American Tower(AMT)

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American Tower: An Undervalued Dividend Stock Benefiting From Durable Competitive Advantages
Seeking Alpha· 2024-11-18 14:00
Founder of Dividend Mantra. Founder of Mr. Free At 33. Co-Founder of Dividends & Income. I started blogging about my journey to financial independence back in 2011. By living well below my means and intelligently investing my hard-earned capital, I went from below broke at age 27 to financially free at 33 years old. I regularly create content on dividend growth investing, living off of dividends, undervalued high-quality dividend growth stocks, high-yield situations, and other long-term investment opportuni ...
Unabated Demand Could Drive Towering Growth for This Top Dividend Stock in 2025 and Beyond
The Motley Fool· 2024-11-01 09:42
American Tower's growth headwinds should fade next year.American Tower (AMT 0.03%) has encountered a few speedbumps over the past year, which has slowed its growth. As a result, the infrastructure-focused real estate investment trust (REIT) hasn't been able to increase its dividend. That's a notable departure for a company that had delivered more than 20% annual dividend growth since 2013. The infrastructure REIT's headwinds are masking the unabated demand it's seeing for communications and data infrastruct ...
American Tower(AMT) - 2024 Q3 - Quarterly Report
2024-10-29 20:05
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 September 30, 2024. ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Commission File Number: 001-14195 | --- | --- | --- | |----------------------------------------------------------------------------|---------------------------------------------------- ...
American Tower Stock Declines Despite Q3 AFFO Beat, '24 View Lowered
ZACKS· 2024-10-29 18:30
American Tower Corporation’s (AMT) shares have declined nearly 4% in today’s trading session on a lower 2024 outlook.Its third-quarter 2024 adjusted funds from operations (AFFO) per share, attributable to AMT common stockholders, of $2.64 beat the Zacks Consensus Estimate of $2.54 and climbed 2.3% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect a year-over-year rise in revenues, aided by revenue growth across its service operations segment. American To ...
American Tower(AMT) - 2024 Q3 - Earnings Call Transcript
2024-10-29 16:30
American Tower Corporation (NYSE:AMT) Q3 2024 Earnings Call Transcript October 29, 2024 8:30 AM ET Company Participants Adam Smith - SVP of IR & FP&A Steve Vondran - President and CEO Rod Smith - EVP, CFO, and Treasurer Conference Call Participants Ric Prentiss - Raymond James David Barden - Bank of America Simon Flannery - Morgan Stanley James Schneider - Goldman Sachs Batya Levi - UBS Nick Del Deo - MoffettNathanson Brandon Nispel - KeyBanc Capital Markets Richard Choe - JPMorgan Operator Ladies and gentl ...
American Tower(AMT) - 2024 Q3 - Earnings Call Presentation
2024-10-29 15:02
AMERICAN TOWER® C O R P O R A T I O N Third Quarter 2024 Earnings Conference Call October 29, 2024 Agenda Introduction Adam Smith Senior Vice President, Investor Relations & FP&A Opening Remarks Steven Vondran President and Chief Executive Officer Rod Smith Executive Vice President, Chief Financial Officer and Treasurer Financial Results Q&A 2 Forward-Looking Statements 3 "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements ...
Compared to Estimates, American Tower (AMT) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-29 15:00
American Tower (AMT) reported $2.52 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 10.5%. EPS of $2.64 for the same period compares to $1.26 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.76 billion, representing a surprise of -8.78%. The company delivered an EPS surprise of +3.94%, with the consensus EPS estimate being $2.54. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...
American Tower (AMT) Q3 FFO Surpass Estimates
ZACKS· 2024-10-29 13:11
American Tower (AMT) came out with quarterly funds from operations (FFO) of $2.64 per share, beating the Zacks Consensus Estimate of $2.54 per share. This compares to FFO of $2.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 3.94%. A quarter ago, it was expected that this wireless communications infrastructure company would post FFO of $2.53 per share when it actually produced FFO of $2.79, delivering a surprise of 10.28%.Over t ...
American Tower(AMT) - 2024 Q3 - Quarterly Results
2024-10-29 11:05
Exhibit 99.1 https://files.reportify.cc/m Contact: Adam Smith Senior Vice President, Investor Relations and FP&A Telephone: (617) 375-7500 AMERICAN TOWER CORPORATION REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS On September 12, 2024, American Tower Corporation (the "Company" or "American Tower") completed the sale of 100% of the equity interests in its operations in India ("ATC TIPL" or "ATC India") to Data Infrastructure Trust, an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asse ...
American Tower Gears Up for Q3 Earnings: What You Can Expect
ZACKS· 2024-10-28 18:25
American Tower Corporation (AMT) is scheduled to release third-quarter 2024 results on Oct. 29, before the opening bell. The quarterly results are expected to reflect a year-over-year decline in revenues and funds from operations (FFO) per share. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last quarter, American Tower reported an adjusted FFO per share of $2.79, which beat the consensus mark by 10.3%. The quarterly results reflected better-than-anticipated revenues, aide ...