AMERICAN TOWER CORP /MA/ (AMT) Form 8-K — Oct 27, 2026
American Tower reported Q3 2026 revenue of $2,785 million, up 2.5%, with property revenue up 4.5% to $2,734 million on 1.1% organic tenant billings growth and 16.3% cash revenue growth in Data Centers. Net income fell 14.4% to $781 million, largely due to roughly $71.5 million of unrealized losses on equity investments, but AFFO per share rose 3.2% to $2.87 and Adjusted EBITDA edged up 0.9% to $1,832 million. Management raised its full-year 2026 property revenue midpoint by $55 million, the third guidance raise this year, and lifted the AFFO per share midpoint by $0.02 to $11.04-$11.16.
Key figures
- Eps
- 1.64
- Revenue
- 2785
- Guidance
- Raised FY2026 property revenue midpoint by $55M to $10,785M-$10,865M (5.0% growth); Adjusted EBITDA midpoint unchanged at $7,248M-$7,303M; AFFO per share midpoint raised $0.02 to $11.04-$11.16 (3.2% growth)
- Net Income
- 781
- Total Debt
- 37579
- Revenue Yoy
- 2.5%
- Q3 buybacks
- $315M (~1.8M shares)
- Affo per share
- $2.87 (+3.2%)
- Adjusted ebitda
- $1,832M (+0.9%)
- Total liquidity
- $10.6B
- Canada divestiture
- ~C$288M (~$202M), expected close Q4 2026
- Dividend per share
- $1.79 (+5.3% YoY)
- Net leverage ratio
- 4.9x
- Fy26 capex guidance
- $1,765M-$1,875M
- New buyback authorization
- $2.0B
- Organic tenant billings growth
- 1.1%
- Data centers cash revenue growth
- 16.3%
AI analysis
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