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Crown Castle backs FY24 AFFO view $6.91-$7.02, consensus $6.94

Backs FY24 site rental revenue view $6.32B-$6.36B. The company said, “The full year 2024 Outlook for discretionary capital expenditures, which is unchanged from the 2024 Outlook issued in June 2024 and reflects a $300 million reduction from our 2024 Outlook provided in April 2024, is $1.2 billion to $1.3 billion, including approximately $1.1 billion in the Fiber segment and $180 million in the Towers segment, and prepaid rent additions are expected to be approximately $355 million in 2024, including $275 million from Fiber and $80 million from Towers.”

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