Acquisitions (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Acquisition Capital Expenditures



	For the three months
	ended March 31,
	2026		2025


Acquisitions of towers and related assets	$	132,199	$	54,183
Land buyouts and other assets ⁽¹⁾		11,297		9,205
Total cash acquisition capital expenditures	$	143,496	$	63,388

(1)Excludes $2.0 million and $3.2 million spent to extend ground lease terms for the three months ended March 31, 2026 and 2025, respectively. The Company recorded these amounts in prepaid expenses and other assets within the changes in operating assets and liabilities, net of acquisitions section of its Consolidated Statements of Cash Flows.

Schedule of Acquisition of Towers and Related Asset and Liabilities by Assets Class



	For the three months
	ended March 31,
	2026		2025

	(in thousands)
Property and equipment, net	$	4,548	$	27,110
Intangible assets, net		21,200		30,484
Operating lease right-of-use assets, net		113,730		14,120
Acquisition related holdbacks		(145)		(129)
Long-term lease liabilities		(1,701)		(11,991)
Other liabilities assumed, net		(5,433)		(5,411)
Total acquisitions of towers and related assets and liabilities	$	132,199	$	54,183