American Tower — Apr 28, 2026 release

3 Outlook for Capital Expenditures: ($ in millions, totals may not add due to rounding.) Full Year 2026 Discretionary capital projects (1) $ 1,050  to $ 1,080  Ground lease purchases 200  to 220  Start-up capital projects 35  to 55  Redevelopment 335  to 365  Capital improvement 165  to 175  Corporate 15  – 15  Total $ 1,800  to $ 1,910  _______________ (1) Includes the construction of 1,700 to 2,300 communications sites globally and $695 million of development spend in the Company’s Data Centers segment. Reconciliation of Outlook for Adjusted EBITDA to Net income: ($ in millions, totals may not add due to rounding.) Full Year 2026 Net income $ 3,015  to $ 3,095  Interest expense 1,430  to 1,410  Depreciation, amortization and accretion 2,135  to 2,145  Income tax provision 470  – 470  Stock-based compensation expense 145  – 145  Other, including other operating expenses, interest income, (gain) loss on retirement of long-term obligations and other (income) expense —  – —  Adjusted EBITDA $ 7,195  to $ 7,265  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 2026 Net income $ 3,015  to $ 3,095  Straight-line revenue 27  – 27  Straight-line expense 36  – 36  Depreciation, amortization and accretion 2,135  to 2,145  Stock-based compensation expense 145  – 145  Deferred portion of income tax and other i