American Tower (AMT) Q4 Revenues Beat

American Tower (NYSE: AMT) reported Q4 EPS of $0.82, which may not compare with the analyst estimate of $1.27. AFFO attributable to AMT common stockholders per share was $2.07. Revenue for the quarter came in at $2.12 billion versus the consensus estimate of $2.07 billion.

Tom Bartlett, American Tower’s Chief Executive Officer, stated, “We generated strong performance in 2020, driven by the combination of solid organic growth, accretive acquisitions and a record year of new site construction, along with improving margins. Moreover, we grew our common stock dividend and maintained our strong balance sheet, while helping to provide critical connectivity to billions of people across our served markets during the ongoing pandemic.

In 2021, we expect to extend our long track record of driving sustainable growth as mobile technology advances globally. We look forward to closing our transformational Telxius acquisition, which will establish us as a leader in Germany and Spain, and are rapidly integrating the more than 2,000 new towers we acquired in the U.S. and Canada in the fourth quarter of 2020. We believe that our comprehensive asset base, commitment to our Stand and Deliver strategy and our exceptional employees around the world position American Tower for continued success as we look to 5G and beyond.”

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

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