American Tower (AMT) Misses Q3 EPS by 5c, Revenues Beat

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Go back to American Tower (AMT) Misses Q3 EPS by 5c, Revenues Beat

American Tower Corporation Reports Third Quarter 2020 Financial Results

October 29, 2020 7:00 AM EDT

CONSOLIDATED HIGHLIGHTS

Third Quarter 2020

Total revenue increased 3.0% to $2,013 million Property revenue increased 3.4% to $1,988 million Net income decreased 8.4% to $463 million Adjusted EBITDA increased 5.6% to $1,298 million Consolidated AFFO increased 14.7% to $1,022 million

BOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended September 30, 2020.

Tom Bartlett, American Towers Chief Executive Officer, stated, We saw strong demand across our global portfolio of communications real estate in the third quarter as our tenants deployed new technology, densified... More