CROWN CASTLE INC.

Crown Castle Inc. (NYSE: CCI) operates as a leading provider of shared communications infrastructure throughout the United States. The company maintains its website at www.crowncastle.com and serves as a real estate investment trust focused on delivering long-term stockholder value through recurring cash flows and capital returns.

The company's core business involves owning, operating and leasing communications infrastructure to wireless carriers and other tenants. Crown Castle's portfolio includes more than 40,000 towers and other structures such as rooftops, approximately 105,000 small cell nodes either generating revenue or under contract, and approximately 90,000 route miles of fiber. These assets are geographically dispersed across the U.S., with approximately 56 percent of towers located in the 50 largest basic trading areas and 71 percent in the 100 largest areas.

Following the March 2025 announcement of a definitive agreement to sell its Fiber Business to Zayo Group Holdings Inc. and EQT Active Core Infrastructure fund for $8.5 billion, Crown Castle now operates as a single reportable segment focused on towers operations. Site rental revenues represented 95 percent of 2025 net revenues, with the company's three largest tenants—T-Mobile, AT&T and Verizon Wireless—collectively accounting for approximately 90 percent of site rental revenues. The company maintains long-term tenant contracts with initial terms generally between five to 15 years, multiple renewal periods, and contractual escalations, resulting in historically strong retention rates between 98 and 99 percent annually.

Crown Castle employs approximately 4,000 people across the United States. The company derives approximately 40 percent of towers adjusted site rental gross margin from owned land, including fee interests and perpetual easements, with the remaining 60 percent from leased, subleased, managed or licensed land. Ground lease expenses comprise approximately 75 percent of site rental operating costs. The company also provides ancillary site development services including site acquisition, architectural and engineering, and zoning and permitting support. As of December 31, 2025, tenant contracts represented $23.7 billion of expected future cash inflows, with a weighted-average remaining life of approximately six years.