Crown Castle (CCI)
Real Estate · Wireless and fiber infrastructure REITs
Crown Castle owns and operates a vast infrastructure portfolio of cell towers, small cells, and fiber networks leasing to wireless carriers and other tenants across the US.
What Crown Castle does
Crown Castle Inc. is a real estate investment trust that owns, operates, and leases communication infrastructure assets in the United States, including cell towers, small cell networks, and fiber optic cables. The company generates revenue primarily through long-term lease agreements with wireless carriers, enterprise customers, and other telecommunications providers who use these assets to deliver wireless and broadband services. The company operates two main business segments: Towers (which includes macro cell towers and small cells) and Fiber. Crown Castle has approximately $31.4 billion in total assets as of March 2026 and generated $1.01 billion in net revenues during Q1 2026.
Themes: ["Wireless infrastructure","5G deployment","Fiber networks","Telecom real estate","Network densification","Small cells"]
Fundamentals
- Price$76.68 as of 2026-07-09 close
- Market cap$33.5B as of 2026-07-10
- 1-year return-25.0% as of 2026-07-09 close
- P/E31.60 as of 2026-07-10
- Net margin+25.1% as of 2026-07-10
- Gross margin+73.8% as of 2026-07-10
- ROE+21.0% as of 2026-07-10
- Debt / equity4.54 as of 2026-07-10
- Revenue growth (YoY)-29.6% as of 2026-07-10
- Revenue CAGR (3y)-15.2% SEC XBRL
- Beta0.98 as of 2026-07-10
Dividend: yield +5.5%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Strategic Fiber Transaction divestiture risk: pending sale of Fiber Business to Zayo and EQT could disrupt operations and fail to achieve anticipated benefits","Operational risks in Fiber business model: competition from overbuilding, construction hazards, tenant adoption delays for small cells and fiber solutions, and need for specialized hardware/software management differ significantly from Towers operations","Revenue decline: site rental revenues fell from $1,011M (Q1 2025) to $961M (Q1 2026), reflecting broader market or operational headwinds and revenue growth of -29.63% YoY"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.