SRVR - American Tower Delivers Robust Q1 Performance Eyes Long-Term Growth Despite Market Challenges | Benzinga
American Tower Corp (NYSE: AMT) reported fiscal first-quarter 2024 revenue growth of 2.4% year-on-year to $2.834 billion, beating the consensus estimate of $2.795 billion.
AFFO per share attributable was $2.79, up by 9.8% Y/Y and against the consensus of $2.54.
Property revenue increased 3.3% Y/Y to $2.8 billion. Tenant Billings grew by 6.3%, and Organic Tenant Billings increased by 5.4%.
Adjusted EBITDA increased 5.2% Y/Y to $1.85 billion with a margin of 65.4%.
The company generated $882 million in free cash flow, up by 47.5% Y/Y. It held $2.5 billion ...