Property and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2025

Property and Equipment, Net [Abstract]

Property and Equipment, Net

	As of		As of
	March 31, 2025		December 31, 2024
	(in thousands)
Towers and related assets	$	5,947,663	$	5,902,092
Construction-in-process (1)		77,677		72,202
Furniture, equipment, and vehicles		89,323		84,629
Land, buildings, and improvements (2)		1,010,865		1,013,253
Total property and equipment		7,125,528		7,072,176
Less: accumulated depreciation		(4,306,621)		(4,280,092)
Property and equipment, net	$	2,818,907	$	2,792,084

(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.