Maybe “hate” is too strong a word, but we certainly would never invest our money into them or recommend othersWe love real estate investment trusts (“REITs”), but we hate REIT ETFs ( VNQ ) and mutual funds.If you want full access to our Portfolio and all our current Top Picks, feel free to join us at High Yield Landlord for a 2-week free trial.We are the largest and best-rated real estate investor community on Seeking Alpha with 2,000+ members on board and a 4.9 /5 rating from 500+ reviews:You won't be char ...

LEXINGTON, Mass. and AMSTERDAM, Nov. 21, 2024 (GLOBE NEWSWIRE) -- uniQure N.V. (NASDAQ: QURE), a leading gene therapy company advancing transformative therapies for patients with severe medical needs, today announced that the first patient has been dosed in the GenTLE Phase I/IIa clinical trial of AMT-260 for the treatment of refractory mesial temporal lobe epilepsy (MTLE). “The dosing of the first patient in our Phase I/II trial in temporal lobe epilepsy represents an important milestone for uniQure and ou ...

Founder of Dividend Mantra. Founder of Mr. Free At 33. Co-Founder of Dividends & Income. I started blogging about my journey to financial independence back in 2011. By living well below my means and intelligently investing my hard-earned capital, I went from below broke at age 27 to financially free at 33 years old. I regularly create content on dividend growth investing, living off of dividends, undervalued high-quality dividend growth stocks, high-yield situations, and other long-term investment opportuni ...

American Tower's growth headwinds should fade next year.American Tower (AMT 0.03%) has encountered a few speedbumps over the past year, which has slowed its growth. As a result, the infrastructure-focused real estate investment trust (REIT) hasn't been able to increase its dividend. That's a notable departure for a company that had delivered more than 20% annual dividend growth since 2013. The infrastructure REIT's headwinds are masking the unabated demand it's seeing for communications and data infrastruct ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One): ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended September 30, 2024. ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Commission File Number: 001-14195 | --- | --- | --- | |----------------------------------------------------------------------------|---------------------------------------------------- ...

American Tower Corporation’s (AMT) shares have declined nearly 4% in today’s trading session on a lower 2024 outlook.Its third-quarter 2024 adjusted funds from operations (AFFO) per share, attributable to AMT common stockholders, of $2.64 beat the Zacks Consensus Estimate of $2.54 and climbed 2.3% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect a year-over-year rise in revenues, aided by revenue growth across its service operations segment. American To ...

财务数据和关键指标变化 - 第三季度调整后的AFFO（可归属于AMT普通股股东的调整后资金流）同比增长2.6%，主要得益于现金调整后的EBITDA增长的高转换率 [32][34] - 第三季度调整后的EBITDA同比下降约1%，但在不计入非现金直线收入的情况下增长超过2% [31][34] - Consolidated property revenue（合并物业收入）同比下降约1%，但在不计入非现金直线收入的情况下增长近1% [29][34] 各条业务线数据和关键指标变化 - 美国数据中心业务的年收入增长超过10%，并且预计2024年将再次创下新高 [26][16] - 欧洲业务的有机租户账单增长在过去三年中平均超过7%，预计未来将保持中位数增长 [14][12] - 国际业务的有机租户账单增长为5.7%，较之前预期提高了100个基点 [30][34] 各个市场数据和关键指标变化 - 欧洲市场的移动数据消费预计在未来五年内将以约20%的复合年增长率增长 [12] - 拉丁美洲的WOM公司因破产重组而导致的收入储备为1300万美元，影响了整体收入 [28][34] - 美国市场的租户账单增长为5%，预计在第四季度将因Sprint的最后一轮客户流失而下降至4% [30][44] 公司战略和发展方向和行业竞争 - 公司专注于在发达市场进行资本配置，并通过关闭印度业务来优化资产组合 [7][24] - 公司计划在未来几年内将更多资本分配给CoreSite，以满足不断增长的混合云和AI相关需求 [19][20] - 在欧洲市场，公司对收购机会持开放态度，但强调必须符合长期股东价值增长的投资标准 [63] 管理层对经营环境和未来前景的评论 - 管理层对5G投资周期的密集化阶段持乐观态度，认为美国市场的需求将持续强劲 [6][44] - 对于未来的增长，管理层预计2025年将实现中位数的有机增长，尽管面临一些客户流失的挑战 [44][48] - 管理层对AI相关需求的增长表示信心，认为这将推动数据中心业务的持续增长 [17][19] 其他重要信息 - 公司在第三季度的SG&A（销售、一般和行政费用）同比下降近2%，支持了现金调整后的EBITDA利润率的扩张 [27][34] - S&P在本季度将公司的信用评级从BBB-上调至BBB，反映出公司在财务和运营策略上的积极进展 [27][34] 问答环节所有提问和回答 问题: 关于2025年北美的新租赁活动的预期 - 管理层表示，尽管2025年的具体指导仍然过早，但预计美国市场的租赁活动将在中位数4%的范围内增长 [44][44] 问题: 关于调整后的AFFO的变化 - 管理层解释了从$10.60到$10.48再到$9.95的变化，主要是由于印度业务的剔除和利息节省的影响 [46][48] 问题: 关于CoreSite业务的租赁情况 - 管理层未披露具体的租赁数字，但表示CoreSite的租赁活动显著高于收购前的水平，预计未来几年将实现双位数增长 [53][54]

业绩总结 - 2024年第三季度总物业收入为24.70亿美元，同比下降1.0%，外汇中性增长为1.9%[3] - 2024年第三季度调整后EBITDA为16.87亿美元，同比下降0.9%，外汇中性增长为1.9%[7] - 2024年第三季度归属于AMT普通股股东的AFFO为12.37亿美元，同比增长2.6%，外汇中性增长为5.9%[8] - 2024年第三季度每股AFFO为2.64美元，同比增长2.3%[8] - 2023年第三季度净收入为1,367百万美元，同比下降48%[50] - 2023年第三季度调整后的EBITDA为1,702百万美元，较2022年第三季度的1,578百万美元增长8%[51] - 2023年第三季度总收入为2,521百万美元，较2022年第三季度的2,522百万美元基本持平[50] 未来展望 - 2024年财年物业收入展望上调1500万美元，预计同比增长约1%[10] - 2024年调整后EBITDA展望上调500万美元，预计同比增长约2%[13] - 2024年归属于AMT普通股股东的AFFO每股展望上调0.05美元，预计同比增长约7%[16] - 2024年预计净收入在1,992百万至2,072百万美元之间[52] - 2024年预计调整后的EBITDA在6,770百万至6,850百万美元之间[52] - 2024年净收入预计为32.25亿美元至33.15亿美元[54] - 2024年调整后的EBITDA预计为72.50亿美元至73.60亿美元[54] - 2024年AFFO归属于AMT普通股东预计为49.05亿美元至50.15亿美元[54] - 2024年AFFO归属于AMT普通股东每股预计为10.48美元至10.72美元[54] 财务状况 - 截至2024年9月30日，流动性为109亿美元[20] - 截至2024年9月30日，净杠杆率为5.2倍[19] - 截至2024年9月30日，固定/浮动利率债务比例为94%/6%[21] - 标准普尔信用评级升级至BBB，得益于资产负债表的强劲和收益质量的提升[24] 成本与支出 - 2023年第三季度的利息支出为357百万美元[50] - 2023年第三季度的折旧、摊销和增值费用为723百万美元[50] - 2023年第三季度的股票基础补偿费用为39百万美元[50] - 2023年第三季度的其他运营费用为27百万美元[50] - 2023年第三季度现金SG&A为1.79亿美元，较2022年第三季度下降1.9%[55] - 2023年第三季度现金调整后EBITDA为16.35亿美元，较2022年第三季度增长2.2%[55] 市场动态与策略 - 美国塔楼需求持续加速，国际租赁表现韧性[24] - 核心业务销售有望再创纪录[24] - 2024年总物业收入预计为99.35亿美元，增长率为0.7%[57] - 2024年国际物业收入预计为37.60亿美元，下降1.5%[57] - 2024年AFFO归属于AMT普通股东预计为49.30亿美元，增长6.9%[57] - 2024年AFFO归属于AMT普通股东每股预计为10.53美元，增长6.7%[57] - 强调了长期5G投资周期的前景，通过客户对话得到强化[24] - 通过高效的收益回流完成印度交易，减少了总债务[24] - 2021多币种信贷设施的现有债务偿还使用了约20亿美元的ATC TIPL交易收益[58]

American Tower (AMT) reported $2.52 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 10.5%. EPS of $2.64 for the same period compares to $1.26 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.76 billion, representing a surprise of -8.78%. The company delivered an EPS surprise of +3.94%, with the consensus EPS estimate being $2.54. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

American Tower (AMT) came out with quarterly funds from operations (FFO) of $2.64 per share, beating the Zacks Consensus Estimate of $2.54 per share. This compares to FFO of $2.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 3.94%. A quarter ago, it was expected that this wireless communications infrastructure company would post FFO of $2.53 per share when it actually produced FFO of $2.79, delivering a surprise of 10.28%.Over t ...