• Crown Castle average return on tangible equity for 2023 was -28.48, a 9.96% decline from 2022.
• Crown Castle average return on tangible equity for 2022 was -31.63, a 50.55% decline from 2021.
• Crown Castle average return on tangible equity for 2021 was -21.01, a 22.51% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.