American Tower Corp Stock Price, News & Analysis

CoreSite, a subsidiary of American Tower (NYSE: AMT), announced an expansion of its product capabilities through the integration of MOD Mission Critical into its Open Cloud Exchange (OCX). This enhancement aims to better address multicloud and hybrid-cloud demands by offering customers a comprehensive suite of connectivity solutions. The PaaSPort™ platform facilitates simplified service delivery and access to a broad network of service providers, promising improved performance and reduced Total Cost of Ownership (TCO) for enterprises.

Furthermore, the collaboration strengthens MOD's market strategy, enabling them to meet the evolving needs of businesses globally.

American Tower Corporation (NYSE: AMT) has announced its participation in several upcoming investor conferences. On February 28, 2023 at 11:20 a.m. ET, CFO Rod Smith will speak at the Deutsche Bank 31st Annual Media, Internet and Telecom Conference in Palm Beach, Florida. Following this, on March 7, 2023, Adam Smith, SVP of Investor Relations, will present at the Raymond James 44th Annual Institutional Investors Conference in Orlando at 9:50 a.m. ET and CEO Tom Bartlett will address the Citi's 2023 Global Property CEO Conference in Hollywood at 3:00 p.m. ET. Live webcasts will be available on American Tower's Investor Relations website.

American Tower Corporation (NYSE: AMT) reported its financial results for Q4 and FY 2022, revealing a total revenue rise of 10.6% to $2,705 million for Q4 and 14.5% to $10,711 million for the full year. Property revenue increased 11.2% and 14.9%, respectively. However, net income plummeted 262.4% to a net loss of $(717) million for Q4 and declined 33.9% to $1,697 million for the full year. Adjusted EBITDA grew by 12.6% to $1,707 million in Q4 and 11.1% to $6,644 million for the year. The company anticipates continued market growth driven by carrier network investments, particularly in the U.S. and Canada.

American Tower Corporation (NYSE: AMT) will announce its fourth quarter and full year 2022 results on February 23, 2023, at 7:00 a.m. ET. A conference call to discuss these results is set for the same day at 8:30 a.m. ET. Investors can participate via a dedicated phone line or through a live simulcast available on the company’s investor relations website. The call will be available for replay from February 23, 2023, at 11:30 a.m. ET until March 9, 2023. American Tower is a major REIT with a vast portfolio of approximately 223,000 communications sites and U.S. data centers.

American Tower Corporation (NYSE: AMT) has provided year-end tax reporting information for its 2022 distributions, prompting stockholders to consult personal tax advisors regarding specific tax treatment. For the tax year ending December 31, 2022, there were no capital gains or non-dividend distributions. Key distribution details include payments of $1.40 per share for the distribution dates April 13, 2022 (record) and April 29, 2022 (payment), along with other payments in 2022. The quarterly distribution declared on December 8, 2022, payable on February 2, 2023, will be reported in the 2023 tax year.

CoreSite, a subsidiary of American Tower (NYSE: AMT), will participate in the Pacific Telecommunications Conference 2023 from January 15-18 at the Hilton Hawaiian Village in Honolulu, Hawaii. Key topics include the future of edge technology and sustainability in data centers.

Eric Watko will discuss the Future of Edge on January 17, while Jake Rasweiler will tackle data center energy use on January 18. Both sessions aim to address industry trends and sustainable practices.

American Tower Corporation (NYSE: AMT) announced that CEO Tom Bartlett will present at Citi’s 2023 Communications, Media & Entertainment Conference in Scottsdale, Arizona, on Wednesday, January 4, 2023, at 9:30 a.m. MT (11:30 a.m. ET). The event will be accessible via a live webcast on the company's website. American Tower is a leading global REIT with approximately 223,000 communications sites and a strong U.S. data center presence. For more information, visit www.americantower.com.

CoreSite, a subsidiary of American Tower (NYSE: AMT), has launched connectivity services to Oracle Cloud Infrastructure (OCI) via FastConnect at its Chicago data center. This offering enables low-latency, high-bandwidth integration, supporting up to 10 Gbps for data-intensive applications. The solution is designed for industries like financial services and e-commerce, allowing customers to bypass public internet for more secure connections. Oracle emphasizes the importance of reliable connectivity for high-performance workloads, promising improved data handling and security.