American Tower Reports AFFO Miss, Revenue Slightly Better
<p><a href='https://financialmodelingprep.com/financial-summary/AMT'>American Tower (NYSE:AMT) </a>reported its Q4 results, with an AFFO of $2.10 missing the consensus, while revenue of $2.45 billion came in slightly better than the consensus estimate of $2.41 billion.</p>
<p>Analysts at Oppenheimer view Q4 as a relatively weak quarter, all due to major Sprint churn. Normalized organic revenue growth declined 270bps year-over-year to 1.7%. AFFO per share guide was 4%, significantly below the 10% target. </p>
<p>The company will now include a new Data Center revenue segment as a result of its CoreSite acquisition, which closed in Q4/21.</p>

NYSE:AMT