---
schema_version: "secwatch.filing_event.v1"
accession: "0001053507-23-000140"
form_type: "8-K"
ticker: "AMT"
cik: "0001053507"
company_name: "AMERICAN TOWER CORP /MA/"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-12T23:38:00.664314+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Total revenue $2,772M (+3.6% YoY); property revenue $2,729M (+4.4% YoY).
- Net income $462M (-48.2%) impacted by $107.6M foreign currency losses vs. $394.7M gains prior year.
- Adjusted EBITDA $1,749M (+4.7%); AFFO per share $2.46 (-2.0%).
- Organic Tenant Billings Growth 6.2% for second consecutive quarter; data center segment leasing solid.
- Raised full-year 2023 outlook for property revenue, Adjusted EBITDA, and Attributable AFFO.

## SEC filing metadata
- accession: 0001053507-23-000140
- form_type: 8-K
- ticker: AMT
- cik: 0001053507
- company_name: AMERICAN TOWER CORP /MA/
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1053507/000105350723000140/0001053507-23-000140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1053507/000105350723000140/amt-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001053507-23-000140
- JSON: https://secwatch.observer/filing/0001053507-23-000140.json
- Plain text: https://secwatch.observer/filing/0001053507-23-000140.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1053507/000105350723000140/0001053507-23-000140-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.