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American Tower reported stronger-than-expected quarterly performance, supported by steady demand from telecom operators and rising data usage. The company increased its full-year 2026 guidance, reflecting continued investment in digital infrastructure driven by cloud adoption and AI-led workloads. Higher leasing activity and network expansion by major U.S. carriers contributed to revenue growth. With improved projections for property revenue and adjusted funds from operations, the company remains positioned to benefit from long-term structural demand across the telecom and data ecosystem.
American Tower Corporation reported a strong set of quarterly numbers and revised its full-year 2026 outlook upwards, supported by sustained leasing demand from telecom companies and increasing adoption of cloud services. Advertisement
The company benefited from continued investments by U.S. wireless operators, who are expanding network capacity to meet growing demand for high-speed internet and data services. Higher mobile data consumption and the increasing use of digital platforms have led to steady demand for telecom infrastructure.
Chief Executive Officer Steve Vondran stated that the company’s core growth drivers are strengthening. He indicated that rising mobile data usage, faster cloud adoption, and the rapid expansion of AI-driven workloads are expected to support continued investments in digital infrastructure.
American Tower, which develops and operates wireless and broadcast communications infrastructure, generates revenue primarily by leasing tower space to wireless carriers as well as radio and television broadcasters. Its major clients include AT&T, Verizon, and T-Mobile, which have historically contributed a significant share of its property segment revenue.
For the quarter ended March 31, the company reported revenue of USD 2.74 billion, exceeding analysts’ estimates of USD 2.66 billion. Earnings per share came in at USD 1.84, ahead of the expected USD 1.60, indicating better operational performance.
Revenue from its property segment, which includes the core site-leasing business, rose 7.3 percent to USD 2.67 billion during the quarter. This growth reflects higher tenancy ratios and consistent demand for tower infrastructure.
Based on this performance, the company now expects full-year total property revenue to be in the range of USD 10.59 billion to USD 10.74 billion, compared to its earlier forecast of USD 10.44 billion to USD 10.59 billion. It also revised its adjusted funds from operations (AFFO) per share guidance to between USD 10.90 and USD 11.07, up from the previous estimate of USD 10.78 to USD 10.95.
In the past few years, American Tower has steadily expanded its global portfolio, benefiting from the shift toward digital connectivity, 5G rollout, and increasing enterprise reliance on cloud-based services. The company has also been focusing on improving tenancy levels across its existing assets to enhance returns.
Source Reuters
5th Jun, 2025
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