Houston-based Crown Castle Inc. (CCI) is a leading real estate investment trust specializing in cell towers and fiber networks. Valued at $48.35 billion by market cap, the company owns, operates, and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market.
Shares of the telecom infrastructure REIT have underperformed the broader market over the past year. CCI has gained 7.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 15.1%. In 2024, CCI stock is down 3.2%, compared to the SPX’s 9% returns on a YTD basis.
