American Tower today reported financial results for the quarter ended June 30, 2021, revealing that the company’s total revenue increased 20.2 percent to $2.299 billion.
Tom Bartlett, American Tower’s chief executive officer, stated “In Q2, secular growth trends in mobile continued to support meaningful carrier capital investment and wireless network technology advancements throughout our footprint. In addition to delivering double-digit growth in AFFO per share and 15 percent dividend growth, we added nearly 27,000 sites through our Telxius Towers acquisition in the quarter, augmenting American Tower’s position as a leading independent provider of communications real estate in Europe.
“Looking forward, we expect to leverage the competitive advantage provided by our scaled, diversified portfolio of more than 214,000 communications sites to drive sustainable long-term growth and attractive returns, capitalize on new opportunities associated with 5G and execute our vision of making wireless communication possible everywhere.”
American Tower, second quarter 2021:
Total revenue increased 20.2 percent to $2.299 billion
Property revenue increased 17.9 percent to $2.233 billion
Net income increased 66.8 percent to $748 million
Adjusted EBITDA increased 21.8 percent to $1.476 billion
Consolidated AFFO increased 18.7 percent to $1.097 billion
Source: American Tower