American Tower — Jul 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 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 2,055  to 2,065  Income tax provision 490  – 490  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 (170) – (170) Adjusted EBITDA $ 7,240  to $ 7,310  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 $ 3,270  to $ 3,350  Straight-line revenue 66  – 66  Straight-line expense 34  – 34  Depreciation, amortization and accretion 2,055  to 2,065  Stock-based compensation expense 145  – 145  Deferred portion of income tax and other income tax adjustments 151  – 151  Other, includ