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 that Rod Smith, the Executive Vice President and CFO, will present at the Deutsche Bank 29th Annual Media, Internet, and Telecom Conference on March 8, 2021, at 9:00 a.m. ET. A live audio webcast will be accessible on the company's website. American Tower is a leading global REIT, owning and operating around 186,000 communications sites, specializing in multitenant communications real estate.
American Tower Corporation (NYSE: AMT) reported solid financial results for Q4 and FY 2020, with revenues growing 10.3% and 6.1%, respectively. Key metrics included total revenue of $2,123 million and net income of $362 million, though net income declined by 36.5%. The company maintained a strong balance sheet, increased its dividend by 19.8%, and emphasized a promising outlook bolstered by the upcoming Telxius acquisition, which will enhance its market presence in Europe. Adjusted EBITDA showed strong growth, reflecting operational efficiency during the pandemic.
American Tower Corporation (NYSE: AMT) has announced that Igor Khislavsky, the Vice President of Investor Relations, will present at the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 8:20 a.m. ET. A live audio webcast will be accessible through the Company's website. American Tower is a leading independent REIT specializing in multitenant communications real estate, with a portfolio exceeding 183,000 communications sites.
American Tower Corporation (NYSE: AMT) announced that Rod Smith, Executive Vice President and CFO, will present at the Morgan Stanley Technology, Media & Telecom Conference on March 1, 2021, at 9:30 a.m. ET. The event will feature a live audio webcast accessible through the company's website. As a leading global REIT, American Tower manages over 183,000 communication sites, focusing on multitenant communications real estate. This presentation may provide insights into the company's strategic direction and financial performance.
American Tower Corporation (NYSE: AMT) will release its Q4 2020 and full year results on February 25, 2021, at 7:00 a.m. ET. A conference call to discuss the results is scheduled for 8:30 a.m. ET on the same day. The conference call can be accessed via (877) 692-8955 in the U.S./Canada or (234) 720-6979 internationally, with an access code of 2909496. An audio replay will be available from February 25, 2021, 11:30 a.m. ET to March 11, 2021, 11:59 p.m. ET.
American Tower Corporation (NYSE: AMT) announced year-end tax reporting for its 2020 distributions. Key dates include record dates of 04/14/2020, 06/19/2020, and 09/28/2020, with corresponding payment dates of 04/29/2020, 07/10/2020, and 10/16/2020. Cash distributions per share were $1.08, $1.10, and $1.14. Ordinary taxable dividends matched cash distributions across these dates. The tax year showed no unrecaptured section 1250 gains or non-dividend distributions. The quarterly distribution declared on December 3, 2020, will apply to 2021.
Investors should consult tax advisors for specific treatment.
American Tower Corporation (NYSE: AMT) has appointed Kenneth R. Frank to its Board of Directors. Mr. Frank, currently the CEO of Turning Technologies, brings extensive experience from previous leadership positions at Kibo Software, Aptean Software, and Alcatel-Lucent. His history includes executive roles at AT&T Bell Laboratories and BellSouth Telecommunications. American Tower's President Tom Bartlett expressed confidence that Frank's global business experience will significantly benefit the company's ongoing strategies for growth and expansion in the telecommunications sector.
American Tower Corporation (NYSE: AMT) has entered agreements to acquire Telxius Towers, encompassing around 31,000 communication sites in six countries for €7.7 billion (approximately $9.4 billion). The acquisition aims to enhance American Tower's European presence and complement its Latin American portfolio. The transaction is projected to generate about $775 million in property revenue and $390 million in Adjusted EBITDA in the first full year. The deal is expected to be accretive to Consolidated AFFO per Share and is set to close in tranches starting Q2 2021, pending regulatory approvals.
American Tower Corporation (NYSE: AMT) announced CEO Tom Bartlett will deliver a keynote speech at the Citi 2021 Global TMT West Virtual Conference on January 5, 2021, at 12:00 p.m. ET. The event will be accessible via a live webcast on the company's website. American Tower is recognized as one of the largest global REITs and a leading developer of multitenant communications real estate, operating approximately 183,000 communications sites worldwide. For more details, visit www.americantower.com.
American Tower Corporation (NYSE: AMT) has successfully completed its acquisition of InSite Wireless Group, LLC for approximately $3.5 billion, which includes existing debt repayment. This transaction is expected to enhance American Tower's asset portfolio significantly, yielding about $150 million in property revenue and $115 million in gross margin for 2021. CEO Tom Bartlett highlighted the acquisition's immediate accretive nature, aligning with 5G densification efforts and promising long-term growth opportunities in mobile broadband connectivity.
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