American Tower beats top-line and bottom-line estimates; updates FY outlook

* American Tower press release [https://seekingalpha.com/pr/20281597-american-tower-corporation-reports-third-quarter-2025-financial-results] (NYSE:AMT [https://seekingalpha.com/symbol/AMT]): Q3 FFO of $2.78 beats by $0.32.
* Revenue of $2.72B beats by $60M.
* Total property revenue increased 5.9% to $2,616 million.
* Adjusted EBITDA increased 7.6% to $1,816 million.
* Net income attributable to AMT common stockholders increased 207.7% to $853 million, primarily due to foreign currency losses in the prior year period.
* AFFO attributable to AMT common stockholders increased 5.3% to $1,303 million.
* AFFO attributable to AMT common stockholders, as adjusted, increased 10.4% to $1,303 million.
*

2025 OUTLOOK:

($ IN MILLIONS, EXCEPT PER SHARE AMOUNTS.)

FULL YEAR 2025

Midpoint Growth Rates vs. Prior Year

Midpoint Growth Rates vs. Prior Year, As Adjusted

Total property revenue(1)(2)

$

10,210

to

$

10,290

3.2%

N/A

Net income

2,458

to

2,513

9.0%

N/A

Net income attributable to AMT common stockholders

2,363

to

2,418

6.0%

N/A

Adjusted EBITDA(3)

7,058

to

7,113

4.0%

N/A

AFFO attributable to AMT common stockholders

4,973

to

5,028

1.3%

7.3%

AFFO attributable to AMT common stockholders per Share

$

10.60

to

$

10.72 (CONSENSUS OF $8.42)

1.1%

7.0%

Click to enlarge

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