American Tower — Apr 29, 2025 release

4 Reconciliation of Outlook for Adjusted EBITDA to Net income: ($ in millions, totals may not add due to rounding.) Full Year 2025 Net income $ 2,740  to $ 2,840  Interest expense 1,370  to 1,350  Depreciation, amortization and accretion 2,000  to 2,010  Income tax provision 375  to 365  Stock-based compensation expense 170  — 170  Other, including other operating expenses, interest income, (gain) loss on retirement of long-term obligations and other (income) expense 230  to 220  Adjusted EBITDA $ 6,885  to $ 6,955  Reconciliation of Outlook for AFFO attributable to AMT common stockholders to Net income: ($ in millions, except share and per share data, totals may not add due to rounding.) Full Year 2025 Net income $ 2,740  to $ 2,840  Straight-line revenue (61) — (61) Straight-line expense 39  — 39  Depreciation, amortization and accretion 2,000  to 2,010  Stock-based compensation expense 170  — 170  Deferred portion of income tax and other income tax adjustments 105  — 105  Other, including other operating expense, amortization of deferred financing costs, debt discounts and premiums, (gain) loss on retirement of long-term obligations, other (income) expense and long-term deferred interest charges 385  to 375  Capital improvement capital expenditures (145) to (155) Corporate capital expenditures (10) — (10) Adjustments and distributions for unconsolidated affiliates and noncontrolling interests (373) — (373) AFFO attributable to AMT common stockholders $ 4,850  to $ 4,940  Divided by weighted average diluted shares outstanding (in thousands) 468,700  — 468,700  AFFO attributable to AMT common stockholders per Share $ 10.35  to $ 10.54  Reconciliation of Outlook for EBITDA to AFFO attributable to AMT common stockholders and AFFO attributable to American Tower Corporation common stockholders per Share: ($ in millions, except share and per share data, totals may not add due to rounding.) Full Year 2025 Adjusted EBITDA $ 6,885  to $ 6,955  Straig