Real Estate
REIT - Specialty
$86.38B
5.6K
Key insights and themes extracted from this filing
Total operating revenues increased to $2,900.3 million, a 4% increase compared to $2,771.7 million in the same period last year. Property revenue increased by 5% while services revenue increased by 10%.
Net income attributable to American Tower Corporation common stockholders decreased to $475.7 million, a 49% decrease compared to $900.3 million in the same period last year. This is primarily due to an increase in operating expenses and other expenses.
Operating income decreased to $873.7 million, a 32% decrease compared to $1,284.3 million in the same period last year. This is primarily due to a 17% increase in total operating expenses.