What move does the options market price into Crown Castle's report?

Implied ±10.4%, either direction · provisional.

How often does Crown Castle move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

CCINYSEReal Estate Investment Trusts

Crown Castle Inc. (CCI) earnings date, market-implied expected move, and options open interest by expiry

88.69

−0.14 · −0.16%

post 89.17 +0.54%

Closed17:19 ET

Open89.35Volume4.1MMkt cap$37.7BP/E45.04EPS1.98Div yield4.79%

Day88.69 – 90.4228%52-wk65.32 – 92.6387%

CCI

Crown Castle Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±10.4%implied · straddle

79.5197.87

spot 88.69exp Jan 15ATM strike 87.5ATM straddle 10.80IV 34%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Jan 11

after close · in 72 days

est.Q4 FY26

Calendar

Next report

Last report

+0.23%

vs ±6.8% implied · ×0.03

shaded = implied · ▲▼ = realized

Oct 21 '26 · confirmed

Implied vs realized

Linked news

2dVZ · customerVerizon posts Q3 net income $5,320 million, diluted EPS $1.25; revenue $34,313 million
3dTMUS · supplierT-Mobile US posts Q3 net income $3,455 million, revenue $23,584 million

News

Largest filed tie

13F top-10 QoQ

−1.16%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

940 managers

Top fund weight

3.42%

CCI weight · XLRE

N-PORTJun 30 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Crown Castle (CCI) is expected to report on Jan 11 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±5.1%
avg realized: ±2.7%

Jul 23 '25Jul 23 '25confirmed±5.4%▲+3.81%×0.70

Q3 FY25Oct 22 '25confirmed±4.9%▲+0.58%×0.12

Jan 12 '26Jan 12 '26confirmed±1.6%▲+2.14%×1.31

Feb 4 '26Feb 4 '26confirmed±4.5%▼−8.99%×1.98

Q1 FY26Apr 22 '26confirmed±6.1%▲+1.76%×0.29

May 1 '26May 1 '26confirmed±3.7%▲+0.54%×0.14

Q2 FY26Jul 22 '26confirmed±7.3%▼−3.78%×0.51

Oct 21 '26Oct 21 '26confirmed±6.8%▲+0.23%×0.03

quarterimplied−10%0+10%realized×

Oct '26±6.8%▲+0.23%×0.03

Q2 FY26±7.3%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 5 expiries · Oct 28 close

0.19OI · 5 expiries · Oct 28 closeP/C open interest · Jan 15 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

4,174+10%Nov 2020d0.587,147+10%0.58

2,538+4%Dec 1848d0.455,639+2%0.45

report · Jan 11 · after close · est.

4,077+2%Jan 1576d21,6250%

1,9300%Mar 19139d0.404,851+1%0.40

325+21%Apr 16167d0.261,250+15%0.26

ExpiryPutsCallsP/C

Nov 2020d4,174+10%7,147+10%0.58

Dec 1848d2,538+4%5,639+2%0.45

report · Jan 11 · after close · est.

Jan 1576d4,077+2%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±10.4%

Funds 4

XLRE±0.4%

VNQ±0.2%

RSP±0.0%

VTV±0.0%

Customers 3

TMUS±3.3%×0.32

T±3.1%×0.30

VZ±2.8%×0.27

Dashed = straddle · × = co-movement · max 499dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

9.33%as filednet margin · revenue −0.20% QoQ · −4.91% YoY

Revenue

$1.0B−0.20% QoQ

Gross profit

$740M−0.54% QoQ

73.41% margin

Operating income

$470M+1.08% QoQ

46.63% margin

Pre-tax income

$303M+34.67% QoQ

Net income

$94M−37.75% QoQ

9.33% margin

Cost of revenue

$268M+0.75% QoQ

Operating expenses

$270M−3.23% QoQ

Depreciation $171M

SG&A $97M

Other operating $2M

Other expense

$167M

Tax

$4M−20.00% QoQ

Revenue$1.0B−0.20%

Gross profit

$740M−0.54%

73.41% margin

Operating income

$470M+1.08%

46.63% margin

Pre-tax income

$303M+34.67%

Net income

$94M−37.75%

9.33% margin

Cost of revenue

$268M+0.75%

Operating expenses

$270M−3.23%

Depreciation $171M

SG&A $97M

Other operating $2M

Other expense

$167M

Tax$4M−20.00%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 17:15 ET

Intraday

Event sensitivity

PPI ×1.47· ±1.8% vs ±1.3% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.8%4 of 10×1.47

GDPgross domestic product±1.7%11 of 19×1.36

FOMCrate decision±1.4%9 of 24×1.15

PCEpersonal income & outlays±1.4%12 of 19×1.14

CPIconsumer prices±1.4%6 of 10×1.09

CPROFcorporate profits±1.2%6 of 12×0.99

NFPjobs report±1.0%6 of 10×0.76

Bar = avg |move| to ±2% · tick = ±1.3% avg day · ×base = |move| ÷ ±1.3% · min 6 releases

Earnings history

EPS 0.22 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Jul 22 '26 · confirmed	0.22	—
Q1 FY26	Apr 22 '26 · confirmed	0.34	—
Q3 FY25	Oct 22 '25 · confirmed	0.74	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod