American Tower Reports Q2 2024 Results: Revenue $2.90B, Adjusted EPS $2.79, Net Income $900M
American Tower Corporation reported its second quarter 2024 financial results, surpassing analysts' estimates and raising its annual forecast for adjusted funds from operations (AFFO). The real estate investment trust (REIT) announced a revenue of $2.90 billion, reflecting a 4.6% year-over-year increase. The company achieved an adjusted earnings per share (EPS) of $2.79 and net income of $900 million, marking an 89% year-over-year growth. Additionally, adjusted EBITDA rose by 8.1% to $1.89 billion, driven by strong leasing demand.
Sources
PiQ
🔵 AMERICAN TOWER RAISES ANNUAL FORECAST FOR KEY PROFIT METRIC ON STRONG LEASING DEMAND Full Story → https://t.co/OSIPVb52ll Real estate investment trust American Tower raised its forecast for annual adjusted funds from operations (AFFO) and beat second-quarter revenue…
Markets Today#AmericanTower, $AMT, s UP more than 2% in the premarket, after reporting Q2 FY24: 📊 Adj EPS: $2.79 🟢 💰 Revenue: $2.90B (+4.6% YoY) 🟢 📈 Net Income: $900M (+89% YoY) 🔍 Important Fact: Adjusted EBITDA increased 8.1% to $1.89B
Open Outcrier $AMT (+3.1% pre) American Tower beats Q2 estimates - SA https://t.co/lNrE4H2m71