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 (AMT) operates as a global leader in wireless communications infrastructure, providing essential cell tower and data center assets that power modern connectivity. This news hub offers investors and industry observers a centralized resource for tracking the REIT's strategic developments and market position.
Our curated collection features official press releases and third-party analysis covering network expansion projects, tower leasing agreements, and data center operations. Users can monitor critical updates including regulatory filings, technology partnerships, and international market entries that shape the company's role in global telecommunications infrastructure.
The repository serves as a strategic monitoring tool for tracking AMT's operational footprint across 25+ countries and its responses to evolving 5G deployment demands. Content is organized to highlight infrastructure investments, tenant diversification efforts, and capital allocation strategies fundamental to understanding this REIT's performance drivers.
Bookmark this page for streamlined access to verified updates about American Tower's tower portfolio growth, spectrum technology adaptations, and sustainability initiatives within the communications infrastructure sector.
American Tower (NYSE: AMT) has announced its participation in four upcoming investor conferences in September 2024. These include:
1. Citi's 2024 Global TMT Conference in New York (Sept 4)
2. Bank of America 2024 Media, Communications and Entertainment Conference in New York (Sept 5)
3. Goldman Sachs Communacopia + Technology Conference in San Francisco (Sept 9)
4. Bank of America 2024 Global Real Estate Conference in New York (Sept 10)
The company's President and CEO, Steve Vondran, will speak at the first three events, while Adam Smith, SVP of Investor Relations and FP&A, will present at the fourth. Live webcasts and replays will be available on American Tower's website.
Windstream Wholesale is expanding its presence in Boston through CoreSite's BO1 data center, a 253,000-square-foot facility in Somerville, Mass. This strategic move enhances Windstream's ability to deliver low-latency connectivity solutions to a growing customer base in the region. The expansion, set for early Q4 2024, provides access to the Lynn Cable Landing Station, connecting to the Amitié/AEC-3 Subsea Cable for international market access.
CoreSite's BO1 data center serves as a critical hub for high-performance connectivity, ideally positioned near Boston's central business district to serve financial, technological, and educational sectors. This expansion allows Windstream Wholesale to offer more cost-effective and scalable solutions through its award-winning wave services, reinforcing its commitment to providing robust network solutions in an increasingly interconnected world.
American Tower (NYSE: AMT), a leading global REIT in communications real estate, has announced its participation in two upcoming investor conferences in August 2024. Ed Knapp, Senior VP and CTO, will speak at the KeyBanc Capital Markets Technology Leadership Forum in Vail, Colorado on August 5. Steve Vondran, President and CEO, is scheduled to present at the TD Cowen 10th Annual Communications Infrastructure Summit in Boulder, Colorado on August 13.
Live webcasts and replays of both presentations will be available on American Tower's Investor Relations website. The company boasts a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
Stonepeak and American Tower's subsidiary CoreSite have formed a joint venture called CoreSite DevCo JV to develop an 18 megawatt data center in Denver, Colorado. Stonepeak will hold 85% equity, while CoreSite retains 15%. The project, named DE3, will be constructed in three 6 MW phases with a total estimated cost of over $250 million. Located less than 3.5 miles from CoreSite's existing DE1 and DE2 facilities, DE3 will be CoreSite's third data center in Denver.
The joint venture aims to capitalize on Denver's growing market and CoreSite's established presence as the primary carrier hotel in this key interconnection hub. DE3 will benefit from CoreSite's leading interconnection platform through dedicated dark fiber to existing facilities, providing customers with immediate access to an established ecosystem.
American Tower (NYSE: AMT) reported strong Q2 2024 financial results, with total revenue increasing 4.6% to $2,900 million and net income surging 96.8% to $908 million. The company saw positive momentum across its segments, with U.S. & Canada delivering over 5% Organic Tenant Billings Growth and CoreSite achieving its second-highest quarter of signed new business. AMT raised the midpoints of key financial measures in its updated 2024 outlook.
Highlights include:
- Property revenue up 4.6% to $2,853 million
- Adjusted EBITDA increased 8.1% to $1,890 million
- AFFO attributable to AMT common stockholders rose 13.5% to $1,306 million
The company continues to focus on disciplined capital allocation and strategic priorities, positioning itself for sustained growth and higher quality earnings for shareholders.
American Tower (NYSE: AMT) has released its 2023 Sustainability Executive Report, highlighting progress across its Environment, Social, and Governance pillars. Key achievements include:
- Reduced combined scope 1 and 2 GHG emissions
- Increased on-site renewable energy generation by 40% globally
- Protected nearly 5,000 bird nests and supported planting over 150,000 trees
- Distributed over $4 million through various giving programs
- Opened 144 new Digital Communities, serving over 720,000 people across 15 countries
The company's Power-as-a-Service program has been important in reducing emissions and enhancing environmental efforts. CEO Steve Vondran emphasized the company's commitment to embedding sustainability into core operations and making a positive global impact.
CoreSite, a subsidiary of American Tower (NYSE: AMT), has released its 2024 State of the Data Center Report. The report highlights a significant shift towards hybrid IT models to support modern workloads. Key findings include:
1. An exodus from cloud to colocation and on-premises solutions, driven by resource-intensive AI and HPC workloads.
2. Cloud interconnection is the top reason for choosing colocation services.
3. Growing consensus among IT leaders on the importance of hybrid IT strategies.
This fifth annual report provides valuable insights into data center and cloud computing trends, strategies, and requirements, reflecting the evolving needs of businesses in the digital age.
American Tower (NYSE: AMT) has announced the release date for its second quarter 2024 financial results. The results will be published on July 30, 2024, at 7:00 a.m. ET, followed by a conference call at 8:30 a.m. ET to discuss the performance. The call can be accessed via phone or online, with detailed information available on the American Tower website. A replay of the call will be available from July 30, 2024, 11:30 a.m. ET through August 13, 2024, 11:59 p.m. ET. American Tower, one of the largest global REITs, operates a portfolio of over 224,000 communication sites globally and owns multiple data center facilities across the U.S.
CoreSite, part of American Tower (NYSE: AMT), has announced that its Chicago data center now offers native access to AWS Direct Connect. This service allows for private, low-latency connections to Amazon Web Services (AWS), supporting Dedicated connections from 10 Gbps to 100 Gbps and Hosted connections from 50 Mbps to 25 Gbps. The AWS Direct Connect availability in Chicago complements CoreSite's offerings in Los Angeles, Silicon Valley, Denver, New York, and Northern Virginia. Customers benefit from reduced data transfer costs by up to 60%, enhanced performance, lower latency, increased resilience, and improved security. AWS Direct Connect is ideal for AI, ML, data storage, and production workloads. CoreSite also simplifies management through its Open Cloud Exchange platform, enabling easier network connection management.
American Tower (NYSE: AMT) has declared a quarterly cash distribution of $1.62 per share on its common stock. This distribution will be paid on July 12, 2024, to shareholders who are recorded by the close of business on June 14, 2024. The announcement was made by the company's Board of Directors.