American Tower — Oct 28, 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 $ 2,458  to $ 2,513  Interest expense 1,370  to 1,360  Depreciation, amortization and accretion 2,035  to 2,045  Income tax provision 425  – 425  Stock-based compensation expense 175  – 175  Other, including other operating expenses, interest income, (gain) loss on retirement of long-term obligations and other (income) expense 595  – 595  Adjusted EBITDA $ 7,058  to $ 7,113  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 $ 2,458  to $ 2,513  Straight-line revenue (87) – (87) Straight-line expense 36  – 36  Depreciation, amortization and accretion 2,035  to 2,045  Stock-based compensation expense 175  – 175  Deferred portion of income tax and other income tax adjustments 149  – 149  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 768  – 768  Capital improvement capital expenditures (160) to (170) Corporate capital expenditures (10) – (10) Adjustments and distributions for unconsolidated affiliates and noncontrolling interests (391) – (391) AFFO attributable to AMT common stockholders $ 4,973  to $ 5,028  Divided by weighted average diluted shares outstanding (in thousands) 468,900  – 468,900  AFFO attributable to AMT common stockholders per Share $ 10.60  to $ 10.72  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 $ 7,058  to $ 7,113  Straigh