American Tower (AMT) Q2 Revenues Beat as AFFO Rises 13%

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Go back to American Tower (AMT) Q2 Revenues Beat as AFFO Rises 13%

American Tower Corporation Reports Second Quarter 2018 Financial Results

July 31, 2018 7:00 AM EDT

CONSOLIDATED HIGHLIGHTS
Second Quarter 2018
Total revenue increased 7.1% to $1,781 million
Property revenue increased 6.8% to $1,749 million
Net income decreased 19.1% to $314 million
Adjusted EBITDA increased 6.2% to $1,084 million
Consolidated AFFO increased 16.4% to $844 million
Consolidated AFFO per Share increased 13.1% to $1.90

BOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended June 30, 2018.

Jim Taiclet, American Towers Chief Executive Officer, stated, The rapid adoption of unlimited data plans in the U.S. wireless market has elevated aggregate year-over-year mobile data usage growth to... More