American Tower — Jul 28, 2026 release

2026 Outlook for Total Tenant Billings Growth, at the midpoint, includes the following components (1) : (Totals may not add due to rounding.) U.S. & Canada Property Latin America Property Africa & APAC Property Europe Property Total Property Organic Tenant Billings ~0.5% (~3%) ~8.5% ~4% ~1% New Site Tenant Billings ~0% ~0% ~3.5% ~6% ~1% Total Tenant Billings Growth ~0.5% (~3%) ~12% ~10% ~2% _______________ (1) For additional discussion regarding the component growth rates, please refer to “Revenue Components” below. Tenant Billings Growth is not applicable to the Data Centers segment. For additional details related to the Data Centers segment, please refer to the supplemental disclosure package available on the Company’s website. 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 170  to 180  Corporate 15  – 15  Total $ 1,805  to $ 1,915  _______________ (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 $ 3,270  to $ 3,350  Interest expense 1,450  to 1,430  Depreciation, amortization and accretion 2,05