Houston-based Crown Castle Inc. (CCI) is a top-tier real estate investment trust (REIT) focused on cell towers and fiber network infrastructure. With a market cap of $46 billion, Crown Castle manages an extensive portfolio of over 40,000 cell towers and approximately 90,000 route miles of fiber, delivering small-cell and fiber solutions across all major U.S. markets.
Shares of the leading REIT have underperformed the broader market over the past year. CCI has gained 9.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 36.8%. In 2024, CCI stock is down 8.1%, compared to the SPX’s 25.7% returns on a YTD basis.
