American Tower Reports Q3 2026 Growth Driven by Data Center Demand and Global Leasing
American Tower Corporation (AMT) reported third-quarter 2026 results characterized by strong data center performance and global tower demand. Total revenue rose 2.5% to $2.785 billion, while property revenue grew 4.5% to $2.734 billion. A significant driver was the CoreSite data center segment, which saw cash revenue growth of 16.3% due to record leasing activity and increased pricing leverage. Despite headwinds in North America caused by approximately 400 basis points of churn related to DISH, international markets showed strength. Africa and APAC organic growth exceeded 8%, while Europe grew over 4%. To capitalize on high-growth opportunities, the company completed a $202 million divestiture of its Canadian portfolio and increased its stock repurchase authorization by $2 billion, bringing total remaining capacity to approximately $3.1 billion.
Tickers: $AMT
Topics: AFFO Data Center Expansion Divestiture Revenue Growth Share Repurchases