Crown Castle — Jul 23, 2025 release

     CrownCastle.com News Release continued: Page 16 Components of Capital Expenditures: (a)(b) For the Three Months Ended For the Six Months Ended (in millions) June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Discretionary capital expenditures: Towers improvements and other capital projects $ 17  $ 21  $ 33  $ 46  Purchases of land interests 16  10  34  24  Sustaining capital expenditures 7  9  13  16  Total capital expenditures $ 40   $ 40   $ 80   $ 86   Outlook for Discretionary Capital Expenditures Less Prepaid Rent Additions: (b)(c) (in millions) Full Year 2025 Outlook (d) Discretionary capital expenditures $185 to $185 Less: Prepaid rent additions (e) ~$40 Discretionary capital expenditures less prepaid rent additions $145 to $145 Components of Interest Expense: For the Three Months Ended (in millions) June 30, 2025 June 30, 2024 Interest expense on debt obligations $ 239  $ 227  Amortization of deferred financing costs and adjustments on long-term debt 8  8  Capitalized interest (4) (5) Interest expense and amortization of deferred financing costs, net $ 243   $ 230   Outlook for Components of Interest Expense: (in millions) Full Year 2025 Outlook (d) Previous Full Year 2025 Outlook (f) Interest expense on debt obligations $960 to $1,000 $970 to $1,010 Amortization of deferred financing costs and adjustments on long-term debt $20 to $30 $20 to $30 Capitalized interest $(15) to $(5) $(15) to $(5) Interest expense and amortization of deferred financing costs, net $972 to $1,017 $982 to $1,027 (a) See our definitions of discretionary capital expenditures and sustaining capital expenditures in this " Non-GAAP Measures and Other Information. " (b) The financial impact of the Fiber Business is excluded as amounts are presented within discontinued operations. (c) Excludes sustaining capital expenditur