American Tower Corporation posted a 2% year-over-year revenue increase in Q1 2025, reaching $2.56 billion. Adjusted Funds From Operations (AFFO) per share stood at $2.75, slightly below last year’s $2.79, though Attributable AFFO per share rose 6.6% on an as-adjusted basis.
Services revenue hit its highest level since 2021, driven by expanded mid-band 5G deployments and early signs of new site demand in the U.S. The property segment, contributing 97% of total revenue, earned $2.49 billion, with AT&T, T-Mobile, and Verizon accounting for 86% of U.S. and Canada property revenue in 2024.
Q1 capital expenditures totaled $340 million, with over 75% of discretionary spending directed to developed markets. The company acquired 242 sites—145 in the U.S. and 97 in Europe—and added a multi-tenant data center in Denver.
American Tower also completed the $137.7 million sale of its South Africa fiber business, recognizing a $53.6 million gain.
Boosted by strong leasing trends and operational performance, the company raised its 2025 property revenue guidance to $9.97–$10.12 billion. Shares rose 2.5% following the results.
Source: TelecomLead.com News Desk
