Double-Digit Growth in Adjusted AFFO per Share
American Tower reported double-digit growth in attributable AFFO per share as adjusted, with expectations of approximately 7% growth for the year.
Services Revenue Near Record Levels
Leasing activity remained robust, complemented by near-record services revenue, which is a positive indicator for future deployments.
Strong Data Center Performance
CoreSite signed record retail new leasing revenue, with double-digit growth driven by hybrid cloud and AI-related demand.
Increased Guidance for 2025
American Tower raised its full-year outlook across property revenue, adjusted EBITDA, attributable AFFO, and AFFO per share.
Strong Balance Sheet and Share Repurchases
Net leverage is below 5x, providing financial flexibility, and $28 million of shares were repurchased since quarter-end.