Crown Castle International releases Q1 2015 results
U.S. remains company’s main focus while Australian business is up for sale
On April 23, Crown Castle hosted its Q1 2015 earning calls and analysts had a chance to listen and interact with Ben Moreland, CEO, Jay Brown, CFO and Son Nguyen, VP, Corporate Finance of the company. TowerXchange reports on key insights from the call.
During Q1, site rental revenue increased 3% YOY from US$747mn to US$768mn while organic site rental revenue recorded +5% YOY. This growth combined 3% from cash escalations and 6% from new leasing activities, as discussed by Jay Brown.
In terms of investments, Brown reported capex of US$205mn of which US$24mn were spent in over 500 land transactions.