American Tower raises FY25 AFFO view to $10.60-$10.72 from $10.46-$10.65

Consensus $10.58. Narrows FY25 revenue view to $10.21B-$10.29B from $10.14B-$10.29B, consensus $10.5B. Sees FY25 adjusted EBITDA $7.06B-$7.11B. The company said, “The Company is raising the midpoints of its full year 2025 outlook for property revenue, Adjusted EBITDA, AFFO attributable to AMT common stockholders and AFFO attributable to AMT common stockholders per Share by $40 million, $45 million, $50 million and $0.10, respectively, primarily as a result of estimated positive foreign currency exchange rate fluctuations described above. The Company is increasing the midpoint for net income and net income attributable to AMT common stockholders by $95 million and $40 million, respectively, primarily due to unrealized foreign currency gains. The increase, driven by unrealized foreign currency gains, to net income attributable to AMT common stockholders is partially offset by increased minority interests as a result of a recent tax law change in Europe.”