Crown Castle publishes Q3 2026 earnings call transcript
CCI•Crown Castle raised its full-year 2026 adjusted EBITDA outlook by $25 million and AFFO guidance by $5 million. Site rental revenue guidance increased $20 million, and a $275 million purchase of customer residual tower interests is expected to generate $16 million in annualized site rental billings.
1. Outlook raised
Crown Castle raised its full-year 2026 adjusted EBITDA outlook by $25 million and lifted AFFO guidance by $5 million. Site rental revenue guidance increased by $20 million, reflecting straight-line revenue from customer lease extensions.
2. Tower interests purchase
The company said a $275 million purchase of a customer's residual tower interests is expected to generate $16 million in annualized site rental billings. Management expects core leasing activity near the bottom of its $60 million-$70 million range, citing timing shifts rather than weaker demand.
