American Tower sees FY24 AFFO $10.48-$10.72, consensus $10.45

Sees FY24 revenue $11.1B-$11.28B, consensus $11.17B. Sees FY24 adjusted EBITDA $7.25B-$7.36B. The company said, “Furthermore, we continue to demonstrate our commitment to a disciplined approach to capital allocation. We’ve successfully accelerated certain proceeds associated with our pending sale of India ahead of our anticipated closing, and prudently managed our discretionary investments towards developed markets, while leveraging our global capabilities to maximize margins and profitability across our emerging markets footprint. We believe the successful execution of our strategic priorities, combined with the strong, durable secular trends underpinning our business, has American Tower positioned to deliver a best-in-class experience for our customers, and sustained growth with higher quality of earnings for our shareholders over the long-term.”