HighGravityDataAmerican Tower — Feb 24, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001053507-26-000032
Showing in the filing
Straight-line revenue (Europe Property)
“3”
Period
FY2026
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 44
Remaining amount under its buyback program
“approximately $1.6 billion”
Remaining share repurchase authorization
“approximately $1.6 billion”
Total property revenue for FY2026
“$10,440 to $10,590”
Net income for FY2026
“2,945 to 3,025”
Net income attributable to AMT common stockh… for FY2026
“2,980 to 3,060”
Adjusted EBITDA for FY2026
“7,090 to 7,160”
AFFO attributable to AMT common stockholders for FY2026
“5,035 to 5,115”
AFFO attributable to AMT common stockholders… for FY2026
“$10.78 to $10.95”
U.S. & Canada segment property revenue for FY2026
“$5,060 million to $5,120 million”
Latin America property revenue for FY2026
“$1,645 million to $1,665 million”
Africa & APAC property revenue for FY2026
“$1,535 million to $1,555 million”
Europe property revenue for FY2026
“$1,025 million to $1,055 million”
Data Centers segment property revenue for FY2026
“$1,175 million to $1,195 million”
International pass-through revenue (Latin Am… for FY2026
“$485”
International pass-through revenue (Africa &… for FY2026
“$382”
International pass-through revenue (Europe P… for FY2026
“$213”
International pass-through revenue (Total Pr… for FY2026
“$1,080”
Straight-line revenue (U.S. & Canada Property) for FY2026
“(124)”
Straight-line revenue (Latin America Property) for FY2026
“(34)”
Straight-line revenue (Total Property) for FY2026
“(70)”
Total Tenant Billings Growth (U.S. & Canada … for FY2026
“~0.5%”
Total Tenant Billings Growth (Latin America … for FY2026
“(~3%)”
Organic Tenant Billings (Africa & APAC Prope… for FY2026
“~8.5%”
Organic Tenant Billings (Europe Property) for FY2026
“~4%”
New Site Tenant Billings (Total Property) for FY2026
“~1%”
New Site Tenant Billings (Latin America Prop… for FY2026
“~0%”
New Site Tenant Billings (Africa & APAC Prop… for FY2026
“~3.5%”
New Site Tenant Billings (Europe Property) for FY2026
“~9%”
Total Tenant Billings Growth (Africa & APAC … for FY2026
“~12%”
Total Tenant Billings Growth (Europe Property) for FY2026
“~13%”
Total Tenant Billings Growth (Total Property) for FY2026
“~2%”
Discretionary capital projects for FY2026
“$1,050 to $1,080”
Ground lease purchases for FY2026
“200 to 220”
Start-up capital projects for FY2026
“35 to 55”
Redevelopment for FY2026
“335 to 365”
Capital improvement for FY2026
“160 to 170”
Corporate for FY2026
“15 – 15”
Total capital expenditures for FY2026
“$ 1,795 to $ 1,905”
Construction of communications sites (discre… for FY2026
“1,700 to 2,300 communications sites globally”
Data Centers segment development spend for FY2026
“$695 million”
Divided by weighted average diluted shares o… for FY2026
“467,000 – 467,000”
Straight-line revenue (Data Centers Property) for FY2026
“18”
Straight-line revenue (Europe Property) for FY2026
“3”
Straight-line revenue (Africa & APAC Property) for FY2026
“67”
Exhibit 99.1 · the passage around this item
… earlier in the release
& Canada Latin America Africa & APAC Europe Data Centers (1) Total Property Segment revenues $ 1,304 $ 421 $ 309 $ 214 $ 236 $ 2,484 $ 64 $ 2,548 Segment operating expenses 221 125 94 84 98 623 32 654 Segment Gross Margin $ 1,083 $ 296 $ 215 $ 131 $ 137 $ 1,861 $ 32 $ 1,893 Segment SG&A (2) 43 33 15 20 22 133 6 140 Segment Operating Profit $ 1,040 $ 263 $ 200 $ 111 $ 115 $ 1,728 $ 26 $ 1,754 Segment Operating Profit Margin 80 % 62 % 65 % 52 % 49 % 70 % 40 % 69 % Growth Metrics Revenue Growth 0.2 % (3.3) % 3.4 % 15.6 % 9.7 % 2.0 % 203.3 % 3.7 % Total Tenant Billings Growth 4.2 % 2.6 % 18.3 % 7.3 % N/A 5.7 % Organic Tenant Billings Growth 4.2 % 2.5 % 13.3 % 5.7 % N/A 5.0 % Revenue Components (3) Prior-Year Tenant Billings $ 1,163 $ 300 $ 197 $ 133 $ — $ 1,793 Colocations/Amendments 45 7 12 5 — 70 Escalations 35 12 16 4 — 67 Cancellations (28) (11) (3) (1) — (44) Other (3) (1) 2 (0) — (3) Organic Tenant Billings $ 1,212 $ 307 $ 223 $ 140 $ — $ 1,882 New Site Tenant Billings 0 0 10 2 — 12 Total Tenant Billings $ 1,212 $ 308 $ 233 $ 142 $ — $ 1,895 Foreign Currency Exchange Impact (4) (0) (35) (21) (1) — (56) Total Tenant Billings (Current Period) $ 1,212 $ 273 $ 212 $ 142 $ — $ 1,838 Straight-Line Revenue 43 (2) 14 2 1 58 Pre-paid Amortization Revenue 21 0 1 8 — 30 Other Revenue 28 47 (3) 7 235 314 International Pass-Through Revenue — 122 90 57 — 269 Foreign Currency Exchange Impact (5) 0 (20) (5) (0) — (26) Total Property Revenue (Current Period) $ 1,304 $ 421 $ 309 $ 214 $ 236 $ 2,484 _______________ (1) For additional details related to the Data Centers segment, please refer to the supplemental disclosure package available on the Company’s website. (2) Excludes stock-based compensation expense. (3) All components of revenue, except those labeled current period, have been translated at prior-period foreign currency exchange rates. (4) Reflects foreign currency exchange impact on all components of Total Tenant Billings. (5) Reflects foreign currency exchange impact on components of revenue, other than Total Tenant Billings. 14 UNAUDITED CONSOLIDATED RESULTS FROM OPERATIONS, BY SEGMENT (CONTINUED) ($ in millions, totals may not add due to rounding.) Twelve Months Ended December 31, 2025 Property Services Total U.S. & Canada Latin America Africa & APAC Europe Data Centers (1) Total Property Segment revenues $ 5,249 $ 1,643 $
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.