CCI

SpaceX is negotiating with major cellular infrastructure providers to secure at least 80,000 cell sites across the U.S. to establish itself as a fourth major wireless carrier. The move benefits tower operators like Crown Castle and American Tower through potential leasing deals, while traditional carriers AT&T, Verizon, and T-Mobile face competitive pressure.

Crown Castle (CCI) reported Q3 2026 AFFO per share of $1.24, up 10.7% YoY and beating estimates by 3.3%, benefiting from lower interest costs. However, revenues fell 7.2% to $995 million due to DISH terminations and Sprint cancellations impacting site rentals. The company raised its 2026 AFFO and EBITDA guidance, with AFFO now expected between $1.955-$2.005 billion.

Crown Castle reported Q3 2026 revenue of $995 million, down 7.2% year-over-year and missing consensus estimates by 1.38%. However, EPS of $1.24 exceeded expectations, beating the $1.20 estimate by 3.33%.

Key metrics showed mixed results: site rental revenue nearly met estimates but services revenue fell significantly short. The stock has gained 12.1% over the past month and carries a Zacks Rank #3 (Hold) rating.

Crown Castle (CCI) beat FFO expectations with $1.24 per share versus consensus of $1.20, but missed revenue estimates at $995 million. The stock has underperformed the S&P 500 by 21.4% year-to-date.

With a Zacks Rank #3 (Hold) rating and mixed estimate revisions, the stock is expected to perform in line with the market. Alexander's (ALX) is expected to report earnings on November 2 with projected EPS of $8.20, up 181.8% year-over-year.

Crown Castle (CCI) is set to report Q3 2026 results on October 21, with revenues projected to decline 5.9% to $1.01 billion. Site rental revenues are expected to fall 4.2%, while services revenues may drop 29.5%.

However, AFFO per share is projected to increase 7.1% year-over-year to $1.20, continuing the company's streak of beating estimates. The company faces headwinds from customer concentration risks and fluctuating carrier network deployment schedules.

Crown Castle Inc. announced it will release its third quarter 2026 financial results on October 21, 2026, after market close, followed by a conference call at 4:45 p.m. ET. The webcast and supplemental materials will be available on the company's investor relations website, with a replay available through October 21, 2027.

SpaceX's reported plans to secure 80,000 U.S. cell sites as it pursues becoming a fourth nationwide wireless carrier sent tower company stocks soaring while major wireless carriers plunged. However, the article cautions that the market may be overreacting to a deal that hasn't been finalized, noting SpaceX would start from scratch with no customers, less spectrum than competitors, and a commercial launch not expected until late 2027.

Prologis (PLD) reported Q3 2026 core FFO of $1.60 per share, up 7.4% year-over-year and beating consensus estimates. Rental revenues grew 7.4% to $2.21B, while average occupancy improved to 95.1%. The company narrowed 2026 core FFO guidance to $6.25-$6.29 and raised development starts guidance to $5.0-$5.75B, reflecting strong operational performance and capital deployment plans.