AMT

A pipeline operator, a tower REIT, a chicken giant, and a healthcare conglomerate each get an equal slice of $25,000.

We're at the halfway point of another surprisingly strong REIT earnings season, with property fundamentals continuing to improve despite a materially tougher interest rate and capital market backdrop. Among 52 equity REITs providing full-year FFO guidance, 44 raised their outlooks (85%), six maintained guidance, and just two lowered (4%) their FFO outlook. REITs have significantly outperformed during earnings season, with the Equity REIT Index gaining nearly 4% during this stretch versus a -3% decline for the S&P 500.

Examine the evolution of American Tower's (AMT) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

Data center revenue growth outlook increased to 16% for 2026. American Tower agreed to sell its Canadian business for $2 billion.

American Tower Corporation stands to benefit significantly from Starlink's plan to access at least 80,000 U.S. cell sites. AMT could realize $1.13–$3.54 AFFO/share accretion, representing 10–31% growth, if Starlink becomes a true fourth major tenant. AMT currently trades at 16x forward AFFO, appearing undervalued if Starlink-driven growth materializes beyond its organic 4% annual rate.

Here is how American Tower (AMT) and ACNB (ACNB) have performed compared to their sector so far this year.

Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) Starlink is expanding its wireless ambitions, and American Tower Corp. (NYSE:AMT) sees a potential opening to join that network. CEO Steve Vondran has said the company is encouraged by Starlink's public plans and spectrum moves, describing the prospect as a chance to add a "new customer at scale" in the U.S. — though he stopped short of confirming a deal or offering a timeline.

American Tower NYSE: AMT raised its full-year 2026 outlook for the third time this year after reporting third-quarter results supported by steady global tower leasing and continued outperformance at its CoreSite data center business.

American Tower Corporation (AMT) Q3 2026 Earnings Call Transcript

American Tower beats Q3 estimates as data center growth and global leasing demand boost revenues, prompting higher 2026 property revenue and AFFO outlooks.