RSS   Newsletter   Contact   Advertise with us

Crown Castle revenue increased 21%

Staff writer ▼ | October 22, 2013
Crown Castle International reported results for the quarter ended September 30, 2013. Total revenue for the third quarter of 2013 increased 21% to $749 million from $621 million for the same period in 2012.
Crown Castle InternationalCrown Castle International reported results for the quarter ended September 30, 2013. Total revenue for the third quarter of 2013 increased 21% to $749 million from $621 million for the same period in 2012.


Site rental revenue for the third quarter of 2013 increased $82 million, or 15%, to $621 million from $539 million for the same period in the prior year. Site rental gross margin, defined as site rental revenue less site rental cost of operations, increased $35 million, or 9%, to $439 million in the third quarter of 2013 from $403 million in the same period in 2012.

Adjusted EBITDA for the third quarter of 2013 increased $40 million, or 10%, to $441 million from $400 million in the same period in 2012.

Funds from Operations ("FFO") increased 23% to $272 million in the third quarter of 2013, compared to $221 million in the third quarter of 2012. FFO per share increased 22% to $0.93 in the third quarter of 2013, compared to $0.76 in the third quarter of 2012.

Adjusted Funds from Operations (AFFO) increased 38% to $318 million in the third quarter of 2013, compared to $230 million in the third quarter of 2012. AFFO per share increased 38% to $1.09 in the third quarter of 2013, compared to $0.79 in the third quarter of 2012.

Net income attributable to CCIC stockholders for the third quarter of 2013 was $46 million, compared to $42 million of net income for the same period in 2012. Net income attributable to CCIC stockholders per common share was $0.16 for the third quarter of 2013, compared to $0.14 per common share in the third quarter of 2012.


 

MORE INSIDE POST