American Tower Corp. (AMT) reported that its first-quarter net income attributable to company decreased to $171.41 million or $0.43 per share, from $221.31 million or $0.56 per share last year. Adjusted funds from operations per Share was $0.90 compared to $0.82 prior year.
Total operating revenues increased to $802.73 million from $696.52 million last year. Total rental and management revenue increased 13.7% to $777.4 million. Total rental and management revenue core growth was approximately 20.3%.
On average, 18 analysts polled by Thomson Reuters expected the company to report profit of $0.48 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $791.89 million for the quarter.
The company expects to reports total rental and management revenue in the range of $3.16 billion to $3.21 billion, adjusted funds from operations in the range of $1.42 billion to $1.47 billion, and net income in the range of $765 million to $840 million for fiscal 2013.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.