American Tower Corporation reported strong Q2 2024 results with total revenue increasing 4.6% to $2.9 billion and property revenue rising 4.6% to $2.853 billion. Net income surged 96.8% to $908 million, while Adjusted EBITDA grew 8.1% to $1.89 billion. AFFO attributable to common stockholders increased 13.5% to $1.306 billion.The company demonstrated robust operational performance with U.S. & Canada segment delivering over 5% Organic Tenant Billings Growth. Total Tenant Billings Growth reached 6.1%, driven by strong colocation demand and escalations. The Data Centers segment achieved its second-highest quarter of signed new business, contributing $231 million in revenue.Management raised the midpoints of key 2024 financial outlook metrics, reflecting positive collection trends in India and strong underlying demand. The company continues to execute its strategic priorities, including accelerating proceeds from the pending India sale and focusing discretionary investments on developed markets while optimizing margins across emerging markets.

American Tower Corporation reported strong Q2 2024 results with total revenue increasing 4.6% to $2.9 billion and property revenue rising 4.6% to $2.853 billion. Net income surged 96.8% to $908 million, while Adjusted EBITDA grew 8.1% to $1.89 billion. AFFO attributable to common stockholders increased 13.5% to $1.306 billion.The company demonstrated robust operational performance with U.S. & Canada segment delivering over 5% Organic Tenant Billings Growth. Total Tenant Billings Growth reached 6.1%, driven by strong colocation demand and escalations. The Data Centers segment achieved its second-highest quarter of signed new business, contributing $231 million in revenue.Management raised the midpoints of key 2024 financial outlook metrics, reflecting positive collection trends in India and strong underlying demand. The company continues to execute its strategic priorities, including accelerating proceeds from the pending India sale and focusing discretionary investments on developed markets while optimizing margins across emerging markets.