Boston, Massachusetts-based American Tower Corporation (AMT)is a leading independent REIT that owns, operates, and develops multitenant communications real estate with a portfolio of nearly 149,000 communications sites and a highly interconnected footprint of U.S. data center facilities. With a market cap of $99.7 billion, the company leases antennae sites on multi-tenant towers for a diverse range of wireless communications industries, including personal communications services, paging, and cellular. The leading REIT is expected to announce its fiscal first-quarter earnings for 2025 before the market opens on Tuesday, Apr. 29.
Ahead of the event, analysts expect AMT to report an FFO of $2.49 per share on a diluted basis, down 10.8% from $2.79 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s FFO estimates in its last four quarterly reports.
