Crown Castle reported second-quarter 2026 adjusted funds from operations per share of $1.13, up 10.8% year over year and beating the Zacks Consensus Estimate of $1.00 by 13%. The increase was driven by lower interest expense and higher interest income following the sale of its Fiber and Small Cell businesses. Quarterly revenues declined 4.9% to $1.01 billion but still exceeded the consensus estimate by 1.52%, while site rental revenues fell 4.1% to $967 million due to a $49 million impact from DISH terminations and $5 million from Sprint cancellations. Adjusted EBITDA decreased 4.3% to $675 million, and net income dropped to $94 million from $291 million a year earlier. Crown Castle raised the midpoint of its full-year 2026 AFFO outlook by $5 million, now projecting AFFO between $1.95 billion and $2.00 billion, with per-share AFFO expected between $4.53 and $4.65.
Prologis Inc
W P Carey IncCrown CastleQ2 AFFO beat estimates and full-year guidance raised, driven by lower interest expense and higher interest income from asset sales.