American Tower revenues rise 27.5% in Q2

Thursday 31 July 2014 | 11:02 CET | News
American Tower's second-quarter revenue rose 27.5 percent year-over-year to USD 1.031 billion. Total rental and management revenue core growth was approximately 32.9 percent, or 13.6 percent on an organic basis. The rental and management gross margin grew 25.3 percent to USD 746 million, or 74 percent of revenue. Adjusted EBITDA rose 30.2 percent to USD 682 million, and Adjusted Funds From Operations (AFFO) increased 29.4 percent to USD 474 million. AFFO per share increased 29.3 percent to USD 1.19 and core growth in AFFO was approximately 31.4 percent. Net income grew 130.5 percent to USD

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Categories: Mobile & Wireless
Companies: American Tower
Countries: United States
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