AMT · American Tower Q2 FY2026 earnings call record财报电话会记录

“Starting with revenue growth, this year, we remain on track to deliver approximately 4% organic tenant billings growth across our global tower business, excluding one-time DISH-related impacts, and we're raising our outlook to approximately 15% revenue growth from our data center business.”

“Mobile data usage continues to expand globally, supported by increases in smartphone penetration, 5G adoption, fixed wireless access, and a growing range of enterprise and consumer applications that rely on ubiquitous, high-quality connectivity.”

“What we're seeing is not simply an expansion of demand, but an evolution in how customers are architecting their digital infrastructure with CoreSite serving as the central hub.”

“These customers are moving beyond traditional colocation use cases, establishing private on-ramps that enable the direct transfer of massive data volumes between cloud and AI environments.”

“Over the past three years, we've expanded tower cash EBITDA margins by more than 300 basis points while leading the industry in profitability.”

“Consolidated property revenue grew over 5% year-over-year when excluding non-cash straight-line revenue and FX impacts.”

“4% normalized for the impact of one-time DISH churn and complemented by data center cash revenue growth of approximately 12%.”

“We are reiterating organic growth assumptions across all regions continue to expect organic tenant billings growth of approximately 1%, or approximately 4% when excluding DISH churn, and data center growth of approximately 15% year-over-year, which represents a significant acceleration versus our prior outlook of 13% growth.”

“Due to higher interest rates, we now expect our debt refinancings to be an approximately 150 basis point headwind to attributable AFFO per share growth this year, up from an approximately 100 basis point headwind in our prior outlook.”

“In addition, year to date, we have allocated over $230 million to acquisitions of towers and data center land and over $200 million to share repurchases.”

“Then we look at M&A, we look at share buybacks and debt repurchases.”

“The step down in services from $340 million in revenue down to $240 million in the corresponding earnings that come off of that represents about a 1% headwind.”