Richard DruryWritten by Sam Kovacs Introduction Real estate has been the worst performing sector year to date, with the SPDR Select Real Estate Fund (XLRE) declining 7.5% while the S&P 500 has increased 7.5%. At the beginning of the year, I proclaimed that "2024 would be the year of the REIT". 5 months in, and I'm starting to look like the class clown. But I do not fear, as there are things I know which mean I can sleep well at night buying the highest quality REITs. What things do I know, you may ask? ...

Did you analyze how American Tower (AMT) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this wireless communications infrastructure company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and grow ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One): ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended March 31, 2024. ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Commission File Number: 001-14195 AMERICAN TOWER CORPORATION (Exact name of registrant as specified in its charter) Delaware 65-0723837 (State or other jurisdiction of Incorporation or Org ...

Shares of American Tower Corporation (AMT) have declined marginally so far in today’s trading session despite stellar first-quarter results.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 ...

American Tower Corporation [AMT] Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants Steve Vondran - President & CEO Rod Smith - EVP, CFO & Treasurer Adam Smith - SVP, IR and FP&A Conference Call Participants Matt Niknam - Deutsche Bank Michael Rollins - Citigroup Simon Flannery - Morgan Stanley Rick Prentiss - Raymond James David Barden - Bank of America Nick Del Deo - MoffettNathanson Batya Levi - UBS Jon Atkin - RBC Operator Ladies and gentlemen, thank you for standing by. Wel ...

For the quarter ended March 2024, American Tower (AMT) reported revenue of $2.83 billion, up 2.4% over the same period last year. EPS came in at $2.79, compared to $0.72 in the year-ago quarter.The reported revenue represents a surprise of +1.12% over the Zacks Consensus Estimate of $2.8 billion. With the consensus EPS estimate being $2.55, the EPS surprise was +9.41%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

American Tower (AMT) came out with quarterly funds from operations (FFO) of $2.79 per share, beating the Zacks Consensus Estimate of $2.55 per share. This compares to FFO of $2.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 9.41%. A quarter ago, it was expected that this wireless communications infrastructure company would post FFO of $2.18 per share when it actually produced FFO of $2.29, delivering a surprise of 5.05%.Over th ...

First Quarter 2024 Earnings Conference Call April 30, 2024 Agenda Introduction Adam Smith Senior Vice President, Investor Relations & FP&A Opening Remarks Steven Vondran President and Chief Executive Officer Financial Results Rod Smith Executive Vice President, Chief Financial Officer and Treasurer QA ...

Exhibit 99.1 Contact: Adam Smith Senior Vice President, Investor Relations and FP&A Telephone: (617) 375-7500 AMERICAN TOWER CORPORATION REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS CONSOLIDATED HIGHLIGHTS First Quarter 2024 ● Total revenue increased 2.4% to $2,834 million ● Property revenue increased 3.3% to $2,804 million ● Net income increased 192.6% to $922 million ● Adjusted EBITDA increased 5.2% to $1,854 million ● Net income attributable to AMT common stockholders increased 173.2% to $917 million ● A ...

American Tower Corporation (AMT) is scheduled to release first-quarter 2024 results on Apr 30, before the opening bell. The quarterly results are expected to reflect year-over-year growth in revenues and funds from operations (FFO) per share.In the last quarter, American Tower reported an adjusted FFO per share of $2.29, beating the consensus mark by 5.05%. The quarterly results reflected better-than-anticipated revenues, aided by revenue growth across its Property segment.Over the preceding four quarters, ...