{"id":46339,"date":"2026-07-28T16:00:00","date_gmt":"2026-07-28T14:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=a7d58c610921b98739b1c7ddd0357d0f"},"modified":"2026-07-28T16:00:00","modified_gmt":"2026-07-28T14:00:00","slug":"american-tower-corporation-reports-second-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=46339","title":{"rendered":"American Tower Corporation Reports Second Quarter 2026 Financial Results"},"content":{"rendered":"<p>\n<b>CONSOLIDATED HIGHLIGHTS<\/b><\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260728080275\/en\/635712\/5\/ATC_Logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260728080275\/en\/635712\/22\/ATC_Logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260728080275\/en\/635712\/5\/ATC_Logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260728080275\/en\/635712\/21\/ATC_Logo.jpg\" \/><\/a><p>\n<b><i>S<\/i><\/b><i><b>econd Quarter 2026<\/b><\/i>\u00a0<\/p><ul class=\"bwlistdisc\">\n<li>\nTotal revenue increased 4.7% to $2,749 million<\/li>\n<li>\nTotal property revenue increased 6.3% to $2,688 million<\/li>\n<li>\nNet income increased 133.2% to $888 million<sup>(1)<\/sup><\/li>\n<li>\nAdjusted EBITDA increased 3.2% to $1,808 million<\/li>\n<li>\nNet income attributable to AMT common stockholders increased 136.5% to $868 million<sup>(1)<\/sup><\/li>\n<li>\nAFFO attributable to AMT common stockholders increased 3.8% to $1,264 million<\/li>\n<\/ul><p>BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended June 30, 2026.<\/p><p>\nSteve Vondran, American Tower\u2019s Chief Executive Officer, stated, \u201cWe delivered another strong quarter, driven by robust leasing demand across our global tower portfolio, record leasing activity at CoreSite, and continued operational excellence. This momentum translated into mid-single-digit AFFO per share growth, normalized for one-time DISH churn, and enabled us to raise our full-year outlook for the second time this year.<\/p><p>\nThe outlook for digital infrastructure remains exceptionally compelling. Mobile data consumption continues to grow at an extraordinary pace, cloud adoption remains strong, AI-driven applications are rapidly scaling, and network architectures are evolving to support a more connected and data-intensive world. We believe these powerful secular trends are creating a multi-year demand cycle for the digital infrastructure that underpins the global economy.<\/p><p>\nWith our unmatched portfolio of communications towers and highly interconnected data centers, American Tower is uniquely positioned at the intersection of wireless, cloud, and AI. As our customers invest to expand capacity, increase network density, and accelerate digital transformation, we believe we are well positioned to capture that growth, strengthen our market leadership, and deliver sustainable long-term value for our shareholders.\u201d<\/p><p>\n<b>CONSOLIDATED OPERATING RESULTS OVERVIEW<\/b><\/p><p>\nAmerican Tower generated the following operating results for the quarter ended June 30, 2026 (all comparative information is presented against the quarter ended June 30, 2025).<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<i>($ in millions, except per share amounts.)<\/i><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Q2 2026<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Growth Rate<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTotal revenue<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,749<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n4.7<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTotal property revenue<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,688<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n6.3<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTotal Tenant Billings Growth<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n46<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2.4<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOrganic Tenant Billings Growth<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n34<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1.7<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nProperty Gross Margin<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,980<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n4.9<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nProperty Gross Margin %<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n73.7<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet income<sup>(1)<\/sup><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n888<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n133.2<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet income attributable to AMT common stockholders<sup>(1)<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n868<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n136.5<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet income attributable to AMT common stockholders per diluted share<sup>(1)<\/sup><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1.86<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n138.5<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAdjusted EBITDA<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,808<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3.2<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAdjusted EBITDA Margin %<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n65.8<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNareit Funds From Operations (FFO) attributable to AMT common stockholders<sup>(1)<\/sup><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,249<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n63.4<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAFFO attributable to AMT common stockholders<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,264<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3.8<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAFFO attributable to AMT common stockholders per Share<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2.71<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n4.2<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCash provided by operating activities<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,487<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n16.0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nLess: total cash capital expenditures<sup>(2)<\/sup><\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n329<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwrowaltcolor0 bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5.1<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nFree Cash Flow<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,158<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth13\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n19.6<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n_______________<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n(1)<\/p><\/td><td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\nQ2 2026 growth rates impacted by foreign currency gains of approximately $42.1 million in the current period as compared to foreign currency losses of $(484.0) million in the prior-year period.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n(2)<\/p><\/td><td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\nQ2 2026 cash capital expenditures include $7.9 million of finance lease and perpetual land easement payments reported in cash flows from financing activities in the condensed consolidated statements of cash flows.<\/p><\/td><\/tr>\n<\/table><p>\nPlease refer to \u201cNon-GAAP and Defined Financial Measures\u201d below for definitions and other information regarding the Company\u2019s use of non-GAAP measures. For financial information and reconciliations to GAAP measures, please refer to the \u201cUnaudited Selected Consolidated Financial Information\u201d below.<\/p><p>\n<b>CAPITAL ALLOCATION OVERVIEW<\/b><\/p><p>\n<b><i>Distributions<\/i><\/b> \u2013 During the quarter ended June 30, 2026, the Company declared the following regular cash distributions to its common stockholders:<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Common Stock Distributions<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Q2 2026<sup>(1)<\/sup><\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDistributions per share<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1.79<\/p><\/td><td class=\"bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAggregate amount (in millions)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n834.1<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nYear-over-year per share growth<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5.3<\/p><\/td><td class=\"bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"1\" rowspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"5\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n_______________<\/p><p class=\"bwcellpmargin\">\n(1) The distribution declared on May 21, 2026 was paid on July 13, 2026 to stockholders of record as of the close of business on June 12, 2026.<\/p><\/td><\/tr>\n<\/table><p>\n<b><i>Stock Repurchase Program<\/i><\/b> <i>\u2013<\/i> During the second quarter of 2026, the Company repurchased a total of approximately 0.1 million shares of its common stock for an aggregate of approximately $19 million, including commissions and fees.<\/p><p>\n<b><i>Divestitures <\/i><\/b><i>\u2013<\/i> On June 15, 2026, the Company completed the sale of its subsidiary in the Philippines (\u201cATC Philippines\u201d) for a total consideration of $75.6 million at the date of closing. On June 29, 2026, the Company completed the sale of its controlling interest in Kirtonkhola Tower Bangladesh Limited (\u201cKTBL\u201d) for total consideration of $6.9 million at the date of closing.<\/p><p>\n<b><i>Capital Expenditures<\/i><\/b> <i>\u2013<\/i> During the second quarter of 2026, total capital expenditures were approximately $329 million, of which $47 million was for non-discretionary capital improvements and corporate capital expenditures. For additional capital expenditure details, please refer to the supplemental disclosure package available on the Company\u2019s website.<\/p><p>\n<b>LEVERAGE AND FINANCING OVERVIEW<\/b><\/p><p>\n<b><i>Leverage<\/i><\/b> <i>\u2013<\/i> For the quarter ended June 30, 2026, the Company\u2019s Net Leverage Ratio was 4.9x net debt (total debt less cash and cash equivalents) to second quarter 2026 annualized Adjusted EBITDA.<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>Calculation of Net Leverage Ratio<\/b><\/p><p class=\"bwcellpmargin\">\n<i>($ in millions, totals may not add due to rounding.)<\/i><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>As of June 30, 2026<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTotal debt<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n37,190<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nLess: Cash and cash equivalents<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,763<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet Debt<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n35,427<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDivided By: Second quarter annualized Adjusted EBITDA<sup>(1)<\/sup><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth12\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,233<\/p><\/td><td class=\"bwsinglebottom bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth85\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet Leverage Ratio<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwdoublebottom bwpadl0 bwpadr0 bwrowaltcolor0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n4.9<\/p><\/td><td class=\"bwdoublebottom bwalignl bwvertalignb bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\nx<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth85\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"2\" rowspan=\"1\"\/>\n<td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" colspan=\"5\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n_______________<\/p><p class=\"bwcellpmargin\">\n(1) Q2 2026 Adjusted EBITDA multiplied by four.<\/p><\/td><\/tr>\n<\/table><p>\n<b><i>Liquidity and Financing Activities<\/i><\/b> <i>\u2013<\/i> As of June 30, 2026, the Company had approximately $9.9 billion of total liquidity, consisting of approximately $1.8 billion in cash and cash equivalents plus the ability to borrow an aggregate of approximately $8.2 billion under its revolving credit facilities, net of any outstanding letters of credit.<\/p><p>\nOn April 14, 2026, the Company repaid $700.0 million aggregate principal amount of its 1.600% senior unsecured notes due April 15, 2026 upon their maturity.<\/p><p>\nOn May 7, 2026, the Company amended its $6.0 billion senior unsecured multicurrency revolving credit facility, as amended and restated in December 2021, as further amended (the \u201c2021 Multicurrency Credit Facility\u201d), its $4.0 billion senior unsecured revolving credit facility, as amended and restated in December 2021, as further amended, and its $1.0 billion term loan, as amended and restated in December 2021, as further amended (collectively, the \u201cLoans\u201d), to, among other things, extend the maturity dates under the Loans, and to include limited conditionality provisions in the 2021 Multicurrency Credit Facility, permitting the Company to borrow up to $5.0 billion in connection with certain acquisitions subject to such limited conditionality provisions.<\/p><p>\nOn May 21, 2026, the Company repaid \u20ac500.0 million aggregate principal amount of its 1.950% senior unsecured notes due May 22, 2026 upon their maturity.<\/p><p>\nOn May 27, 2026, the Company issued \u20ac750.0 million (approximately $872.0 million at the date of issuance) aggregate principal amount of 4.000% senior unsecured notes due 2033. The net proceeds from this offering were used to repay existing indebtedness under the 2021 Multicurrency Credit Facility and to partially redeem the 4.125% Notes. On June 18, 2026, the Company redeemed \u20ac250.0 million of its 4.125% senior unsecured notes due May 16, 2027 (the \u201c4.125% Notes\u201d). Upon completion of this partial redemption, \u20ac350.0 million aggregate principal amount of the 4.125% Notes remain outstanding.<\/p><p>\n<b>FULL YEAR 2026 OUTLOOK<\/b><\/p><p>\nThe following full year 2026 estimates are based on a number of assumptions that management believes to be reasonable and reflect the Company\u2019s expectations as of July 28, 2026. Actual results may differ materially from these estimates as a result of various factors, and the Company refers you to the cautionary language regarding \u201cforward-looking statements\u201d included in this press release when considering this information.<\/p><p>\nThe Company\u2019s outlook is based on the following average foreign currency exchange rates to 1.00 U.S. Dollar for July 28, 2026 through December 31, 2026: (a) 1,527 Argentinean Pesos; (b) 5.15 Brazilian Reais; (c) 1.37 Canadian Dollars; (d) 895 Chilean Pesos; (e) 3,700 Colombian Pesos; (f) 0.86 Euros; (g) 11.80 Ghanaian Cedis; (h) 135 Kenyan Shillings; (i) 17.50 Mexican Pesos; (j) 1,380 Nigerian Naira; (k) 6,300 Paraguayan Guarani; (l) 3.45 Peruvian Soles; (m) 16.60 South African Rand; (n) 3,770 Ugandan Shillings; and (o) 560 West African CFA Francs.<\/p><p>\nThe Company\u2019s outlook reflects estimated positive impacts of foreign currency exchange rate fluctuations to total property revenue, Adjusted EBITDA, AFFO attributable to AMT common stockholders and AFFO attributable to AMT common stockholders per Share of approximately $35 million, $22 million, $29 million and $0.06 per Share, respectively, relative to the Company\u2019s prior 2026 outlook. The impact of foreign currency exchange rate fluctuations on net income metrics is not provided, as the impact on all components of the net income measure cannot be calculated without unreasonable effort.<\/p><p>\nAs a result of the estimated positive foreign currency exchange rate fluctuations described above, Data Center outperformance and one-time expense benefits, the Company is raising the midpoints of its full year 2026 outlook for property revenue, Adjusted EBITDA, AFFO attributable to AMT common stockholders and AFFO attributable to AMT common stockholders per Share by $110 million, $45 million, $45 million and $0.09, respectively. The Company is increasing the midpoint for net income and net income attributable to AMT common stockholders by $255 million and $235 million, respectively, primarily due to unrealized foreign currency gains.<\/p><p>\nAdditional information pertaining to the impact of foreign currency and Secured Overnight Financing Rate fluctuations on the Company\u2019s outlook has been provided in the supplemental disclosure package available on the Company\u2019s website.<\/p><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>2026 Outlook: <\/b><i>($ in millions, except per share amounts.)<\/i><\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"6\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Full Year 2026<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Midpoint Growth Rates vs. Prior Year<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTotal property revenue<sup>(1)(2)<\/sup><\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n10,695<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwalignc bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n10,845<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n4.5<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet income<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3,270<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3,350<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n25.9<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet income attributable to AMT common stockholders<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3,200<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwalignc bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3,280<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n28.1<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAdjusted EBITDA<sup>(3)<\/sup><\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,240<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,310<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2.0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAFFO attributable to AMT common stockholders<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5,135<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwalignc bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5,215<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2.7<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth54\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAFFO attributable to AMT common stockholders per Share<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n11.00<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwalignc bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n11.17<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth18\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3.0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n%<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n______________<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n(1)<\/p><\/td><td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\nIncludes U.S. &amp; Canada segment property revenue of $5,060 million to $5,120 million, Latin America property revenue of $1,790 million to $1,810 million, Africa &amp; APAC property revenue of $1,620 million to $1,640 million, Europe property revenue of $1,025 million to $1,055 million and Data Centers segment property revenue of $1,200 million to $1,220 million, reflecting midpoint growth rates of (3.0)%, 9.6%, 14.6%, 10.9% and 14.9%, respectively. The U.S. &amp; Canada growth rate includes an estimated negative impact of over 3% associated with a decrease in non-cash straight-line revenue recognition. Data Centers segment property revenue reflects revenue from the Company\u2019s data center facilities and related assets.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n(2)<\/p><\/td><td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\nProperty revenue growth rate includes an estimated negative impact of approximately 2% associated with a decrease in straight-line revenue recognition.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n(3)<\/p><\/td><td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\nAdjusted EBITDA growth rate includes an estimated negative impact of approximately 2% associated with a decrease in net straight-line revenue recognition.<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth34\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>2026 Outlook for Total Property revenue, at the midpoint, includes the following components<sup>(1)<\/sup>:<\/b><\/p><p class=\"bwcellpmargin\">\n<i>($ in millions, totals may not add due to rounding.)<\/i><\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>U.S. &amp; Canada Property<sup>(2)<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Latin America Property<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Africa &amp; APAC Property<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Europe Property<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Data Centers Property<sup>(3)<\/sup><\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Total Property<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth34\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nInternational pass-through revenue<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\nN\/A<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n516<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n478<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n230<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\nN\/A<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth8\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,224<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth34\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nStraight-line revenue<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(124<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n33<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth9\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n19<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth8\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(66<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwpadr0 bwvertalignt\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n_______________<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadr0 bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n(1)<\/p><\/td><td class=\"bwpadr0 bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\nFor additional discussion regarding these components, please refer to \u201cRevenue Components\u201d below.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadr0 bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n(2)<\/p><\/td><td class=\"bwpadr0 bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\nU.S. &amp; Canada property revenue includes revenue from all assets in the United States and Canada, other than data center facilities and related assets.<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadr0 bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n(3)<\/p><\/td><td class=\"bwpadr0 bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwpadl0 bwpadr0 bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\nData Centers property revenue reflects revenue from the Company\u2019s data center facilities and related assets.<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n<b>2026 Outlook for Total Tenant Billings Growth, at the midpoint, includes the following components<sup>(1)<\/sup>:<\/b><\/p><p class=\"bwcellpmargin\">\n<i>(Totals may not add due to rounding.)<\/i><\/p><\/td><td colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>U.S. &amp; Canada Property<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Latin America Property<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Africa &amp; APAC Property<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Europe Property<\/b><\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Total Property<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOrganic Tenant Billings<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~0.5%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n(~3%)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~8.5%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~4%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~1%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNew Site Tenant Billings<\/p><\/td><td colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~0%<\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~0%<\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~3.5%<\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~6%<\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~1%<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTotal Tenant Billings Growth<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~0.5%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n(~3%)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~12%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~10%<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n~2%<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n_______________<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n(1)<\/p><\/td><td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\nFor additional discussion regarding the component growth rates, please refer to \u201cRevenue Components\u201d below. Tenant Billings Growth is not applicable to the Data Centers segment. For additional details related to the Data Centers segment, please refer to the supplemental disclosure package available on the Company\u2019s website.<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\n<b>Outlook for Capital Expenditures:<\/b><\/p><p class=\"bwcellpmargin\">\n<i>($ in millions, totals may not add due to rounding.)<\/i><\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwwidth4\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"2\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"6\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Full Year 2026<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDiscretionary capital projects<sup>(1)<\/sup><\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,050<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwalignc bwwidth4\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,080<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nGround lease purchases<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n200<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwalignc bwwidth4\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n220<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nStart-up capital projects<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n35<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwalignc bwwidth4\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n55<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nRedevelopment<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n335<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwalignc bwwidth4\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n365<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCapital improvement<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n170<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwalignc bwwidth4\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n180<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCorporate<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n15<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth4\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n15<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth70\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nTotal<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,805<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwalignc bwwidth4\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,915<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n_______________<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n(1)<\/p><\/td><td class=\"bwvertalignt\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignt bwpadl0\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\nIncludes the construction of 1,700 to 2,300 communications sites globally and $695 million of development spend in the Company\u2019s Data Centers segment.<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth66\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\n<b>Reconciliation of Outlook for Adjusted EBITDA to Net income:<\/b><\/p><p class=\"bwcellpmargin\">\n<i>($ in millions, totals may not add due to rounding.)<\/i><\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"7\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Full Year 2026<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet income<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3,270<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3,350<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nInterest expense<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,450<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n1,430<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDepreciation, amortization and accretion<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,055<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,065<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nIncome tax provision<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n490<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n490<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nStock-based compensation expense<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n145<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n145<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOther, including other operating expenses, interest income, (gain) loss on retirement of long-term obligations and other (income) expense<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(170<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(170<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAdjusted EBITDA<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,240<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,310<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth66\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"3\" rowspan=\"1\"\/>\n<td class=\"bwpadl0 bwwidth6\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwpadl0\" colspan=\"3\" rowspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth66\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\n<b>Reconciliation of Outlook for AFFO attributable to AMT common stockholders to Net income:<\/b><\/p><p class=\"bwcellpmargin\">\n<i>($ in millions, except share and per share data, totals may not add due to rounding.)<\/i><\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0\" colspan=\"7\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Full Year 2026<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nNet income<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3,270<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n3,350<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nStraight-line revenue<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n66<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n66<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nStraight-line expense<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n34<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n34<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDepreciation, amortization and accretion<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,055<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n2,065<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nStock-based compensation expense<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n145<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n145<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDeferred portion of income tax and other income tax adjustments<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n151<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n151<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nOther, including other operating expense, amortization of deferred financing costs, debt discounts and premiums, (gain) loss on retirement of long-term obligations, other (income) expense and long-term deferred interest charges<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n34<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n34<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCapital improvement capital expenditures<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(170<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(180<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCorporate capital expenditures<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(15<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(15<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAdjustments and distributions for unconsolidated affiliates and noncontrolling interests<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(435<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(435<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAFFO attributable to AMT common stockholders<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5,135<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5,215<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDivided by weighted average diluted shares outstanding (in thousands)<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n467,000<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n467,000<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAFFO attributable to AMT common stockholders per Share<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n11.00<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n11.17<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwrowaltcolor0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<\/table><table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth66\" colspan=\"1\" rowspan=\"2\"><p class=\"bwcellpmargin\">\n<b>Reconciliation of Outlook for EBITDA to AFFO attributable to AMT common stockholders and AFFO attributable to American Tower Corporation common stockholders per Share:<\/b><\/p><p class=\"bwcellpmargin\">\n<i>($ in millions, except share and per share data, totals may not add due to rounding.)<\/i><\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0\" colspan=\"3\" rowspan=\"1\"><p class=\"bwcellpmargin\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom\" colspan=\"7\" rowspan=\"1\"><p class=\"bwalignc bwcellpmargin\">\n<b>Full Year 2026<\/b><\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwrowaltcolor0 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAdjusted EBITDA<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,240<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwalignc bwrowaltcolor0 bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n7,310<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nStraight-line revenue<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n66<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n66<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nStraight-line expense<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n34<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwrowaltcolor0 bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n34<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCash interest expense<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(1,400<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(1,380<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nInterest income<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n154<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwrowaltcolor0 bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n154<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCash paid for income taxes<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(339<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(339<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCapital improvement capital expenditures<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(170<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwalignc bwrowaltcolor0 bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(180<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nCorporate capital expenditures<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(15<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(15<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAdjustments and dividends from non-controlling interest<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(435<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwrowaltcolor0 bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n(435<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n)<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAFFO Attributable to Common Stockholders<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5,135<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n5,215<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwrowaltcolor0 bwpadl4 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nDivided by weighted average shares outstanding<\/p><\/td><td class=\"bwtablemarginb bwblockalignl bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n467,000<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwpadr0 bwalignc bwrowaltcolor0 bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\n\u2013<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n467,000<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwrowaltcolor0 bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth66\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin\">\nAFFO attributable to AMT common stockholders per Share<\/p><\/td><td class=\"bwwidth1\" colspan=\"1\" rowspan=\"1\"\/>\n<td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth11\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n11.00<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><td class=\"bwvertalignb bwpadl0 bwalignc bwwidth6\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignc\">\nto<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth2\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n$<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth10\" colspan=\"1\" rowspan=\"1\"><p class=\"bwalignr bwcellpmargin\">\n11.17<\/p><\/td><td class=\"bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwpadb3 bwalignr bwwidth1\" colspan=\"1\" rowspan=\"1\"><p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p><\/td><\/tr>\n<\/table><p>\n<b>Conference Call Information<\/b><\/p><p>\nAmerican Tower will host a conference call today at 8:30 a.m. ET to discuss its financial results for the quarter ended June 30, 2026 and its updated outlook for 2026. Supplemental materials for the call will be available on the Company\u2019s website, <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.americantower.com%2F&amp;esheet=54577864&amp;newsitemid=20260728080275&amp;lan=en-US&amp;anchor=www.americantower.com&amp;index=1&amp;md5=07934e9d0c0400c6ce90d8f112ac3b14\" rel=\"nofollow\" shape=\"rect\">www.americantower.com<\/a>.<\/p><p>\n<b>Pre-Registration Link for Dial-in Access<\/b><\/p><p>\nParticipants can pre-register for the conference call <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fregister-conf.media-server.com%2Fregister%2FBIf88ba60906d24efcab65aa47d3ba63bd&amp;esheet=54577864&amp;newsitemid=20260728080275&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=37bf977b3409f617c6ecb40f8b8407dc\" rel=\"nofollow\" shape=\"rect\">here<\/a> to receive dial-in information and a personalized PIN.<\/p><p>\n<b>Access via Webcast<\/b><\/p><p>\nThe earnings call will be broadcast live (listen only) and can be replayed shortly after the conclusion of the call via the Investor Relations webcast at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.americantower.com%2Fwebcasts&amp;esheet=54577864&amp;newsitemid=20260728080275&amp;lan=en-US&amp;anchor=www.americantower.com%2Fwebcasts&amp;index=3&amp;md5=68b2aa87a756fd1149ef5084c19c627e\" rel=\"nofollow\" shape=\"rect\">www.americantower.com\/webcasts<\/a>.<\/p><p>\n<b>About American Tower<\/b><\/p><p>\nAmerican Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit the \u201cEarnings Materials\u201d and \u201cInvestor Presentations\u201d sections of our investor relations hub at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.americantower.com&amp;esheet=54577864&amp;newsitemid=20260728080275&amp;lan=en-US&amp;anchor=www.americantower.com&amp;index=4&amp;md5=b779e8a3e9890df53069143950760749\" rel=\"nofollow\" shape=\"rect\">www.americantower.com<\/a>.<\/p><p>\n<b><span class=\"bwuline\">Non-GAAP and Defined Financial Measures<\/span><\/b><\/p><p>\nIn addition to the results prepared in accordance with generally accepted accounting principles in the United States (GAAP) provided throughout this press release, the Company has presented the following Non-GAAP and Defined Financial Measures: Segment Gross Margin, Segment Operating Profit, Segment Operating Profit Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Nareit Funds From Operations (FFO) attributable to American Tower Corporation common stockholders, Adjusted Funds From Operations (AFFO) attributable to American Tower Corporation common stockholders, AFFO attributable to American Tower Corporation common stockholders per Share, Free Cash Flow, Net Debt and Net Leverage Ratio. In addition, the Company presents: Tenant Billings, Tenant Billings Growth, Organic Tenant Billings Growth and New Site Tenant Billings Growth.<\/p><p>\nThese measures are not intended to replace financial performance measures determined in accordance with GAAP. Rather, they are presented as additional information because management believes they are useful indicators of the current financial performance of the Company's core businesses and are commonly used across its industry peer group. As outlined in detail below, the Company believes that these measures can assist in comparing company performance on a consistent basis irrespective of depreciation and amortization or capital structure, while also providing valuable incremental insight into the underlying operating trends of its business.<\/p><p>\nDepreciation and amortization can vary significantly among companies depending on accounting methods, particularly where acquisitions or non-operating factors, including historical cost basis, are involved. The Company's Non-GAAP and Defined Financial Measures may not be comparable to similarly titled measures used by other companies.<\/p><p>\n<b><span class=\"bwuline\">Revenue Components<\/span><\/b><\/p><p>\nIn addition to reporting total revenue, the Company believes that providing transparency around the components of its revenue provides investors with insight into the indicators of the underlying demand for, and operating performance of, its real estate portfolio. Accordingly, the Company has provided disclosure of the following revenue components: (i) Tenant Billings; (ii) New Site Tenant Billings; (iii) Organic Tenant Billings; (iv) International pass-through revenue; (v) Straight-line revenue; (vi) Pre-paid amortization revenue; (vii) Foreign currency exchange impact; and (viii) Other revenue.<\/p><p>\n<b>Tenant Billings:<\/b> The majority of the Company\u2019s revenue is generated from non-cancellable, long-term tenant leases. Revenue from Tenant Billings reflects several key aspects of the Company\u2019s real estate business: (i) \u201ccolocations\/amendments\u201d reflects new tenant leases for space on existing sites and amendments to existing leases to add additional tenant equipment; (ii) \u201cescalations\u201d reflects contractual increases in billing rates, which are typically tied to fixed percentages or a variable percentage based on a consumer price index; (iii) \u201ccancellations\u201d reflects the impact of tenant lease terminations or non-renewals or, in limited circumstances, when the lease rates on existing leases are reduced; and (iv) \u201cnew sites\u201d reflects the impact of new property construction and acquisitions.<\/p><p>\n<b>New Site Tenant Billings:<\/b> Day-one Tenant Billings associated with sites that have been built or acquired since the beginning of the prior-year period. Incremental colocations\/amendments, escalations or cancellations that occur on these sites after the date of their addition to our portfolio are not included in New Site Tenant Billings. In certain cases, this could also include the net impact of certain divestitures. The Company believes providing New Site Tenant Billings enhances an investor\u2019s ability to analyze the Company\u2019s existing real estate portfolio growth as well as its development program growth, as the Company\u2019s construction and acquisition activities can drive variability in growth rates from period to period.<\/p><p>\n<b>Organic Tenant Billings:<\/b> Tenant Billings on sites that the Company has owned since the beginning of the prior-year period, as well as Tenant Billings activity on new sites that occurred after the date of their addition to the Company\u2019s portfolio.<\/p><p>\n<b>International pass-through revenue:<\/b> A portion of the Company\u2019s pass-through revenue is based on power and fuel expense reimbursements and therefore subject to fluctuations in fuel prices. As a result, revenue growth rates may fluctuate depending on the market price for fuel in any given period, which is not representative of the Company\u2019s real estate business and its economic exposure to power and fuel costs. Furthermore, this expense reimbursement mitigates the economic impact associated with fluctuations in operating expenses, such as power and fuel costs and land rents in certain of the Company\u2019s markets. As a result, the Company believes that it is appropriate to provide insight into the impact of pass-through revenue on certain revenue growth rates.<\/p><p>\n<b>Straight-line revenue: <\/b>Under GAAP, the Company recognizes revenue on a straight-line basis over the term of the contract for certain of its tenant leases. Due to the Company\u2019s significant base of non-cancellable, long-term tenant leases, this can result in significant fluctuations in growth rates upon tenant lease signings and renewals (typically increases), when amounts billed or received upfront upon these events are initially deferred. These signings and renewals are only a portion of the Company\u2019s underlying business growth and can distort the underlying performance of our Tenant Billings Growth. As a result, the Company believes that it is appropriate to provide insight into the impact of straight-line revenue on certain growth rates in revenue and select other measures.<\/p><p>\n<b>Pre-paid amortization revenue: <\/b>The Company recovers a portion of the costs it incurs for the redevelopment and development of its properties from its tenants.<\/p><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><br\/> <b>Contacts<\/b> <br\/><p>\nSpencer Kurn\n<br\/>Senior Vice President, Investor Relations\n<br\/>Telephone: (617) 375-7517<\/p><br\/> <a href=\"http:\/\/www.businesswire.com\/news\/home\/20260728080275\/en\/American-Tower-Corporation-Reports-Second-Quarter-2026-Financial-Results\/?feedref=Zd8jjkgYuzBwDixoAdXmJgT1albrG1Eq4mAeVP39212bri8lIe-zl5tWvCOnRHW3evRMp3sIgu8q3wq1OF24lT93qbEzrwa15HGbLqMObxY5fjCLYi_If30KxIsYuhwbuLAuCkn8FS6sh-I3dfDZEg==\"> Read full story here <\/a>","protected":false},"excerpt":{"rendered":"<p>CONSOLIDATED HIGHLIGHTS<br \/>\nSecond Quarter 2026\u00a0<\/p>\n<p>Total revenue increased 4.7% to $2,749 million<\/p>\n<p>Total property revenue increased 6.3% to $2,688 million<\/p>\n<p>Net income increased 133.2% to $888 million(1)<\/p>\n<p>Adjusted EBITDA increased 3.2% to $1,808 million<\/p>\n<p>Ne&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-46339","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/46339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46339"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/46339\/revisions"}],"predecessor-version":[{"id":46340,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/46339\/revisions\/46340"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}