“We are raising our expectations for AFFO attributable to common stockholders by $55 million at the midpoint or $0.12 on a per share basis.”

In context

“es not change our overall expectations to capture the new business. In addition, we are reiterating our organic tenant billings growth expectations of approximately 5% for Europe, raising our expectations for Africa and APAC to greater than 12% due to solid carrier activity and slightly lower churn expectations and raising our expectations for LatAm to greater than 2% driven by modestly higher-than-expected contributions from CPI-linked escalators. Turning to Slide 10. We are increasing our adjusted EBITDA outlook by $120 million compared to our prior outlook driven by the conversion of property revenue, services gross profit and FX tailwinds, partially offset by nonrecurring expense items, including incremental bad debt associated with certain Latin America customers. Moving to Slide 11. We are raising our expectations for AFFO attributable to common stockholders by $55 million at the midpoint or $0.12 on a per share basis. Cash adjusted EBITDA outperformance and FX tailwinds are partially offset by increased minority interest and maintenance capital. Our revised attributable AFFO per share midpoint is $10.56. Year-over-year, AFFO per share growth is now expected to be approximately 6% on an as adjusted basis. Turning to Slide 12. We are modestly revising our 2025 capital plans, which include approximately $1.7 billion in capital expenditures, down $20 million compared to prior outlook and contemplates a 100 site reduction in Latin America and consistent data center spending. We continue to expect to distribute approximately $3.2 billion to our shareholders as a common dividend, which remains unchanged from our prior expectation and subject to Board approval. Moving to the right side of the slide. Our balanc”