American Tower (AMT) AFFO of $1.52/Share

American Tower (NYSE: AMT) reported Q4 EPS of $0.47, $0.11 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.54 billion.

Consolidated AFFO per Share rose 19.7% to $1.52. AFFO attributable to AMT common stockholders per Share rose 16.7% to $1.47.

• Total revenue increased 20.3% to $1,540 million
• Property revenue increased 21.6% to $1,521 million
• Net income increased 5.1% to $233 million
• Adjusted EBITDA increased 16.7% to $936 million
• Consolidated AFFO increased 20.9% to $655 million

FULL YEAR 2017 OUTLOOK

The following estimates are based on a number of assumptions that management believes to be reasonable and reflect the Company’s expectations as of February 27, 2017. Actual results may differ materially from these estimates as a result of various factors, and the Company refers you to the cautionary language regarding “forward-looking” statements included in this press release when considering this information.

The Company’s outlook includes the impact of its recently closed acquisition of FPS and is based on the following average foreign currency exchange rates to 1.00 U.S. Dollar for the remainder of 2017: (a) 16.70 Argentinean Pesos; (b) 3.35 Brazilian Reais; (c) 675 Chilean Pesos; (d) 3,060 Colombian Pesos; (e) 0.95 Euros; (f) 4.45 Ghanaian Cedi; (g) 68.60 Indian Rupees; (h) 21.50 Mexican Pesos; (i) 320.00 Nigerian Naira; (j) 3.40 Peruvian Soles; (k) 14.40 South African Rand; and (l) 3,650 Ugandan Shillings.

Additional information pertaining to the impact of foreign currency and London Interbank Offered Rate (LIBOR) fluctuations on the Company’s outlook has been provided in the supplemental disclosure package available on its website. The impact of foreign currency fluctuations on net income is not provided, as the impact on all components of the net income measure cannot be calculated without unreasonable effort.

For earnings history and earnings-related data on American Tower (AMT) click here.

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