American Tower — Apr 28, 2026 release

1 CAPITAL ALLOCATION OVERVIEW Distributions – During the quarter ended March 31, 2026, the Company declared the following regular cash distributions to its common stockholders: Common Stock Distributions Q1 2026 (1) Distributions per share $ 1.79  Aggregate amount (in millions) $ 833.9  Year-over-year per share growth 5.3  % _______________ (1)    The distribution declared on March 5, 2026 will be paid on April 28, 2026 to stockholders of record as of the close of business on April 14, 2026. Stock Repurchase Program – During the first quarter of 2026, the Company repurchased a total of approximately 1.1 million shares of its common stock for an aggregate of approximately $184 million, including commissions and fees. Subsequent to the end of the first quarter, through April 21, 2026, the Company repurchased approximately 0.1 million shares of its common stock for an aggregate of approximately $19 million, including commissions and fees. Capital Expenditures – During the first quarter of 2026, total capital expenditures were approximately $460 million, of which $48 million was for non-discretionary capital improvements and corporate capital expenditures. For additional capital expenditure details, please refer to the supplemental disclosure package available on the Company’s website. LEVERAGE AND FINANCING OVERVIEW Leverage – For the quarter ended March 31, 2026, the Company’s Net Leverage Ratio was 4.9x net debt (total deb