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American Tower Corporation 27/07/2023:

In the first half of 2023, the company experienced moderate growth in total and property revenue, with total revenue increasing 4.0% to $5,539 million and property revenue rising 4.4% to $5,444 million. However, the company faced challenges in terms of net income, which declined significantly by 55.2% in the first quarter and 48.2% in the second quarter, resulting in a total net income of $777 million for the first half. Despite the profit decline, adjusted EBITDA showed a positive trend, increasing by 8.6% in the first quarter and 4.7% in the second quarter, totaling $3,512 million for the half-year period. Similarly, the AFFO attributable to AMT common stockholders witnessed a slight overall increase of 1.5% in the first quarter but dipped 0.4% in the second quarter, leading to a total of $2,336 million for the first half of 2023. The company will likely need to address the challenges affecting net income to sustain its growth momentum in the coming quarters.

Date de publication :27/07/2023

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