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American Tower Corporation (NYSE: AMT) is a leading global real estate investment trust (REIT) and a premier owner and operator of wireless and broadcast communications infrastructure. Headquartered in Boston, Massachusetts, American Tower is ranked 375 on the Fortune 500 list as of 2022. The company manages a vast and diversified portfolio that includes over 220,000 communications sites worldwide, spanning markets in the United States, Asia, Latin America, Europe, and Africa.
As of 2023, American Tower operates more than 40,000 towers in the United States, generating nearly half of its total revenue from this market. The international footprint includes approximately 75,000 towers in India, around 50,000 towers in Latin America (with Brazil being the largest market), 30,000 towers in Europe, and 25,000 towers in Africa. The company also owns and/or operates 28 data centers in 10 U.S. markets following the acquisition of CoreSite, enhancing its data center capabilities.
American Tower’s growth strategy includes solid partnerships with top mobile carriers, which account for a significant portion of its revenue. The company has recently made strides in enhancing its network connectivity solutions through agreements with businesses such as CoreSite and Glo Fiber Business, providing scalable and secure data exchange solutions to enterprises, government entities, and financial institutions. The CoreSite Washington, D.C., data center campus offers robust colocation services, meeting stringent deployment requirements and data sovereignty laws.
Financially, American Tower exhibited robust performance in 2023, with a notable 4.0% increase in total revenue to $11,144 million and a 5.1% rise in property revenue to $11,001 million. The company also saw a significant adjusted EBITDA increase of 6.7% to $7,087 million. Despite a challenging global economic environment, American Tower maintained a strong financial position through cost management and strategic initiatives to reduce net leverage and optimize debt exposure.
Looking forward, American Tower remains focused on leveraging advancements in 5G, artificial intelligence, and distributed compute workloads to drive future demand for its infrastructure. The company's strategic priorities include enhancing shareholder returns, sustaining growth, and offering a unique value proposition by capitalizing on its global scale, best-in-class operating model, and investment-grade balance sheet.
American Tower and DISH Network have entered into a master lease agreement allowing DISH to lease space on up to 20,000 American Tower communications sites. This partnership supports DISH's development of a nationwide 5G network, enhancing American Tower's long-term growth. Cash lease payments will begin in 2022 and increase over time as DISH's network expands. The agreement also includes options for DISH to lease shared generators and utilize American Tower's construction services.
American Tower Corporation (NYSE: AMT) announced the appointment of Sanjay Goel as Executive Vice President and President of the Asia-Pacific region, effective March 16, 2021. He succeeds Amit Sharma, who will become Chairman of the Asia-Pacific region and Special Advisor to the CEO until his retirement on July 1, 2021. Goel joins from Nokia, where he oversaw global operations across 100+ countries, bringing over 30 years of leadership experience. American Tower operates approximately 186,000 communications sites globally, solidifying its position as a leading independent communications infrastructure provider.
American Tower Corporation (NYSE: AMT) will have Tom Bartlett, President and CEO, presenting at the Citi 2021 Virtual Global Property CEO Conference on March 10, 2021, at 10:30 a.m. ET. The presentation will be available as a live audio webcast on the company's website. American Tower is recognized as a leading independent owner and operator of multitenant communications real estate, boasting a portfolio of approximately 186,000 communications sites globally.
American Tower Corporation (NYSE: AMT) announced that Rod Smith, the Executive Vice President and CFO, will present at the Deutsche Bank 29th Annual Media, Internet, and Telecom Conference on March 8, 2021, at 9:00 a.m. ET. A live audio webcast will be accessible on the company's website. American Tower is a leading global REIT, owning and operating around 186,000 communications sites, specializing in multitenant communications real estate.
American Tower Corporation (NYSE: AMT) reported solid financial results for Q4 and FY 2020, with revenues growing 10.3% and 6.1%, respectively. Key metrics included total revenue of $2,123 million and net income of $362 million, though net income declined by 36.5%. The company maintained a strong balance sheet, increased its dividend by 19.8%, and emphasized a promising outlook bolstered by the upcoming Telxius acquisition, which will enhance its market presence in Europe. Adjusted EBITDA showed strong growth, reflecting operational efficiency during the pandemic.
American Tower Corporation (NYSE: AMT) has announced that Igor Khislavsky, the Vice President of Investor Relations, will present at the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 8:20 a.m. ET. A live audio webcast will be accessible through the Company's website. American Tower is a leading independent REIT specializing in multitenant communications real estate, with a portfolio exceeding 183,000 communications sites.
American Tower Corporation (NYSE: AMT) announced that Rod Smith, Executive Vice President and CFO, will present at the Morgan Stanley Technology, Media & Telecom Conference on March 1, 2021, at 9:30 a.m. ET. The event will feature a live audio webcast accessible through the company's website. As a leading global REIT, American Tower manages over 183,000 communication sites, focusing on multitenant communications real estate. This presentation may provide insights into the company's strategic direction and financial performance.
American Tower Corporation (NYSE: AMT) will release its Q4 2020 and full year results on February 25, 2021, at 7:00 a.m. ET. A conference call to discuss the results is scheduled for 8:30 a.m. ET on the same day. The conference call can be accessed via (877) 692-8955 in the U.S./Canada or (234) 720-6979 internationally, with an access code of 2909496. An audio replay will be available from February 25, 2021, 11:30 a.m. ET to March 11, 2021, 11:59 p.m. ET.
American Tower Corporation (NYSE: AMT) announced year-end tax reporting for its 2020 distributions. Key dates include record dates of 04/14/2020, 06/19/2020, and 09/28/2020, with corresponding payment dates of 04/29/2020, 07/10/2020, and 10/16/2020. Cash distributions per share were $1.08, $1.10, and $1.14. Ordinary taxable dividends matched cash distributions across these dates. The tax year showed no unrecaptured section 1250 gains or non-dividend distributions. The quarterly distribution declared on December 3, 2020, will apply to 2021.
Investors should consult tax advisors for specific treatment.
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