American Tower stock gets another 2026 outlook boost from CoreSite

American Tower raised its full-year outlook for the third time this year after reporting third-quarter results on October 27, with CoreSite again supplying the strongest operating momentum. The company's release said total revenue increased 2.5 percent to 2.785 billion US dollars, while property revenue rose 4.5 percent to 2.734 billion US dollars.

American Tower stock traded at 173.95 euros on Lang & Schwarz at 16:38 CET on Friday, November 6, 2026. Investors can follow the real-time quote of American Tower stock for the latest trading indication.

CoreSite drives the revised outlook

Cash revenue in the Data Centers segment increased 16.3 percent, while organic tenant billings growth was 1.1 percent. American Tower said the revised outlook reflected consistent leasing demand across its global tower portfolio, continued CoreSite outperformance and disciplined capital allocation, according to its third-quarter earnings release.

The midpoint of the property-revenue outlook increased by 55 million US dollars to a range of 10.785 billion to 10.865 billion US dollars. The company also raised its AFFO outlook to 11.04 to 11.16 US dollars per share, while keeping the adjusted EBITDA range at 7.248 billion to 7.303 billion US dollars.

Mixed earnings and capital allocation

Net income fell 14.4 percent to 781 million US dollars, partly reflecting unrealized losses on equity investments of 71.5 million US dollars compared with gains in the prior-year quarter. Adjusted funds from operations attributable to common stockholders increased 2.4 percent to 1.335 billion US dollars, or 2.87 US dollars per share.

American Tower repurchased approximately 1.8 million shares for 315 million US dollars during the quarter. The board later authorized an additional 2.0 billion US dollars for future repurchases, adding a further capital-allocation lever while leverage stood at 4.9 times net debt to annualized adjusted EBITDA at September 30.

The S&P 500 provides the relevant broader U.S. market backdrop for investors following American Tower.

Current market reports offer further context for U.S. equities. More news and analyses on American Tower stock cover the company and its operating outlook.