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 (AMT) reported Q2 2021 financial results, showcasing strong performance with total revenue reaching $2.3 billion, a 20.2% increase year-over-year. The company achieved a net income of $748 million, up 66.8%, with AFFO per share growing by 16.9% to $2.42. Key highlights include a significant acquisition of nearly 27,000 sites from Telxius, bolstering AMT's market presence. The dividend was raised by 15% per share. The net leverage ratio stood at 5.7x, reflecting strategic leverage management amidst robust capital investment driven by 5G advancements.
American Tower Corporation (AMT) will release its second quarter 2021 results on July 29, 2021, at 7:00 a.m. ET. A conference call is scheduled for the same day at 8:30 a.m. ET to discuss the results. Investors can dial in at (877) 692-8955 for US/Canada or (234) 720-6979 internationally using access code 3233043. An audio replay will be available from July 29, 11:30 a.m. ET to August 12, 11:59 p.m. ET. For more information, visit American Tower's investor page.
American Tower Corporation (NYSE: AMT) has announced a strategic partnership with Allianz, as Allianz Capital Partners acquires a 10% stake in ATC Europe, valued at over €530 million. This transaction reinforces ATC Europe's enterprise value at over €8.8 billion. American Tower will maintain operational control, while Allianz gains governance rights on the Board of Directors. The partnership aims to enhance mobile broadband access in key European markets, with both companies optimistic about generating sustainable growth and returns.
American Tower Corporation (NYSE: AMT) announced that Rod Smith, Executive Vice President and CFO, will present at the Credit Suisse 23rd Annual Communications Conference on June 14, 2021, at 10:25 a.m. ET. A live audio webcast link for the presentation will be available on the company's website. As a major player in the global REIT sector, American Tower operates a portfolio of approximately 214,000 communications sites, making it a key independent owner and developer of multitenant communications real estate.
American Tower Corporation (NYSE: AMT) will have its President and CEO, Tom Bartlett, present at Nareit’s REITweek: 2021 Virtual Investor Conference on June 9, 2021, at 10:15 a.m. ET. The presentation will be accessible via a live audio webcast on the company's official website. American Tower is a major global REIT, owning and operating around 214,000 communications sites, establishing itself as a leader in multitenant communications real estate.
American Tower Corporation (NYSE: AMT) has successfully completed the acquisition of over 7,000 communications sites in Brazil, Peru, Chile, and Argentina from Telxius Towers for approximately €0.9 billion ($1.1 billion). Funded through cash reserves and credit facilities, this acquisition is expected to generate around $70 million in property revenue and $40 million in gross margin for the remainder of 2021. The deal enhances American Tower's position in Latin America, leveraging partnerships with Telefónica to facilitate growth in mobile broadband connectivity.
American Tower Corporation (NYSE: AMT) has completed the first tranche of its Telxius Towers acquisition for approximately €6.2 billion ($7.6 billion). This includes nearly 20,000 communications sites located in Germany and Spain. The funding was secured through cash and credit facilities. Approximately 4,000 additional rooftop sites are anticipated to close in Q3 2021. The acquisition is projected to generate around $280 million in property revenue and $145 million in gross margin for the remainder of 2021, enhancing American Tower's position in the rapidly growing 5G market.
Summary not available.
American Tower Corporation (NYSE:AMT) announced that Rod Smith, its CFO, will present at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, at 10:15 a.m. ET. A live audio webcast will be accessible on the company's website. American Tower is a leading independent owner and operator of approximately 187,000 communications sites worldwide. This event highlights the company's influence in the real estate investment trust sector and its commitment to engaging with investors through significant conferences.
Summary not available.
FAQ
What is the current stock price of American Tower (AMT)?
What is the market cap of American Tower (AMT)?
