American Tower Q2 revenue beats estimates on strong leasing demand
AMT•Drivers of the quarter
- Leasing demand - Co said strong global leasing demand and record leasing at CoreSite data centers drove Q2 results
- Foreign currency gains - Net income growth was significantly impacted by foreign currency gains versus prior-year losses
- Straight-line revenue impact - Property revenue growth rate included a negative impact from lower straight-line revenue recognition
Outlook raised for 2026
- American Tower raises full-year 2026 outlook for property revenue to $10.695-$10.845 bln
- Company expects full-year 2026 AFFO attributable to AMT common stockholders per share of $11.00-$11.17
- Company sees strong demand for digital infrastructure driven by mobile, cloud, and AI growth
Quarterly results beat estimates
- U.S. communications tower REIT's Q2 revenue rose 4.7%, beating analyst expectations
- Adjusted EBITDA for Q2 beat consensus, rising 3.2% yr/yr
- Company completed divestitures in the Philippines and Bangladesh during Q2
Key financial details and analyst coverage
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