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attributable expectations by per stockholders $X.XX raising the midpoint are share per moving our on $X.XX midpoint $XX We or for common AFFO to share. the basis, to million at a approximately
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million. As I FX of caused earlier, noted $X a headwind approximately
XX. to on Moving Slide
review of we XX% Let's for the to growth year-over-year approximately plans at set a which common beginning board the year, stock allocation rate in expectations capital our dividends, subject with distribute represents a on year. Consistent basis, per are billion planning approval. the share $X of to the full
a in volumes. reduction with with consistent nondiscretionary anticipated earlier, CapEx $X.X mentioned lower associated the development build which spend CapEx also includes at billion, acceleration I projects discretionary year certain that new remains full offset spend, of lower Our by
organic while capital my strategy execute position further that margins, remarks, line we're cash our and maximizes total earlier risk As sheet of a enhancing solid all creating deployment to global operational balance financial strengthening is efficiency financial shareholder on growth through with and reducing focused incremental flexibility. value goal quality by always, earnings our and expanding optimizing returns.
In
projects relates believe strength risk-adjusted expenditure and sheet spend backdrop, it optimal the and to on As balance we keep and to that yield prioritize it's focused earnings. returns against best select of discretionary capital the quality allocation economic current capital
approval.
By attributable of next dividend XXXX profile we that share, $X.XX sight AFFO year, thereafter, its supportive share line our our Additionally, for the total with Board for through our we anticipate positioned manner Tower historical income in to decoupled the Consistent in our growth from compelling more a per shareholder taxable call. sheet earnings and returns on priorities, to our closely long next plans subject all XXXX current with of supported sustained term. practice, maintaining growth detail aligns believe in REIT a focusing resuming is of balance expectation per strength we'll above American XXXX discuss on our over
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in capital reducing the forward, further potentially risk our debt strength and Moving our flexibility. opportunistic enhancing and markets, accessing we'll remain ensuring balance continued financial sheet,
to our summary, a our long balance shareholders can returns Tower of sustained committed over portfolio manner we derisking and structure, the make that uses to to in our assets of open amplified for operational attractive face drive positions growth Turning organic communications diverse questions. for the progress to and sources our that, in American attractive strengthening sheet.
Furthermore, exceptional capital remain by allocation operator, demonstrate and we term.
With a capital priorities line in resiliency continue macroeconomic Complementing to we and the through in producing backdrop, leasing continue cost XX our further margin. global performance, management Slide managing at the challenging
