Core Viewpoint - American Tower Corporation (AMT) is expected to report a year-over-year decline in revenues and adjusted funds from operations (AFFO) per share for the second quarter of 2025 [1][9]. Group 1: Financial Performance - In the last quarter, AMT reported an AFFO per share of $2.75, exceeding the consensus estimate of $2.60, with a year-over-year revenue increase driven by growth in its property and service operations [2]. - The consensus estimate for total property segment revenues is $2.50 billion, indicating a decline from $2.85 billion reported in the same quarter last year [6]. - The Zacks Consensus Estimate for quarterly revenues is $2.58 billion, reflecting an 11% drop from the previous year's figure, while the AFFO per share estimate has remained unchanged at $2.59, representing a 7.2% decrease year-over-year [7][9]. Group 2: Growth Drivers - Increased capital expenditure by wireless carriers due to rising wireless penetration and accelerated 5G deployment is expected to sustain strong demand for AMT's communication real estate portfolio [3]. - The Services segment is projected to generate operating revenues of $74.9 million, a significant increase from $47 million in the prior-year quarter [4]. - The Data Centers segment is anticipated to see operating revenues of $257.7 million, up from $231 million in the year-ago period, benefiting from growth in cloud computing and IT infrastructure demand [5]. Group 3: Challenges - Elevated churn rates in AMT's U.S. and Canada property segments and high interest costs are likely to negatively impact overall performance during the quarter [6][9].