Welcome to our dedicated page for American Tower news (Ticker: AMT), a resource for investors and traders seeking the latest updates and insights on American Tower stock.
American Tower Corporation operates as one of the world's largest independent owners of wireless communications infrastructure, making its news coverage particularly relevant for investors tracking telecommunications infrastructure trends and REIT performance. The company's announcements span tower portfolio expansions, data center developments through its CoreSite subsidiary, and quarterly financial results that reflect the health of the broader wireless industry.
News coverage for American Tower typically includes quarterly earnings releases detailing tenant addition metrics, revenue growth across geographic segments, and commentary on wireless carrier capital expenditure trends. These reports provide insights into how carriers are investing in network infrastructure and the pace of technology upgrades driving tower lease activity. CoreSite announcements regarding data center construction milestones, capacity expansions, and new market entries offer perspective on the company's digital infrastructure growth beyond traditional wireless towers.
Material events disclosed through SEC filings, industry conference presentations, and corporate development updates round out the news flow. Investors following American Tower can track how the company allocates capital between domestic and international markets, its approach to emerging wireless technologies, and management commentary on industry dynamics affecting tower demand. The company's participation in telecommunications and real estate investment conferences also generates newsworthy insights into strategic priorities and market conditions.
For investors analyzing REIT performance, infrastructure investments, or telecommunications industry trends, American Tower's news provides a window into the physical backbone supporting mobile connectivity. Bookmark this page to monitor developments across the company's tower operations, data center expansion, and financial performance.
American Tower Corporation (NYSE: AMT) reported its Q1 2023 financial results, showing total revenue of $2,767 million, a 4.0% increase year-over-year. Property revenue also rose by 4.4% to $2,715 million. However, net income fell sharply by 55.2% to $315 million. Adjusted EBITDA saw an 8.6% increase to $1,763 million, while funds from operations (FFO) decreased by 22.7% to $1,083 million. The company declared a quarterly dividend of $1.56 per share, reflecting an 11.4% year-over-year growth. The sale of subsidiary Mexico Fiber resulted in an $80 million loss. The company maintains a strong liquidity position with $7.7 billion available, including $1.8 billion in cash and equivalents.
CoreSite, a subsidiary of American Tower (NYSE: AMT), has launched enhanced network services for its Open Cloud Exchange (OCX), significantly improving connectivity for Oracle Cloud Infrastructure (OCI) users. The new Layer 3 connections allow for 1 Gbps bandwidth, with plans for expansion to 10 Gbps in the future. This enhancement enables secure, low-latency communication between data centers, cloud providers, and digital ecosystems, facilitating multicloud and hybrid architectures. CoreSite's data centers in Chicago, Ashburn, and Phoenix now offer direct access to OCI, further supporting enterprise digital transformation. The updates promise to reduce total cost of operation and accelerate IT modernization for CoreSite's customers.
CoreSite, a subsidiary of American Tower Corporation (NYSE: AMT), announced a partnership with Arcadian, a leading post-production services agency. This collaboration utilizes CoreSite's secure and scalable colocation solutions to assist film studios and content creators in converting digital files into streamable formats. By leveraging hybrid IT infrastructure, Arcadian aims to deliver solutions efficiently while protecting digital assets. CoreSite's Los Angeles data center offers essential features including 100% uptime SLA and low latency, vital for Arcadian's operations, especially as it expands into live streaming. Both companies will participate in the NAB 2023 show in Las Vegas from April 15-19.
American Tower Corporation (NYSE: AMT) will announce its first quarter 2023 results on April 26, 2023, at 7:00 a.m. ET. A conference call to discuss these results is scheduled for 8:30 a.m. ET on the same day. The call will be accessible via phone with specific dial-in numbers provided, including (877) 692-8955 for the U.S. and Canada, and (234) 720-6979 for international calls. An online simulcast will also be available, with a replay accessible starting at 11:30 a.m. ET on April 26, 2023, until 11:59 p.m. ET on May 10, 2023. American Tower operates a vast portfolio, boasting nearly 225,000 communications sites globally. For further details, visit American Tower's website.
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