Robust Growth and Strategic Capital Allocation Highlight AMT's Quarter
American Tower (AMT) delivered FFO and revenue surprises of 9.41% and 1.12%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
BOSTON (AP) — American Tower Corp. (AMT) on Tuesday reported a key measure of profitability in its first quarter. The results surpassed Wall Street expectations. The Boston-based real estate investment trust said it had funds from operations of $1.3 billion, or $2.79 per share, in the period.