Crown Castle — Oct 22, 2025 release

     CrownCastle.com News Release continued: Page 4 (in millions, except per share amounts) Full Year 2025 (a) Changes to Midpoint from Previous Outlook (b) Site rental billings (c) $3,895 to $3,925 $— Amortization of prepaid rent $80 to $110 $— Straight-lined revenues ($5) to $25 $10 Other revenues $15 to $15 $— Site rental revenues $4,007 to $4,052 $10 Site rental costs of operations (d) $967 to $1,012 ($5) Services and other gross margin $80 to $110 $5 Net income (loss) (e) $145 to $425 $45 Net income (loss) per share—diluted (e) $0.33 to $0.97 $0.10 Adjusted EBITDA (c) $2,810 to $2,860 $30 Depreciation, amortization and accretion $678 to $773 $— Interest expense and amortization of deferred financing costs, net (f) $957 to $1,002 ($15) Income (loss) from discontinued operations, net of tax (g) ($830) to ($590) $— FFO (c) $1,690 to $1,720 $45 AFFO (c) $1,845 to $1,895 $40 AFFO per share (c) $4.23 to $4.35 $0.09 Discretionary capital expenditures (c) $155 to $155 ($30) Discretionary capital expenditures from discontinued operations (c)(h) $920 to $1,020 $— (a) As issued on October 22, 2025. (b) As issued on July 23, 2025. (c) 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. (d) Exclusive of depreciation, amortization and accretion. (e) Includes cont