By Dean Seal
American Tower is guiding for earnings to climb in 2025 as demand holds steady across its global platform.
The owner of cellphone towers said it expects $9.92 billion to $10.07 billion in total property revenue this year, up about half a percentage point from 2024. Analysts polled by FactSet are currently targeting $9.93 billion, near the low-end of the outlook.
American Tower is also expecting to make a profit of $2.96 billion to $3.05 billion, up by about a third from last year.
For the last three months of 2024, the real-estate investment trust posted a profit of $1.23 billion, compared with a loss of $61.2 million in the same quarter a year earlier.
Earnings came out to $2.62 a share. Analysts surveyed by FactSet had been expecting $2.36 a share
Revenue rose 3.7% to $2.55 billion, above analyst projections for $2.51 billion, according to FactSet.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 25, 2025 08:33 ET (13:33 GMT)
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