American Tower Corporation Reports Fourth Quarter and Full Year 2016 Financial Results
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American Tower (AMT) AFFO of $1.52/Share
February 27, 2017 7:08 AM ESTAmerican 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 millionProperty revenue increased 21.6% to $1,521 millionNet income increased 5.1% to $233 millionAdjusted EBITDA increased 16.7% to $936 millionConsolidated... More