Organic Tenant Billings Growth

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American Tower(AMT) - 2018 Q4 - Earnings Call Presentation
2025-06-30 14:45
Financial Performance in 2018 - Total property revenue increased by 25.3% to $2.103 billion in Q4 2018 and by 11.4% to $7.315 billion for the full year 2018[4] - Total revenue grew by 25.1% to $2.132 billion in Q4 2018 and by 11.6% to $7.440 billion for the full year 2018[4] - Net income attributable to AMT common stockholders increased by 26.4% to $278 million in Q4 2018 and by 6.6% to $1.227 billion for the full year 2018[4] - Adjusted EBITDA increased by 38.2% to $1.425 billion in Q4 2018 and by 14.1% to $4.667 billion for the full year 2018, with an Adjusted EBITDA margin of 66.8% and 62.7% respectively[4] - Consolidated AFFO increased by 50.8% to $1.067 billion in Q4 2018 and by 22.0% to $3.539 billion for the full year 2018[4] Growth and Outlook - The company anticipates approximately $630 million FX-neutral increase in 2019 property revenue, representing approximately 5.9% normalized growth[15] - The company expects normalized adjusted EBITDA growth of approximately 9% in 2018, or approximately 12% excluding the impacts of net straight-line recognition[13] - The company projects normalized consolidated AFFO per share growth of over 11% in 2018, driven by solid organic new business growth and operational efficiency[13] - The company anticipates normalized international organic tenant billings growth to be approximately 0.5% higher than the U S at the midpoint in 2019[21]