American Tower (AMT) Q3 2026 Earnings Call: Guidance and Outlook
Management updated its full-year 2026 outlook, raising property revenue and attributable AFFO per share expectations while keeping adjusted EBITDA flat.
About American Tower. American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate.
No specific quarterly financial guidance figures were provided for the fourth quarter.
Annual guidance
Property revenue
Raised by $55 million at the midpoint, implying over 4% year-over-year growth excluding noncash straight-line revenue and FX.
Adjusted EBITDA
Held flat to prior outlook, implying over 2% growth year-over-year excluding noncash net straight-line and FX impacts.
Attributable AFFO per share
Raised by $0.02 per share, implying growth of over 3% year-over-year.
Outlook
U.S. and Canada organic growth
2026 represents a trough year for U.S. and Canada organic growth, with acceleration expected in 2027.
Data center growth
CoreSite data center revenue growth outlook was raised to approximately 16% year-over-year.
Services revenue
Services revenue is expected to reach approximately $220 million for the full year.
Capital allocation
Discretionary capital spending was reduced by approximately $40 million due to international tower development timing, with 85% directed toward developed markets.
Dombey's summary of the American Tower Q3 2026 earnings call held Oct 27, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.
