Earnings season follows a predictable rhythm. Investors have now heard from many companies fueling the artificial intelligence (AI) revolution.
The market has over-reacted to AMT's FQ2'25 AFFO per share miss by $0.01, with the -6.5% correction post-earnings overly done. This is especially since the management has raised their FY2025 guidance, with it signaling improved international telecom and data center related growth prospects. With numerous market leaders already signaling the multi-year capex spending trends and data demand/ subscriber growth, AMT is likely to continue outperforming ahead.
AMT lifts 2025 guidance after Q2 revenues and AFFO top estimates, but shares slip 4% as foreign currency losses weigh on investor sentiment.
American Tower Corporation (NYSE:AMT ) Q2 2025 Earnings Conference Call July 29, 2025 8:30 AM ET Company Participants Kate Reeb - Corporate Participant Rodney M. Smith - Executive VP, CFO & Treasurer Steven O.
The headline numbers for American Tower (AMT) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Beyond analysts' top-and-bottom-line estimates for American Tower (AMT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2025.
AMT's Q2 results may show revenue and AFFO declines, but strength in services and data centers may have offered support.
Real estate, especially when structured through listed real estate investment trusts (REITs), is widely accepted as a liquid real asset. But the line starts to blur when asking whether REITs should be considered part of the broader infrastructure category. Some REITs absolutely have infrastructure-like characteristics, while others don't.
AMT stock rallies 19.3% YTD, fueled by 5G expansion, resilient leases and steady dividend hikes.
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AMT eyes 5G and AI-fueled data center growth, backed by long-term leases and a strong balance sheet.
AMT has stabilized after past volatility, with strong fundamentals and accelerating growth expected as it laps tough international comparables and benefits from 5G rollouts. Current valuation (23x FFO, 3% yield) reflects optimism, but I see it as fully valued, offering market-like returns rather than clear outperformance. The market is underestimating long-term risks from satellite internet (e.g., Starlink), which could threaten the relevance of tower assets over time.