American Tower Q2 revenue up 4.7% to $2.75B; AFFO per share up 4.2%; raises full-year outlook

AMERICAN TOWER CORP /MA/

Total revenue $2,749M (+4.7% YoY); property revenue $2,688M (+6.3%).
Net income $888M (+133.2%) includes $42.1M FX gain vs $484M loss prior year.
Adjusted EBITDA $1,808M (+3.2%); AFFO per share $2.71 (+4.2%).
CEO cites robust leasing demand, record CoreSite activity; full-year outlook raised for second time.
Cash from ops $1,487M (+16.0%); free cash flow $1,158M (+19.6%).

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