American Tower (AMT) Q2 AFFO Beat Estimates, '24 View Raised

American Tower Corporation’s (AMT) shares have gained nearly 2.5% in today’s trading session on stellar second-quarter results.Adjusted funds from operations (AFFO) per share, attributable to AMT common stockholders, of $2.79 beat the Zacks Consensus Estimate of$2.53 and climbed 13.4% 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 5.3% and total tenant bill ...