American Tower Corp Stock Price, News & Analysis

CoreSite, an American Tower company, has launched the Data Center Knowledge Base, a digital platform designed to educate the public about data centers' role in modern life. The initiative aims to explain how data centers serve as critical infrastructure for processing and storing data generated through everyday activities like smartphone use, streaming, and email.

Led by President and CEO Juan Font, the platform offers comprehensive resources including videos, infographics, and articles covering key areas:

• General data center operations and functionality
• Tech innovation and AI applications
• Economic impact and job creation
• Energy efficiency measures
• Community support and education initiatives

The platform reflects CoreSite's 20+ years of experience in providing interconnected data center solutions, highlighting their role in supporting critical business operations and AI workloads that impact daily life.

American Tower reported mixed Q1 2025 financial results, with total revenue increasing 2.0% to $2,563 million and property revenue up 0.2% to $2,488 million. However, net income decreased significantly by 45.9% to $499 million, primarily due to foreign currency fluctuations.

Key highlights include:

• Organic Tenant Billings grew 4.7%
• Adjusted EBITDA increased 1.9% to $1,744 million
• Property Gross Margin reached 75.9%
• Free Cash Flow improved 8.3% to $955 million

During Q1, the company acquired 242 communication sites and completed the sale of its South Africa Fiber assets for approximately $137.7 million. The company maintained strong liquidity of $11.7 billion and declared a quarterly dividend of $1.70 per share, representing 4.9% year-over-year growth. The company's Net Leverage Ratio stood at 5.0x, demonstrating stable financial management despite macroeconomic uncertainties.

CoreSite, an American Tower company (NYSE: AMT), has announced the acquisition of the Denver Gas and Electric Building, the primary interconnection point in the Rocky Mountain region. The acquisition of this network-dense carrier hotel will enable CoreSite to add approximately 3 critical megawatts (CMW) of data center capacity, nearly doubling DE1's space and power footprint.

The transaction will facilitate easier access to the Google Cloud Platform dedicated interconnects onramp and expand network access for CoreSite's Any2Denver Exchange. The company will gain about 100 interconnection-rich building customers and plans additional investments to enhance operational efficiency.

CoreSite's Denver campus currently includes DE1 and DE2, with the upcoming DE3 enterprise-grade data center under construction at 4900 N. Race Street. Once completed, DE3 will offer 97,000 square feet and 18 CMW of capacity.

American Tower (NYSE: AMT) has scheduled its first quarter 2025 earnings release for April 29, 2025. The company will release its financial results at 7:00 a.m. ET, followed by a conference call at 8:30 a.m. ET to discuss the quarterly performance.

Participants can pre-register for the conference call to receive dial-in information, and a live webcast will be available through the company's Investor Relations portal. The call recording will be accessible shortly after its conclusion at americantower.com/investor-relations/webcasts/.

American Tower operates as one of the largest global REITs, managing approximately 149,000 communications sites and a network of U.S. data center facilities.

American Tower (NYSE: AMT) has announced the pricing of its registered public offering of senior unsecured notes. The offering consists of:

• $650.0 million notes due 2030 with 4.900% interest rate, priced at 99.846% of face value
• $350.0 million notes due 2035 with 5.350% interest rate, priced at 99.724% of face value

The net proceeds, estimated at $988.9 million after deducting underwriting discounts and expenses, will be used to repay 2.400% senior unsecured notes due 2025, existing debt under their $6.0 billion senior unsecured multicurrency revolving credit facility, and for general corporate purposes. The offering is managed by J.P. Morgan Securities, BBVA Securities, BofA Securities, Citigroup Global Markets, and Morgan Stanley as Joint Book-Running Managers.

American Tower (NYSE: AMT) has announced its latest quarterly dividend distribution. The company's Board of Directors has declared a quarterly cash distribution of $1.70 per share on the Company's common stock. This distribution will be payable on April 28, 2025, to stockholders who are on record at the close of business on April 11, 2025.

American Tower (NYSE: AMT) has announced its scheduled presentation at the Deutsche Bank 33rd Annual Media, Internet and Telecom Conference. The presentation will take place on Monday, March 10, 2025 at 1:50 p.m. ET in Palm Beach, Florida.

Investors and interested parties can access both a live webcast and replay of the presentation through the Investor Relations section of American Tower's website. The company, positioned as one of the largest global REITs, currently manages a substantial portfolio of nearly 149,000 communications sites and maintains an interconnected network of U.S. data center facilities.

American Tower (NYSE: AMT) reported solid financial results for Q4 and full year 2024, with AFFO per Share growth meeting long-term targets. CEO Steven Vondran highlighted accelerating activity throughout the year, driven by mid-band deployments in the U.S. and Europe, 4G densification and early 5G upgrades in emerging markets, and strong leasing performance at CoreSite.

The company completed previously announced sales of its subsidiaries in Australia and New Zealand for approximately $77.6 million. Additionally, AMT received government approval to sell a South African subsidiary holding fiber assets for approximately $132.7 million, expected to close in Q1 2025.

As of December 31, 2024, AMT maintained a strong financial position with approximately $12.0 billion in total liquidity and a Net Leverage Ratio of 5.1x. In November 2024, the company issued $1.2 billion in senior unsecured notes to repay existing debt. AMT also provided its full year 2025 outlook, noting estimated negative impacts from foreign currency exchange rate fluctuations.

American Tower (NYSE: AMT) has announced the election of Rajesh Kalathur to its Board of Directors. Kalathur currently serves as President of John Deere Financial and Chief Information Officer of Deere & Company. In his role as CIO, he has led the implementation of IT agile operating model and digital transformation initiatives focusing on AI and automation technologies.

With over 27 years of experience across finance, information technology, operations, and sales and marketing functions, Kalathur previously served as Chief Financial Officer of Deere & Company. AMT's CEO Steve Vondran expressed confidence that Kalathur's extensive global financial, technical, and operating experience will provide critical perspective for optimizing and growing AMT's global business.