American Tower Corporation ( (AMT) ) has released its Q1 earnings. Here is a breakdown of the information American Tower Corporation presented to its investors.
American Tower Corporation is a leading global real estate investment trust (REIT) that owns, operates, and develops multitenant communications real estate, including a vast portfolio of communication sites and data centers. The company is renowned for its expansive network of over 149,000 sites worldwide, providing critical infrastructure for wireless communication.
In its first quarter of 2025 financial results, American Tower Corporation reported a modest increase in total revenue by 2.0% to $2,563 million, while net income saw a significant decline of 45.9% to $499 million, primarily due to foreign currency losses. Despite these challenges, the company achieved an adjusted EBITDA growth of 1.9% to $1,744 million, reflecting stable operational performance.
Key financial highlights include a slight increase in total property revenue by 0.2% to $2,488 million and a decrease in AFFO attributable to common stockholders by 1.0% to $1,290 million. However, when adjusted, AFFO showed a 7.1% increase, indicating strong underlying cash flow generation. The company also reported an 8.3% rise in free cash flow, supported by disciplined capital expenditures and strategic acquisitions, including 242 communication sites and a data center facility in Denver.
Looking forward, American Tower Corporation remains focused on enhancing earnings quality through active portfolio management and operational efficiency. The management is optimistic about navigating macroeconomic uncertainties and continues to prioritize meeting customers’ connectivity needs, positioning the company for sustained profitability and value creation for shareholders in the long term.