Crown Castle, a real estate investment trust specializing in shared telecommunications infrastructure, expects its adjusted funds from operations to hit a trough in the first half of 2024 but then return to growth. The company took a hit with the loss of cell tower leases during Sprint's merger with T-Mobile, causing a decline in shares.
Crown Castle , a real estate investment trust specializing in shared telecommunications infrastructure, has experienced a decline in shares due to the loss of cell tower leases during Sprint 's merger with T-Mobile .
However, the company expects to return to growth in 2024 as it anticipates its adjusted funds from operations to hit a trough in the first half of that year.
Crown Castle Real Estate Investment Trust Shared Telecommunications Infrastructure Cell Tower Leases Sprint T-Mobile Growth Adjusted Funds From Operations
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