American Tower (AMT) Reports In-Line Q1 FFO, Offers FY15 Guidance

American Tower (NYSE: AMT) reported Q1 FFO of $1.10, in-line with the analyst estimate of $1.10. Revenue for the quarter came in at $1.05 million versus the consensus estimate of $1.05 million.

FULL YEAR 2015 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 23, 2015. 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.

Our current full year 2015 outlook excludes the impact of the pending Verizon, TIM and Airtel transactions. Once closed, we expect the annualized year one contributions from the transactions to be as follows:

The Company’s outlook is based on the following average foreign currency exchange rates to 1.00 U.S. Dollar for the full year 2015: (a) 2.75 Brazilian Reais; (b) 630.00 Chilean Pesos; (c) 2,400.00 Colombian Pesos; (d) 0.90 Euros; (e) 3.50 Ghanaian Cedi; (f) 62.50 Indian Rupees; (g) 14.75 Mexican Pesos; (h) 3.10 Peruvian Soles; (i) 11.65 South African Rand; and (j) 2,900.00 Ugandan Schillings.

A 5% fluctuation in foreign currency exchange rate assumptions versus the rates assumed in the Company’s 2015 outlook would result in an impact of approximately $72 million in revenues, approximately $39 million in Adjusted EBITDA and approximately $35 million in AFFO, relative to the midpoints of the Company’s 2015 outlook.

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

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