American Tower's (AMT) Q4 AFFO & Revenues Beat Estimates
AMTAmerican Tower(AMT) Zacks Investment Research·2024-02-28 01:06

Shares of American Tower Corporation (AMT) have gained nearly 1.3% in today’s trading session in response to stellar fourth-quarter results. Adjusted funds from operations (AFFO) per share, attributable to AMT common stockholders, of 2.29beattheZacksConsensusEstimateof2.29 beat the Zacks Consensus Estimate of 2.18 but declined 2.1% year over year. Results reflect better-than-anticipated revenues, aided by revenue growth across its Property segment. American Tower recorded healthy year-over-year organic tenant billings growth of 6.1% and to ...