The company said full-year 2023 site rental revenues rose to $6,532 million from $6,289 million in 2022, up 4% (+$243 million), and net income fell 10% to $1,502 million.

1. 01

   The company said full-year 2023 site rental revenues rose to $6,532 million from $6,289 million in 2022, up 4% (+$243 million), and net income fell 10% to $1,502 million.

2. 02

   Crown Castle said full-year 2023 Adjusted EBITDA was $4,415 million, up 2%, and AFFO was $3,277 million, up 2%. It said net income included $85 million in costs related to the restructuring plan it announced in July 2023.

3. 03

   The company said it kept its full-year 2024 outlook unchanged from the outlook it issued on October 18, 2023, with site rental revenues of $6,347 to $6,392 million, Adjusted EBITDA of $4,138 to $4,188 million, and AFFO of $2,980 to $3,030 million.

4. 04

   Crown Castle said it issued $1.5 billion in senior unsecured notes in December 2023, with maturities of 5 and 10 years. It said the weighted average maturity and coupon were about 8 years and 5.7%, respectively, and that net proceeds were used to repay commercial paper program borrowings and pay related fees and expenses.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.