American Tower's (AMT) Q4 AFFO Beat Estimates, Revenues Rise Y/Y
AMTAmerican Tower(AMT) Zacks Investment Research·2024-02-29 00:50

American Tower Corporation (AMT) reported fourth-quarter adjusted funds from operations (AFFO) per share, attributable to AMT common stockholders, of 2.29,outpacingtheZacksConsensusEstimateof2.29, outpacing the Zacks Consensus Estimate of 2.18. Total revenues of 2.79billion,beattheZacksConsensusEstimateof2.79 billion, beat the Zacks Consensus Estimate of 2.73 billion. Its AFFO per share reported a 2.1% decrease year over year, while revenues rose 3% from the prior-year quarter. For 2023, the company’s AFFO of $9.87 per share increased 1.1% from a year ago and beat the consensus estimat ...