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.
American Tower Corporation (NYSE: AMT) announced its participation in two upcoming investor conferences on August 9, 2022. The events include the KeyBanc Capital Markets Technology Leadership Forum, where Ed Knapp, Senior Vice President and CTO, will host a fireside chat at 10:00 AM MT, and the Cowen 8th Annual Communications Infrastructure Summit, featuring Steve Vondran, Executive VP and President of U.S. Tower, at 11:10 AM MT. Live webcasts will be available on the company’s Investor Relations page.
American Tower Corporation (AMT) reported robust financial results for Q2 2022, with total revenue up 16.3% to $2,674 million and net income rising 19.1% to $891 million. Property revenue increased by 17.1% to $2,615 million, and adjusted EBITDA reached $1,671 million, a 13.2% rise. The company declared a cash distribution of $1.43 per share, reflecting a year-over-year growth of 12.6%. Despite foreign exchange challenges, AMT raised its outlook for Attributable AFFO per Share and executed a strategic partnership with Stonepeak, aiming for sustainable growth and enhanced shareholder value.
CoreSite, a subsidiary of American Tower (NYSE: AMT), announces executive appointments to the Data Center Coalition (DCC). This initiative aims to advocate for the data center industry by improving the business climate and policy support. CoreSite's presence in 10 key U.S. markets reflects its commitment to the sector. Notable appointments include Matt Gleason to the DCC board and other executives in various committees. The DCC's mission focuses on educating officials about the economic benefits of data centers, showcasing CoreSite's leadership in promoting data center interests.
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CoreSite, a subsidiary of American Tower (NYSE: AMT), released its 2022 State of the Data Center Report, showcasing trends in IT infrastructure modernization. Key findings reveal that 84% of CIOs are shifting content delivery applications to colocation facilities, highlighting its advantages in stability and costs. The study indicates a significant shift towards multicloud infrastructures, with 96% of surveyed leaders expecting direct connections to major cloud providers.
CoreSite, a subsidiary of American Tower Corporation (NYSE: AMT), announces its partnership with Bullseye Locations' RevBase, leveraging CoreSite’s secure colocation solution at the Boston data center (BO1). This collaboration facilitates affordable, web-based marketing asset management software for customers, ensuring uptime and security for marketing resources. CoreSite's dedicated team supports Bullseye's IT requirements, enhancing operational efficiency through their software-defined service delivery platform.
American Tower Corporation (NYSE: AMT) and Stonepeak have announced a strategic partnership where Stonepeak will acquire a 29% stake in American Tower's U.S. data center business for $2.5 billion, resulting in an enterprise value of approximately $10.5 billion for the business. American Tower will maintain operational control while Stonepeak gains governance rights. This partnership aims to capitalize on the demand for low-latency IT solutions across 27 data centers in key U.S. markets. The transaction is expected to close in Q3 2022, subject to customary conditions.
American Tower Corporation (NYSE: AMT) will release its second quarter 2022 results at 7:00 a.m. ET on July 28, 2022. A conference call will follow at 8:30 a.m. ET to discuss these financial results. Interested parties can join by dialing (877) 692-8955 for U.S. callers or (234) 720-6979 for international participants, using access code 4520199. A replay of the call will be available from 12:30 p.m. ET on July 28 until August 11, 2022. American Tower operates a vast portfolio of approximately 221,000 communication sites and U.S. data centers.
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Arrcus, a leader in core-to-edge infrastructure, announced that CoreSite has deployed its Connected Edge (ACE) Multi-Cloud Networking (MCN) solution.
This deployment enhances CoreSite’s Open Cloud Exchange® (OCX), automating provisioning functionality within major cloud platforms like AWS and Microsoft Azure. The ACE MCN solution went live in May 2022, expanding to eight markets and improving network performance, security, and economics for users.
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