“Yes, we don't -- we're not changing our long-term guidance in terms of what we believe the average to be from that 2023 through 2027 time period.”

In context

“for our shareholders over the long-term. With that, operator, we can open the line for questions. Operator: [Operator Instructions] Your first question comes from the line of Michael Rollins from Citi. Please go ahead. Michael Rollins : Thanks and good morning. First, can you give us some additional details on what you're seeing in the domestic leasing environment, including the mix of COLO versus amendments? And is that mix affecting kind of the book-to-bill for the OTPG metrics over the course of '25? And then just maybe second, and to the point about domestic leasing opportunities, can you give us an update on the multiyear growth opportunity? And do you still see annual growth in the mid-single-digit range going through 2027? Thanks. Steve Vondran : Yes. Thanks for the question, Mike. Yes, we don't -- we're not changing our long-term guidance in terms of what we believe the average to be from that 2023 through 2027 time period. And when we look at this year's OTPG in particular, there is a little bit of a mix, but I'll -- it's a little bit more nuanced than just COLOs versus amendments. We do have a sequential step-down in our contracted use right fee under our comprehensive agreements. As we told you guys when we laid out the guidance, we had more visibility early in that process. It gets a little bit less each year. And so our organic tenant billings growth is a factor of those use fees plus the incremental amendments and new leases that are outside of those contracted use fees. So we do still have one customer that's not on a comprehensive agreement with respect to amendments. And then we also have colocations that are outside of the contracted use fees with some other customers as well. And so what we're see”