What Drove Crown Castle’s Q2 2018 Performance
Crown Castle (CCI) reported its second-quarter results on July 19, posting AFFO (adjusted funds from operations) of $1.31 per share, a penny lower than Wall Street’s expectation. The company stated that it lost some AFFO profits last quarter as some network service deals extended into the second half of 2018. However, its AFFO per share grew 9.2% YoY (year-over-year).