CCI Stock Recent News

Fiber network owner Zayo Group and buyout firm TPG are competing to acquire the fiber and wireless assets of Crown Castle , in a deal that could be valued at nearly $10 billion, according to people familiar with the matter.

REITs remain extremely cheap, even following the recent rally. This is especially true for more speculative REITs. I highlight 2 REITs that could triple.

HOUSTON, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") plans to release its third quarter 2024 results on Wednesday, October 16, 2024, after the market closes. In conjunction with the release, Crown Castle has scheduled a conference call for Wednesday, October 16, 2024, at 5:00 p.m. eastern time.

Efforts to augment its tower business and fiber and small cells are likely to aid CCI despite industry consolidation and high interest rates.

HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that Dan Schlanger, Crown Castle's Executive Vice President and Chief Financial Officer is scheduled to present on Tuesday, September 24, 2024 at 11:00 a.m. Eastern Time at the 2024 RBC Capital Markets Global Communications Infrastructure Conference. The presentation will be broadcast live over the Internet and is expected to last approximately 30 minutes. The live audio webcast link and presentation for the conference will be available on Crown Castle's website at www.crowncastle.com, where it will also be archived for replay.

Crown Castle's valuation has declined due to rising interest rates, impacting its leverage and dividend fair value. The telecom REIT faces significant long-term risks from high debt, competitive pressures, and potential refinancing challenges, especially if interest rates don't decline substantially. Despite short-term tailwinds from potential rate cuts, Crown Castle's growth prospects are limited, with fiber investments facing competition and tower demand stagnating.

Crown Castle Inc. (NYSE:CCI ) Citi's 2024 Global TMT Conference September 5, 2024 3:00 PM ET Company Participants Dan Schlanger - Executive Vice President, Chief Financial Officer Conference Call Participants Michael Rollins - Citi Michael Rollins This session is for Citi clients only, and disclosures are conveniently available at the back of the room next to the AV desk. Welcome back to Citi's 2024 Global TMT Conference.

Crown Castle Inc. (NYSE:CCI ) Bank of America 2024 Media, Communications & Entertainment Conference September 4, 2024 11:20 AM ET Company Participants Dan Schlanger - CFO Conference Call Participants David Barden - Bank of America David Barden Everybody, thank you so much for joining. We're really happy to have here again this year, Dan Schlanger, Chief Financial Officer for Crown Castle.

I recommend owning 10-20 diversified REITs, considering risk tolerance, and including REIT preferreds or bonds for a balanced portfolio. Sun Communities shows strong growth in manufactured housing and marinas, with potential for substantial dividend boosts and 20-25% annual returns. Crown Castle offers a compelling 5G investment opportunity with a 5.6% dividend yield, despite a high payout ratio and short-term AFFO challenges.

HOUSTON, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that Dan Schlanger, Crown Castle's Executive Vice President and Chief Financial Officer is scheduled to present on Tuesday, September 10, 2024 at 10:30 a.m. Eastern Time at the Goldman Sachs 2024 Communacopia & Technology Conference. The presentation will be broadcast live over the Internet and is expected to last approximately 40 minutes. The live audio webcast link and presentation for the conference will be available on Crown Castle's website at www.crowncastle.com, where it will also be archived for replay.