EL7.AI
StocksMedium•21 October 2026•
3 min read

Crown Castle Raises Cash Return Per Share Outlook to $4.60, Wyndham Lifts Forecasts

Key Facts

1Wyndham raised its annual adjusted earnings before interest, taxes, depreciation and amortization forecast to a range of $740–745 million.
2Crown Castle raised the midpoint of its annual adjusted funds from operations per share forecast to $4.60 from $4.59.
3Crown Castle's adjusted funds from operations per share rose 11% to $1.24, compared with $1.12 a year earlier.
4Crown Castle's site rental revenue fell 5% to $966 million from $1,012 million.
5Wyndham's quarterly revenue rose to $410 million, compared with $382 million a year earlier.

Crown Castle raised the midpoint of its 2026 adjusted funds from operations per share forecast to $4.60 from $4.59, according to its third-quarter earnings disclosure. The new level represents annual growth of 6% compared with $4.36 in 2025. The measure rose in the third quarter to $1.24 per share from $1.12 a year earlier, an increase of 11%. Meanwhile, site rental revenue fell 5% to $966 million, compared with $1,012 million in the corresponding period. Net income also declined to $283 million from $323 million, a drop of 12%. The company raised the midpoint of its annual adjusted earnings before interest, taxes, depreciation and amortization forecast to $2,715 million, compared with a previous estimate of $2,690 million.

In the hotel sector, Wyndham raised its 2026 adjusted diluted earnings per share forecast to a range of $4.84–4.92, according to its third-quarter earnings statement. It also raised its adjusted earnings before interest, taxes, depreciation and amortization forecast to a range of $740–745 million. The company's quarterly revenue rose to $410 million, compared with $382 million in the corresponding period a year earlier. But adjusted diluted earnings per share fell to $1.43 from $1.46 a year earlier. Before the results were announced, Investing had reported analyst expectations for revenue of $407.88 million and earnings per share of $1.31.

Crown Castle attributed the improvement in adjusted funds from operations primarily to lower interest expense, according to its disclosure. A reduction in shares outstanding also contributed to the improvement in the per-share measure. The reductions in interest expense and share count resulted from the use of proceeds from the sale of its fiber and small cell businesses. The company said the increase in its annual forecast also reflected "additional operating efficiencies." Management identified upgrading systems and increasing ownership of the land beneath its towers among its priorities ahead.

Wyndham's global revenue per available room fell 1% in constant currency in the second quarter, according to its earnings statement for that period. That reflected growth of 2% in the United States and a decline of 6% internationally. On September 29, 2026, the company announced that its board had approved a $400 million increase in its share repurchase authorization, ahead of the third-quarter results. The program has no expiration date. The company may suspend or discontinue it at any time, according to the authorization statement. Wyndham scheduled an investor call to discuss its results and outlook for October 22, 2026, at 8:30 a.m. U.S. Eastern Time.