American Tower (AMT) Misses Q1 FFO by 4c
American Tower (NYSE: AMT) reported Q1 FFO of $1.73, $0.04 worse than the analyst estimate of $1.77. Revenue for the quarter came in at $1.74 billion versus the consensus estimate of $1.73 billion.
| 2018 Outlook ($ in millions) | Full Year 2018 | Midpoint Growth | |||||||||||||||||||
| Total property revenue(1) | $ | 6,870 | to | $ | 7,060 | 6.1% | |||||||||||||||
| Net income | 1,335 | to | 1,435 | 13.0% | |||||||||||||||||
| Adjusted EBITDA | 4,265 | to | 4,365 | 5.5% | |||||||||||||||||
| Consolidated AFFO | 3,180 | to | 3,280 | 11.3% | |||||||||||||||||
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