American Tower stock gets third 2026 outlook raise as data centers lead

American Tower reported third-quarter results on October 27, 2026, and raised its full-year outlook for the third time this year. In its earnings release, the company said data-center performance and steady leasing demand across its global tower portfolio supported the revision.

American Tower stock traded at 166.60 euros on Lang & Schwarz at 11:18 CET on Monday, November 2, 2026. The quote is shown without a daily direction because a compatible Xetra closing comparison was not available.

Data Centers Lift The Forecast

Total third-quarter revenue rose 2.5% year over year to 2.785 billion US dollars. Property revenue increased 4.5% to 2.734 billion US dollars, with organic tenant billings growth of 1.1% and data-center cash revenue growth of 16.3%.

Net income fell 14.4% to 781 million US dollars, while net income attributable to common stockholders declined 10.3% to 766 million US dollars. American Tower said unrealized losses on equity investments, compared with gains in the prior-year quarter, affected the comparison. Adjusted EBITDA increased 0.9% to 1.832 billion US dollars, and adjusted funds from operations attributable to common stockholders rose 2.4% to 1.335 billion US dollars, or 2.87 US dollars per share.

The company raised the midpoint of its full-year 2026 property-revenue outlook by 55 million US dollars to a range of 10.785 billion to 10.865 billion US dollars. The adjusted EBITDA midpoint was unchanged. American Tower lowered the midpoints for net income and net income attributable to common stockholders by 30 million US dollars each, mainly because of unrealized equity-security losses.

The AFFO midpoint was maintained, while the AFFO-per-share outlook midpoint increased by 0.02 US dollars to a range of 11.04 to 11.16 US dollars. The data-center property-revenue forecast implies midpoint growth of 16.1%, compared with the broader property portfolio outlook of 5.0%.

Capital Returns Remain In Focus

American Tower repurchased 1.8 million shares for 315 million US dollars during the third quarter and bought another 0.4 million shares for 68 million US dollars through October 20. On October 23, the board authorized an additional 2.0 billion US dollars for future repurchases. The company also agreed to sell its Canadian subsidiaries for approximately 288 million Canadian dollars, or about 202 million US dollars, with closing expected in the fourth quarter.

For investors, the update strengthens the role of CoreSite and digital infrastructure demand in American Tower's growth profile. The lower net-income outlook midpoint shows that investment-market movements can affect reported earnings even as operating measures and AFFO remain more resilient.

American Tower stock investors can follow the real-time quote of American Tower stock as the market weighs the revised forecast and capital-allocation plans.

The S&P 500 provides the relevant broader market context for this US-listed real estate investment trust; see the latest S&P 500 market coverage.

For further company-specific developments, see more news and analyses on American Tower stock.

American Tower Corporation

• ISIN: US03027X1000
• Ticker: AMT
• Home exchange: NYSE
• Lang & Schwarz quote: 166.60 euros at 11:18 CET on November 2, 2026
• Sector: Real estate investment trust