Jon Atkin

what would be some of the criteria that you would look at to maybe get bigger in some of those developed markets, whether it's scale or valuation

Are we to conclude that you're seeing accelerating growth in, say, cross-connect counts and kilowatt or cabinet growth based on the demand trends

Wondered if you're noticing anything different around carrier activity with respect to doing their own greenfield builds

On ground lease purchases, the pace of it, anything around whether that could increase in terms of outright purchases of lands or lease extensions

I wonder if you could shed a little bit of light as to what happened since the last earnings call that led to this sort of sequence of events

any further thoughts relative to what was shared on the last call around build to suit or external growth through tuck-in M&A and so forth

I wondered if you could talk a little bit about more broadly interconnection bookings, which I think was a record

how do you see the leasing environment over the next several quarters?

Is there a scenario over the next several years, their interconnection growth would exceed the growth that you're seeing

are those targets still relevant? Or should we be thinking about 9% as being the new baseline for AFFO per share growth?

I was interested in the comment on the strong bookings momentum to start the third quarter. Is this seasonality? Is it sales incentives?

I just wonder if there's anything also to call out on direct sales contributions versus indirect and partner channels

Interested in interconnect, what drove the strength, including in fabric any use cases emerging -- or was it more of a sales effort on that particular product?

I'm wondering how you're meeting the challenge of customers potentially drawing more power within the framework of their existing service agreements

any kind of SG&A or COGS or OpEx of any type that might not reoccur in 2026, whether it's due to maybe some costs associated with your efficiency initiatives

any kind of an update on India and Web Werks and how that's kind of going

I wonder if you could maybe just talk about the M&A landscape as it pertains to both ALM as well as data centers.

can you talk a little bit about the industry dynamics in a sector that's still fragmented?

for data centers, just interested in kind of where you see the opportunity set by region. Where might be the deal volumes or the deal sizes be the most meaningful

Anything around capital recycling in your data center portfolio or other as well as any expectations around cash renewal spreads

Any sense as to how far that kind of takes us through end of '25 and 2026 and the directionality around that?

where do you think you might end the year on a run rate basis for U.S. leasing?