Acquisitions (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Acquisition Capital Expenditures



	For the three months
	ended March 31,
	2025		2024

	(in thousands)
Acquisitions of towers and related assets	$	54,183	$	10,295
Land buyouts and other assets ⁽¹⁾		9,205		9,110
Total cash acquisition capital expenditures	$	63,388	$	19,405

(1)Excludes $3.2 million and $4.6 million spent to extend ground lease terms for the three months ended March 31, 2025 and 2024, 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,
	2025		2024

	(in thousands)
Property and equipment, net	$	27,110	$	1,622
Intangible assets, net		30,484		9,639
Operating lease right-of-use assets, net		14,120		1,572
Acquisition related holdbacks		(129)		(2,305)
Long-term lease liabilities		(11,991)		(204)
Other liabilities assumed, net		(5,411)		(29)
Total acquisitions of towers and related assets and liabilities	$	54,183	$	10,295