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Crown Castle International Q2 2025 Update

It was a monster. Beat and raise for Crown Castle International.

Crown Castle International (CCI) delivered a monster earnings update for Q2 2025. The increased guidance is the big story.

  1. Old AFFO per share guidance: $4.115
  2. New AFFO per share guidance: $4.195
  3. Increase: 1.94%.

That increase in AFFO per share guidance aligns with an increase of $35 million in projected total AFFO (from $1,795 million to $1,830 million).

That sounds great, but we want to dive a bit deeper. 

Note: There is a report claiming that the guidance of $4.20 per share (they rounded) easily surpasses a consensus estimate of $3.88. That report, by a prominent site, is inaccurate. The author used consensus estimates for FFO per share instead of AFFO per share, but compared it to guidance for AFFO per share.

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