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Crown Castle Inc. (CCI)

Crown Castle owns and leases out shared communications infrastructure across the United States: more than 40,000 towers and other structures such as rooftops. It rents space on those structures to wireless carriers and other tenants under long-term contracts, and it operates as a REIT for US federal income tax purposes.

Crown Castle Inc.

Crown Castle owns and leases out shared communications infrastructure across the United States: more than 40,000 towers and other structures such as rooftops. It rents space on those structures to wireless carriers and other tenants under long-term contracts, and it operates as a REIT for US federal income tax purposes.

The fibre business is being sold, so the company is now one segment

Crown Castle used to report two segments, Towers and Fiber. On 13 March 2025 it signed an agreement to sell the whole fibre business: Zayo taking the fibre solutions side and EQT taking the small cell side, for $8.5 billion in aggregate before closing adjustments, expected to complete in the first half of 2026. Because the sale is a material strategic shift, the fibre results and net assets are now presented as discontinued operations and prior periods have been restated. What is left is one reportable segment: towers. The assets being sold are about 105,000 small cell nodes in service or under contract and roughly 90,000 route miles of fibre.

How a tower makes money

The core business is selling access to space or capacity on a tower under long-term contracts, which take the form of leases, licences, subleases and service agreements. Tenants generally pay monthly, sometimes with an upfront payment. Initial terms run five to 15 years, with multiple renewal periods of about five years each exercisable by the tenant, limited termination rights for the tenant, and contractual increases in the rent built in.

The economics turn on adding a second and third tenant to a structure that is already standing. The company states that adding tenants produces significant incremental cash flow because its incremental operating costs are low.

Who pays the rent

T-Mobile, AT&T and Verizon Wireless together accounted for about 90 percent of 2025 site rental revenues. Site rental revenues were 95 percent of net revenues for the year, and the company describes the vast majority of them as recurring and drawn from long-term contracts. At the end of 2025, excluding renewals the tenant may or may not exercise, the contracts had a weighted average remaining life of about six years and represented $23.7 billion of expected future cash inflows, excluding amounts owed by DISH Wireless, to whom Crown Castle has delivered a notice of default and termination.

The land under the towers

About 40 percent of the company's towers Adjusted Site Rental Gross Margin comes from towers on land Crown Castle owns, through freehold interests and perpetual easements. The other 60 percent comes from towers on land it leases, subleases, manages or licenses, and the contracts for that land have an average total remaining life of about 35 years including every renewal exercisable at Crown Castle's option.

Where the towers are

About 56 percent are in the 50 largest US basic trading areas and about 71 percent in the largest 100, with a presence in each of the top 100. Most of the tower interests were acquired from the largest US wireless carriers or their predecessors in transactions since 1999, including from AT&T in 2013, T-Mobile in 2012, companies now part of T-Mobile in 2007, and companies now part of Verizon Wireless and of AT&T in 1999 and 2000.

The small business beside it

As an ancillary line, Crown Castle sells pre-construction site development services tied to tenant equipment installations: site acquisition, architectural and engineering work, and zoning and permitting. It stopped offering installation services as a tower product under a restructuring in July 2023, ran a further restructuring in June 2024, and began another in February 2026.

From Crown Castle's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Crown Castle became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 4 November 2026
Revenue
$995 million
-7.2% on the year · -1.3% on the quarter
Q4 FY2024Q3 FY2026
Net income
$283 million
-12.4% on the year · +201.1% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.67
-9.5% on the year · +204.5% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 23 February 2026
Revenue
$4.3 billion
-4.4% on the year
FY2018FY2025
Net income
$444 million
FY2018FY2025
Diluted EPS
$1.01
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsCrown Castle (CCI) reported revenue of $4.3 billion for fiscal 2025, the year ended 31 December 2025, down 4.4% on the year before. Net income was $444 million and diluted earnings per share $1.01. Revenue was $4.5 billion in fiscal 2024, $4.7 billion in fiscal 2023, $7.0 billion in fiscal 2022 and $6.3 billion in fiscal 2021. Net income in the same years was a loss of $3.9 billion, $1.5 billion, $1.7 billion and $1.1 billion. Over the twelve months to 30 September 2026, Crown Castle reported revenue of $4.1 billion and net income of $822 million. Revenue fell 6.1% a year, compounded, over the five years to fiscal 2025. Crown Castle declared $4.25 a share in dividends over the last four quarters and had 426 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Crown Castle was $37.7 billion, 46.6 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin47.1%
Net margin20.1%
FCF marginn/a
Interest cover2.2x
Debt to equityn/a
Cash conversion2.39x
Share count, last 12 months-2.1%
Sales CAGR, 3 years-15.2%
Profit CAGR, 3 years-35.8%
EPS, TTM$1.90

At the close of 6 November 2026

Price$88.59
Market cap$37.7 billion
Stock P/E46.6x
Price to bookn/a
EV / EBITDA21.2x
Dividend yield4.8%
Market cap / sales9.2x
52-week high$94.49
52-week low$66.13
Price, 1 year0.9%
Price CAGR, 3 years-2.8%
Price CAGR, 5 years-13.2%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Crown Castle Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
CCIgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 * †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,6541,7421,7341,7461,7641,7731,8671,6671,6741,1141,1071,1201,6491,0611,0601,0721,0711,0101,008995
Cost of revenue138509514524477519522486408464459460423268278280279266268261
Gross profit1,5161,2331,2201,2221,2871,2541,3451,1811,2666506486601,226793782792792744740734
Gross margin92%71%70%70%73%71%72%71%76%58%59%59%74%75%74%74%74%74%73%74%
SG&A18018119018719219521017617811413693.016693.099.097.094.090.097.082.0
Operating income522618593602612628667486588520495532-4,505521506525523465470465
Operating margin32%35%34%34%35%35%36%29%35%47%45%48%-273%49%48%49%49%46%47%47%
Interest expense163164165177193202208217223226230236-1,624236243247246242208177
Pre-tax incomen/a427426422n/a42546227299.0300270297296289269281280225303288
Tax raten/a1%1%1%n/a2%2%3%5%2%2%1%2%2%1%1%1%2%1%2%
Net income353421421419414418455265364311251303-4,768-46429132329415194.0283
Net margin21%24%24%24%23%24%24%16%22%28%23%27%-289%-44%27%30%27%15%9%28%
Diluted EPS$0.81$0.97$0.97$0.97$0.95$0.97$1.05$0.61$0.83$0.71$0.58$0.70-$10.97-$1.07$0.67$0.74$0.67$0.34$0.22$0.67
Operating cash flow7345587797018406061,11953386859976869987764183271487050953156.0
Capital expenditure33728130333738934137934735747.032929727640.040.043.0n/a57.059.066.0
Free cash flow397277476364451265740186511552439402601601792671n/a452472-10.0
Buybacks1.063.00.01.01.028.01.00.01.027.03.02.0-65.021.02.00.0-46.025.099226.0
Dividends paid635650637637678686678680679688680681-4,778690463462-3,695473459452
Shares outstanding432m433m433m433m433m434m434m434m434m435m435m435m435m435m435m435m435m436m426m426m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008FY2009FY2010FY2011FY2012FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Revenue1,3851,5271,6851,8792,0332,4332,8663,5393,6643,9214,2555,3705,7635,8406,3406,9864,7344,4604,2644,084
Cost of revenue5095395495815887299911,3071,3211,4411,5431,8471,9861,9271,9532,0241,9351,8061,1051,074
Gross profit8769881,1361,2971,4441,7041,8752,2322,3422,4802,7123,5233,7773,9134,3874,962n/an/a3,1593,010
Gross margin63.3%64.7%67.4%69.1%71.1%70.0%65.4%63.1%63.9%63.3%63.7%65.6%65.5%67.0%69.2%71.0%n/an/a74.1%73.7%
Selling, general and administrative143150153165173213214257311371427563614678680750502435383363
Operating income99.52934345756928358819419469499671,3831,5591,8632,0012,4252,0972,1182,0751,923
Operating margin7.2%19.2%25.7%30.6%34.1%34.3%30.7%26.6%25.8%24.2%22.7%25.8%27.1%31.9%31.6%34.7%44.3%47.5%48.7%47.1%
Interest expense35035444640571.765.264.963.118.70.00.0642683689657-699850932972873
Pre-tax income-317-153-191-3381801012513354743743926418811,0761,1791,6911,2581,1801,1191,096
Income tax-94.0-104-76.4-26.88.3-100191-11.2-51.5-17.0-26.0-19.0-21.020.021.016.021.018.016.017.0
Effective tax raten/an/an/an/a4.6%-99.2%76.1%-3.4%-10.9%-4.5%-6.6%-3.0%-2.4%1.9%1.8%0.9%1.7%1.5%1.4%1.6%
Net income-223-48.9-114-31117118990.13911,5213574455097479991,0961,6751,502-3,903444822
Net margin-16.1%-3.2%-6.8%-16.6%8.4%7.8%3.1%11.0%41.5%9.1%10.4%9.5%13.0%17.1%17.3%24.0%31.7%-87.5%10.4%20.1%
Diluted EPSn/an/a-$0.47-$1.16$0.52$0.64$0.26$1.04$4.42$0.95$1.01$1.23$1.79$2.35$2.53$3.86$3.46-$8.98$1.01$1.90
Filing10-K10-K10-K10-K/A10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow

FY2007FY2008FY2009FY2010FY2011FY2012FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Operating cash flow3505135716036437731,1711,6001,7941,7872,0322,5022,6983,0552,7892,8783,1262,9433,0571,966
Capital expenditure3004511742283484415357599098741,2281,7412,0571,6241,2291,310243176182n/a
Free cash flow50.462.33983752963316368428859138047616411,4311,5601,5682,8832,7672,875n/a
Free cash flow margin3.6%4.1%23.6%20.0%14.5%13.6%22.2%23.8%24.2%23.3%18.9%14.2%11.1%24.5%24.6%22.4%60.9%62.0%67.4%n/a
Cash from investing-791-477-172-391-400-4,200-5,459-1,217-1,960-1,429-10,494-1,795-2,081-1,741-1,332-1,352-1,519-1,220-1,1587,554
Cash from financing-77.847.7214-867-2763,7874,063-463-935-89.08,195-733-692-1,271-1,310-1,665-1,654-1,708-1,886-9,470
Depreciation and amortisation5405265305415536237419861,0361,1091,2421,5281,5721,6081,6441,707787736690694
Share-based compensation21.625.929.236.532.641.939.051.560.879.092.010311713812915610284.073.0n/a
Buybacks73044.73.016030336.099.521.929.725.0-23.034.044.076.070.0-65.0-30.0-33.0-23.0997
Dividends paidn/an/an/an/an/a0.00.06241,1161,239-1,5091,7821,9122,1052,373-2,602-2,723-2,729-2,080-2,311
Dividend per sharen/an/an/an/an/a$0.00$0.35$1.87$3.35$3.61$3.90$4.28$4.58$4.93$5.46$5.98$6.26$6.26$4.75$4.25
Diluted shares, weightedn/an/a287m287m286m291m299m333m334m341m383m415m418m425m434m434m434m434m437m426m
Shares outstanding at period endn/a288m293m291m284m293m334m334m334m361m406m415m416m431m432m433m434m435m435m426m
Filing10-K10-K10-K10-K/A10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008FY2009FY2010FY2011FY2012FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity3,1672,7162,9362,4452,3862,9396,9276,7167,0897,22211,92511,57110,4899,4618,2587,4496,381-133-1,635-3,424
Non-controlling interestn/a0.0-0.2-0.40.612.514.521.00.0n/an/an/an/an/an/an/an/an/an/an/a
Redeemable equityn/an/an/an/a3050.0n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Debtn/a5,6316,3626,7506,88611,61111,59411,92112,24912,17116,16016,68218,12119,28020,62921,72922,92124,08124,33717,796
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.05,5115,8086,0315,8815,5615,0624,9614,868
Other liabilitiesn/a2,0151,6591,2749681,5262,0592,4852,5993,2824,1454,5324,3364,2194,1223,8623,6643,7263,8551,370
Total liabilities and equityn/a10,36210,95710,47010,54516,08920,59521,14321,93722,67532,23032,78538,45738,76839,04038,92138,52732,73631,51820,610
Owned
Fixed assetsn/a5,0604,8964,8944,8616,9188,9488,9839,5809,80512,93313,67614,66615,16215,26915,40715,6666,5776,2736,104
Goodwilln/a1,9841,9852,0292,0353,1204,9035,1965,5145,75810,02110,07810,07810,07810,07810,08510,0855,1275,1275,127
Intangible assetsn/a2,5512,4052,3142,1782,9424,0583,7163,7803,6505,9625,5164,8364,4334,0463,5963,1791,037861n/a
Cash and equivalents75.215576611380.144122315117956831427719623229215610510099.0133
Receivablesn/a37.644.459.977.3193250313313374398501596431543593481129172110
Other assetsn/a5738601,0601,3132,4752,2132,7842,5712,5212,6022,7378,0858,4328,8129,0849,01119,76618,9869,136
Total assetsn/a10,36210,95710,47010,54516,08920,59521,14321,93722,67532,23032,78538,45738,76839,04038,92138,52732,73631,51820,610
Filing10-K10-K10-K10-K/A10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.5%-6.1%-15.2%-15.7%
Profit growth, compounded-11.6%-15.0%-35.8%n/a
Return on equity, averagen/an/an/an/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Crown Castle's revenue in fiscal 2025?

Crown Castle (CCI) reported revenue of $4.3 billion for fiscal 2025, the year ended 31 December 2025, down 4.4% on the year before.

How much did Crown Castle earn in fiscal 2025?

Net income was $444 million for fiscal 2025, and diluted earnings per share $1.01.

What is Crown Castle's P/E ratio?

At the close of 6 November 2026, Crown Castle traded at 46.6 times its earnings over the twelve months to 30 September 2026.

What is Crown Castle's market cap?

The market cap of Crown Castle was $37.7 billion at the close of 6 November 2026.

Does Crown Castle pay a dividend?

Yes. Crown Castle declared $4.25 a share in dividends over the four quarters to 30 September 2026.

Peers: Trading

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TTM		Debt to equityDiv. yield
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Crown Castle Inc. CCI$37.7 billion46.63n/a47.1%-15.7%n/a4.8%
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TTM		Debt to equityDiv. yield
Morgan Stanley MS$284.0 billion14.4017.5%n/a16.2%3.322.3%
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Charles Schwab Corp. SCHW$157.9 billion15.6120.7%n/a18.1%0.461.3%
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CME Group Inc. CME$109.7 billion25.1016.8%65.7%9.0%0.133.7%
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Simon Property Group Inc. SPG$73.9 billion16.48110.4%45.9%16.2%6.963.9%
Robinhood Markets, Inc. HOOD$72.9 billion37.2919.7%45.7%20.9%0.26n/a
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Digital Realty Trust, Inc. DLR$65.3 billion72.893.3%16.2%20.0%0.69n/a
Public Storage PSA$63.1 billion35.3413.1%34.5%5.2%0.843.6%
Nasdaq, Inc. NDAQ$59.8 billion29.2717.4%29.7%11.9%0.731.1%
Realty Income Corp. O$56.2 billion40.723.4%20.5%10.8%0.795.5%
Ventas, Inc. VTR$46.9 billion167.461.7%3.2%22.1%0.792.3%
Ameriprise Financial Inc. AMP$43.6 billion11.2981.4%26.8%10.0%1.17n/a
Ares Management Corp. ARES$42.0 billionn/a11.3%17.7%7.6%2.033.9%
Crown Castle Inc. CCI$37.7 billion46.63n/a47.1%-15.7%n/a4.8%
Cboe Global Markets, Inc. CBOE$36.8 billion25.1125.0%36.4%14.3%0.240.9%
Interactive Brokers Group, Inc. IBKR$34.4 billion29.1618.9%n/a19.7%n/a0.4%
Extra Space Storage Inc. EXR$33.2 billion32.358.1%43.8%4.1%1.044.1%
Iron Mountain Inc. IRM$31.7 billion69.58n/a19.5%17.5%n/a3.2%
Raymond James Financial Inc. RJF$31.3 billion14.1918.2%n/a10.5%0.071.3%
Tradeweb Markets Inc. TW$29.7 billion29.9913.7%44.1%14.4%0.000.4%
Nomura Holdings Inc. NMR *$27.3 billion12.459.8%n/a14.0%n/a4.4%
Vici Properties Inc. VICI$27.3 billion11.378.1%n/a4.7%0.587.3%
Vivmark Residential VMRK$24.6 billion28.488.3%28.2%2.8%0.794.3%
T. Rowe Price Group, Inc. TROW$23.1 billion10.9619.2%32.0%6.9%0.004.8%
LPL Financial Holdings Inc. LPLA$23.0 billion16.9524.0%9.2%31.0%1.340.4%
Royal Gold Inc. RGLD$22.5 billion26.7910.8%62.0%105.2%0.020.7%
Pershing Square Inc. PS$20.6 billionn/a-9.0%0.2%n/a0.21n/a
SBA Communications Corp. SBAC$19.8 billion20.45n/a47.7%2.3%n/a2.6%
Texas Pacific Land Corp. TPL$18.8 billion32.0032.6%75.5%25.3%0.000.9%
TPG Inc. TPG$17.9 billion59.186.8%n/a18.8%0.574.8%
Essex Property Trust, Inc. ESS$17.5 billion50.556.6%29.5%4.5%1.253.8%
Franklin Templeton Inc. BEN$17.1 billion22.976.9%9.7%7.9%0.203.9%
Kimco Realty Corp. KIM$17.0 billion23.847.4%40.1%3.5%0.834.2%
Host Hotels & Resorts, Inc. HST$16.9 billion17.9814.8%14.8%5.0%0.806.1%
Lamar Advertising Co. LAMR$15.8 billion27.5155.8%32.1%5.1%3.394.3%
Blue OWL Capital Inc. OWL$15.4 billion70.144.9%-105.8%119.9%1.898.7%
Weyerhaeuser Co. WY$15.1 billion33.294.8%11.7%-1.1%0.574.0%
W. P. Carey Inc. WPC$15.0 billion22.437.4%43.8%9.0%1.005.7%
Annaly Capital Management Inc. NLY$14.7 billion13.117.1%n/a28.4%2.4314.9%
Omega Healthcare Investors Inc. OHI$14.6 billion19.3613.8%73.4%14.0%0.735.6%
Sun Communities Inc. SUI$14.4 billionn/a-14.7%4.2%2.9%0.723.7%
Carlyle Group Inc. CG$14.0 billion42.225.4%16.6%-7.6%0.463.5%
Healthpeak Properties, Inc. DOC$14.0 billion37.564.8%4.0%9.4%1.196.0%
Mid-America Apartment Communities, Inc. MAA$13.8 billion36.057.3%n/a1.0%1.105.1%
Regency Centers Corp. REG$13.7 billion26.747.7%72.0%8.4%0.724.0%
American Healthcare REIT, Inc. AHR$13.4 billion118.201.7%20.2%21.5%0.251.7%
SEI Investments Co. SEIC$12.5 billion18.3128.3%29.4%12.8%0.011.0%
Equity Lifestyle Properties Inc. ELS$12.2 billion31.0123.1%26.1%3.2%1.893.4%
Invesco Ltd. IVZ$11.9 billionn/a-2.5%-4.5%13.7%0.103.1%
Udr, Inc. UDR$11.7 billion17.2522.3%52.2%0.6%1.844.7%
American Homes 4 Rent AMH$11.7 billion26.916.7%15.2%3.5%0.773.9%
Stifel Financial Corp. SF$11.4 billion12.2816.1%n/a10.9%0.101.8%
Gaming & Leisure Properties, Inc. GLPI$11.3 billion11.8918.9%79.1%7.3%1.638.2%
Freedom Holding Corp. FRHC$11.0 billionn/an/an/an/an/an/a
Jefferies Financial Group Inc. JEF$10.9 billionn/a8.3%n/a17.7%1.723.4%
Evercore Inc. EVR$10.8 billion15.6339.2%21.3%36.6%0.281.2%
Eastgroup Properties Inc. EGP$10.4 billion32.848.9%40.8%10.4%0.513.3%
Bxp, Inc. BXP$10.4 billion19.4710.3%29.2%2.7%3.204.3%
Houlihan Lokey, Inc. HLI$10.1 billion24.4617.5%20.3%-0.4%0.001.8%
CubeSmart CUBE$10.1 billion29.8114.0%40.8%3.3%1.434.7%
Camden Property Trust CPT$10.0 billion9.2824.6%n/a-1.0%0.934.2%
Janus Living, Inc. JAN$9.9 billionn/a0.2%n/an/a0.00n/a
CareTrust REIT, Inc. CTRE$9.8 billion24.046.8%54.6%43.6%0.393.9%
Federal Realty Investment Trust FRT$9.7 billion22.5313.6%47.7%7.8%1.504.0%
Affiliated Managers Group, Inc. AMG$9.4 billion12.5628.2%15.1%11.8%0.990.0%
Brixmor Property Group Inc. BRX$9.2 billion21.9114.1%n/a5.7%1.764.1%
Ryman Hospitality Properties, Inc. RHP$9.1 billion31.8920.2%19.6%12.9%3.403.6%
Agree Realty Corp. ADC$9.1 billion36.033.5%48.9%17.7%0.543.8%
Morningstar, Inc. MORN$9.1 billion21.3343.4%24.5%9.4%1.640.8%
Lineage, Inc. LINE$8.9 billionn/a-2.1%3.6%1.0%0.795.4%
Virtu Financial, Inc. VIRT$8.4 billion7.9231.1%32.4%26.1%2.381.8%
Rexford Industrial Realty, Inc. REXR$8.1 billionn/a-6.4%39.8%-2.0%0.394.6%
NNN REIT, Inc. NNN$8.0 billion19.598.7%62.9%7.3%1.105.9%
Alexandria Real Estate Equities, Inc. ARE$7.8 billionn/a-9.7%-85.8%-9.9%0.876.4%
Victory Capital Holdings, Inc. VCTR$7.4 billion21.9218.8%40.4%36.9%0.401.6%
InterDigital, Inc. IDCC$7.4 billion31.4625.2%45.1%-12.0%0.251.0%
First Industrial Realty Trust Inc. FR$7.1 billion19.9912.9%41.6%8.5%0.963.6%
Stag Industrial, Inc. STAG$7.1 billion25.967.4%37.7%9.3%0.944.2%
Macerich Co. MAC$7.1 billionn/a-3.6%-12.0%-1.3%1.902.7%
Vornado Realty Trust VNO$6.7 billionn/a0.2%n/a1.6%1.272.1%
Healthcare Realty Trust Inc. HR$6.5 billionn/a-1.1%n/a-5.8%1.045.0%
StoneX Group Inc. SNEX$6.5 billion9.3918.5%n/a48.7%6.97n/a
Rayonier Inc. RYN$6.4 billion37.143.0%12.0%24.1%0.354.9%
Essential Properties Realty Trust, Inc. EPRT$6.2 billion22.745.8%60.6%20.4%0.664.5%
Dolby Laboratories, Inc. DLB$6.1 billion27.598.8%17.7%0.6%0.002.2%
Marketaxess Holdings Inc. MKTX$5.8 billion20.2722.9%39.1%3.9%0.071.9%
StepStone Group Inc. STEP$5.7 billionn/an/a-58.2%48.5%n/a3.1%
SSR Mining Inc. SSRM$5.7 billion24.067.7%40.9%39.4%0.00n/a
Sabra Health Care REIT, Inc. SBRA$5.5 billion75.042.5%n/a23.4%0.865.7%
Outfront Media Inc. OUT$5.4 billion21.0936.6%20.7%9.1%3.594.0%
Galaxy Digital Inc. GLXY$5.3 billionn/a-18.5%-2.3%66.0%1.55n/a
Phillips Edison & Company, Inc. PECO$5.2 billion28.157.5%n/a7.0%1.055.6%
Rithm Capital Corp. RITM$5.2 billionn/an/an/an/a3.5010.8%
Kite Realty Group Trust KRG$5.0 billion15.7112.4%17.4%-7.3%1.024.6%
Hamilton Lane Inc. HLNE$5.0 billion13.2628.2%43.7%18.9%0.27n/a
BGC Group, Inc. BGC$5.0 billion25.5718.0%4.7%27.6%1.600.8%
HA Sustainable Infrastructure Capital, Inc. HASI$5.0 billion40.525.5%n/a22.6%2.364.4%
Cousins Properties Inc. CUZ$4.9 billion328.830.3%68.3%8.5%0.804.3%
Federated Hermes, Inc. FHI$4.7 billion11.5732.5%27.8%13.2%0.272.2%
Howard Hughes Holdings Inc. HHH$4.6 billion30.714.3%18.1%42.8%1.44n/a
Americold Realty Trust COLD$4.6 billion19.307.9%15.1%1.3%1.035.7%
EPR Properties EPR$4.6 billion16.8112.7%59.0%7.3%1.436.1%
Apple Hospitality REIT, Inc. APLE$4.5 billion23.905.9%18.3%3.2%0.475.1%
Tanger Inc. SKT$4.4 billionn/an/an/an/a2.44n/a
Piper Sandler Companies PIPR$4.4 billion15.5321.9%n/a21.1%n/a3.0%
Starwood Property Trust, Inc. STWD$4.4 billionn/a-4.0%-12.7%14.4%3.4015.9%
Lazard, Inc. LAZ$4.2 billion23.2219.5%8.1%9.2%1.785.2%
Kilroy Realty Corp. KRC$4.2 billion149.250.6%n/a-3.6%0.846.0%
Cohen & Steers, Inc. CNS$3.8 billion22.4627.8%32.4%8.6%0.003.6%
Copt Defense Properties CDP$3.7 billion22.2111.0%30.2%7.2%1.673.8%
PJT Partners Inc. PJT$3.7 billion21.2552.5%20.5%10.2%0.000.7%
LXP Industrial Trust LXP$3.6 billion31.545.9%n/a-3.5%0.664.5%
SL Green Realty Corp. SLG$3.6 billionn/a-3.7%61.7%9.7%1.255.2%
Independence Realty Trust, Inc. IRT$3.5 billion57.651.8%16.6%3.1%0.724.7%
Highwoods Properties, Inc. HIW$3.5 billion18.747.8%67.2%5.4%1.486.4%
Miami International Holdings, Inc. MIAX$3.4 billion12.7724.3%10.9%n/a0.00n/a
National Health Investors Inc. NHI$3.4 billion20.5910.6%n/a23.9%0.815.2%
Broadstone Net Lease, Inc. BNL$3.4 billion23.045.1%46.0%8.0%1.016.7%
Acadian Asset Management Inc. AAMI$3.2 billion26.66n/a25.5%27.9%n/a0.3%
Artisan Partners Asset Management Inc. APAM$3.2 billion9.1669.7%33.4%8.7%0.438.1%
WisdomTree, Inc. WT$2.9 billion27.4424.8%39.9%45.2%2.380.6%
DiamondRock Hospitality Co. DRH$2.9 billion17.7710.7%16.6%2.1%0.712.9%
Acadia Realty Trust AKR$2.7 billion70.732.0%53.3%-0.3%0.784.0%
Four Corners Property Trust, Inc. FCPT$2.6 billion21.497.3%n/a10.2%0.966.3%
CoreCivic, Inc. CXW$2.5 billion1.8563.5%9.9%26.9%0.28n/a
InvenTrust Properties Corp. IVT$2.5 billion85.221.6%-7.7%12.6%0.583.1%
LTC Properties Inc. LTC$2.5 billion4.7030.8%58.5%70.4%0.605.1%
Netstreit Corp. NTST$2.4 billion85.411.1%32.5%27.1%0.604.7%
Pebblebrook Hotel Trust PEB$2.4 billionn/a-2.9%3.1%2.8%0.890.2%
SmartStop Self Storage REIT, Inc. SMA$2.2 billion67.122.9%22.9%20.7%1.00n/a
RLJ Lodging Trust RLJ$1.9 billion121.901.7%10.0%4.1%1.034.8%
Douglas Emmett Inc. DEI$1.7 billionn/a-1.1%18.8%1.8%3.147.5%
Diversified Healthcare Trust DHC$1.7 billionn/a-9.9%-2.3%-3.8%1.600.6%
Global Net Lease, Inc. GNL$1.5 billionn/a-3.4%37.9%-21.8%1.7811.0%
CBL & Associates Properties Inc. CBL$1.5 billion6.8150.8%27.2%9.0%4.76n/a
American Assets Trust, Inc. AAT$1.3 billion61.541.9%23.6%1.1%1.526.3%
Alexanders Inc. ALX$1.3 billion6.7883.9%n/a8.2%3.677.1%
UMH Properties, Inc. UMH$1.3 billion298.400.5%n/a8.5%0.976.0%
Digital Turbine, Inc. APPS$1.3 billionn/a-18.3%10.3%19.2%1.85n/a
Medical Properties Trust Inc. MPT$1.1 billion4.405.4%3.7%10.5%2.0019.9%
Easterly Government Properties, Inc. DEA$1.1 billion77.521.1%23.9%11.4%1.288.0%
Ridgepost Capital, Inc. RPC$1.1 billion31.326.8%27.2%8.2%0.921.5%
Oppenheimer Holdings Inc. OPY$974 million12.238.7%7.2%13.9%n/a0.8%
Centerspace CSR$964 million10.7311.5%56.1%-6.0%1.025.4%
Orchid Island Capital, Inc. ORC$960 million98.60-0.5%95.7%74.8%9.2126.8%
Empire State Realty Trust, Inc. ESRT$918 million265.250.3%-4.4%2.0%2.142.6%
Abacus Global Management, Inc. ABX$852 million32.526.5%31.8%65.3%0.76n/a
Virtus Investment Partners, Inc. VRTS$846 million7.2812.7%15.7%-7.2%0.447.5%
CTO Realty Growth, Inc. CTO$783 million17.726.5%37.5%15.9%1.05n/a
Summit Hotel Properties, Inc. INN$755 millionn/a-2.5%9.9%2.4%1.654.6%
Safehold Inc. SAFE$749 million6.584.7%24.9%16.5%1.956.7%
Postal Realty Trust, Inc. PSTL$742 million38.904.7%38.2%22.3%0.944.4%
JBG Smith Properties JBGS$739 millionn/a-20.4%0.8%3.0%2.545.6%
Chatham Lodging Trust CLDT$722 million96.882.2%13.4%3.8%0.562.5%
Saul Centers, Inc. BFS$709 million31.0411.6%66.7%9.2%5.588.3%
PennyMac Mortgage Investment Trust PMT$685 million17.094.6%22.3%-11.5%1.7920.4%
Service Properties Trust SVC$674 million14.03-65.1%-6.1%-15.6%6.352.9%
Chimera Investment Corp. CIM$613 millionn/a-7.9%n/a12.4%4.0923.5%
Brandywine Realty Trust BDN$553 millionn/a-21.5%19.0%3.5%3.739.8%
Universal Health Realty Income Trust UHT$544 million26.9914.5%35.9%-0.0%2.847.6%
TPG RE Finance Trust, Inc. TRTX$512 million17.314.4%n/a-2.4%4.1014.2%
Franklin BSP Realty Trust, Inc. FBRT$470 millionn/a1.4%n/a16.4%2.9215.4%
One Liberty Properties Inc. OLP$446 million18.668.6%48.3%10.7%1.838.5%
BrightSpire Capital, Inc. BRSP$416 million23.862.2%27.0%2.5%2.9819.2%
NexPoint Residential Trust, Inc. NXRT$415 millionn/a-16.6%10.6%0.7%7.2413.0%
Industrial Logistics Properties Trust ILPT$397 millionn/a-14.9%33.7%3.5%9.854.2%
Farmland Partners Inc. FPI$369 million55.002.3%12.4%-5.6%0.5615.8%
Arbor Realty Trust Inc. ABR$299 millionn/a-4.2%n/a-12.9%4.4158.6%
Apollo Commercial Real Estate Finance, Inc. ARI$297 million2.9010.5%35.1%-14.7%n/a43.1%
Mesabi Trust MSB$226 million34.8836.9%n/a-87.6%0.00n/a
North European Oil Royalty Trust NRT$65 millionn/an/an/an/an/an/a
115 companies share its SEC industry code (Real Estate Investment Trusts); the rest are the names nearest in size in its wider industry, Trading, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on CCI

Dividends$4.25 a share over the four quarters to 30 September 2026, a 4.80% yield
Filings22 in twelve months: 14 current reports (8-K), about 11 regulation FD disclosure; 7 results of operations; 3 officer or director change; 1 shareholder vote; 1 material agreement
Planned insider sales4 Form 144 notices in twelve months, $1.8 million; latest 26 October 2026
Options tapeput/call 0.34 by open interest at the 6 November 2026 close; the straddle prices a 5.9% move to 20 November 2026
13F holders941 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading4 sales and 1 purchase on Form 4 in twelve months
Congress4 House trades disclosed in six months
Short interest9.9 million shares short, 1.97 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 7 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20264 November 2026EDGAR
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202523 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20259 May 2025EDGAR
10-K31 December 202414 March 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 202430 July 2024EDGAR

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