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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2025
Acquisitions [Abstract]  
Schedule of Acquisition Capital Expenditures

For the three months

For the six months

ended June 30,

ended June 30,

2025

2024

2025

2024

(in thousands)

Acquisitions of towers and related assets

$

579,914

$

27,899

$

634,097

$

38,194

Land buyouts and other assets (1)

9,308

13,718

18,513

22,828

Total cash acquisition capital expenditures

$

589,222

$

41,617

$

652,610

$

61,022

(1)Excludes $4.6 million and $3.7 million spent to extend ground lease terms for the three months ended June 30, 2025 and 2024, respectively, and excludes $7.8 million and $9.3 million spent to extend ground lease terms for the six months ended June 30, 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 six months

ended June 30,

2025

2024

(in thousands)

Property and equipment, net

$

435,294

$

13,398

Intangible assets, net

218,806

24,307

Operating lease right-of-use assets, net

66,499

9,453

Acquisition related holdbacks

(129)

(3,415)

Long-term lease liabilities

(42,890)

(5,321)

Other liabilities assumed, net

(43,483)

(228)

Total acquisitions of towers and related assets and liabilities

$

634,097

$

38,194