% | $
Quotes you view appear here for quick access.

Crown Castle International Corp. Message Board

  • wooglin_kai wooglin_kai Mar 20, 2013 12:29 PM Flag

    REIT conversion in 2016?

    I won't hold my breath re a REIT conversion:

    "On the positive side, Barclays says REITs structure enforces prudent capital allocation and leverage, with REIT issuers rarely repurchasing shares or issuing special dividends. Similarly, upon conversion, REITs will often reduce leverage to target investment grade ratings. Barclays cites Crown Castle (CCI) indicating it plans to reduce leverage and achieve investment grade ratings by January 2016, when it expects to complete its REIT conversion."

84.06-2.16(-2.51%)Feb 5 4:02 PMEST