“And so you could see that number grow kind of into that range that you're talking about.”

In context

“ngle-digit AFFO per share growth rate may be driving that up from there as we talked about with Ric's question, that all would kind of tie into our ability to grow the dividend. And if that dividend grows in line with AFFO per share, we do see the dividend payout as a percent of AFFO staying roughly where it is, which, call it, between 60 and mid-60s kind of in that range. That leaves us another $1.5 billion to $2 billion-ish to deploy into our CapEx programs around the globe or use it to buy back shares or we can allocate it to debt reductions if we wanted to, but it still leaves us with plenty of excess capital to run the business. Steve Vondran: And on the CapEx for CoreSite, we're not constraining the business. So the business has the opportunity to deploy as much capital as it wants. And so you could see that number grow kind of into that range that you're talking about. And I would also just reiterate that the beauty of how we've constructed our CoreSite entity with our private capital partners is, we have a lot of optionality in terms of how we fund that additional capital growth. So we'll be able to make the determination how much American Tower wants to put in versus how much we rely on our partners kind of real-time as we're looking at the budgets for next year. So it's too early to tell you what the budget is going to be and what percentage we're going to pay. But it's a very good use of capital. We're still able to underwrite those mid-teens or better development yields and stabilization. And because the pre-leasing is at historically high levels, it's a very low risk way to deploy capital. And we actually get a stabilization even sooner. So we thi”