American Tower — Jul 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 $ 2,340  to $ 2,440  Interest expense 1,385  to 1,365  Depreciation, amortization and accretion 2,040  to 2,050  Income tax provision 435  to 425  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 635  to 625  Adjusted EBITDA $ 7,005  to $ 7,075  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 $ 2,340  to $ 2,440  Straight-line revenue (87) — (87) Straight-line expense 36  — 36  Depreciation, amortization and accretion 2,040  to 2,050  Stock-based compensation expense 170  — 170  Deferred portion of income tax and other income tax adjustments 156  — 156  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 804  to 794  Capital improvement capital expenditures (155) to (165) Corporate capital expenditures (10) — (10) Adjustments and distributions for unconsolidated affiliates and noncontrolling interests (389) — (389) AFFO attributable to AMT common stockholders $ 4,905  to $ 4,995  Divided by weighted average diluted shares outstanding (in thousands) 468,900  — 468,900  AFFO attributable to AMT common stockholders per Share $ 10.46  to $ 10.65  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 $ 7,005  to $ 7,075  Straig