Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2024

Property and Equipment, Net [Abstract]

Property and Equipment, Net

	As of		As of
	December 31, 2024		December 31, 2023
	(in thousands)
Towers and related assets	$	5,902,092	$	5,836,485
Construction-in-process (1)		72,202		105,627
Furniture, equipment, and vehicles		84,629		76,031
Land, buildings, and improvements (2)		1,013,253		941,358
Total property and equipment		7,072,176		6,959,501
Less: accumulated depreciation		(4,280,092)		(4,247,782)
Property and equipment, net	$	2,792,084	$	2,711,719

(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.