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) Excludes sustaining capital expenditures. See " Non-GAAP Measures and Other Information " for our definitions of discretionary capital expenditures and sustaining capital expenditures. (d) As issued on October 22, 2025. (e) Reflects up-front consideration from long-term tenant contracts (commonly referred to as prepaid rent) that are amortized and recognized as revenue over the associated estimated lease term in accordance with GAAP. (f) As issued on July 23, 2025.     The pathway to possible.      CrownCastle.com News Release continued: Page 17 Debt Balances and Maturity Dates as of September 30, 2025 : (in millions) Face Value (a) Maturity Cash and cash equivalents and restricted cash and cash equivalents (b) $ 238   Senior Secured Notes, Series 2009-1, Class A-2 (c) 27  Aug. 2029 Senior Secured Tower Revenue Notes, Series 2018-2 (d) 750  July 2048 Installment purchase liabilities and finance lease