American Tower Posts Q2 Revenue Beat
American Tower (NYSE:AMT), a leading global real estate investment trust (REIT) focused on communications infrastructure, released its second-quarter 2025 results on July 29, 2025. The highlights were a significant beat on non-GAAP EPS at $2.60 per share versus analyst estimates of $1.67, and GAAP revenue of $2,627 million (up 3.2%), also ahead of expectations. Although the company posted healthy increases in operating revenues and property growth, net income (GAAP) fell 58.1% to $381 million, largely due to foreign currency (FX) losses. Overall, the quarter showed stable property operations, robust U.S. and data center business, and an improved outlook for core metrics, yet currency headwinds and challenges in some international regions pressed headline profits.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
American Tower operates, acquires, and develops communications real estate, such as cell towers and data centers, in the U.S. and internationally. Its main business is leasing space on communications sites to wireless service providers and enterprises. This property operations segment consistently contributes about 98% of revenue for 2022, 2023, and 2024, anchored in long-term contracts with built-in rent escalators and high renewal rates.
Source Fool.com
