American Tower Surpasses Earnings Expectations, Stock Rises
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2026
0mins
Source: seekingalpha
- Earnings Beat: American Tower (AMT) saw a 1.8% premarket stock rise after reporting Q1 adjusted AFFO per share of $2.84, exceeding the $2.75 consensus and up from $2.63 in Q3 and $2.75 in Q4 2024, indicating strong operational performance.
- 2026 Guidance Raised: The company increased its 2026 adjusted FFO per share guidance to $10.90-$11.07 (midpoint $10.99), surpassing the Visible Alpha consensus of $10.98, reflecting positive foreign currency impacts and accelerating revenue growth in Latin America.
- Strong Revenue Growth: Total operating revenue reached $2.74 billion, exceeding the $2.65 billion consensus, remaining flat from the previous quarter but showing significant growth from $2.56 billion a year ago, highlighting robust demand for communication infrastructure.
- Cost Control Improvement: Total operating expenses were $1.50 billion, below the Visible Alpha estimate of $1.46 billion, increasing from $1.31 billion in Q1 2025 but decreasing from $1.58 billion in Q4, demonstrating ongoing efforts in cost management.
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Analyst Views on AMT
Wall Street analysts forecast AMT stock price to rise
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 186.680
Low
185.00
Averages
211.45
High
254.00
Current: 186.680
Low
185.00
Averages
211.45
High
254.00
About AMT
American Tower Corporation is a global real estate investment trust (REIT) and an independent owner, operator and developer of multitenant communications real estate with a portfolio of nearly 150,000 communications sites and a highly interconnected footprint of United States data center facilities. The Company's segments include U.S. & Canada property, Africa & APAC property, Europe property, Latin America property, Data Centers and Services. The Company’s primary business is leasing space on multitenant communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. The Company’s Data Centers segment relates to data center facilities and related assets that it owns and operates in the United States. Its Services segment offers tower-related services in the United States, including AZP, structural and mount analyses, and construction management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Record Date for Shareholders: The record date for this distribution is set for June 12, 2026, ensuring that shareholders holding stock by this date will receive the cash payout, thereby enhancing investor confidence.
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See More
American Tower Declares Quarterly Dividend of $1.79 per Share
- Quarterly Dividend Announcement: American Tower has declared a quarterly dividend of $1.79 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract more income-focused investors.
- Dividend Yield: The forward yield of 3.94% reflects the company's attractiveness in the current market environment, potentially increasing investor interest in its stock, especially amid rising interest rates.
- Shareholder Record Date: The dividend is payable on July 13, with a record date of June 12 and an ex-dividend date also on June 12, providing investors with a clear timeline for their investment decisions.
- Market Performance Analysis: Despite robust fundamentals in the 5G and data center sectors, American Tower's stock has shown mixed optics in the market, indicating varying perceptions of REIT stocks, which may impact investor confidence.
See More
American Tower Corporation Declares Quarterly Cash Distribution
- Cash Distribution Announcement: American Tower Corporation's Board of Directors has declared a quarterly cash distribution of $1.79 per share, payable on July 13, 2026, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Record Date for Shareholders: The record date for this distribution is set for June 12, 2026, ensuring that shareholders holding stock by this date will receive the cash payout, thereby enhancing investor confidence.
- Company Background: As one of the largest global REITs, American Tower operates nearly 150,000 communications sites, showcasing its leadership in the multitenant communications real estate sector and supporting future growth potential.
- Cautionary Forward-Looking Statements: The company's press release includes forward-looking statements, emphasizing that actual results may differ significantly from expectations due to various factors, thereby alerting investors to potential risks.
See More
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Maturity Extension: American Tower Corporation has extended the maturity of a $6 billion facility to May 2029, with additional amounts maturing in May 2031 and May 2029.
Financial Breakdown: The facility includes $4 billion maturing in May 2031 and $1 billion maturing in May 2029, as part of a SEC filing.
See More
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- Importance of Channel Strategy: CoreSite views partners as a critical extension of its organization, leveraging a comprehensive partner ecosystem to drive successful business outcomes and ensure customer support in the evolving digital and AI-driven landscape.
- Advantages of Partner Program: CoreSite's partner program simplifies engagement, allowing partners to easily register deals and benefit from a competitive commission structure, thereby fostering close collaboration with CoreSite's team.
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