American Tower earnings for the third quarter of 2026 showed revenue rising 2.5% year over year to $2.785 billion, while net income fell 14.4% to $781 million. The communications infrastructure owner also raised its full-year property revenue outlook.
Key Takeaways
- Property revenue rose 4.5%, supported by tenant growth and higher data center cash revenue.
- Unrealized losses on equity investments were the predominant factor in the net income decline.
- The company raised its 2026 property revenue forecast to $10.785 billion–$10.865 billion.
American Tower earnings reflect mixed profit trends
American Tower reported net income per share of $1.64 for the quarter, in results released on October 27, 2026. Adjusted EBITDA rose 0.9% to $1.832 billion, with a margin of 65.8%.
Adjusted funds from operations, or AFFO, attributable to common stockholders increased 2.4% to $1.335 billion. AFFO per share rose 3.2% to $2.87. The adjusted measure grew even as reported net income declined.
| Item | Details |
|---|---|
| Total revenue | Q3 2026: $2.785 billion, up 2.5% year over year |
| Net income | Q3 2026: $781 million, down 14.4% year over year |
| Adjusted EBITDA | Q3 2026: $1.832 billion, up 0.9% year over year |
| AFFO attributable to common stockholders | Q3 2026: $1.335 billion, up 2.4% year over year |
Property revenue supports higher outlook
The company’s 4.5% property revenue growth reflected organic tenant growth and a 16.3% increase in cash revenue in its data centers segment. American Tower operates communications towers and related data centers and leases antenna space to carriers.
For the full year, management raised its property revenue outlook to between $10.785 billion and $10.865 billion, representing approximately 5.0% growth. The range is a forecast, not a completed result. CEO Steve Vondran said it was the third increase to the company’s full-year outlook that year.
Buybacks and leverage
American Tower allocated $315 million to share repurchases, and its board authorized another $2 billion for future buybacks. An authorization does not mean those purchases have been completed.
The company’s net leverage ratio was 4.9 times as of September 30, 2026. Its dividend per share increased 5.3% year over year to $1.79.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
Comments
Be respectful. No spam, impersonation or private credentials. Ordinary posts and comments appear immediately; suspicious links are held for review.
Please wait…