Crown Castle Inc. — Intrinsic Value & Fair Price

CCI

NYSEReal EstateREIT - SpecialtyCIK 0001051470crowncastle.comAbout CCI

Last close · Oct 16, 202682.26+2.26 (+2.83%)

Market cap$35.9B

Model value · P/Cash FFO · own history

84.97

Crown Castle closed at $82.26 — undervalued by 3% vs model.

78.67the model's range98.51

P/Cash FFO · own history leads for a REIT. From its own five-year median price to Cash FFO.

Other models

34.39 – 90.71

Wall St. target

93.00 12% below

Below model, 1y

14 of 20 days

Price and model value

Loading chart…

What the marks mean

Daily close

Valuation models

price $82.26 · as of Oct 17, 2026

P/Cash FFO · own historyused78.67 – 98.5184.973% undervalued P/E · peers33.57 – 42.3234.39139% overvalued P/E · own history44.15 – 108.7071.2815% overvalued PEG—48.0471% overvalued EV/EBITDA · peers73.10 – 91.4590.649% undervalued Dividend discount63.78 – 142.5890.719% undervalued Wall St. consensus target—93.0012% below Cost of capital (WACC)—7.39%—

P/Cash FFO · own history leads for a REIT. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Quarterly · as of Oct 16, 2026

Yield, trailing 12 months

5.17%

#23 · Highest dividend yield

Past 2 years

low 4.50%high 7.42%

Dividends per share, a year at a time

Dividends / FFO, FY2025: 183.4%
Raised: —
Growth, 5 yrs: -4.4% a year
Last change: −32.1% · Jun 2025

Every payment, with ex-dates · latest $1.0625, paid Sep 30, 2026

Research on CCI

No posts on CCI yet.

Studied CCI from its filings? Guest posts are reviewed before they go live.Write about CCI →

How it is valued

Valued asREIT

Revenue declining (~-31% recent)High profitability (207% net margin)Strong dividend yieldHighly cyclical earningsHigh leverage (D/E 5.0x)Strong FCF yield (8.0%)

What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for REITs

Price / Cash FFO

—

Dividend yield, TTM

5.17%

Dividends / Cash FFO

—

Debt / assets

93.8%

Price / book

—

Revenue growth

2.4%

On the lists: #23 Highest dividend yield

Full financials

Superinvestors

13F

None of the tracked managers reported a position in their latest 13F.

All 0 holders

Analyst actions

third-party, quoted

09-21Morgan Stanley · target85.00

09-14JP Morgan · “Underweight” from “Neutral”downgrade

08-20Barclays · “Overweight” from “Equal Weight”upgrade

08-20Barclays · target84.00

Ratings, targets and estimates

Recent

filings, insider trades and key news

09-15Form 4 · MHillabrant Christian H · 24,466 sh@ 0.00 09-15Form 4 · MHillabrant Christian H · 7,340 sh@ 0.00 09-15Form 4 · FHillabrant Christian H · 12,160 sh@ 74.17 09-15Form 4 · MHillabrant Christian H · 24,466 sh@ 0.00 09-15Form 4 · MHillabrant Christian H · 7,340 sh@ 0.00 09-148-K · 5.02Departure/Election of Directors or Officers

118 filings · 40 insider transactions

Comparable companies

by business, not by industry label

AMTAmerican Tower SBACSBA Communications EQIXEquinix DLRDigital Realty

Side by side:vs AMT

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just CCI. No account.

About Crown Castle

Crown Castle Inc. specializes in critical digital infrastructure across the United States. The company actively manages, operates, and leases an expansive network, featuring over 40,000 cellular communication towers and approximately 80,000 miles of fiber optic cable. This comprehensive infrastructure underpins both small cell deployments and various advanced fiber solutions, spanning every significant U.S. metropolitan area. Through these vital connections, Crown Castle links communities and urban centers to essential data, cutting-edge technology, and indispensable wireless services, thereby delivering crucial information, innovative concepts, and communication capabilities to individuals and enterprises alike. More information can be found at www.crowncastle.com.

CEO: Christian H. Hillabrant
Headquarters: Houston, TX
Employees: 1,500
IPO: 1998-08-18

Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.