American Tower Corp Stock Price, News & Analysis

American Tower (NYSE: AMT) has announced the election of Gene Reilly to its Board of Directors. Reilly brings 40 years of experience in real property investment, management, and operations to AMT's board. He most recently served as Vice Chairman of Prologis and held key positions including Chief Investment Officer (2019-2023) and Chief Executive of the Americas (2011-2019).

Prior to Prologis, Reilly was Chief Investment Officer at Cabot Properties and served on various industry boards including FIBRA Prologis and NAIOP. His appointment is expected to contribute to AMT's portfolio optimization and market leadership strategies.

CoreSite (NYSE:AMT) has completed a major infrastructure upgrade at the iconic One Wilshire® building in Los Angeles, which houses its LA1 data center. The building, considered one of the world's most interconnected facilities, processes approximately one-third of all trans-Pacific network traffic and hosts over 300 networks.

The upgrade included installing a new enterprise-class data center generator plant and enhancing electrical systems while maintaining 100% uptime for all clients throughout the project. This improvement supports CoreSite's Los Angeles data center campus, which includes LA1, LA2, and LA3 facilities, serving domestic and international carriers, enterprises, and media companies. Notably, LA3 is certified as part of the NVIDIA DGX-Ready Data Center program for AI and high-density applications.

Calibrant has successfully activated three front-of-the-meter battery storage systems in Westchester County, New York, delivering 13.5 MW / 55.7 MWh of dispatchable capacity to the Con Edison electric grid. The systems generate Value of Distributed Energy Resources (VDER) credits and utilize U.S.-manufactured batteries.

The company has secured 100% off-take agreements with commercial customers, including CoreSite (a data center operator) and a hospital institution. This innovative approach allows large energy users to benefit from New York's VDER program without hosting infrastructure on-site. The projects support New York's goal of deploying 6 GW of energy storage by 2030 and provide 20-year lease payments to site owners.

American Tower (NYSE: AMT), one of the largest global REITs, has announced its participation in two upcoming investor conferences in August 2025. The company will present at the KeyBanc Capital Markets Technology Leadership Forum in Park City, Utah on August 11 at 1:00 p.m. ET, and at the TD Cowen 11th Annual Communications Infrastructure Summit in Boulder, Colorado on August 12 at 1:15 p.m. ET.

American Tower operates a portfolio of nearly 150,000 communications sites and U.S. data center facilities. Investors can access live webcasts and replays of the presentations through the company's investor relations website.

CoreSite (NYSE: AMT) has completed a significant expansion of its Silicon Valley campus with the new SV9 data center, adding over 228,000 square feet of AI-ready infrastructure. The facility, located in Santa Clara, brings CoreSite's Silicon Valley campus footprint to 1.4 million square feet across nine data centers.

The SV9 data center is certified under the NVIDIA DGX-Ready Data Center program and offers direct connections to major cloud providers including AWS, Google Cloud, and Microsoft Azure. This expansion brings CoreSite's total portfolio to 30 data centers spanning approximately 4.5 million square feet across 11 U.S. markets, strengthening its position as a leading interconnection data center platform.

American Tower (NYSE:AMT) reported Q2 2025 financial results showing mixed performance. Total revenue increased 3.2% to $2.627 billion, while property revenue grew 1.2% to $2.527 billion. However, net income decreased significantly by 58.1% to $381 million, primarily due to foreign currency losses.

The company demonstrated operational resilience with Adjusted EBITDA growing 1.8% to $1.752 billion and AFFO attributable to AMT common stockholders, as adjusted, increasing 2.6% to $1.218 billion. U.S. operations showed strength with high Services revenue, while CoreSite achieved double-digit growth driven by AI-ready interconnection solutions.

The company maintained its capital allocation strategy, declaring a quarterly distribution of $1.70 per share, representing a 4.9% year-over-year growth. AMT's net leverage ratio stood at 5.1x with total liquidity of approximately $10.5 billion as of June 30, 2025.

American Tower (NYSE: AMT) has released its 2024 Sustainability Executive Report, highlighting progress across Environmental, Social, and Governance initiatives. Under CEO Steve Vondran's leadership, the company achieved significant milestones including enhanced energy storage capacity of one gigawatt hour across 24,500 sites and reached the halfway mark of its goal to impact two million people through digital initiatives by 2030.

Key achievements include recycling 98% of tower steel waste (9,700 tons) and providing 181,000 hours of employee training (averaging 38 hours per employee). The company has also launched redesigned sustainability webpages to improve stakeholder engagement and transparency.

American Tower (NYSE:AMT), one of the largest global REITs, has scheduled its Q2 2025 earnings release for July 29, 2025, at 7:00 a.m. ET, followed by a conference call at 8:30 a.m. ET. The company, which operates over 149,000 communications sites and U.S. data center facilities, will make the earnings call available via webcast on their investor relations website.

Participants can pre-register for the conference call to receive dial-in information, and a replay will be available shortly after the call concludes.

CoreSite, an American Tower company (NYSE: AMT), has released its 2025 State of the Data Center Report, revealing key trends in data center and cloud computing. The report, based on a survey of 300 IT decision-makers, highlights that 98% of organizations are adopting hybrid IT architectures. A significant finding shows that while direct connectivity through colocation providers is considered crucial, only 19% of providers offer multi-cloud interconnection services. The report identifies AI as a major driver shaping IT infrastructure decisions, with cloud interconnection being the primary reason for hosting AI applications in colocation environments. Physical security remains the top priority for the fourth consecutive year when selecting colocation providers. The research emphasizes a shift from "cloud-only" to "cloud-smart" strategies, as organizations seek to optimize workload performance while managing costs in an uncertain economic climate.