Crown Castle — Apr 30, 2025 release

     CrownCastle.com News Release continued: Page 4 (in millions, except per share amounts) Full Year 2025 (g) Site rental billings (a) $3,885 to $3,915 Amortization of prepaid rent $80 to $110 Straight-lined revenues ($15) to $15 Other revenues $15 to $15 Site rental revenues $3,987 to $4,032 Site rental costs of operations (b) $987 to $1,032 Services and other gross margin $70 to $100 Net income (loss) (c) $65 to $345 Net income (loss) per share—diluted (c) $0.15 to $0.79 Adjusted EBITDA (a) $2,755 to $2,805 Depreciation, amortization and accretion $678 to $773 Interest expense and amortization of deferred financing costs, net (d) $982 to $1,027 Income (loss) from discontinued operations, net of tax (e) ($830) to ($590) FFO (a) $1,610 to $1,640 AFFO (a) $1,770 to $1,820 AFFO per share (a) $4.06 to $4.17 Discretionary capital expenditures (a) $185 to $185 Discretionary capital expenditures from discontinued operations (a)(f) $920 to $1,020 (a) See " Non-GAAP Measures and Other Information " for further information and reconciliation of non-GAAP financial measures to net income (loss), including on a per share basis, and for definition of site rental billings and discretionary capital expenditures. (b) Exclusive of depreciation, amortization and accretion. (c) Includes contributions from discontinued operations. (d) See " Non-GAAP Measures and Other Information " for the reconciliation of " Outlook for Components of Interest Expense." (e) Represents expected results from the Fiber Business, including the estimated loss on disposal. (f) Represents discretionary capital expenditures for the Fiber Business. (g) As issued April 30, 2025 and unchanged from the previous Outlook issued on March 13, 2025. • The following chart reconciles the components contributing to the expected 2025 decrease in site rental revenues. Full year site rental billings growth, excluding the impact of Sprint Cancellations, is expected to be 4.5%. Addi