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 reports developments tied to its role as a global REIT that owns, operates and develops multitenant communications real estate. Recurring updates cover property revenue, leasing demand across tower assets, leverage, capital allocation, REIT distributions and presentations to communications, media and technology investors.
Company news also includes CoreSite, American Tower's U.S. data center business, where updates focus on interconnected data center services, the Open Cloud Exchange® platform, Ethernet Virtual Circuits, cloud and peering connectivity, internet exchanges and demand from hybrid-cloud, AI and high-performance computing workloads.
American Tower Corporation (NYSE: AMT) announced that its CEO Tom Bartlett will present virtually at the Goldman Sachs 30th Annual Communacopia Conference on September 22, 2021, at 9:40 a.m. ET. The event will feature a live webcast available on the company's website.
As one of the largest global REITs, American Tower operates a vast portfolio exceeding 214,000 communications sites, reinforcing its leadership in the multitenant communications real estate sector.
American Tower Corporation (NYSE: AMT) has declared a quarterly cash distribution of $1.31 per share, payable on October 15, 2021, to stockholders of record as of September 28, 2021. Additionally, the company announced its plan to redeem all outstanding 4.70% senior unsecured notes due 2022, effective October 18, 2021. This redemption will be funded through borrowings under its credit facilities and cash on hand. American Tower operates over 214,000 communications sites globally.
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American Tower Corporation (NYSE: AMT) announced that Steve Vondran, Executive Vice President, will present at the Cowen 7th Annual Communications Infrastructure Summit on August 10, 2021, at 11:00 a.m. MT in Boulder, Colorado. The event will feature a live audio webcast accessible via the company's website. As a leading independent owner and developer of communications infrastructure, American Tower operates over 214,000 communications sites globally.
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.