Crown Castle — Oct 22, 2025 release

     CrownCastle.com News Release continued: Page 16 Components of Capital Expenditures: (a)(b) For the Three Months Ended For the Nine Months Ended (in millions) September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 Discretionary capital expenditures: Tower improvements and other capital projects $ 20  $ 21  $ 54  $ 64  Purchases of land interests 16  14  50  38  Sustaining capital expenditures 6  6  19  22  Total capital expenditures $ 42   $ 41   $ 123   $ 124   Outlook for Discretionary Capital Expenditures Less Prepaid Rent Additions: (b)(c) (in millions) Full Year 2025 Outlook (d) Previously Issued Full Year 2025 Outlook (f) Discretionary capital expenditures $155 to $155 $185 to $185 Less: Prepaid rent additions (e) ~40 ~40 Discretionary capital expenditures less prepaid rent additions $115 to $115 $145 to $145 Components of Interest Expense: For the Three Months Ended (in millions) September 30, 2025 September 30, 2024 Interest expense on debt obligations $ 244  $ 234  Amortization of deferred financing costs and adjustments on long-term debt 8  8  Capitalized interest (5) (6) Interest expense and amortization of deferred financing costs, net $ 247   $ 236   Outlook for Components of Interest Expense: (in millions) Full Year 2025 Outlook (d) Previously Issued Full Year 2025 Outlook (f) Interest expense on debt obligations $945 to $985 $960 to $1,000 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 $957 to $1,002 $972 to $1,017 (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)