American Tower Corporation reported its second-quarter 2025 financial results, with total operating revenues increasing 3.2% year-over-year to $2.627 billion. Total property revenue grew 1.2% to $2.527 billion, driven by continued demand for its global portfolio of telecommunications sites.
The company achieved an Adjusted EBITDA of $1.752 billion, up 1.8% year-over-year, and organic tenant billings growth of 4.7%. However, net income attributable to common stockholders decreased significantly by 59.3% to $367 million, or $0.78 per diluted share, primarily due to foreign currency losses.
Attributable AFFO per share, as adjusted, grew by 2.4% to $2.60. American Tower raised the midpoints of its full-year 2025 outlook for property revenue, Adjusted EBITDA, and attributable AFFO per share, citing estimated positive impacts of foreign currency exchange rate fluctuations and core outperformance. The company also completed the acquisition of a multi-tenant data center facility in Denver for $185 million and repaid several debt maturities totaling over $1.7 billion.
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