Welcome to our dedicated page for American Tower news (Ticker: AMT), a resource for investors and traders seeking the latest updates and insights on American Tower stock.
American Tower Corporation (NYSE: AMT) is one of the largest global REITs and an independent owner, operator and developer of multitenant communications real estate. News about AMT often highlights developments across its extensive portfolio of communications sites and its U.S. data center footprint operated through CoreSite, an American Tower company.
Investors following AMT news can expect regular updates on quarterly financial results, capital allocation decisions and financing activities. Recent press releases have covered third quarter financial performance, including growth in total revenue, property revenue, Adjusted EBITDA and AFFO, as well as commentary on how the company’s digital infrastructure portfolio benefits from rapid growth in global data demand and robust leasing activity across U.S. and international towers.
American Tower news also includes announcements about its data center operations. CoreSite has reported milestones such as the launch of the NY3 data center in the New York metropolitan area, construction progress on the DE3 data center in Denver and AI-optimized deployments at its CH2 facility in Chicago. These updates illustrate how American Tower’s data center segment supports AI, high-density and hybrid-cloud workloads through interconnected campuses and cloud connectivity.
Corporate governance and strategic relationship news is another focus. The company has announced new Board appointments, such as the election of Gene Reilly, and disclosed executive transitions. It has also reported on legal and customer matters, including an agreement with AT&T Mexico regarding previously withheld tower rents. In addition, American Tower regularly communicates its participation in investor conferences and earnings calls.
For investors and analysts, the AMT news stream provides insight into operating trends across communications sites and data centers, capital markets activity, dividend declarations and the company’s approach to managing its global digital infrastructure platform.
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American Tower Corporation (NYSE: AMT) reported its Q1 2023 financial results, showing total revenue of $2,767 million, a 4.0% increase year-over-year. Property revenue also rose by 4.4% to $2,715 million. However, net income fell sharply by 55.2% to $315 million. Adjusted EBITDA saw an 8.6% increase to $1,763 million, while funds from operations (FFO) decreased by 22.7% to $1,083 million. The company declared a quarterly dividend of $1.56 per share, reflecting an 11.4% year-over-year growth. The sale of subsidiary Mexico Fiber resulted in an $80 million loss. The company maintains a strong liquidity position with $7.7 billion available, including $1.8 billion in cash and equivalents.
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