) Overview

U.S. communications tower REIT’s Q2 revenue rose 4.7%, beating analyst expectations
Adjusted EBITDA for Q2 beat consensus, rising 3.2% yr/yr
Company completed divestitures in the Philippines and Bangladesh during Q2 Outlook
American Tower raises full-year 2026 outlook for property revenue to $10.695-$10.845 bln
Company expects full-year 2026 AFFO attributable to AMT common stockholders per Share of $11.00-$11.17
Company sees strong demand for digital infrastructure driven by mobile, cloud, and AI growth Result Drivers
LEASING DEMAND - Co said strong global leasing demand and record leasing at CoreSite data centers drove Q2 results
FOREIGN CURRENCY GAINS - Net income growth was significantly impacted by foreign currency gains versus prior-year losses
STRAIGHT-LINE REVENUE IMPACT - Property revenue growth rate included a negative impact from lower straight-line revenue recognition Company press release: Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $2.75 $2.70

Revenue bln bln (16

Analysts

)

Q2 Net $888 mln

Income

Q2 Beat $1.81 $1.79

Adjusted bln bln (15

EBITDA Analysts

)

Adjusted

FFO Per

Analyst Coverage

The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 21 “strong buy” or “buy”, 4 “hold” and no “sell” or “strong sell”
The average consensus recommendation for the specialized reits peer group is “buy”
Wall Street’s median 12-month price target for American Tower Corp is $206.50, about 23.8% above its July 27 closing price of $166.74
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 26 three months ago Reuters Recommended Reads
July 27 - Canada’s Celestica Q2 results beat estimates on strong data center, cloud demand
July 27 - Applied Digital beats quarterly revenue estimates on surging AI infrastructure demand
July 28 - Meta, BlackRock partner on $14 billion El Paso data center For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)