Houston, Texas-based Crown Castle Inc. (CCI) is a real estate investment trust that owns and operates wireless infrastructure, including cell towers, small-cell networks, and fiber assets. Valued at a market cap of $37.8 billion, it leases these facilities to major mobile carriers under long-term contracts, generating stable, recurring revenue.
This specialty REIT has underperformed the broader market over the past 52 weeks. CCI has declined 4.8% over this time frame, while the broader S&P 500 Index ($SPX) has gained 15.5%. On a YTD basis, the stock is down 4.4%, outpacing SPX’s 1.9% return.
