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Infrastructure signals dashboard

Tower Signal

Tower companies — tenant billings, portfolio counts, and the carrier spend they measure.

Updated 2026-08-05 | 2 entities

Entities tracked2towerSource detail
Source-backed points9459 source-period linksSource detail

Crown Castle Inc. | Net income | Q2-2026: $94M

SEC structured tag NetIncomeLoss | SEC structured data | SEC structured tag NetIncomeLoss | 10-Q | Accessed 2026-08-11

Crown Castle Inc. | Revenue | Q2-2026: $1B

SEC structured tag Revenues | SEC structured data | SEC structured tag Revenues | 10-Q | Accessed 2026-08-11

Crown Castle Inc. | Capital expenditures | Q2-2026: $59M

SEC structured tag PaymentsToAcquireProductiveAssets | SEC structured data | SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q | Accessed 2026-08-11

American Tower Corporation | Tower count | Q2-2026: 148,000

American Tower Corporation Reports Second Quarter 2026 Financial Results | Source reviewed | Accessed 2026-08-05

Crown Castle Inc. | Tower count | Q2-2026: 40,000

Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Second Quarter 2026 | Source reviewed | Accessed 2026-08-05

American Tower Corporation | Organic tenant billings growth | Q2-2026: 1.7%

American Tower Corporation Reports Second Quarter 2026 Financial Results | Source reviewed | Accessed 2026-08-05

Crown Castle Inc. | Organic tenant billings growth | Q2-2026: 4.2%

Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Second Quarter 2026 | Source reviewed | Accessed 2026-08-05

Crown Castle Inc. | Net income | Q1-2026: $151M

SEC structured tag NetIncomeLoss | SEC structured data | SEC structured tag NetIncomeLoss | 10-Q | Accessed 2026-08-11

American Tower Corporation | Revenue | Q1-2026: $2.7B

SEC structured tag Revenues | SEC structured data | SEC structured tag Revenues | 10-Q | Accessed 2026-08-11

Crown Castle Inc. | Revenue | Q1-2026: $1B

SEC structured tag Revenues | SEC structured data | SEC structured tag Revenues | 10-Q | Accessed 2026-08-11

Primary signals3Comparison table orderSource detail
  • Organic tenant billings growthEach tower company names and constructs the bridge differently, so Sprint/DISH churn and other carve-outs must be preserved before comparison.
  • Tower countCompany-specific definitions; most US carriers exited tower ownership by 2015, so counts often identify landlord versus tenant status rather than coverage.
  • Capital expendituresCash capex is standardized in SEC structured data, but headline carrier capex can diverge from management-defined capital investment, cash capital investment, or success-based capex.
Latest source-backed value$94MCrown Castle Inc. | Net income | Q2-2026Source detail

Crown Castle Inc. | Net income | Q2-2026: $94M

SEC structured tag NetIncomeLoss | SEC structured data | SEC structured tag NetIncomeLoss | 10-Q | Accessed 2026-08-11

Latest source-backed points

Primary Signal Comparison

Rows follow the lens signal order. Cells render only SEC structured data or independently verified source-reviewed points.

SignalCrown Castle Inc.American Tower Corporation

Organic tenant billings growth

Each tower company names and constructs the bridge differently, so Sprint/DISH churn and other carve-outs must be preserved before comparison.

4.2%Q2-2026 | Organic Contribution To Site Rental Billings As Adjusted For Impact Of Sprint Cancellations And DISH Terminations As A Percentage Of Prior Year Site Rental Billings Excluding The Prior Year Site Rental Billings To DISH
“Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations as a percentage of prior year site rental billings excluding the prior year site rental billings to DISH(b) | | 3.9 | % | | 3.7 | % | | 4.1 | % | | 3.6 | % | | 3.3 | % | | | | | 4.2 | %”

As reported: 4.2%

Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Second Quarter 2026Accessed 2026-08-05Independently verified
1.7%Q2-2026 | Organic Tenant Billings Growth
“American Tower generated the following operating results for the quarter ended June 30, 2026 (all comparative information is presented against the quarter ended June 30, 2025). Organic Tenant Billings Growth | $ | 34 | | | 1.7 | %”

As reported: 1.7%

American Tower Corporation Reports Second Quarter 2026 Financial ResultsAccessed 2026-08-05Independently verified

Tower count

Company-specific definitions; most US carriers exited tower ownership by 2015, so counts often identify landlord versus tenant status rather than coverage.

40,000Q2-2026 | Number Of Towers
“PORTFOLIO HIGHLIGHTS (as of June 30, 2026) Number of towers (in thousands)(c) | 40”

As reported: 40 thousand

Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Second Quarter 2026Accessed 2026-08-05Independently verified
148,000Q2-2026 | Communications Sites Portfolio
“American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities.”

As reported: over 148,000 communications sites

American Tower Corporation Reports Second Quarter 2026 Financial ResultsAccessed 2026-08-05Independently verified

Capital expenditures

Cash capex is standardized in SEC structured data, but headline carrier capex can diverge from management-defined capital investment, cash capital investment, or success-based capex.

$59MQ2-2026
SEC structured tag PaymentsToAcquireProductiveAssetsSEC structured tag PaymentsToAcquireProductiveAssets | 10-QAccessed 2026-08-11SEC structured data
$449.5MQ1-2026
SEC structured tag PaymentsToAcquirePropertyPlantAndEquipmentSEC structured tag PaymentsToAcquirePropertyPlantAndEquipment | 10-QAccessed 2026-08-11SEC structured data

Tower and fiber sale-leasebacks shift capex to opex: Sale-leasebacks convert owned-asset capex into recurring lease opex, so falling reported capex may reflect financing structure rather than reduced network investment.

Secondary signals

Secondary Signal Comparison

Secondary values are kept below the operating metrics for this lens.

SignalCrown Castle Inc.American Tower Corporation

Revenue

Revenue is standardized in SEC structured data, but segment taxonomies differ by carrier and can break product-level trend comparisons.

$1BQ2-2026
SEC structured tag RevenuesSEC structured tag Revenues | 10-QAccessed 2026-08-11SEC structured data
$2.7BQ1-2026
SEC structured tag RevenuesSEC structured tag Revenues | 10-QAccessed 2026-08-11SEC structured data

Net income

Net income is comparable at the GAAP line-item level, but REIT merger gains, impairments, and other one-time items can dominate operating performance.

$94MQ2-2026
SEC structured tag NetIncomeLossSEC structured tag NetIncomeLoss | 10-QAccessed 2026-08-11SEC structured data
$839.7MQ3-2022
SEC structured tag NetIncomeLossSEC structured tag NetIncomeLoss | 10-QAccessed 2026-08-11SEC structured data

Featured charts

Source-Backed Series Small Multiples

Organic tenant billings growth

Cleanest proxy for real carrier tower-rent spending net of known churn headwinds.

Crown Castle Inc.

Organic Contribution To Site Rental Billings As Adjusted For Impact Of Sprint Cancellations And DISH Terminations As A Percentage Of Prior Year Site Rental Billings Excluding The Prior Year Site Rental Billings To DISH

Crown Castle Inc. Organic Contribution To Site Rental Billings As Adjusted For Impact Of Sprint Cancellations And DISH Terminations As A Percentage Of Prior Year Site Rental Billings Excluding The Prior Year Site Rental Billings To DISH4.2%0%Q1-2025Q2-20264.2%
Organic Contribution To Site Rental Billings As Adjusted For Impact Of Sprint Cancellations And DISH Terminations As A Percentage Of Prior Year Site Rental Billings Excluding The Prior Year Site Rental Billings To DISH
Source trail for rendered points

Organic Contribution To Site Rental Billings As Adjusted For Impact Of Sprint Cancellations And DISH Terminations As A Percentage Of Prior Year Site Rental Billings Excluding The Prior Year Site Rental Billings To DISH · Q1-2025: 3.9%

organic tenant billings growth: Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Second Quarter 2026 · Accessed 2026-08-05 · Independently verified

Quote
“Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations as a percentage of prior year site rental billings excluding the prior year site rental billings to DISH(b) | | 3.9 | % | | 3.7 | % | | 4.1 | % | | 3.6 | % | | 3.3 | % | | | | | 4.2 | %”

Organic Contribution To Site Rental Billings As Adjusted For Impact Of Sprint Cancellations And DISH Terminations As A Percentage Of Prior Year Site Rental Billings Excluding The Prior Year Site Rental Billings To DISH · Q2-2025: 3.7%

organic tenant billings growth: Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Second Quarter 2026 · Accessed 2026-08-05 · Independently verified

Quote
“Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations as a percentage of prior year site rental billings excluding the prior year site rental billings to DISH(b) | | 3.9 | % | | 3.7 | % | | 4.1 | % | | 3.6 | % | | 3.3 | % | | | | | 4.2 | %”

Organic Contribution To Site Rental Billings As Adjusted For Impact Of Sprint Cancellations And DISH Terminations As A Percentage Of Prior Year Site Rental Billings Excluding The Prior Year Site Rental Billings To DISH · Q3-2025: 4.1%

organic tenant billings growth: Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Second Quarter 2026 · Accessed 2026-08-05 · Independently verified

Quote
“Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations as a percentage of prior year site rental billings excluding the prior year site rental billings to DISH(b) | | 3.9 | % | | 3.7 | % | | 4.1 | % | | 3.6 | % | | 3.3 | % | | | | | 4.2 | %”

Organic Contribution To Site Rental Billings As Adjusted For Impact Of Sprint Cancellations And DISH Terminations As A Percentage Of Prior Year Site Rental Billings Excluding The Prior Year Site Rental Billings To DISH · Q4-2025: 3.6%

organic tenant billings growth: Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Second Quarter 2026 · Accessed 2026-08-05 · Independently verified

Quote
“Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations as a percentage of prior year site rental billings excluding the prior year site rental billings to DISH(b) | | 3.9 | % | | 3.7 | % | | 4.1 | % | | 3.6 | % | | 3.3 | % | | | | | 4.2 | %”

Organic Contribution To Site Rental Billings As Adjusted For Impact Of Sprint Cancellations And DISH Terminations As A Percentage Of Prior Year Site Rental Billings Excluding The Prior Year Site Rental Billings To DISH · Q1-2026: 3.3%

organic tenant billings growth: Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Second Quarter 2026 · Accessed 2026-08-05 · Independently verified

Quote
“Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations as a percentage of prior year site rental billings excluding the prior year site rental billings to DISH(b) | | 3.9 | % | | 3.7 | % | | 4.1 | % | | 3.6 | % | | 3.3 | % | | | | | 4.2 | %”

Organic Contribution To Site Rental Billings As Adjusted For Impact Of Sprint Cancellations And DISH Terminations As A Percentage Of Prior Year Site Rental Billings Excluding The Prior Year Site Rental Billings To DISH · Q2-2026: 4.2%

organic tenant billings growth: Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Second Quarter 2026 · Accessed 2026-08-05 · Independently verified

Quote
“Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations as a percentage of prior year site rental billings excluding the prior year site rental billings to DISH(b) | | 3.9 | % | | 3.7 | % | | 4.1 | % | | 3.6 | % | | 3.3 | % | | | | | 4.2 | %”

American Tower Corporation

Organic Tenant Billings Growth

American Tower Corporation Organic Tenant Billings Growth5.9%0%Q1-2025Q2-20261.7%
Organic Tenant Billings Growth
Source trail for rendered points

Organic Tenant Billings Growth · Q1-2025: 4.7%

organic tenant billings growth: American Tower Corporation Reports First Quarter 2025 Financial Results · Accessed 2026-08-05 · Independently verified

Quote
“American Tower generated the following operating results for the quarter ended March 31, 2025 (all comparative information is presented against the quarter ended March 31, 2024). Organic Tenant Billings Growth | $ | 87 | 4.7 | %”

Organic Tenant Billings Growth · Q2-2025: 4.7%

organic tenant billings growth: American Tower Corporation Reports Second Quarter 2025 Financial Results · Accessed 2026-08-05 · Independently verified

Quote
“American Tower generated the following operating results for the quarter ended June 30, 2025 (all comparative information is presented against the quarter ended June 30, 2024). Organic Tenant Billings Growth | $ | 87 | | | 4.7 | %”

Organic Tenant Billings Growth · Q3-2025: 5%

organic tenant billings growth: American Tower Corporation Reports Third Quarter 2025 Financial Results · Accessed 2026-08-05 · Independently verified

Quote
“American Tower generated the following operating results for the quarter ended September 30, 2025 (all comparative information is presented against the quarter ended September 30, 2024). Organic Tenant Billings Growth | $ | 92 | | | 5.0 | %”

Organic Tenant Billings Growth · Q4-2025: 5.9%

organic tenant billings growth: American Tower Corporation Reports Fourth Quarter and Full Year 2025 Financial Results · Accessed 2026-08-05 · Independently verified

Quote
“American Tower generated the following operating results for the quarter and full year ended December 31, 2025 (all comparative information is presented against the quarter and full year ended December 31, 2024). Organic Tenant Billings Growth | $ | 109 | | | 5.9 | %”

Organic Tenant Billings Growth · Q1-2026: 1.7%

organic tenant billings growth: American Tower Corporation Reports First Quarter 2026 Financial Results · Accessed 2026-08-05 · Independently verified

Quote
“American Tower generated the following operating results for the quarter ended March 31, 2026 (all comparative information is presented against the quarter ended March 31, 2025). Organic Tenant Billings Growth | $ | 32 | | | 1.7 | %”

Organic Tenant Billings Growth · Q2-2026: 1.7%

organic tenant billings growth: American Tower Corporation Reports Second Quarter 2026 Financial Results · Accessed 2026-08-05 · Independently verified

Quote
“American Tower generated the following operating results for the quarter ended June 30, 2026 (all comparative information is presented against the quarter ended June 30, 2025). Organic Tenant Billings Growth | $ | 34 | | | 1.7 | %”

Tower count

Confirms whether a company is an infrastructure landlord or a carrier tenant.

Crown Castle Inc.

Number Of Towers

Crown Castle Inc. Number Of Towers40,0000Q2-2025Q2-202640,000
Number Of Towers
Source trail for rendered points

Number Of Towers · Q2-2025: 40,000

tower count: Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Second Quarter 2025 · Accessed 2026-08-05 · Independently verified

Quote
“PORTFOLIO HIGHLIGHTS (as of June 30, 2025) Number of towers (in thousands)(c) | 40”

Number Of Towers · Q3-2025: 40,000

tower count: Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Third Quarter 2025 · Accessed 2026-08-05 · Independently verified

Quote
“PORTFOLIO HIGHLIGHTS (as of September 30, 2025) Number of towers (in thousands)(c) | 40”

Number Of Towers · Q4-2025: 40,000

tower count: Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Fourth Quarter 2025 · Accessed 2026-08-05 · Independently verified

Quote
“PORTFOLIO HIGHLIGHTS(c) (as of December 31, 2025) Number of towers (in thousands)(d) | 40”

Number Of Towers · Q2-2026: 40,000

tower count: Crown Castle Supplemental Information Package and Non-GAAP Reconciliations, Second Quarter 2026 · Accessed 2026-08-05 · Independently verified

Quote
“PORTFOLIO HIGHLIGHTS (as of June 30, 2026) Number of towers (in thousands)(c) | 40”

American Tower Corporation

Communications Sites Portfolio

American Tower Corporation Communications Sites Portfolio150,0000Q1-2025Q2-2026148,000
Communications Sites Portfolio
Source trail for rendered points

Communications Sites Portfolio · Q1-2025: 149,000

tower count: American Tower Corporation Reports First Quarter 2025 Financial Results · Accessed 2026-08-05 · Independently verified

Quote
“American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 149,000 communications sites and a highly interconnected footprint of U.S. data center facilities.”

Communications Sites Portfolio · Q2-2025: 150,000

tower count: American Tower Corporation Reports Second Quarter 2025 Financial Results · Accessed 2026-08-05 · Independently verified

Quote
“American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of nearly 150,000 communications sites and a highly interconnected footprint of U.S. data center facilities.”

Communications Sites Portfolio · Q3-2025: 149,000

tower count: American Tower Corporation Reports Third Quarter 2025 Financial Results · Accessed 2026-08-05 · Independently verified

Quote
“American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 149,000 communications sites and a highly interconnected footprint of U.S. data center facilities.”

Communications Sites Portfolio · Q2-2026: 148,000

tower count: American Tower Corporation Reports Second Quarter 2026 Financial Results · Accessed 2026-08-05 · Independently verified

Quote
“American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities.”

Capital expenditures

Baseline infrastructure-spend metric and denominator for vendor-financing and sale-leaseback analysis.

Crown Castle Inc.

Capex

Crown Castle Inc. Capex$379M$0Q3-2021Q2-2026$59M
Capex
Source trail for rendered points

Capex · Q3-2021: $283M

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q1-2022: $281M

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q3-2022: $337M

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q4-2022: $243M

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-K · Accessed 2026-08-11 · SEC structured data

Capex · Q1-2023: $341M

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q2-2023: $379M

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q3-2023: $347M

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q1-2024: $47M

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q1-2025: $40M

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q3-2025: $43M

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q1-2026: $57M

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q2-2026: $59M

capex: SEC structured tag PaymentsToAcquireProductiveAssets · SEC structured tag PaymentsToAcquireProductiveAssets | 10-Q · Accessed 2026-08-11 · SEC structured data

American Tower Corporation

Capex

American Tower Corporation Capex$600.1M$0Q1-2021Q1-2026$449.5M
Capex
Source trail for rendered points

Capex · Q1-2021: $324.8M

capex: SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment · SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q3-2021: $314M

capex: SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment · SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q1-2022: $386.1M

capex: SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment · SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q3-2022: $459.2M

capex: SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment · SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q4-2022: $600.1M

capex: SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment · SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment | 10-K · Accessed 2026-08-11 · SEC structured data

Capex · Q1-2023: $461.9M

capex: SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment · SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q2-2023: $420.9M

capex: SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment · SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q3-2023: $390.7M

capex: SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment · SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q1-2024: $396.7M

capex: SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment · SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q1-2025: $331.1M

capex: SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment · SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q3-2025: $465.5M

capex: SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment · SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment | 10-Q · Accessed 2026-08-11 · SEC structured data

Capex · Q1-2026: $449.5M

capex: SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment · SEC structured tag PaymentsToAcquirePropertyPlantAndEquipment | 10-Q · Accessed 2026-08-11 · SEC structured data

Tower and fiber sale-leasebacks shift capex to opex: Sale-leasebacks convert owned-asset capex into recurring lease opex, so falling reported capex may reflect financing structure rather than reduced network investment.

Entity profiles

Source Trails by Entity

Crown Castle Inc.

tower

CCI

American Tower Corporation

tower

AMT