Debt And LeverageNet Debt to Adjusted EBITDA ticked up for the second consecutive quarter, reaching 5.9x, indicating increasing financial leverage.
Dividend RiskThere is a potential risk to CCI’s current dividend level if it were to sell the fiber business, which comprises about 30% of its revenue generation.
Strategic ReviewThe ongoing review of the fiber business represents an overhang for CCI shares until management shares an update about the strategic path of the company.