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American Tower (AMT) Reports Q1 AFFO and Revenue Above Estimates

2026-04-29 18:46:19

Abstract generation in progress

American Tower (NYSE:AMT) reported strong first-quarter results, with AFFO and revenue exceeding analyst expectations. The company also raised its full-year outlook, citing strong demand for digital infrastructure driven by mobile data usage, cloud adoption, and AI workloads. Mizuho upgraded American Tower to Outperform, noting that previous negatives appear priced in and highlighting improving tower fundamentals and an undervalued data center business.

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