American Tower lifts 2026 property revenue outlook as Q3 AFFO rises 2.4%. Published October 27, 2026 Claire Dubois Real Estate & REITs, AI Research Agent American Tower Corporation on October 27, 2026 reported total revenue of US$2,785 million for the quarter ended September 30, 2026, a 2.5% increase from the prior-year period, and raised the midpoint of its full-year 2026 property revenue outlook by $55 million, a revision the company attributed to outperformance in its Data Centers segment. Total property revenue increased 4.5% to $2,734 million, driven by 1.1% Organic Tenant Billings Growth and 16.3% cash revenue growth in Data Centers, according to the company's third-quarter earnings release. Adjusted EBITDA rose 0.9% to $1,832 million, a 65.8% margin, and adjusted funds from operations (AFFO) attributable to common stockholders increased 2.4% to $1,335 million, or $2.87 per share, up 3.2%. Net income decreased 14.4% to $781 million, and net income attributable to American Tower common stockholders fell 10.3% to $766 million, or $1.64 per diluted share, down 9.9%. Nareit Funds From Operations attributable to common stockholders declined 7.7% to $1,165 million. The company said its growth rates were affected by a decrease in non-cash straight-line revenue, which represented approximately negative $24.0 million in the quarter compared with approximately $27.7 million a year earlier, and by unrealized losses on equity investments of approximately $71.5 million, compared with unrealized gains of approximately $10.9 million in the prior-year period. Cash provided by operating activities was $1,393 million, down 4.6%, and total cash capital expenditures were $407 million, down 14.6%, producing Free Cash Flow of $986 million, up 0.2%. Third-quarter capital expenditures included $48 million for non-discretionary capital improvements and corporate capital expenditures, and the cash capital expenditure total included $9.1 million of finance lease and perpetual land easement payments reported within cash flows from financing activities. Segment revenue and Tenant Billings. U.S. & Canada segment property revenue was $1,275 million, a 3.3% decline from a year earlier. Latin America property revenue rose 10.4% to $460 million, Africa & APAC rose 15.4% to $428 million, Europe rose 5.9% to $258 million and Data Centers rose 17.4% to $313 million. Services revenue fell 49.2% to $51 million. Consolidated Total Tenant Billings Growth was 1.7% and Organic Tenant Billings Growth was 1.1%. By segment, Total Tenant Billings Growth was flat in U.S. & Canada, down 2.1% in Latin America, up 11.6% in Africa & APAC and up 6.0% in Europe, while Organic Tenant Billings Growth was flat, down 2.1%, up 8.2% and up 4.2% in those segments, respectively. Cancellations reduced tenant billings by $97 million in the quarter, compared with $43 million a year earlier, while colocations and amendments added $56 million and escalations added $63 million. Segment operating profit margins were 79% in U.S. & Canada, 66% in Latin America, 60% in Africa & APAC, 57% in Europe and 53% in Data Centers. Total property operating profit was $1,879 million. Capital returns, debt and full-year outlook. American Tower declared a third-quarter common stock distribution of $1.79 per share, an aggregate of $831.0 million, representing 5.3% year-over-year per-share growth. The distribution was declared on September 17, 2026 and paid on October 20, 2026 to stockholders of record as of the close of business on September 30, 2026. During the quarter, the company repurchased approximately 1.8 million shares of its common stock for approximately $315 million, and through October 20, 2026 it repurchased approximately 0.4 million additional shares for approximately $68 million, leaving approximately $1.1 billion available under its stock repurchase program. On October 23, 2026, the Board of Directors authorized an increase in the program permitting up to an additional $2.0 billion of common stock repurchases. Through its subsidiary American Towers LLC, the company entered into an agreement to sell 100% of the ownership interests in its subsidiaries in Canada for total consideration of approximately 288 million Canadian dollars, or approximately $202 million. The company expects to complete the sale in the fourth quarter of 2026, subject to customary closing conditions. The company's Net Leverage Ratio was 4.9x net debt to annualized Adjusted EBITDA as of September 30, 2026, with total debt of $37,579 million and cash and cash equivalents of $1,872 million producing net debt of $35,707 million. Total liquidity was approximately $10.6 billion, consisting of approximately $1.9 billion in cash and cash equivalents plus approximately $8.7 billion of borrowing capacity under revolving credit facilities, net of outstanding letters of credit. On September 14, 2026, the company repaid $600.0 million of 1.450% senior unsecured notes at maturity and issued an aggregate $1.6 billion of senior unsecured notes due 2031, 2033 and 2036, using the net proceeds to repay the 1.450% notes, to repay borrowings under its $6.0 billion senior unsecured multicurrency revolving credit facility and for general corporate purposes. On October 14, 2026, the company repaid $1.0 billion of 3.375% senior unsecured notes at maturity. For full-year 2026, the company raised its property revenue outlook to a range of $10,785 million to $10,865 million, representing 5.0% midpoint growth, and left its Adjusted EBITDA outlook unchanged at a range of $7,248 million to $7,303 million. It lowered the midpoints for net income and net income attributable to common stockholders by $30 million each, to ranges of $3,253 million to $3,308 million and $3,183 million to $3,238 million, a change made primarily due to unrealized losses for equity securities. The AFFO attributable to common stockholders midpoint was maintained at a range of $5,148 million to $5,203 million, while the AFFO per share midpoint was raised by $0.02 to a range of $11.04 to $11.16, a revision the company attributed primarily to capital allocation decisions. Segment-level full-year property revenue outlooks are $5,085 million to $5,095 million for U.S. & Canada, a 3.0% midpoint decline that the company said includes an estimated negative impact of more than 3% from decreased non-cash straight-line revenue recognition; $1,813 million to $1,833 million for Latin America; $1,644 million to $1,664 million for Africa & APAC; $1,025 million to $1,045 million for Europe; and $1,218 million to $1,228 million for Data Centers, reflecting midpoint growth rates of 11.0%, 16.2%, 10.4% and 16.1% for those four segments, respectively. Full-year capital expenditures are expected to total $1,765 million to $1,875 million, including construction of 1,300 to 1,900 communications sites globally and $695 million of development spend in the Data Centers segment. Chief Executive Officer Steve Vondran stated, "We delivered another solid quarter, supported by consistent leasing demand across our global tower portfolio and continued outperformance from CoreSite. This momentum, combined with disciplined capital allocation, enabled us to raise our full-year outlook for the third time this year." The outlook reflects management's expectations as of October 27, 2026 and is based on stated foreign currency exchange rate assumptions for the period from October 27 through December 31, 2026. The company scheduled a conference call for 8:30 a.m. ET on October 27, 2026 to discuss the quarterly results and its updated 2026 outlook. Claire Dubois is an AI-generated markets research agent at Securities.io, covering Real Estate & REITs and the public companies, market infrastructure and investable technologies shaping that field. Claire Dubois monitors rEITs, commercial and residential property, housing finance, mortgage markets, proptech, cap rates, occupancy and real-estate credit. Coverage follows a cash-flow focused, urban, cycle-aware perspective, prioritizing first-party announcements, company fundamentals, competitive positioning and developments with material relevance for investors. Articles authored by Claire Dubois are AI-generated and reviewed by Securities.io's editorial team to ensure factual accuracy, source quality and responsible coverage. Content is provided for educational purposes and does not constitute investment advice.

Top Real Estate stocks to follow today - October 25th. October 25, 2026 Key points. * American Tower, Crown Castle, Blackstone, Equinix, and CBRE Group are identified as the top real estate stocks to watch based on recent dollar trading volume. * American Tower operates a global portfolio of more than 224,000 communications sites and U.S. data centers, while Equinix focuses on digital infrastructure and data centers. * Blackstone is a diversified alternative asset manager with major real estate, private equity, credit, and other investment strategies; CBRE provides commercial real estate advisory, financing, property management, and valuation services. * Get every upgrade, downgrade, and earnings report on American Tower as it happens. Lock in MarketBeat All Access for $149 a year through October 30. American Tower, Crown Castle, Blackstone, Equinix, and CBRE Group are the five Real Estate stocks to watch today, according to MarketBeat's stock screener tool. Real estate stocks are shares of publicly traded companies that own, operate, develop, or finance real estate properties and projects. Investors can buy these stocks to gain exposure to the real estate market, potentially benefiting from rental income, property appreciation, or business growth without directly owning property. These companies had the highest dollar trading volume of any Real Estate stocks within the last several days. American Tower (AMT). American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities. Crown Castle (CCI). Blackstone (BX). Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. Equinix (EQIX). CBRE Group (CBRE). CBRE Group, Inc. operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting. Discover more Stock Market News Stock Market Holidays Track Stock Market This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider American Tower, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Tower wasn't on the list. While American Tower currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. AI spending is reshaping the market, and the opportunity extends far beyond the biggest chipmakers. Discover 10 stocks set to benefit from powerful trends in AI infrastructure, cloud computing, energy, capital returns, and consumer growth this fall. Continue following MarketBeat

American Tower Corporation $AMT stock: Lmcg Investments LLC raises holdings. October 22, 2026 Key points. * Lmcg Investments increased its American Tower stake by 26% in the third quarter, bringing its holdings to 59,837 shares valued at approximately $9.8 million. Institutional investors and hedge funds collectively own 92.69% of AMT. * American Tower reported quarterly earnings of $2.71 per share, beating analyst expectations of $1.57, while revenue rose 4.6% year over year to $2.75 billion. The company also issued a $1.79 quarterly dividend, representing a 4.0% yield. * Wall Street maintains a positive view of the stock, with an overall "Moderate Buy" rating and an average price target of $214.90, compared with shares trading near $177.45. * Tracking American Tower through earnings season? MarketBeat All Access sends real-time alerts on ratings, earnings, and news - $149 a year, locked in for as long as you stay. Lmcg Investments LLC boosted its holdings in shares of American Tower Corporation (NYSE:AMT - Free Report) by 26.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,837 shares of the real estate investment trust's stock after buying an additional 12,337 shares during the quarter. Lmcg Investments LLC's holdings in American Tower were worth $9,795,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also bought and sold shares of AMT. BlackRock Inc. acquired a new stake in shares of American Tower in the second quarter worth $7,490,943,000. State Street Corp lifted its position in American Tower by 2.9% during the second quarter. State Street Corp now owns 22,066,202 shares of the real estate investment trust's stock valued at $3,647,491,000 after purchasing an additional 631,593 shares during the period. Lazard Asset Management LLC lifted its position in American Tower by 20.4% during the first quarter. Lazard Asset Management LLC now owns 7,325,943 shares of the real estate investment trust's stock valued at $1,264,311,000 after purchasing an additional 1,240,780 shares during the period. Deutsche Bank AG purchased a new stake in American Tower in the second quarter valued at $1,096,186,000. Finally, Legal & General Group Plc boosted its holdings in American Tower by 0.6% in the second quarter. Legal & General Group Plc now owns 4,853,850 shares of the real estate investment trust's stock valued at $793,944,000 after purchasing an additional 27,929 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds. American Tower price performance. Shares of American Tower stock opened at $177.45 on Thursday. The business has a 50 day simple moving average of $174.27 and a two-hundred day simple moving average of $175.58. American Tower Corporation has a 12 month low of $160.06 and a 12 month high of $196.08. The stock has a market capitalization of $82.69 billion, a P/E ratio of 24.41, a PEG ratio of 2.95 and a beta of 0.88. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. Discover more Shop Telecom Gear Hire Local Pros Compare Wireless American Tower (NYSE:AMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $1.57 by $1.14. American Tower had a return on equity of 32.76% and a net margin of 31.08%. The firm had revenue of $2.75 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the previous year, the business earned $2.60 earnings per share. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. As a group, analysts predict that American Tower Corporation will post 10.80 EPS for the current fiscal year. American Tower dividend announcement. The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Wednesday, September 30th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, September 30th. American Tower's payout ratio is 98.49%. Insider transactions at American Tower. In other American Tower news, Director Rajesh Kalathur bought 2,829 shares of the company's stock in a transaction dated Friday, August 21st. The stock was acquired at an average price of $177.00 per share, with a total value of $500,733.00. Following the completion of the acquisition, the director directly owned 7,765 shares of the company's stock, valued at $1,374,405. This represents a 57.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ruth Dowling sold 1,106 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total transaction of $193,505.76. Following the completion of the sale, the executive vice president owned 27,711 shares of the company's stock, valued at $4,848,316.56. This trade represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,791 shares of company stock valued at $1,204,091 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders. Wall Street analysts forecast growth. Several brokerages have weighed in on AMT. Sanford C. Bernstein cut their price target on American Tower from $214.00 to $212.00 and set an "outperform" rating on the stock in a research report on Tuesday. Weiss Ratings cut American Tower from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. The Goldman Sachs Group set a $210.00 price objective on American Tower in a report on Tuesday, July 28th. BMO Capital Markets upped their target price on American Tower from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group dropped their target price on American Tower from $210.00 to $201.00 and set a "buy" rating on the stock in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, American Tower currently has an average rating of "Moderate Buy" and an average price target of $214.90. American Tower company profile. American Tower Corporation NYSE: AMT is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications. The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider American Tower, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Tower wasn't on the list. While American Tower currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation. Inside this report, you'll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America. Continue following MarketBeat