American Tower — Feb 25, 2025 release

& Canada Latin America Africa & APAC (1)(2) Europe Total International (3) Data Centers (4) Total Property Segment revenues $ 5,216  $ 1,798  $ 1,244  $ 776  $ 3,818  $ 835  $ 9,869  $ 143  $ 10,012  Segment operating expenses 850  566  438  300  1,304  348  2,501  60  2,562  Segment Gross Margin $ 4,366  $ 1,232  $ 806  $ 476  $ 2,514  $ 487  $ 7,368  $ 83  $ 7,451  Segment SG&A (5) 165  108  87  66  261  72  498  23  521  Segment Operating Profit $ 4,201  $ 1,124  $ 719  $ 411  $ 2,254  $ 415  $ 6,870  $ 60  $ 6,930  Segment Operating Profit Margin 81  % 63  % 58  % 53  % 59  % 50  % 70  % 42  % 69  % Growth Metrics Revenue Growth 4.2  % 6.3  % 3.4  % 5.4  % 5.1  % 8.9  % 4.9  % (40.7) % 3.8  % Total Tenant Billings Growth 5.3  % 5.4  % 19.1  % 10.1  % 11.0  % N/A 7.2  % Organic Tenant Billings Growth 5.3  % 5.2  % 12.7  % 8.3  % 8.4  % N/A 6.3  % Revenue Components (6) Prior-Year Tenant Billings $ 4,416  $ 1,068  $ 773  $ 465  $ 2,306  $ —  $ 6,723  Colocations/Amendments 230  35  59  14  107  —  337  Escalations 132  82  79  29  190  —  322  Cancellations (119) (61) (44) (3) (108) —  (228) Other (8) 0  4  (1) 4  —  (5) Organic Tenant Billings $ 4,650  $ 1,124  $ 872  $ 504  $ 2,499  $ —  $ 7,150  New Site Tenant Billings (1) 2  49  9  60  —  59  Total Tenant Billings $ 4,649  $ 1,126  $ 921  $ 512  $ 2,559  $ —  $ 7,208  Foreign Currency Exchange Impact (7) (0) 68  (121) 13  (40) —  (40) Total Tenant Billings (Current Period) $ 4,649  $ 1,194  $ 800  $ 525  $ 2,520  $ —  $ 7,168  Straight-Line Revenue 394  (7) 68  3  65  19  478  Pre-paid Amortization Revenue 89  2  1  19  22  —  110  Other Revenue 86  130  (33) 26  123  815  1,024  International Pass-Through Revenue —  449  523  196  1,168  —  1,168  Foreign Currency Exchange Impact (8) (0) 30  (116) 6  (79) —  (79) Total Property Revenue (Current Period) $ 5,216  $ 1,798  $ 1,244  $ 776  $ 3,818  $ 835  $ 9,869  _______________ (1) Countries included: Australia, Bangladesh, Burkina Faso, Ghana, Kenya, New Zealand, Niger, Nigeria, the Philippines, South Africa and Uganda. (2) Excludes the operating results of ATC TIPL, which are reported as discontinued operations. (3) Total International reflects the Company’s international operations excluding Canada. (4) For additional details related to the Data Centers segment, please refer to the supplemental disclosure package available on the Company’s website. (5) Excludes stock-based compensation expense. (6) All components of revenue, except those labeled current period, have been translated at prior-period foreign currency exchange rates. (7) Reflects foreign currency exchange impact on all components of Total Tenant Billings. (8) Reflects foreign currency exchange impact on components of revenue, other than Total Tenant Billings. 16 UNAUDITED SELECTED CONSOLIDATED FINANCIAL INFORMATION ($ in millions, except sh