CLAIM #6856 · American Tower Corp (AMT) · 2024Q2 earnings call · Jul 30, 2024

“we have a portfolio of assets here that are performing very well operationally with the fundamentals that could deliver upper single-digit AFFO per share growth.”

Rod Smith · CFO

How to check this claim

Look at: AFFO per share growth rate, year-over-year (normalized, excluding ATC India sale impact per company commentary)

It came true if: AFFO per share growth between 7% and 9%

Where: Company quarterly earnings release / AFFO reconciliation and management commentary on subsequent earnings calls

Knowable after: 2026-07-30

In context

“certainly watch and pay a lot of attention to, some of these are not under our control, of course, interest rates could go up or down, that could be positive or negative from time-to-time. FX, same thing could go up, could go down, it could be positive, could be negative. And then in particular, very specifically, we have the ATC India sale, which we are very confident will close out during the second half of this year just like we previously guided. That will be slightly dilutive, maybe about $0.08 to $0.09 on a per quarter basis. So if we close it early in October, you might see $0.08 or $0.09 dilution from that. And then you'll see the follow-on kind of tail of that into next year. But absent interest rates or assuming interest rates are flat, FX is flat and eliminating the ATC India, we have a portfolio of assets here that are performing very well operationally with the fundamentals that could deliver upper single-digit AFFO per share growth. Batya Levi: That’s very helpful. Thank you. Rod Smith: Welcome. Adam Smith: All right. Thanks, everyone, for joining the call today. Please feel free to reach out to the Investor Relations team with any questions. Thanks again. Operator: Ladies and gentlemen, that does conclude your conference for today. Thank you for your participation and for using AT&T teleconference. You may now disconnect.”

Verify independently

SEC filings for AMT ↗ · Quote is verbatim from the 2024Q2 earnings call.