data and Key Metrics Changes - For towers, organic revenue growth is expected to be 4.5% in 2024, while small cells are projected to grow by 13% driven by increased leasing activity [11][31] - Fiber solutions are expected to see organic growth of 3%, with overall consolidated organic growth projected at 5% in 2024, up from 4% in 2023 [12][30] - The company plans to deploy a record 14,000 small cell nodes in 2024, reflecting a 40% increase in new nodes [21][24] Market Data and Key Metrics Changes - The company has 40,000 towers, 115,000 small cells, and 85,000 route miles of fiber concentrated in top U.S. markets, positioning it well for long-term growth in data demand [13][42] - The demand for small cells is increasing as carriers focus on network densification to meet consumer needs [10][37] Company Strategy and Development Direction - The company is committed to maintaining its dividend in 2024 despite the impact from non-recurring Sprint cancellations and lower service contributions [8][20] - A disciplined approach to capital allocation is emphasized, with a focus on generating superior expected returns for investments [16][23] - The company aims to streamline operations to reduce long-term costs and improve customer experience [12][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying growth of the business, driven by persistent data demand and the need for network upgrades [10][41] - The company anticipates a return to sustainable dividend growth beyond 2025 as it navigates current headwinds [25][76] - Management highlighted the importance of maintaining a strong balance sheet and liquidity to support future growth [39][40] Other Important Information - The company has achieved $105 million in annual run rate savings from its restructuring plan [20][34] - Dan Schlanger, the CFO, will be departing the company in March 2024, and a search for his replacement is underway [17][26] Q&A Session All Questions and Answers Question: Can you characterize the current leasing activity and expectations for next year? - Management expects leasing activity in 2024 to be similar to the second half of 2023, with good visibility into contracted revenue [46][47] Question: What are the returns for small cells and any differences in pricing? - Returns for small cells remain attractive, with co-location economics exceeding 20% [56][58] Question: Do you have significant non-core assets or ground leases? - The company has minimal non-core assets, and ground leases have been extended for long durations, providing opportunities to lower capital costs [59][60] Question: How does the current stock price affect capital allocation decisions? - The lower stock price makes share repurchases more attractive, but the company remains focused on long-term growth opportunities [63][64] Question: What are the trends in the core fiber business? - The fiber business is seeing a return to growth with reduced churn and increased leasing activity from existing customers [78][79] Question: What are the expected cost increases for 2024? - Cost increases are attributed to ground lease escalations, labor costs, and the absence of one-time savings from 2023 [108]