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Inferra AI / Company / AMT

American Tower

AMT · Real Estate

Last earnings Oct 27, 2026

Key results

Total revenuequarter

7.7%

Total revenue increased 7.7% to $2,717 million (3) Total property

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Revenuequarter

5.9%

revenue increased 5.9% to $2,616 million (3)

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Net incomequarter

216.9%

Net income increased 216.9% to $913 million, primarily due to foreign currency losses in the prior year period (4)(5)(6) Adjusted EBITDA increased 7.6% to $1,816 million (5) Net income attributable to AMT common stockholders increased 207.7% to $853 million

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

The Company is increasing the midpoint for net income and net income attributable to AMT common stockholders by $95 million and $40 million, respectively, primarily due to unrealized foreign currency gains.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Canada growth rate includes an estimated negative impact of over 3% associated with a decrease in non-cash straight-line revenue recognition.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Property revenuequarter

2%

(2) Property revenue growth rate includes an estimated negative impact of approximately 2% associated with straight-line revenue recognition.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

(3) Adjusted EBITDA growth rate includes an estimated negative impact of approximately 3% associated with net straight-line revenue recognition.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Canada Property (2) International Property (3) Data Centers Property (4) Total Property International pass-through revenue N A $ 1,080 N A $ 1,080 Straight-line revenue 48 32 7 87 _______________ (1) For additional discussion regarding these components, please refer to Revenue Components below.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

AI analysis

Q3 2025 · reported Oct 28, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Headline figures

MetricQ3 2025Prior qtrYear ago
Total revenue7.7%——
Revenue5.9%——
Net income216.9%——
Property revenue2%——

EX-99 · Oct 28, 2025

Guidance · company-stated

Direction: Raised

Revenue$40 million

“The Company is raising the midpoints of its full year 2025 outlook for property revenue, Adjusted EBITDA, AFFO attributable to AMT common stockholders and AFFO attributable to AMT common stockholders per Share by $40 million, $45 million, $50 million and $0.10, respectively, primarily as a result of estimated positive foreign currency exchange rate fluctuations described above.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Capex$10.4M

Net income, Net income attributable to AMT common stockholders, Net income attributable to AMT common stockholders per diluted share, Nareit Funds From Operations (FFO) attributable to AMT common stockholders, AFFO attributable to AMT common stockholders, AFFO attributable to AMT common stockholders per Share, Cash provided by operating activities, total cash capital expenditures and Free Cash Flow include the impacts associated with discontinued operations related to the ATC TIPL Transaction.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

CONSOLIDATED OPERATING RESULTS OVERVIEW (1)(2) American Tower generated the following operating results for the quarter ended September 30, 2025 (all comparative information is presented against the quarter ended September 30, 2024)

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “The Company is raising the midpoints of its full year 2025 outlook for property revenue, Adjusted EBITDA, AFFO attributable to AMT common stockholders and AFFO attributable to AMT common stockholders per Share by $40 million, $45 million, $50 million and $0.10, respectively, primarily as a result of estimated positive foreign currency exchange rate fluctuations described above.”

Revenue — Raised (“raising”)
“The Company is raising the midpoints of its full year 2025 outlook for property revenue, Adjusted EBITDA, AFFO attributable to AMT common stockholders and AFFO attributable to AMT common stockholders per Share by $40 million, $45 million, $50 million and $0.10, respectively, primarily as a result of estimated positive foreign currency exchange rate fluctuations described above.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Net income, Net income attributable to AMT common stockholders, Net income attributable to AMT common stockholders per diluted share, Nareit Funds From Operations (FFO) attributable to AMT common stockholders, AFFO attributable to AMT common stockholders, AFFO attributable to AMT common stockholders per Share, Cash provided by operating activities, total cash capital expenditures and Free Cash Flow include the impacts associated with discontinued operations related to the ATC TIPL Transaction.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

(7) Represents AFFO attributable to AMT common stockholders from continuing operations adjusted for a full period of interest expense savings associated with the use of approximately $2.0 billion of proceeds from the ATC TIPL Transaction to pay down existing indebtedness under the Company s $6.0 billion senior unsecured multicurrency revolving credit facility, as amended and restated in December 2021, as further amended, at the applicable historical borrowing cost for the respective prior period.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

No additional adjustments are required related to the repayment of approximately $120 million under the Company s unsecured term loan in India, as amended in January 2024 (the India Term Loan ), as the historical interest expense associated with the India Term Loan is already considered as part of AFFO attributable to AMT common stockholders from discontinued operations when deriving AFFO attributable to AMT common stockholders from continued operations.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

(8) Q3 2025 cash capital expenditures include $10.4 million of finance lease and perpetual land easement payments reported in cash flows from financing activities in the condensed consolidated statements of cash flows.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Capital Expenditures During the third quarter of 2025, total capital expenditures were approximately $476 million, of which $54 million was for non-discretionary capital improvements and corporate capital expenditures.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

For additional capital expenditure details, please refer to the supplemental disclosure package available on the Company s website.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Strategy & priorities

As we close out 2025, we remain confident that our strategic focus on maximizing organic growth, expanding margins, prudently allocating capital, and maintaining balance sheet strength will continue to deliver durable growth and strong returns into 2026 and beyond.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

8 Cautionary Language Regarding Forward-Looking Statements This press release contains forward-looking statements concerning our goals, beliefs, expectations, strategies, objectives, plans, future operating results and underlying assumptions and other statements that are not necessarily based on historical facts.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Examples of these statements include, but are not limited to, statements regarding our full year 2025 outlook and other targets, foreign currency exchange rates, the creditworthiness and financial strength of our customers, the expected impacts of strategic partnerships on our business, our expectations for the closing of signed agreements and the expected impacts of such agreements on our business and our expectations regarding the leasing demand for communications real estate.

SEC original ↗American Tower — Earnings release (8-K exhibit)EX-99Oct 28, 2025

The Company does not believe that the sales of its APAC operations represent a strategic shift that will have a major impact on its operations and financial results, and as such, the divestitures do not qualify for presentation as discontinued operations.

SEC original ↗American Tower — 10-Q Quarterly report10-QOct 27, 2026

The amendments are intended to better reflect those strategies in financial reporting by enabling entities to achieve and maintain hedge accounting for highly effective economic hedges of forecasted transactions.

SEC original ↗American Tower — 10-Q Quarterly report10-QOct 27, 2026

Risks & headwinds

Legal Proceedings 55 Item 1A.

SEC original ↗American Tower — 10-Q Quarterly report10-QOct 27, 2026

To the extent the amounts, based on management s estimates, may not be collectible, revenue recognition is deferred until such point as the uncertainty is resolved.

SEC original ↗American Tower — 10-Q Quarterly report10-QOct 27, 2026

Documents

Earnings deck slides

0 decks with slide view

American Tower — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Named in the company’s own filings

Crown Castle (CCI)“We compete, both for new business and for the acquisition of assets, with other public tower companies, such as Crown Castle International Corp., SBA Communications Corporation, Vertical Bridge, Telesites S.A.B.”SBA Communications (SBAC)“We compete, both for new business and for the acquisition of assets, with other public tower companies, such as Crown Castle International Corp., SBA Communications Corporation, Vertical Bridge, Telesites S.A.B.”

Filings

72 documents

Earnings releases

18 documents

Presentations

1 document

Transcripts

0 documents

No transcripts for American Tower are held in this edition of the library.

Mentioned by

2 companies

Other tracked companies whose held documents mention American Tower by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.