American Tower's (AMT) Q4 AFFO Beat Estimates, Revenues Rise Y/Y

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 ...