American Tower rises after lifting annual forecast
AMT•Shares rise after annual forecast increase
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Shares of communications infrastructure REIT American Tower (AMT.N) rise 2.9% to $169.60 premarket
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Co raises 2026 forecast for property revenue, adjusted EBITDA, AFFO and AFFO per share
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Expects 2026 total property revenue midpoint growth of 4.5%, above analyst estimate of 3.7% - data compiled by LSEG
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Q2 revenue $2.75 bln beats estimate of $2.70 bln; Q2 net income more than doubles to $888 mln
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Up to last close, stock down ~5% YTD
