Crown Castle — Feb 4, 2026 release

     CrownCastle.com News Release continued: Page 17 Components of Capital Expenditures: (a)(b) For the Three Months Ended For the Twelve Months Ended (in millions) December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Discretionary capital expenditures: Tower improvements and other capital projects $ 18  $ 18  $ 72  $ 84  Purchases of land interests 27  20  77  58  Sustaining capital expenditures 14  12  33  34  Total capital expenditures $ 59   $ 50   $ 182   $ 176   Outlook for Discretionary Capital Expenditures Less Prepaid Rent Additions: (b)(c) (in millions) Full Year 2026 Outlook (d) Discretionary capital expenditures $150 to $250 Less: Prepaid rent additions (e) (30) to (50) Discretionary capital expenditures less prepaid rent additions $110 to $210 Components of Interest Expense: For the Three Months Ended (in millions) December 31, 2025 December 31, 2024 Interest expense on debt obligations $ 241  $ 236  Amortization of deferred financing costs and adjustments on long-term debt 8  8  Capitalized interest (3) (4) Interest expense and amortization of deferred financing costs, net $ 246   $ 240   Outlook for Components of Interest Expense: (in millions) Full Year 2026 Outlook (d) Interest expense on debt obligations $815 to $855 Amortization of deferred financing costs and adjustments on long-term debt 25 to 35 Capitalized interest (15) to (5) Interest expense and amortization of deferred financing costs, net $832 to $877 (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 these 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 February 4, 2026. (e) Reflects up-f