American Tower (AMT) Tops Q1 FFO by 9c
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American Tower Corporation Reports First Quarter 2022 Financial Results
April 27, 2022 7:00 AM EDTCONSOLIDATED HIGHLIGHTSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
First Quarter 2022Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
Total revenue increased 23.2% to $2,660 million                          Property revenue increased 22.1% to $2,601 million                      Net income increased 7.7% to $703 million                                 Adjusted EBITDA increased 12.8% to $1,624 million                    Consolidated AFFO increased 7.0% to $1,202 million                    Net income attributable to AMT common stockholders increased 10.3% to $712 million AFFO attributable to AMT common stockholders increased 6.1% to $1,167 millionBOSTON--(BUSINESS WIRE)-- American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended March 31, 2022.
Tom Bartlett, American Towers Chief Executive Officer, stated, We're off to a strong start in 2022 with Organic Tenant Billings Growth accelerating sequentially in each of our reported segments. 5G is ramping up in the U.S. and Europe today, while 4G coverage and densification initiatives... More
