Crown Castle Reports Q3 2026 Results with Increased AFFO per Share Despite Revenue Declines
Crown Castle (CCI) reported third-quarter 2026 results characterized by a divergence between top-line revenue and per-share profitability. Site rental revenues fell 5% to $966 million, primarily due to $61 million in terminations from DISH and $5 million in Sprint cancellations. Net income also saw a 12% year-over-year decline to $283 million as a result of lower site rental and services contributions. However, Adjusted Funds From Operations (AFFO) per share rose 11% to $1.24, bolstered by reduced interest expenses and a lower share count following the divestiture of fiber and small cell businesses. The company is aggressively pursuing ground lease buyouts, expecting over 400 acquisitions in 2026, and has implemented restructuring plans that yielded $65 million in annualized operating cost savings.
Topics: adjusted EBITDA AFFO per share financial guidance net income site rental revenue