American Tower Corp (NYSE: AMT) reported fourth-quarter FY22 income development of 10.6% year-on-year to $2.705 billion Thursday, beating the consensus estimate of $2.68 billion.
Property income elevated 11.2% Y/Y to $2.645 billion.
Tenant Billings grew by 5.7%, and Natural Tenant Billings elevated by 4.7%.
AFFO per share attributable was $2.34, up by 11.4% Y/Y.
The corporate generated $519 million in free money move. It held $2 billion in money and equivalents.
CEO Tom Bartlett acknowledged, “We closed out 2022 with one other quarter of robust efficiency, together with double digit AFFO per Share and customary inventory dividend development. All year long, we noticed compelling natural leasing tendencies, accelerated new web site building and achieved a file yr of signed new enterprise inside our CoreSite enterprise.
FY23 Outlook: American Tower sees property income of $10.685 billion-$10.865 billion.
It sees AFFO per share of $9.49-$9.72 (consensus $10.58).
AMT Worth Motion: AMT shares closed decrease by 2.57% at $199.40 on Wednesday.
Picture from Pixabay.
