Wireless and broadcast communications infrastructure company American Tower Corp (NYSE: AMT) reported fiscal second-quarter 2024 revenue growth of 4.6% year-on-year to $2.90 billion, beating the analyst consensus estimate of $2.82 billion.
AFFO per share attributable was $2.79, up 9.8% year over year and against the analyst consensus estimate of $2.53. The stock price gained after the print.
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Property revenue increased 4.6% Y/Y to $2.85 billion. Tenant Billings grew by 6.1%, and Organic Tenant Billings increased by 5.3%.
Adjusted EBITDA …