American Tower (AMT) Misses Q1 FFO by 4c

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American Tower Corporation Reports First Quarter 2018 Financial Results

May 1, 2018 7:00 AM EDT

CONSOLIDATED HIGHLIGHTS
First Quarter 2018

Total revenue increased 7.8% to $1,742 million Property revenue increased 7.3% to $1,710 million Net income decreased 8.8% to $280 million Adjusted EBITDA increased 6.5% to $1,062 million Consolidated AFFO increased 11.9% to $807 million

BOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended March 31, 2018.

Jim Taiclet, American Towers Chief Executive Officer, stated, The strong demand we experienced in late 2017... More