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Guidance history, every release

American Tower (AMT) · 8 releases, Oct 29, 2024 to Jul 28, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Oct 29, 2024 FY24 Q3	Feb 25, 2025 FY24 Q4	Apr 29, 2025 FY25 Q1	Jul 29, 2025 FY25 Q2	Oct 28, 2025 FY25 Q3	Feb 24, 2026 FY25 Q4	Apr 28, 2026 FY26 Q1	Jul 28, 2026 FY26 Q2
For FY2026
Africa & APAC property revenue	—	—	—	—	—	New“$1,535 million to $1,555 million”	Raised“$1,595 million to $1,615 million”	Raised“$1,620 million to $1,640 million”
Africa & APAC property revenue midpoint growth rate	—	—	—	—	—	—	New“12.8%”	Raised“14.6%”
Data Centers segment property revenue	—	—	—	—	—	New“$1,175 million to $1,195 million”	Reiterated“$1,175 million to $1,195 million”	Raised“$1,200 million to $1,220 million”
Data Centers segment property revenue midpoint growth rate	—	—	—	—	—	—	New“12.5%”	Raised“14.9%”
Europe property revenue	—	—	—	—	—	New“$1,025 million to $1,055 million”	Reiterated“$1,025 million to $1,055 million”	Reiterated“$1,025 million to $1,055 million”
Europe property revenue midpoint growth rate	—	—	—	—	—	—	New“10.9%”	Reiterated“10.9%”
International pass-through revenue (Africa & APAC Property)	—	—	—	—	—	New“$382”	Raised“$403”	Raised“$478”
International pass-through revenue (Europe Property)	—	—	—	—	—	New“$213”	Lowered“$212”	Raised“$230”
International pass-through revenue (Latin America Property)	—	—	—	—	—	New“$485”	Raised“$497”	Raised“$516”
International pass-through revenue (Total Property)	—	—	—	—	—	New“$1,080”	Raised“$1,112”	Raised“$1,224”
Latin America property revenue	—	—	—	—	—	New“$1,645 million to $1,665 million”	Raised“$1,730 million to $1,750 million”	Raised“$1,790 million to $1,810 million”
Latin America property revenue midpoint growth rate	—	—	—	—	—	—	New“5.9%”	Raised“9.6%”
Straight-line revenue (Africa & APAC Property)	—	—	—	—	—	New“67”	Raised“70”	Lowered“33”
Straight-line revenue (Data Centers Property)	—	—	—	—	—	New“18”	Reiterated“18”	Raised“19”
Straight-line revenue (Europe Property)	—	—	—	—	—	New“3”	Reiterated“3”	—
Straight-line revenue (Latin America Property)	—	—	—	—	—	New“(34)”	Raised“6”	Lowered“3”
Straight-line revenue (Total Property)	—	—	—	—	—	New“(70)”	Raised“(27)”	Lowered“(66)”
Straight-line revenue (U.S. & Canada Property)	—	—	—	—	—	New“(124)”	Reiterated“(124)”	Reiterated“(124)”
Total property revenue	—	—	—	—	—	New“$10,440 to $10,590”	Raised“$10,585 to $10,735”	Raised“$10,695 to $10,845”
Total property revenue growth rate vs. prior year	—	—	—	—	—	—	New“3.4%”	Raised“4.5 %”
U.S. & Canada segment property revenue	—	—	—	—	—	New“$5,060 million to $5,120 million”	Reiterated“$5,060 million to $5,120 million”	Reiterated“$5,060 million to $5,120 million”
U.S. & Canada segment property revenue midpoint growth rate	—	—	—	—	—	—	New“(3.0)%”	Reiterated“(3.0)%”
Adjusted EBITDA	—	—	—	—	—	New“7,090 to 7,160”	Raised“7,195 to 7,265”	Raised“7,240 to 7,310”
Adjusted EBITDA growth rate vs. prior year	—	—	—	—	—	—	New“1.4%”	Raised“2.0 %”
Net income	—	—	—	—	—	New“2,945 to 3,025”	Raised“3,015 to 3,095”	Raised“3,270 to 3,350”
Net income attributable to AMT common stockholders	—	—	—	—	—	New“2,980 to 3,060”	Lowered“2,965 to 3,045”	Raised“3,200 to 3,280”
Net income attributable to AMT common stockholders growth rate vs. prior year	—	—	—	—	—	—	New“18.8%”	Raised“28.1 %”
Net income growth rate vs. prior year	—	—	—	—	—	—	New“16.2%”	Raised“25.9 %”
AFFO attributable to AMT common stockholders	—	—	—	—	—	New“5,035 to 5,115”	Raised“5,090 to 5,170”	Raised“5,135 to 5,215”
AFFO attributable to AMT common stockholders growth rate vs. prior year	—	—	—	—	—	—	New“1.8%”	Raised“2.7 %”
AFFO attributable to AMT common stockholders per Share	—	—	—	—	—	New“$10.78 to $10.95”	Raised“$10.90 to $11.07”	Raised“$11.00 to $11.17”
AFFO attributable to AMT common stockholders per Share growth rate vs. prior year	—	—	—	—	—	—	New“2.1%”	Raised“3.0 %”
Capital improvement	—	—	—	—	—	New“160 to 170”	Raised“165 to 175”	Raised“170 to 180”
Construction of communications sites (discretionary capital projects)	—	—	—	—	—	New“1,700 to 2,300 communications sites globally”	—	—
Construction of communications sites (included in discretionary capital projects)	—	—	—	—	—	—	—	New“1,700 to 2,300 communications sites globally”
Construction of communications sites (within Discretionary capital projects)	—	—	—	—	—	—	New“1,700 to 2,300”	—
Corporate	—	—	—	—	—	New“15 – 15”	Reiterated“15 – 15”	Reiterated“15 – 15”
Data Centers segment development spend	—	—	—	—	—	New“$695 million”	—	—
Data Centers segment development spend (included in discretionary capital projects)	—	—	—	—	—	—	—	New“$695 million”
Data Centers segment development spend (within Discretionary capital projects)	—	—	—	—	—	—	New“$695 million”	—
Discretionary capital projects	—	—	—	—	—	New“$1,050 to $1,080”	Reiterated“$1,050 to $1,080”	Reiterated“$1,050 to $1,080”
Distributions per share	—	—	—	—	—	—	New“$1.79”	—
Divided by weighted average diluted shares outstanding (in thousands)	—	—	—	—	—	New“467,000 – 467,000”	—	—
Ground lease purchases	—	—	—	—	—	New“200 to 220”	Reiterated“200 to 220”	Reiterated“200 to 220”
New Site Tenant Billings (Africa & APAC Property)	—	—	—	—	—	New“~3.5%”	Reiterated“~3.5%”	—
New Site Tenant Billings (Europe Property)	—	—	—	—	—	New“~9%”	Reiterated“~9%”	—
New Site Tenant Billings (Latin America Property)	—	—	—	—	—	New“~0%”	Reiterated“~0%”	—
New Site Tenant Billings (Total Property)	—	—	—	—	—	New“~1%”	Reiterated“~1%”	—
New Site Tenant Billings Growth - Africa & APAC Property	—	—	—	—	—	—	—	New“~3.5%”
New Site Tenant Billings Growth - Europe Property	—	—	—	—	—	—	—	New“~6%”
New Site Tenant Billings Growth - Latin America Property	—	—	—	—	—	—	—	New“~0%”
New Site Tenant Billings Growth - Total Property	—	—	—	—	—	—	—	New“~1%”
Organic Tenant Billings (Africa & APAC Property)	—	—	—	—	—	New“~8.5%”	Reiterated“~8.5%”	—
Organic Tenant Billings (Europe Property)	—	—	—	—	—	New“~4%”	Reiterated“~4%”	—
Organic Tenant Billings Growth - Africa & APAC Property	—	—	—	—	—	—	—	New“~8.5%”
Organic Tenant Billings Growth - Europe Property	—	—	—	—	—	—	—	New“~4%”
Organic Tenant Billings Growth - Latin America Property	—	—	—	—	—	—	—	New“(~3%)”
Organic Tenant Billings Growth - U.S. & Canada Property	—	—	—	—	—	—	—	New“~0.5%”
Redevelopment	—	—	—	—	—	New“335 to 365”	Reiterated“335 to 365”	Reiterated“335 to 365”
Start-up capital projects	—	—	—	—	—	New“35 to 55”	Reiterated“35 to 55”	Reiterated“35 to 55”
Total capital expenditures	—	—	—	—	—	New“$ 1,795 to $ 1,905”	Raised“$1,800 to $1,910”	—
Total capital expenditures outlook	—	—	—	—	—	—	—	New“$ 1,805 to $ 1,915”
Total Tenant Billings Growth (Africa & APAC Property)	—	—	—	—	—	New“~12%”	Reiterated“~12%”	Reiterated“~12%”
Total Tenant Billings Growth (Europe Property)	—	—	—	—	—	New“~13%”	Reiterated“~13%”	Lowered“~10%”
Total Tenant Billings Growth (Latin America Property)	—	—	—	—	—	New“(~3%)”	Reiterated“(~3%)”	—
Total Tenant Billings Growth (Total Property)	—	—	—	—	—	New“~2%”	Reiterated“~2%”	Reiterated“~2%”
Total Tenant Billings Growth (U.S. & Canada Property)	—	—	—	—	—	New“~0.5%”	Reiterated“~0.5%”	—
For FY2025
Data Centers segment property revenue	—	New“$1,025 million to $1,045 million”	Reiterated“$1,025 million to $1,045 million”	Raised“$1,035 million to $1,055 million”	—	—	—	—
Data Centers segment property revenue (component of full year property revenue outlook)	—	—	—	—	New“$1,040 million to $1,050 million”	—	—	—
Data Centers segment property revenue midpoint growth rate	—	—	—	—	New“13.0%”	—	—	—
Increase to full year 2025 outlook midpoint - property revenue	—	—	—	—	New“$40 million”	—	—	—
International pass-through revenue (International Property)	—	New“$1,020”	Raised“$1,034”	Raised“$1,061”	Raised“$1,080”	—	—	—
International property revenue	—	New“$3,705 million to $3,775 million”	Raised“$3,755 million to $3,825 million”	Raised“$3,900 million to $3,970 million”	—	—	—	—
International property revenue (component of full year property revenue outlook)	—	—	—	—	New“$3,940 million to $4,000 million”	—	—	—
International property revenue midpoint growth rate	—	—	—	—	New“5.6%”	—	—	—
Straight-line revenue - International Property	—	New“24”	Lowered“23”	—	—	—	—	—
Straight-line revenue (Data Centers Property)	—	—	—	New“7”	Reiterated“7”	—	—	—
Straight-line revenue (Total Property)	—	New“62”	Lowered“61”	Raised“87”	Reiterated“87”	—	—	—
Straight-line revenue (U.S. & Canada Property)	—	New“28”	Reiterated“28”	Raised“48”	Reiterated“48”	—	—	—
Total property revenue	—	New“$9,920 to $10,070”	Raised“$9,970 to $10,120”	Raised“$10,135 to $10,285”	Raised“$10,210 to $10,290”	—	—	—
Total property revenue midpoint growth rate vs. prior year	—	—	—	—	New“3.2%”	—	—	—
U.S. & Canada segment property revenue	—	New“$5,190 million to $5,250 million”	Reiterated“$5,190 million to $5,250 million”	Raised“$5,200 million to $5,260 million”	—	—	—	—
U.S. & Canada segment property revenue (component of full year property revenue outlook)	—	—	—	—	New“$5,230 million to $5,240 million”	—	—	—
U.S. & Canada segment property revenue midpoint growth rate	—	—	—	—	New“(0.2)%”	—	—	—
Adjusted EBITDA	—	New“6,855 to 6,925”	Raised“6,885 to 6,955”	Raised“7,005 to 7,075”	Raised“7,058 to 7,113”	—	—	—
Adjusted EBITDA midpoint growth rate vs. prior year	—	—	—	—	New“4.0%”	—	—	—
Increase to full year 2025 outlook midpoint - Adjusted EBITDA	—	—	—	—	New“$45 million”	—	—	—
Increase to full year 2025 outlook midpoint - net income	—	—	—	—	New“$95 million”	—	—	—
Increase to full year 2025 outlook midpoint - net income attributable to AMT common stockholders	—	—	—	—	New“$40 million”	—	—	—
Net income	—	New“2,930 to 3,020”	Lowered“2,740 to 2,840”	Lowered“2,340 to 2,440”	Raised“2,458 to 2,513”	—	—	—
Net income attributable to AMT common stockholders	—	New“2,960 to 3,050”	Lowered“2,775 to 2,875”	Lowered“2,300 to 2,400”	Raised“2,363 to 2,418”	—	—	—
Net income attributable to AMT common stockholders midpoint growth rate vs. prior year	—	—	—	—	New“6.0%”	—	—	—
Net income midpoint growth rate vs. prior year	—	—	—	—	New“9.0%”	—	—	—
AFFO attributable to AMT common stockholders	—	New“4,830 to 4,920”	Raised“4,850 to 4,940”	Raised“4,905 to 4,995”	Raised“4,973 to 5,028”	—	—	—
AFFO attributable to AMT common stockholders midpoint growth rate vs. prior year	—	—	—	—	New“1.3%”	—	—	—
AFFO attributable to AMT common stockholders midpoint growth rate vs. prior year, as adjusted	—	—	—	—	New“7.3%”	—	—	—
AFFO attributable to AMT common stockholders per Share	—	New“$10.31 to $10.50”	Raised“$10.35 to $10.54”	Raised“$10.46 to $10.65”	Raised“$10.60 to $10.72”	—	—	—
AFFO attributable to AMT common stockholders per Share midpoint growth rate vs. prior year	—	—	—	—	New“1.1%”	—	—	—
AFFO attributable to AMT common stockholders per Share midpoint growth rate vs. prior year, as adjusted	—	—	—	—	New“7.0%”	—	—	—
Capital improvement	—	New“145 to 155”	Reiterated“145 to 155”	Raised“155 to 165”	Raised“160 to 170”	—	—	—
Construction of communications sites (Discretionary capital projects)	—	New“1,950 to 2,550”	—	Lowered“1,850 to 2,450 communications sites globally”	—	—	—	—
Construction of communications sites (within discretionary capital projects)	—	—	New“1,950 to 2,550”	—	Lowered“1,850 to 2,450 communications sites globally”	—	—	—
Corporate	—	New“10 — 10”	Reiterated“10”	—	Reiterated“10 – 10”	—	—	—
Corporate (capital expenditures)	—	—	New“10 — 10”	Reiterated“10 — 10”	—	—	—	—
Data Centers segment development spend	—	New“$610 million”	—	—	—	—	—	—
Data Centers segment development spend (within Discretionary capital projects)	—	—	New“$610 million”	Lowered“$600 million”	Reiterated“$600 million”	—	—	—
Discretionary capital projects	—	New“$880 to $910”	Reiterated“$880 to $910”	Lowered“$865 to $895”	Reiterated“$865 to $895”	—	—	—
Ground lease purchases	—	New“190 to 210”	Reiterated“190 to 210”	Raised“200 to 220”	Reiterated“200 to 220”	—	—	—
Increase to full year 2025 outlook midpoint - AFFO attributable to AMT common stockholders	—	—	—	—	New“$50 million”	—	—	—
Increase to full year 2025 outlook midpoint - AFFO attributable to AMT common stockholders per Share	—	—	—	—	New“$0.10”	—	—	—
New Site Tenant Billings - International Property	—	New“~1%”	Reiterated“~1%”	Reiterated“~1%”	—	—	—	—
New Site Tenant Billings - Total Property	—	New“~0.5%”	Reiterated“~0.5%”	Reiterated“~0.5%”	—	—	—	—
New Site Tenant Billings - U.S. & Canada Property	—	New“~0%”	Reiterated“~0%”	Reiterated“~0%”	—	—	—	—
New Site Tenant Billings growth (International Property)	—	—	—	—	New“~1%”	—	—	—
New Site Tenant Billings growth (Total Property)	—	—	—	—	New“~0.5%”	—	—	—
New Site Tenant Billings growth (U.S. & Canada Property)	—	—	—	—	New“~0%”	—	—	—
Organic Tenant Billings - International Property	—	New“~6%”	Reiterated“~6%”	Reiterated“>6%”	—	—	—	—
Organic Tenant Billings - Total Property	—	New“~5%”	Reiterated“~5%”	Reiterated“~5%”	—	—	—	—
Organic Tenant Billings growth (International Property)	—	—	—	—	New“>6%”	—	—	—
Organic Tenant Billings growth (Total Property)	—	—	—	—	New“~5%”	—	—	—
Organic Tenant Billings growth (U.S. & Canada Property)	—	—	—	—	New“~4.3%”	—	—	—
Redevelopment	—	New“360 to 390”	Reiterated“360 to 390”	Lowered“320 to 350”	Reiterated“320 to 350”	—	—	—
Start-up capital projects	—	New“50 to 70”	Reiterated“50 to 70”	Raised“65 to 85”	Reiterated“65 to 85”	—	—	—
Total (Capital Expenditures)	—	New“$1,635 to $1,745”	Reiterated“$1,635 to $1,745”	—	Lowered“$1,620 to $1,730”	—	—	—
Total capital expenditures outlook	—	—	—	New“$1,615 to $1,725”	—	—	—	—
Total Tenant Billings Growth - U.S. & Canada Property	—	New“≥4.3%”	Reiterated“≥4.3%”	Reiterated“~4.3%”	—	—	—	—
Total Tenant Billings Growth (International Property)	—	New“~7%”	Reiterated“~7%”	Reiterated“>7%”	Reiterated“>7%”	—	—	—
Total Tenant Billings Growth (Total Property)	—	New“~5.5%”	Reiterated“~5.5%”	Reiterated“~5.5%”	Reiterated“~5.5%”	—	—	—
For FY2024
Data Centers segment property revenue (component of full year 2024 total property revenue outlook)	New“$920 million to $930 million”	—	—	—	—	—	—	—
International pass-through revenue - International Property	New“$1,027”	—	—	—	—	—	—	—
International property revenue (component of full year 2024 total property revenue outlook)	New“$3,725 million to $3,795 million”	—	—	—	—	—	—	—
Straight-line revenue - International Property	New“33”	—	—	—	—	—	—	—
Straight-line revenue - Total Property	New“275”	—	—	—	—	—	—	—
Straight-line revenue - U.S. & Canada Property	New“232”	—	—	—	—	—	—	—
Total property revenue	New“$9,890 to $9,980”	—	—	—	—	—	—	—
U.S. & Canada segment property revenue (component of full year 2024 total property revenue outlook)	New“$5,245 million to $5,255 million”	—	—	—	—	—	—	—
Adjusted EBITDA	New“6,770 to 6,850”	—	—	—	—	—	—	—
Net income	New“1,992 to 2,072”	—	—	—	—	—	—	—
Net income attributable to AMT common stockholders	New“1,952 to 2,032”	—	—	—	—	—	—	—
AFFO attributable to AMT common stockholders	New“4,890 to 4,970”	—	—	—	—	—	—	—
AFFO attributable to AMT common stockholders per Share	New“$10.45 to $10.62”	—	—	—	—	—	—	—
AFFO attributable to AMT common stockholders per Share, as adjusted	New“$9.86 to $10.03”	—	—	—	—	—	—	—
AFFO attributable to AMT common stockholders, as adjusted	New“4,616 to 4,696”	—	—	—	—	—	—	—
Capital improvement	New“155 to 165”	—	—	—	—	—	—	—
Corporate	New“10”	—	—	—	—	—	—	—
Corporate (capital expenditures)	New“10 — 10”	—	—	—	—	—	—	—
Discretionary capital projects	New“$780 to $810”	—	—	—	—	—	—	—
Discretionary capital projects - construction of communications sites	New“construction of 1,800 to 2,600 communications sites globally”	—	—	—	—	—	—	—
Discretionary capital projects - Data Centers segment development spend	New“$480 million of development spend in the Company’s Data Centers segment”	—	—	—	—	—	—	—
Ground lease purchases	New“125 to 145”	—	—	—	—	—	—	—
New Site Tenant Billings - International Property	New“>2%”	—	—	—	—	—	—	—
New Site Tenant Billings - Total Property	New“~1%”	—	—	—	—	—	—	—
New Site Tenant Billings - U.S. & Canada Property	New“~0%”	—	—	—	—	—	—	—
Organic Tenant Billings - International Property	New“~6%”	—	—	—	—	—	—	—
Organic Tenant Billings - Total Property	New“~5%”	—	—	—	—	—	—	—
Redevelopment	New“365 to 395”	—	—	—	—	—	—	—
Start-up capital projects	New“65 to 85”	—	—	—	—	—	—	—
Total (Capital Expenditures)	New“$1,500 to $1,610”	—	—	—	—	—	—	—
Total Tenant Billings Growth - International Property	New“>8%”	—	—	—	—	—	—	—
Total Tenant Billings Growth - Total Property	New“~6%”	—	—	—	—	—	—	—
Total Tenant Billings Growth - U.S. & Canada Property	New“~4.7%”	—	—	—	—	—	—	—
For FY2017
Remaining amount under the Company's 2017 buyback program	—	—	—	—	New“approximately $2.0 billion”	—	—	—
No period stated
Remaining amount under its buyback program	—	—	—	—	—	New“approximately $1.6 billion”	—	—
Remaining share repurchase authorization	—	—	—	—	—	New“approximately $1.6 billion”	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.