AMT - This Giant REIT Is Making Merry Thanks To US Data Center Business Growth Shares Surge | Benzinga
American Tower Corp (NYSE: AMT) reported third-quarter FY23 revenue growth of 5.5% year-on-year to $2.82 billion, beating the consensus estimate of $2.76 billion.
Property revenue increased 7% Y/Y to $2.79 billion. Tenant Billings grew by 7.3%, and Organic Tenant Billings increased by 6.3%.
AFFO per share attributable was $2.58, up by 9.3 Y/Y compared to a consensus of $2.51.
The company generated $892 million in free cash flow. It held $2.23 billion in cash and equivalents.
Tom Bartlett, American ...