American Tower

Annual price escalators provide visible, contractual pricing power: approximately 3% fixed in the U.S. and inflation‑linked clauses in most international markets. CoreSite’s dense interconnection campuses support additional pricing leverage as customers value low‑latency cross‑connects and cloud on‑ramps.

Offsets include carrier consolidation‑related churn (notably T‑Mobile/Sprint) and periodic macro slowdowns that can delay commencements, but the embedded escalators plus co‑location economics continue to drive mid‑single‑digit organic tenant billings growth globally.