Acquisitions and Disposals (Tables)

9 Months Ended

Sep. 30, 2026

Acquisitions and Disposals [Abstract]

Schedule of Acquisition Capital Expenditures



	For the three months				For the nine months
	ended September 30,				ended September 30,
	2026		2025		2026		2025

					(in thousands)
Acquisitions of towers and related assets ⁽¹⁾	$	13,056	$	654	$	154,977	$	634,751
Land buyouts and other assets ⁽²⁾		19,337		11,151		49,700		29,664
Total cash acquisition capital expenditures	$	32,393	$	11,805	$	204,677	$	664,415

(1)The three and nine months ended September 30, 2025 exclude a $139.6 million acquisition completed during the third quarter of 2025 which was not funded until the fourth quarter of 2025.

(2)Excludes $2.1 million and $1.8 million spent to extend ground lease terms for the three months ended September 30, 2026 and 2025, respectively, and excludes $8.6 million and $9.7 million spent to extend ground lease terms for the nine months ended September 30, 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 Assets and Liabilities by Assets Class



	For the nine months
	ended September 30,
	2026		2025

	(in thousands)
Property and equipment, net	$	11,615	$	476,720
Intangible assets, net		46,243		391,685
Operating lease right-of-use assets, net		115,656		82,910
Acquisition related holdbacks		(645)		(129)
Long-term lease liabilities		(4,063)		(57,623)
Other liabilities assumed, net		(13,829)		(258,812)
Total acquisitions of towers and related assets and liabilities	$	154,977	$	634,751