American Tower reports Q2 AFFO $2.79, consensus $2.53

Reports Q2 revenue $2.9B, consensus $2.81B. Steven Vondran, American Tower’s Chief Executive Officer, stated, “The momentum from the start of the year extended into Q2, with core results highlighting the strong underlying demand for our portfolio of communications assets. Positive collection trends further accelerated in India, our U.S. & Canada segment delivered over 5% Organic Tenant Billings Growth and CoreSite achieved its second highest quarter of signed new business on record, all supporting over 13% Attributable AFFO per Share growth in the quarter, and our ability to raise the midpoints of the key financial measures in our updated 2024 outlook.”