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Stock impact report

American Tower Corporation Reports First Quarter 2020 Financial Results

American Tower Corporation (REIT) (AMT) 
Last american tower corporation (reit) earnings: 4/29 07:00 am Check Earnings Report
Company Research Source: Business Wire
CONSOLIDATED HIGHLIGHTSFirst Quarter 2020 Total revenue increased 9.9% to $1,993 millionProperty revenue increased 10.5% to $1,973 millionNet income increased 2.7% to $419 millionAdjusted EBITDA increased 14.1% to $1,271 millionConsolidated AFFO increased 5.3% to $907 million  BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended March 31, 2020.Tom Bartlett, American Tower’s Chief Executive Officer, stated, “Despite the challenges posed by the COVID-19 pandemic, we delivered a solid first quarter, including U.S. Organic Tenant Billings Growth of 5.6%, consistent international leasing activity and a 20% dividend increase. We believe that the resilience and stability of our business model, our investment-grade balance sheet, substantial liquidity and the secular global growth trends in mobile data usage will help us manage through the ongoing crisis.As we stand together with our employees, tenants and communities, we ar Show less Read more
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