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American Tower(AMT) - 2024 Q3 - Quarterly Results
2024-10-29 19:05
Exhibit 99.1 https://files.reportify.cc/m Contact: Adam Smith Senior Vice President, Investor Relations and FP&A Telephone: (617) 375-7500 AMERICAN TOWER CORPORATION REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS On September 12, 2024, American Tower Corporation (the "Company" or "American Tower") completed the sale of 100% of the equity interests in its operations in India ("ATC TIPL" or "ATC India") to Data Infrastructure Trust, an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asse ...
American Tower Gears Up for Q3 Earnings: What You Can Expect
ZACKS· 2024-10-29 02:25
American Tower Corporation (AMT) is scheduled to release third-quarter 2024 results on Oct. 29, before the opening bell. The quarterly results are expected to reflect a year-over-year decline in revenues and funds from operations (FFO) per share. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last quarter, American Tower reported an adjusted FFO per share of $2.79, which beat the consensus mark by 10.3%. The quarterly results reflected better-than-anticipated revenues, aide ...
American Tower: Minimal Dividend Growth Through 2025 - Wait For The Pullback
Seeking Alpha· 2024-10-24 22:33
I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...
Exploring Analyst Estimates for American Tower (AMT) Q3 Earnings, Beyond Revenue and EPS
ZACKS· 2024-10-24 22:21
In its upcoming report, American Tower (AMT) is predicted by Wall Street analysts to post quarterly earnings of $2.54 per share, reflecting a decline of 1.6% compared to the same period last year. Revenues are forecasted to be $2.76 billion, representing a year-over-year decrease of 1.9%.The consensus EPS estimate for the quarter has been revised 1.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates duri ...
These Magnificent Dividend Stocks Have Made Investors a Lot Richer Over the Past 20 Years
The Motley Fool· 2024-10-23 16:17
These five REITs ranked as the top performers over the past two decades.Real estate investment trusts (REITs) can be very enriching investments, especially over the long term. REITs have historically outperformed stocks over periods of more than 20 years. A big driver of those above-average returns is their growing dividends. Several REITs stand out for enriching returns over the past two decades: To look at those returns through a different lens, these REITs have grown a $10,000 investment made 20 years a ...
American Tower's Multiyear Underperformance Will Continue
Seeking Alpha· 2024-10-22 00:11
American Tower (NYSE: AMT ) is a $100 billion real estate investment trust that owns wireless and broadcast communication infrastructure. We recommended against investing in the company when we last discussed it almost 3 years ago , and since then, it hasThe Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes extensive readings of 10Ks, analyst commentary, market reports, and investor presentations. He invests real ...
American Tower Stock Gains 28.7% in 6 Months: Will the Trend Last?
ZACKS· 2024-10-16 04:10
Shares of American Tower (AMT)  have rallied 28.7% over the past six months, outperforming the industry's 21.7% growth.In September, AMT concluded the sale of all equity interests in American Tower Company (“ATC”) India to Data Infrastructure Trust (“DIT”) sponsored by an affiliate of Brookfield Asset Management. It is expected that the sale proceeds will be utilized toward the repayment of American Tower's existing indebtedness, including the repayment of the existing term loan in India at the time of clos ...
uniQure Announces Dosing of First Patient in Phase I/II Clinical Trial of AMT-162 for the Treatment SOD1-ALS
GlobeNewswire News Room· 2024-10-15 19:05
LEXINGTON, Mass. and AMSTERDAM, Oct. 15, 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 Phase I/II clinical trial of AMT-162 for the treatment of amyotrophic lateral sclerosis (ALS) caused by mutations in superoxide dismutase 1 (SOD1), a rare, inherited and progressive motor neuron disease. EPISOD1 is a Phase I/II multi-center, open-lab ...
REITs on the Rise After Rate Cuts: Where to Invest Now
MarketBeat· 2024-09-27 19:45
The Federal Reserve's rate cuts should benefit the real estate market. Lower interest rates mean lower mortgage costs for buyers and an added incentive to sell for homeowners not eager to trade in a low-rate mortgage for a higher one. Plus, lower rates could reduce borrowing costs for homebuilders, allowing them easier access to funding for development projects that could provide a much-needed inventory boost.For many investors, particularly those not looking to buy property at this time, one of the best wa ...
Here's Why You Should Keep American Tower in Your Portfolio
ZACKS· 2024-09-25 01:31
American Tower Corporation’s (AMT) extensive and geographically diversified communication real estate portfolio positions it well to ride the growth curve amid rising capital spending by wireless carriers on the incremental demand from global 4G and 5G deployment efforts.Its expansionary efforts and disciplined capital-allocation strategy augur well for long-term growth. However, customer concentration poses a key concern for the company.What’s Aiding AMT Stock?With the advancement in mobile technology, suc ...