American Tower reports Q2 AFFO 2.60, consensus $2.60

Reports Q2 revenue $2.63B, consensus $2.59B. Steven Vondran, American Tower’s (AMT) CEO, stated, “Demand for our high-quality global portfolio of telecommunications sites continued into the second quarter. In the U.S., broad-based midband upgrades, paired with accelerating densification activity, supported one of the highest quarters of U.S. Services revenue contributions on record. Growing demand for AI-ready interconnection solutions fueled double-digit growth at CoreSite. While we continue to manage through certain customer events, particularly in Latin America, international activity remains steady, with a solid cash flow conversion enhanced through cost and capital discipline.”