Crown Castle: Critical Nationwide Infrastructure Fit For Long-Term Portfolios

Justin Purohit profile picture
Justin Purohit
1.37K Followers

Summary

  • CCI is a leading provider of critical nationwide infrastructure consisting of thousands of towers and route miles of fiber.
  • Elevated CAPEX requirements of their tenants to support growth in their networks is conducive of continued earnings growth for CCI.
  • For income investors, CCI is targeting a 7-8% dividend growth rate in the years to come. This can quickly result in a yield-on-cost in excess of 4%.
  • At current pricing, shares in CCI offer investors reasonable upside at a moderate level of risk and a low degree of volatility.

Telecommunication Tower for 2G 3G 4G 5G network during sunset. Antenna, BTS, microwave, repeater, base station, IOT. Technology concept in internet and mobile communication

Jaiz Anuar/iStock via Getty Images

Crown Castle International Corp. (NYSE:CCI) is a real estate investment trust ("REIT") that is a leading provider of shared communications infrastructure assets in the U.S. They own, operate, and lease over 40k towers and possess 80k

Q1FY22 Investor Supplement - Tenant Summary

Q1FY22 Investor Supplement - Tenant Summary

Q1FY22 Form 10-Q - Breakout of Site Rental Revenues

Q1FY22 Form 10-Q - Breakout of Site Rental Revenues

Q1FY22 Earnings Release - FY22 Full-Year Guidance

Q1FY22 Earnings Release - FY22 Full-Year Guidance

YCharts - CCI's Recent Price History Since Last Earnings Release

YCharts - CCI's Recent Price History Since Last Earnings Release

Q1FY22 Form 10-Q - Partial Balance Sheet

Q1FY22 Form 10-Q - Partial Balance Sheet

Q1FY22 Form 10-Q - Partial Balance Sheet

Q1FY22 Form 10-Q - Partial Balance Sheet

Q1FY22 Investor Supplement - Summary of Compliance with Financial Covenants

Q1FY22 Investor Supplement - Summary of Compliance with Financial Covenants

This article was written by

Justin Purohit profile picture
1.37K Followers
Focused primarily on companies with a time tested business model and a commitment to paying a dividend. Opinions are determined through comparative financial statement analysis, earnings coverage, and various valuation techniques. My profession is in accounting, and I am a licensed CPA.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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