CLAIM #7004 · American Tower Corp (AMT) · 2025Q2 earnings call · Jul 29, 2025

“we expect that churn percentage to be below 100 basis points kind of going forward.”

Rodney Smith · CFO

How to check this claim

Look at: Churn percentage (as reported in tenant billings/organic growth commentary)

It came true if: Churn percentage < 100 basis points

Where: Company earnings call commentary or investor materials on organic tenant billings growth

Knowable after: 2026-07-29

In context

“other news in the market is concerning us at this point. Rodney M. Smith: Nick, if I could just add a -- or I'm sorry, Michael, I'll just add a couple of comments around the stability of the revenue growth expectations and particularly the organic growth. So it's a solid kind of steady mid-single-digit organic new business, let's call it in around 3.5% contribution to organic tenant billings growth comes from that new business. That's pretty consistent with where it was last year. I think across most of the markets there, we have CPI-linked escalators that add a little bit more to that, another 2.5% or so. And one of the other very important elements is that the churn percentage is historically pretty low and the way that our contracts work particularly with one of our largest customers, we expect that churn percentage to be below 100 basis points kind of going forward. It's been there for a couple of years since the acquisition. So you put all those things together and you get a very reliable and durable organic tenant billings growth in the mid-single digits, again, in a very high-quality market, high-quality economies, there with high-quality counterparties. So again, the acquisition that we did in Europe in our general Europe business is very steady, very solid and of a high quality. Operator: Our next question is from Eric Luebchow with Wells Fargo. Eric Thomas Luebchow: Rod, I think you talked about a 200% increase in colocations year-over-year. So I'm just curious what the mix is in your guide for this year, how that might trend after 2025? And then I wanted to touch on capital allocation as well. With leverage kind of around 5x now, how are you t”

Verify independently

SEC filings for AMT ↗ · Quote is verbatim from the 2025Q2 earnings call.