American Tower (AMT) Reports Q1 FFO of $2.12

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Go back to American Tower (AMT) Reports Q1 FFO of $2.12

American Tower Corporation Reports First Quarter 2020 Financial Results

April 29, 2020 7:00 AM EDT

CONSOLIDATED HIGHLIGHTS
First Quarter 2020

Total revenue increased 9.9% to $1,993 million Property revenue increased 10.5% to $1,973 million Net income increased 2.7% to $419 million Adjusted EBITDA increased 14.1% to $1,271 million Consolidated AFFO increased 5.3% to $907 million

 

BOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended March 31, 2020.

Tom Bartlett, American Towers Chief Executive Officer, stated, Despite the challenges posed by the COVID-19 pandemic, we delivered a solid first quarter, including U.S. Organic Tenant Billings Growth of 5.6%, consistent... More