Crown Castle CCI
Crown Castle is a REIT that owns and operates the largest network of telecommunications towers, small cells, and fiber in the United States, leasing space to wireless operators. Crown Castle has weak financial health (net debt/EBITDA of 8.31) and deeply negative growth (revenue -4.9%, earnings -67.5%), with an unsustainable dividend (payout 173%) that has already been cut. Its valuation (EV/EBITDA 19.04) does not reflect the operational deterioration.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Crown Castle is a REIT that owns and operates the largest network of telecommunications towers, small cells, and fiber in the United States, leasing space to wireless operators. Crown Castle has weak financial health (net debt/EBITDA of 8.31) and deeply negative growth (revenue -4.9%, earnings -67.5%), with an unsustainable dividend (payout 173%) that has already been cut. Its valuation (EV/EBITDA 19.04) does not reflect the operational deterioration.
Score by category
| Category | Score |
|---|---|
| Financial health | 4.7 |
| Quality / Moat | 7.5 |
| Valuation | 4.0 |
| Growth | 1.2 |
| Dividend | 3.0 |
| Momentum | 2.5 |
| Risk & Context | 6.5 |
OVERALL SCORE: 4.6/10
Context and risks
The rise in 10-year Treasury yields (5.17%) is a headwind for the value of a REIT's long-duration assets, but this risk is already priced in (the stock is at the 3rd percentile of its 52-week range). There is no direct exposure to oil or geopolitics that materially affects its tower leasing business.
News considered in the analysis
- American Tower’s Dividend Strength Hinges on Tower Lease Economics and Data Center Expansion — Artículo de opinión sobre un competidor directo (American Tower). No aporta información nueva sobre Crown Castle.
- CBRE Expands Industrious' Footprint at San Diego's Core Columbia — Noticia sobre CBRE, un competidor en el espacio de centros de datos. Sin impacto directo en CCI.
- Digital Realty Expands Subsea Connectivity With New LA Cable Station — Noticia sobre Digital Realty, un competidor en el espacio de centros de datos. Sin impacto directo en CCI.
- Ciena upgraded, Flutter downgraded: Wall Street's top analyst calls — Menciona a Ciena, un cliente potencial de torres, pero no hay información específica sobre Crown Castle.
- Crown Castle Cut Its Dividend. Is What Is Left Worth Owning for Income? — El titular confirma el recorte de dividendo ya conocido y reflejado en las notas (payout 173%). El mercado ya lo ha descontado.
Verdict: Hold or reduce positions; the leveraged balance sheet and lack of organic growth make the risk-reward unattractive at current levels.
Main risk: The main risk is the extreme financial leverage (net debt/EBITDA of 8.31) in a rising interest rate environment, which increases the cost of debt and limits investment capacity, while the business is not growing.
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