UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One): ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended June 30, 2025. ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Commission File Number: 001-14195 AMERICAN TOWER CORPORATION (Exact name of registrant as specified in its charter) Delaware 65-0723837 (State or other jurisdiction of Incorporation or Orga ...

American Tower Corporation AMT shares are trading lower on Tuesday following the release of its second-quarter results.The company reported second-quarter results, where total revenue increased 3.2% to $2.63 billion. Adjusted EBITDA increased 1.8% to $1.75 billion.According to Goldman Sachs analyst James Schneider, the stock is likely to remain range-bound, as the results and 2025 guidance generally align with Street expectations.Also Read: Cadence Design Systems Delivers Beat-And-Raise Quarter Despite US E ...

Key Takeaways AMT's Q2 AFFO per share hit $2.60, up from $2.54 last year and matched the consensus estimate.Q2 revenues rose 3.2% to $2.63B, led by tenant billings and strong service segment growth.Shares fell 4.09% after AMT reported significant foreign currency losses in the quarter.American Tower Corporation (AMT) reported its second-quarter 2025 adjusted funds from operations (AFFO), attributable to AMT common stockholders per share, of $2.60, meeting the Zacks Consensus Estimate. This compares favorabl ...

American Tower (AMT) Q2 2025 Earnings Call July 29, 2025 08:30 AM ET Company ParticipantsKate Reeb - Senior Director - IRSteven Vondran - President ,CEO & DirectorRod Smith - EVP, CFO and TreasurerRic Prentiss - Managing DirectorNick Del Deo - Managing Director Michael Funk - SVPBenjamin Swinburne - Head of U.S Media ResearchAri Klein - Director - Equity ResearchConference Call ParticipantsMichael Rollins - AnalystJames Schneider - AnalystEric Luebchow - Director - Senior Equity AnalystOperatorLadies and ge ...

American Tower (AMT) Q2 2025 Earnings Call July 29, 2025 08:30 AM ET Speaker0Ladies and gentlemen, thank you for standing by. Welcome to the American Tower Second Quarter twenty twenty five Earnings Conference Call. As a reminder, today's conference call is being recorded. Following the prepared remarks, we will open the call for questions. I would like to turn the call over to your host, Kate Reeb, Senior Director of Investor Relations.Please go ahead.Speaker1Good morning, and thank you for joining America ...

Second Quarter 2025 Earnings Conference Call July 29, 2025 © 2025 ATC TRS V LLC. All rights reserved. | American Tower Confidential and Proprietary Agenda | Introduction | Kate Reeb | | --- | --- | | | Senior Director, Investor Relations | | Opening Remarks | Steven Vondran | | | President and Chief Executive Officer | | Financial Results | Rod Smith | | | Executive Vice President, Chief Financial Officer and Treasurer | Q&A | American Tower Confidential and Proprietary 2 Forward-Looking Statements "Safe Ha ...

Exhibit 99.1 Contact: Kate Reeb Senior Director, Investor Relations Telephone: (617) 375-7565 AMERICAN TOWER CORPORATION REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS CONSOLIDATED HIGHLIGHTS (1)(2) Second Quarter 2025 Boston, Massachusetts – July 29, 2025: American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended June 30, 2025. Steven Vondran, American Tower's Chief Executive Officer, stated, "Demand for our high-quality global portfolio of telecommunications sites contin ...

Wall Street analysts forecast that American Tower (AMT) will report quarterly earnings of $2.60 per share in its upcoming release, pointing to a year-over-year decline of 6.8%. It is anticipated that revenues will amount to $2.59 billion, exhibiting a decrease of 10.9% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial ...

公司业绩预期 - 公司预计在2025年第二季度营收和每股AFFO同比下滑[1] - 上季度每股AFFO为2.75美元，超出市场预期的2.60美元，主要得益于物业和服务业务收入增长[2] - 过去四个季度中，公司三次超出AFFO预期，平均超出幅度达4.9%[2] 业务驱动因素 - 无线运营商因5G网络部署和频谱拍卖增加资本支出，推动对公司通信地产组合的需求[3] - 公司持续进行宏塔投资，且资产负债表稳健[4] - 数据中心业务受益于云计算、物联网和大数据需求增长，预计该板块营收从2.31亿美元增至2.577亿美元[5] 业务挑战 - 美国及加拿大物业板块客户流失率上升可能拖累业绩[6] - 高利息成本对季度表现产生负面影响[6] - 物业板块总营收预计从28.5亿美元降至25亿美元[6] 财务数据预测 - 季度总营收共识预期为25.8亿美元，同比下降11%[7] - 季度每股AFFO共识预期为2.59美元，同比下降7.2%，过去三个月未调整[7] 模型预测 - 定量模型预测公司本季度可能实现AFFO超预期，因具备+1.08%的盈利ESP和Zacks排名第二[8] 行业其他标的 - AvalonBay Communities（AVB）盈利ESP为+0.02%，Zacks排名第二[10] - Cousins Properties（CUZ）盈利ESP为+0.36%，Zacks排名第三[11]

股价表现与行业对比 - 公司股价年初至今上涨19.3%，远超行业5.4%的涨幅[1] - 分析师对Zacks评级为2（买入）的股票持乐观态度，2025年AFFO共识预期微调至10.55美元[1] 5G投资与业务优势 - 无线运营商因5G网络部署和频谱拍卖增加资本支出，公司全球近149,000个通信站点和互联数据中心设施将受益[3] - 公司拥有稳健的全球塔楼资产需求记录，关键财务指标持续增长，预计2025年后仍将保持[4] 商业模式与收入稳定性 - 收入主要来自不可取消的长期（5-10年）塔楼租赁合同，客户通常续约形成长期租赁周期[5] - 网络租赁和管理收入具有显著且可重复性[5] 财务状况与流动性 - 截至2025年3月31日，公司净杠杆率为5.0，总流动性达117亿美元[6] - 债务加权平均剩余期限为5.7年，标普和穆迪分别给予BBB和Baa3投资级评级[6] 股东回报与股息增长 - 过去五年股息年化增长率为8.26%，共提高股息14次[7][8] - 基于强劲运营基本面，未来股息分配可持续[8] 行业竞争与替代标的 - 同行业Zacks评级2的REIT标的包括SBA Communications（2025年FFO预期12.77美元）和Cousins Properties（FFO预期2.80美元）[10][11]