• Crown Castle average return on tangible equity for 2024 was -1.62, a 94.46% decline from 2023.
• Crown Castle average return on tangible equity for 2023 was -29.25, a 7.52% decline from 2022.
• Crown Castle average return on tangible equity for 2022 was -31.63, a 50.55% decline from 2021.

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.