secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN TOWER CORP /MA/ (AMT)
CIK:        0001053507
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001053507-24-000128
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Tower posts Q3 net loss of $780M on $1.2B India sale charge; AFFO up 2.6%
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- Total property revenue fell 1.0% to $2,470M; total revenue flat at $2,522M.
- Net loss attributable to common stockholders of $792M ($1.69 diluted loss), including $1.2B loss on sale of India operations.
- Adjusted EBITDA down 0.9% to $1,687M; AFFO attributable to common stockholders rose 2.6% to $1,237M.
- Completed sale of India operations to Brookfield-backed trust on Sept 12, 2024; results reported as discontinued ops.
- CEO cites robust 5G carrier activity in US/Europe and CoreSite record new leasing; on track for 2025 growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1053507/000105350724000128/0001053507-24-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1053507/000105350724000128/amt-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001053507-24-000128

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