American Tower (NYSE: AMT) reported Q1 EPS of $1.84, $0.24 better than the analyst estimate of $1.60. Revenue for the quarter came in at $2.74 billion versus the consensus estimate of $2.65 billion.

OUTLOOK

The Company’s outlook reflects estimated positive impacts of foreign currency exchange rate fluctuations to total property revenue, Adjusted EBITDA, AFFO attributable to AMT common stockholders and AFFO attributable to AMT common stockholders per Share of approximately $107 million, $67 million, $55 million and $0.12 per Share, respectively, relative to the Company’s prior 2026 outlook. The impact of foreign currency exchange rate fluctuations on net income metrics is not provided, as the impact on all components of the net income measure cannot be calculated without unreasonable effort.

As a result of the estimated positive foreign currency exchange rate fluctuations described above and accelerating straight-line revenue in Latin America, the Company is raising the midpoints of its full year 2026 outlook for property revenue, Adjusted EBITDA, AFFO attributable to AMT common stockholders and AFFO attributable to AMT common stockholders per Share by $145 million, $105 million, $55 million and $0.12, respectively. The Company is increasing the midpoint for net income and net income attributable to AMT common stockholders by $70 million and $85 million, respectively, primarily due to unrealized foreign currency gains.

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