Property and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2026

Property and Equipment, Net [Abstract]



	As of		As of
	March 31, 2026		December 31, 2025

	(in thousands)
Towers and related assets	$	6,637,917	$	6,606,764
Construction-in-process ⁽¹⁾		82,292		72,794
Furniture, equipment, and vehicles		100,070		97,984
Land, buildings, and improvements ⁽²⁾		990,430		985,019
Total property and equipment		7,810,709		7,762,561
Less: accumulated depreciation		(4,394,773)		(4,360,762)
Property and equipment, net	$	3,415,936	$	3,401,799

(1)Construction-in-process represents costs incurred related to towers and other assets that are under development and will be used in the Company’s site leasing operations.

(2)Includes amounts related to the Company’s data centers.