American Tower's (AMT) Q1 AFFO Beat Estimates, '24 View Raised [Yahoo! Finance]
American Tower Corporation (REIT) (AMT)
Last american tower corporation (reit) earnings: 4/29 07:00 am
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US:NYSE Investor Relations:
americantower.com/corporateus/investor-relations/index.htm
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Source: Yahoo! Finance
Adjusted funds from operations (AFFO) per share, attributable to AMT common stockholders, of $2.79 beat the Zacks Consensus Estimate of $2.55 and climbed 9.8% year over year. Results reflect better-than-anticipated revenues, aided by revenue growth across its Property segment. American Tower recorded healthy year-over-year organic tenant billings growth of 5.4% and total tenant billings growth of 6.3%. It has also raised its 2024 outlook. The company has clocked in total revenues of $2.83 billion, outpacing the Zacks Consensus Estimate of $2.80 billion. On a year-over-year basis, the figure increased 2.4% from the prior-year quarter. Per Steven Vondran, CEO of American Tower, “The strong performance we saw in 2023, underscored by robust demand across our asset platforms, continued into the first quarter, resulting in Attributable AFFO per share growth of nearly 10%. With visibility into accelerating activity across the U.S. and Europe, a continuation of elevated new business gr
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- International Markets and American Tower (AMT): A Deep Dive for Investors [Yahoo! Finance]Yahoo! Finance
- American Tower (AMT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- American Tower Co. (NYSE: AMT) had its price target lowered by analysts at Scotiabank from $243.00 to $223.00. They now have a "sector outperform" rating on the stock.MarketBeat
AMT
Earnings
- 4/30/24 - Beat
AMT
Sec Filings
- 5/7/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- AMT's page on the SEC website