- American Tower has raised its full year adjusted EBITDA forecast to a new range of $6.89 billion to $6.96 billion, up from $6.86 billion to $6.93 billion.
- The company anticipates property revenue to range between $9.97 billion and $10.12 billion.
- AFFO per share is now expected to be between $10.35 and $10.54, compared to the previous range of $10.31 to $10.50.
- The AFFO estimate has been adjusted to $4.85 billion to $4.94 billion, previously from $4.83 billion to $4.92 billion.
- In the first quarter, adjusted EBITDA reached $1.74 billion, surpassing the estimated $1.72 billion.
- Revenue for the first quarter was $2.56 billion, slightly higher than the projected $2.54 billion.
- US & Canada revenue matched expectations at $1.30 billion, while international revenue exceeded estimates, reaching $946 million against a forecast of $922.6 million.
- AFFO per share for the first quarter was reported at $2.75.
- The improvement in full-year outlook is primarily due to positive fluctuations in foreign currency exchange rates.
- The company is experiencing favorable leasing and pricing trends at CoreSite, steady international market activity, and effective global cost management.
- American Tower achieved a 6.6% growth in Attributable AFFO per Share, based on adjusted results.
- Mid-single-digit growth in dividend per share has resumed.
- Analyst recommendations include 21 buys, 5 holds, and no sells.
A look at American Tower Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
American Tower Corp., a real estate investment trust specializing in wireless communications and broadcast towers in the US, has been rated using Smartkarma Smart Scores. With a strong momentum score of 5, the company shows promising performance trends. This high score suggests positive market sentiment and potential for continued growth in the future.
Additionally, American Tower scores well on dividend with a score of 4, indicating a reliable payment history. While the value and growth scores are moderate at 2 and 3 respectively, the company demonstrates resilience with a score of 3, reflecting its ability to withstand market fluctuations. Overall, American Tower‘s Smart Scores paint a favorable long-term outlook for investors seeking stability and growth potential.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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