American Tower(AMT)

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Growth Or Dividends? Get Both With American Tower
Seeking Alpha· 2024-03-02 13:30
JuSun Growth stocks are all the rage in the market these days, and it's hard not to get bitten by the "FOMO" bug these days. With the S&P 500 (SPY) hovering near all-time lows, even the Dow Jones Index is getting in on the action, with the recent replacement of Walgreens (WBA) with Amazon (AMZN) into the exclusive club of 30 stocks. However, it's during times like these that make it important to stay level-headed. A good reminder is that only a select few stocks have outperformed over the past 12+ month ...
American Tower Corporation Announces Participation in Upcoming March Investor Conferences
Businesswire· 2024-02-28 21:30
BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced that it will participate in the following upcoming March investor conferences: Tuesday, March 5, 2024, 1:05 p.m. ET – Adam Smith, Senior Vice President, Investor Relations, is scheduled to speak at the Raymond James 45th Annual Institutional Investors Conference in Orlando, Florida. Wednesday, March 6, 2024, 8:50 a.m. ET – Steve Vondran, President and Chief Executive Officer, is scheduled to speak at Citi's 2024 Global Prop ...
American Tower's (AMT) Q4 AFFO Beat Estimates, Revenues Rise Y/Y
Zacks Investment Research· 2024-02-28 16:50
American Tower Corporation (AMT) reported fourth-quarter adjusted funds from operations (AFFO) per share, attributable to AMT common stockholders, of $2.29, outpacing the Zacks Consensus Estimate of $2.18. Total revenues of $2.79 billion, beat the Zacks Consensus Estimate of $2.73 billion.Its AFFO per share reported a 2.1% decrease year over year, while revenues rose 3% from the prior-year quarter.For 2023, the company’s AFFO of $9.87 per share increased 1.1% from a year ago and beat the consensus estimate ...
American Tower's (AMT) Q4 AFFO & Revenues Beat Estimates
Zacks Investment Research· 2024-02-27 17:06
Shares of American Tower Corporation (AMT) have gained nearly 1.3% in today’s trading session in response to stellar fourth-quarter results.Adjusted funds from operations (AFFO) per share, attributable to AMT common stockholders, of $2.29 beat the Zacks Consensus Estimate of $2.18 but declined 2.1% 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 6.1% and tota ...
American Tower(AMT) - 2023 Q4 - Earnings Call Presentation
2024-02-27 16:48
Fourth Quarter & Full Year 2023 Earnings Conference Call Agenda Introduction Adam Smith Senior Vice President, Investor Relations Opening Remarks Steven Vondran President and Chief Executive Officer Financial Results Rod Smith Executive Vice President, Chief Financial Officer and Treasurer QA ...
American Tower(AMT) - 2023 Q4 - Earnings Call Transcript
2024-02-27 16:48
American Tower Corporation (NYSE:AMT) Q4 2023 Earnings Conference Call February 27, 2024 8:30 AM ET Company Participants Adam Smith - SVP, IR Steven Vondran - President & CEO Rod Smith - EVP, CFO & Treasurer Conference Call Participants Simon Flannery - Morgan Stanley Michael Rollins - Citigroup David Barden - Bank of America Richard Prentiss - Raymond James Eric Luebchow - Wells Fargo Batya Levi - UBS Matthew Niknam - Deutsche Bank Brandon Nispel - KeyBanc Operator Ladies and gentlemen, thank you for stand ...
Compared to Estimates, American Tower (AMT) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-02-27 15:36
For the quarter ended December 2023, American Tower (AMT) reported revenue of $2.79 billion, up 3% over the same period last year. EPS came in at $2.29, compared to -$1.47 in the year-ago quarter.The reported revenue represents a surprise of +1.97% over the Zacks Consensus Estimate of $2.73 billion. With the consensus EPS estimate being $2.18, the EPS surprise was +5.05%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...
American Tower (AMT) Q4 FFO and Revenues Surpass Estimates
Zacks Investment Research· 2024-02-27 14:11
American Tower (AMT) came out with quarterly funds from operations (FFO) of $2.29 per share, beating the Zacks Consensus Estimate of $2.18 per share. This compares to FFO of $2.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 5.05%. A quarter ago, it was expected that this wireless communications infrastructure company would post FFO of $2.35 per share when it actually produced FFO of $2.58, delivering a surprise of 9.79%.Over th ...
What's in Store for American Tower (AMT) This Earnings Season?
Zacks Investment Research· 2024-02-26 16:11
American Tower Corporation (AMT) is scheduled to release fourth-quarter and full-year 2023 results on Feb 27 before the opening bell. While the quarterly results are expected to reflect year-over-year growth in revenues, funds from operations (FFO) per share might exhibit a decline.In the last quarter, American Tower reported an adjusted FFO per share of $2.58, beating the consensus mark by 9.79%. The quarterly results reflected better-than-anticipated revenues, aided by improving revenues across its Proper ...
American Tower(AMT) - 2023 Q4 - Annual Results
2024-02-26 16:00
Exhibit 99.1 (1)(2)(3) (1)(2) (1)(2)(3) (1)(2) Contact: Adam Smith Senior Vice President, Investor Relations Telephone: (617) 375-7500 AMERICAN TOWER CORPORATION REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS CONSOLIDATED HIGHLIGHTS Fourth Quarter 2023 Full Year 2023 ● Total revenue increased 3.0% to $2,787 million ● Total revenue increased 4.0% to $11,144 million ● Property revenue increased 4.6% to $2,766 million ● Property revenue increased 5.1% to $11,001 million ● Net income increased 101. ...