American Tower stock tracks CoreSite-led outlook upgrade
Published on 11/09/2026 at 15:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCoreSite drives the outlook
- American Tower raised its 2026 property-revenue outlook for the third time this year.
- Data Centers cash revenue grew 16.3 percent in the third quarter.
- Reported net income declined as unrealized equity-investment losses weighed on the comparison.
American Tower raised its full-year 2026 outlook for the third time this year after stronger performance from its CoreSite data-center business. The company announced the update with its third-quarter results on October 27, according to its official earnings release.
American Tower stock traded at 168.90 euros on Lang & Schwarz at 15:33 CET on Monday, November 9, 2026. Compared with the 173.95-euro quote in the November 6 report, the price was 2.90 percent lower; this separate move since the previous report is not a Xetra daily comparison.
Data centers lead revised guidance
Total third-quarter revenue rose 2.5 percent to 2.785 billion US dollars, while property revenue increased 4.5 percent to 2.734 billion US dollars. Cash revenue in the Data Centers segment grew 16.3 percent, giving CoreSite the strongest operating momentum in the reported portfolio.
American Tower lifted the midpoint of its 2026 property-revenue outlook by 55 million US dollars to a range of 10.785 billion to 10.865 billion US dollars. The forecast for Data Centers property revenue stands at 1.218 billion to 1.228 billion US dollars, implying midpoint growth of 16.1 percent.
Profit comparison remains mixed
Net income fell 14.4 percent to 781 million US dollars. The company attributed the comparison in part to unrealized equity-investment losses of 71.5 million US dollars, compared with gains in the prior-year quarter.
AFFO attributable to common stockholders increased 2.4 percent to 1.335 billion US dollars, or 2.87 US dollars per share. American Tower raised its full-year AFFO-per-share outlook to 11.04 to 11.16 US dollars while keeping its adjusted EBITDA range at 7.248 billion to 7.303 billion US dollars.
Buybacks add capital context
American Tower repurchased approximately 1.8 million shares for 315 million US dollars during the quarter. Its board later authorized an additional 2.0 billion US dollars for future repurchases, while the net leverage ratio stood at 4.9 times annualized adjusted EBITDA at September 30.
American Tower Corporation
- Company: American Tower Corporation
- ISIN: US03027X1000
- Ticker: AMT
- Home exchange: NYSE
- Lang & Schwarz quote: 168.90 euros at 15:33 CET on November 9, 2026
- Change since November 6 report: -2.90 percent
- 2026 property-revenue outlook: 10.785 billion to 10.865 billion US dollars
The American Tower stock remains tied to the balance between CoreSite data-center expansion, tower leasing demand and the temporary pressure from equity-investment losses.
The broader S&P 500 market backdrop is relevant for investors following US-listed infrastructure and real estate companies.
More news and analyses on American Tower stock cover the company and its operating outlook.
