American Tower stock gets fresh lift from data-center outlook

Published on 11/04/2026 at 16:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

American Tower stock gains fresh attention after the company lifted its 2026 outlook again. Data-center momentum remains the key growth driver.

Data centers drive the latest outlook

American Tower raised its full-year property-revenue outlook after CoreSite continued to outperform.
Third-quarter property revenue benefited from stronger data-center activity, while net income declined amid equity-investment losses.
Share repurchases and a larger authorization remain central to the company’s capital-allocation plans.

American Tower, US03027X1000, Illustration mit AI erstellt.

American Tower stock traded at 172.93 euros on Lang & Schwarz at 16:06 CET on Wednesday, November 4, 2026. That was 3.43% above the 167.20-euro quote cited in the latest relevant report published on Tuesday, November 3.

The operating news behind the renewed focus came on October 27, when American Tower reported third-quarter results and raised its full-year 2026 outlook for the third time. In its third-quarter financial release, the company said total revenue rose 2.5% to USD 2.785 billion and total property revenue increased 4.5% to USD 2.734 billion.

CoreSite lifts growth expectations

Data centers were the main source of momentum. Cash revenue in the segment grew 16.3% in the quarter, while the company’s full-year data-center property-revenue outlook now spans USD 1.218 billion to USD 1.228 billion. The midpoint implies growth of 16.1%.

American Tower raised the midpoint of its full-year property-revenue outlook by USD 55 million. The new range is USD 10.785 billion to USD 10.865 billion, while the adjusted EBITDA midpoint was unchanged. The company also lifted its AFFO per-share outlook midpoint by USD 0.02 to a range of USD 11.04 to USD 11.16.

The results also show the limits of the headline improvement. Net income fell 14.4% to USD 781 million, partly because unrealized losses on equity investments replaced gains in the prior-year quarter. AFFO attributable to common stockholders increased 2.4% to USD 1.335 billion.

Capital allocation stays in focus

American Tower repurchased approximately USD 315 million of common stock during the quarter. After quarter-end, its board authorized an additional USD 2.0 billion for future repurchases, giving capital allocation a larger role in the updated outlook.

Investors can follow the real-time quote of American Tower stock for further trading updates.

U.S. equities remain sensitive to shifts in technology spending and interest-rate expectations, themes that also shape the market backdrop for infrastructure-focused real estate companies; see the latest S&P 500 market coverage.

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