Crown Castle (CCI) Tops Q3 FFO by 3c, Offers FY16 & FY16 Guidance

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Go back to Crown Castle (CCI) Tops Q3 FFO by 3c, Offers FY16 & FY16 Guidance

Crown Castle Reports Third Quarter 2015 Results, Provides Outlook for 2016 and Announces Increase to Common Stock Dividend

October 21, 2015 4:16 PM EDT

 HIGHLIGHTS

Exceeded high end of previously provided third quarter 2015 Outlook for site rental revenues, Adjusted EBITDA and AFFOIncreased midpoint of full year 2015 Outlook for site rental revenues, Adjusted EBITDA and AFFO by $60 million, $37 million and $23 million, respectively, to reflect strong third quarter 2015 results and Sunesys acquisitionProvided midpoint 2016 Outlook for AFFO per share of $4.66, representing year-over-year growth of 8%Announced increase to annual common stock dividend from $3.28 to $3.54 per share, or $0.885 per quarter, representing an increase of 8%; increase to take effect with dividend payment on December 31, 2015

HOUSTON, Oct. 21, 2015 (GLOBE NEWSWIRE) --... More