Where Crown Castle Stands among Peers
The best ratios for comparing REITs are price-to-FFO (funds from operations) multiples, which are similar to PE multiples. Crown Castle’s (CCI) TTM (trailing-12-month) price-to-FFO multiple is 22.6x, higher than American Tower’s (AMT), Realty Income’s (O), and Simon Property’s (SPG) multiples of 21.0x, 18.6x, and 15.2x, respectively.