Crown Castle: Q4 Earnings Snapshot
By AP News
Published - Jan 24, 2024, 04:45 PM ET
Last Updated - Jan 24, 2024, 04:45 PM EST
HOUSTON (AP) — HOUSTON (AP) — Crown Castle International Corp. (CCI) on Wednesday reported a key measure of profitability in its fourth quarter. The results surpassed Wall Street expectations.
The Houston-based real estate investment trust said it had funds from operations of $790 million, or $1.82 per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.79 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
