secwatch / observer
8-K filed July 27, 2023, 7:59 PM ET ticker AMT CIK 0001053507
earnings confidence high sentiment neutral materiality 0.70

American Tower Q2 revenue up 3.6% to $2.77B; net income drops 48%; raises FY outlook

AMERICAN TOWER CORP /MA/

2023-Q2 EPS reported $1.74 revenue$5,538,900,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AMERICAN TOWER CORP /MA/ reported the quarter ended June 30, 2023 results: revenue Total revenue $ 2,772, net income Net income (1) $ 462, EPS Net income attributable to AMT common stockholders per diluted share (1) $ 1.02. Guidance raised.

Period
the quarter ended June 30, 2023
Revenue
Total revenue $ 2,772
Net income
Net income (1) $ 462
EPS
Net income attributable to AMT common stockholders per diluted share (1) $ 1.02
Guidance
raised
Result
reported results
Exact text from the filing
CONSOLIDATED OPERATING RESULTS OVERVIEW American Tower generated the following operating results for the quarter ended June 30, 2023 (all comparative information is presented against the quarter ended June 30, 2022). ($ in millions, except per share amounts.) Q2 2023 Growth Rate Total revenue $ 2,772 3.6 % Total property revenue $ 2,729 4.4 % Total Tenant Billings Growth $ 133 7.2 % Organic Tenant Billings Growth $ 115 6.2 % Property Gross Margin $ 1,919 5.4 % Property Gross Margin % 70.3 % Net income (1) $ 462 (48.2) % Net income attributable to AMT common stockholders (1) $ 476 (47.0) % Net income attributable to AMT common stockholders per diluted share (1) $ 1.02 (47.7) % Adjusted EBITDA $ 1,749 4.7 % Adjusted EBITDA Margin % 63.1 % Nareit Funds From Operations (FFO) attributable to AMT common stockholders (1) $ 1,133 (31.3) % AFFO attributable to AMT common stockholders $ 1,151 (0.4) % AFFO attributable to AMT common stockholders per Share $ 2.46 (2.0) % Cash provided by operating
View on SEC.gov

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AMERICAN TOWER CORP /MA/ filing history →

Source: SEC EDGAR
accession 0001053507-23-000140
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