- CCI’s recent presentation for Goldman Sachs hinted at another year of exceptional growth coming in 2022.
- CCI already raised guidance for AFFO per share twice in 2021 (indicating 12% growth). Now they say growth going into 2022 looks like what they saw in 2021.
- AFFO per share grew significantly in 2020, guidance calls for 2021 to be even better, and commentary suggests 2022 will be similar to 2021.
- Unlike many REITs expected to see incredible growth in AFFO per share, there was no “weak base year” during the pandemic.
- Low Earth Orbit satellites are often seen as a risk, but the physics simply do not work for them replacing towers.
For further details see:
This Is Why Crown Castle Is Our Largest Position