财务业绩 - 总收入增长4.6%至29亿美元[2] - 物业收入增长4.6%至28.53亿美元[2] - 净收入增长96.8%至9.08亿美元[2] - 调整后EBITDA增长8.1%至18.9亿美元[2] - 归属于AMT普通股东的净收入增长89.3%至9亿美元[2] - 归属于AMT普通股东的AFFO增长13.5%至13.06亿美元[2] - 公司宣布每股1.62美元的普通股现金分红[9][10] - 公司完成了对印度客户VIL可转换债券的转股和出售,获得约2.38亿美元净收益[11] - 公司提高了2024年全年财务指标的中值预测[15][17] 2024年财务预测 - 公司2024年全年物业收入预计为111亿至112.8亿美元,同比增长1.7%[17] - 2024年总租户账单增长包括以下组成部分：美国和加拿大物业有机租户账单增长约4.7%、新增站点租户账单增长约0%，国际物业有机租户账单增长约5%、新增站点租户账单增长约2%[22] - 2024年资本支出预计包括：自主资本项目800-830百万美元、地租购买125-145百万美元、启动资本项目65-85百万美元、改建415-445百万美元、资本改善185-195百万美元、公司10百万美元[24] - 2024年调整后EBITDA预计为72.50-73.60亿美元[26] - 2024年AFFO归属于AMT普通股东预计为49.05-50.15亿美元，每股AFFO为10.48-10.72美元[28] 财务指标分析 - 公司国际业务存在大量的电力和燃料费用报销的通过收入,这部分收入会受到燃料价格波动的影响[33] - 公司采用直线法确认部分租赁收入,这会导致收入增长率出现波动[33] - 公司从租户收取的一次性预付款会被摊销计入收入,这部分收入不能完全反映公司的基础租赁业务[33] - 公司国际业务收入和成本主要以当地货币计价,汇率波动会影响业务表现[33] 资产负债表 - 公司第二季度现金及现金等价物为24.92亿美元,较上年同期增加[38] - 公司第二季度物业及设备净值为199.28亿美元,较上年同期增加[38] - 公司第二季度商誉为124.83亿美元,较上年同期减少[38] - 公司第二季度其他无形资产净值为157.59亿美元,较上年同期减少[38] - 公司第二季度长期债务为356.39亿美元,较上年同期增加[38] - 公司第二季度权益总额为104.24亿美元,较上年同期减少[38] - 公司第二季度经营租赁负债为77.18亿美元,较上年同期增加[38] - 公司第二季度资产报废义务为25.62亿美元,较上年同期增加[38] - 公司第二季度递延税负债为13.99亿美元,较上年同期增加[38] - 公司第二季度其他非流动负债为12.07亿美元,较上年同期减少[38] 分部业务表现 - 总营收为29亿美元,同比增长4.6%[39] - 国际业务营收为13.07亿美元,同比增长12.6%[44] - 数据中心业务营收为2.31亿美元,同比增长4.6%[44] - 总体毛利率为71.7%[44] - 美国和加拿大地区营收为13.15亿美元,同比增长0.9%[44] - 拉丁美洲地区营收为4.49亿美元,同比增长2.1%[44] - 亚太地区营收为3.61亿美元,同比增长37.9%[44] - 非洲地区营收为2.94亿美元,同比下降8.5%[44] - 欧洲地区营收为2.03亿美元,同比增长2.5%[44] - 总租赁费收入同比增长6.1%[45] - 美国和加拿大地区收入为13.03亿美元,同比增长5.4%[51] - 拉丁美洲地区收入为4.39亿美元,同比增长3.3%[51] - 数据中心业务收入为2.05亿美元[51] - 新增租赁收入为1.6亿美元,同比增长7.2%[52] - 有机租赁收入增长5.1%[52] - 国际业务收入占总收入的44.3%[51] - 国际业务中亚太地区收入为2.62亿美元,同比下降12.2%[51] - 国际业务中欧洲地区收入为3.21亿美元,同比增长12.5%[51] 其他财务指标 - 公司净收入为9.084亿美元,同比增长97.2%[58] - 归属于普通股东的Nareit FFO为13.501亿美元,同比增长19.3%[58] - 归属于普通股东的AFFO为13.058亿美元,同比增长13.5%[58] - 归属于普通股东的AFFO每股为2.79美元,同比增长13.4%[58] - 直线法调整的收入为-7,370万美元,直线法调整的费用为1,310万美元[58] - 股票激励费用为4,630万美元[58] - 非房地产相关的折旧、摊销和累计费用为3,980万美元[58] - 外汇损失为2,170万美元[58] - 资本性支出中包括3,410万美元的资本改善支出和320万美元的公司资本支出[58]

American Tower Corporation (AMT) is scheduled to release second-quarter 2024 results on Jul 30 before the opening bell. The quarterly results are expected to reflect year-over-year growth in revenues and funds from operations (FFO) per share.In the last quarter, American Tower reported an adjusted FFO per share of $2.79, which beat the consensus mark by 9.41%. The quarterly results reflected better-than-anticipated revenues, aided by revenue growth across its Property segment. Over the preceding four quarte ...

American Tower Corp. (AMT, Financial) is known as a good stock for long-term holding. Legendary value investor Chuck Akre (Trades, Portfolio)'s firm has owned this stock for more than 15 years in his fund portfolio. Currently, Akre Capital Management holds nearly 6.20 million shares of the company, representing nearly 8.60% of its equity portfolio. But the stock has done badly in the last three years, down 30.40%, making shareholders disappointed. Let's take a closer look to determine whether American Tower ...

American Tower (AMT) closed at $213.12 in the latest trading session, marking a +1.41% move from the prior day. The stock outpaced the S&P 500's daily loss of 1.39%. Elsewhere, the Dow saw an upswing of 0.6%, while the tech-heavy Nasdaq depreciated by 2.77%.The the stock of wireless communications infrastructure company has risen by 9.01% in the past month, leading the Finance sector's loss of 0.08% and the S&P 500's gain of 4.43%.The upcoming earnings release of American Tower will be of great interest to ...

The best way to get rich is not through get-rich quick schemes — slow and steady wins the race. It is not something to achieve in a single quarter or even a year. You create financial freedom that you can pass on to your children and grandchildren over a lifetime. The best generational wealth stocks are those that pay dividends. Income-generating stocks have a long history of outperforming not only non-dividend-paying stocks but other asset classes as well.A Deutsche Bank study showed that over the past 100 ...

文章核心观点 - 美国塔楼公司(AMT)是一家全球领先的独立无线通信基础设施所有者、运营商和开发商,拥有超过22.4万个通信站点 [2][3] - 公司的主要业务是向无线服务提供商出租其多租户塔楼,租约期限通常为5-10年,并有固定的年度涨价条款 [12] - 公司凭借其庞大的资产组合、长期租约和与主要无线运营商的良好关系,拥有强大的经济护城河,能够产生稳定和不断增长的现金流 [8] - 公司受益于无线运营商对网络密集化和升级的投资,以满足客户日益增长的移动数据需求,5G部署和智能手机普及有望持续推动对公司塔楼资产的强劲需求 [7][12] - 公司管理团队具有良好的资本配置记录,通过战略性并购拓展全球足迹,同时通过不断增长的股息和股票回购回报股东 [10] 公司概况 - 公司是全球最大的独立无线通信基础设施所有者和运营商,在25个国家拥有超过22.4万个通信站点 [2][3][11] - 公司的主要资产包括无线通信塔、分布式天线系统和数据中心设施 [2] - 公司几乎99%的收入来自租赁资产给客户,包括无线运营商和其他电信客户 [5] 竞争优势和增长动力 - 公司庞大的资产规模和长期租约为其带来了显著的经济护城河,难以复制 [8][12][14] - 公司在全球范围内为无线运营商提供关键的通信基础设施,有利于抓住移动数据需求持续增长的机遇 [7][12] - 公司近年来积极拓展国际市场和进军相关数字基础设施领域,为公司带来更高增长潜力 [12][13] 财务表现 - 公司收入和EBITDA过去10年复合增长率约为12%,EBITDA利润率维持在60%左右的高水平 [15][16][17] - 公司拥有稳定的现金流,过去10年平均自由现金流转换率约为75%,为投资增长和回报股东提供充足能力 [18] - 作为REIT,公司有义务每年向股东派发至少90%的应税利润作为股息,股息增长率过去10年达到19% [20][21][22] - 公司资产负债表稳健,净负债率维持在5.2倍左右的长期平均水平 [23] 估值 - 基于保守假设,我们认为公司当前股价对应的5年期预期内部收益率约为14% [25][26][27] 风险 - 运营商并购可能导致塔台退租和收入损失,但历史上被剩余运营商的网络投资所抵消 [29] - 新技术如卫星网络和小型基站可能降低对公司塔楼的依赖,但预计塔楼仍将在广覆盖和网络密集化中发挥关键作用 [29] - 作为高负债的REIT,公司面临利率波动风险,但长期固定利率债务和稳定现金流有助于缓解该风险 [29]

Shares of American Tower Corporation (AMT) have gained 9.7% in the past three months compared with the industry’s growth of 2.7%.The company is poised well to ride the growth curve with wireless carriers increasing capital expenditure due to rising wireless penetration, accelerated 5G network deployment efforts and spectrum auctions. The long-term leases with its tenants assure stable cash flows. Moreover, its continued efforts toward macro-tower investments are encouraging. A decent financial position also ...

~ Achieved statistically significant, dose-dependent, and durable evidence of potential therapeutic benefit; Patients receiving high-dose AMT-130 showed 80% slowing of disease progression in the composite Unified Huntington’s Disease Rating Scale (cUHDRS) at 24 months compared to a propensity score-weighted external control ~ ~ Achieved statistically significant lowering of CSF neurofilament light protein (NfL) compared to baseline at 24 months in patients treated with AMT-130; Mean CSF NfL levels for both ...

In the current politically divisive environment, it’s difficult to imagine any bipartisanship materializing. However, such consensus isn’t unheard of. After all, the 2018 farm bill saw both Republicans and Democrats agree on cannabis-related legislation. Indeed, the same level of rapprochement could occur for our nation’s much-needed buildout and repair, thus sparking the case for infrastructure stocks to buy. Per a White House statement, “[t]he World Economic Forum now ranks the United States 13th when it ...

American Tower (AMT) closed the latest trading day at $192.78, indicating a +0.26% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.15%, and the technology-centric Nasdaq increased by 0.03%. The the stock of wireless communications infrastructure company has risen by 0.27% in the past month, leading the Finance sector's loss of 2.3% and undershooting the S&P 500's gain of 3.34%. The investmen ...