Description
American Tower’s Hidden AI Infrastructure Opportunity: Data Center Revenue Jumps 16.3%!
American Tower Corporation reported its third quarter 2026 results with total revenue increasing by 2.5% to $2.785 billion, underpinned by a 4.5% rise in total property revenue. This growth was mainly driven by 1.1% organic tenant billings growth and a notable 16.3% increase in Data Centers cash revenue. Adjusted EBITDA saw a marginal increase of 0.9% to $1.832 billion, maintaining an adjusted EBITDA margin of approximately 65.8%. Despite these positive revenue trends, net income declined by 14.4% to $781 million, reflecting unrealized losses on equity investments amounting to $71.5 million compared to gains in the prior year. Net income attributable to common stockholders fell by 10.3% to $766 million, and diluted earnings per share declined by 9.9% to $1.64. Funds From Operations (FFO) attributable to common stockholders decreased by 7.7%, whereas Adjusted Funds From Operations (AFFO) rose by 2.4% to $1.335 billion, with AFFO per share growing 3.2% to $2.87.
