American Tower (AMT) Tops Q3 EPS by 2c
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American Tower Corporation Reports Third Quarter 2018 Financial Results
October 30, 2018 7:00 AM EDT
CONSOLIDATED HIGHLIGHTS
Third Quarter 2018
Total
revenue increased 6.2% to $1,786 million
Property revenue increased 5.8% to $1,752 million
Net income increased 12.7% to $377 million
Adjusted EBITDA increased 5.3% to $1,095 million
Consolidated AFFO increased 9.8% to $821 million
Consolidated AFFO per Share increased 6.9% to $1.85
BOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended September30, 2018.
Jim Taiclet, American Towers Chief Executive Officer, stated, In the third quarter, our U.S. property segment delivered strong Organic Tenant Billings Growth of 7.4%, reflecting ongoing investments in 4G technology by our tenants to meet... More
