American Tower Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 28, 2021 at 04:20 pm EDT
Share
American Tower Corporation (REIT) reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 2,368.9 million compared to USD 1,987.6 million a year ago. Revenue was USD 2,454.3 million compared to USD 2,012.9 million a year ago. Net income was USD 723 million compared to USD 464.4 million a year ago. Basic earnings per share from continuing operations was USD 1.59 compared to USD 1.05 a year ago. Diluted earnings per share from continuing operations was USD 1.58 compared to USD 1.04 a year ago.
For the nine months, sales was USD 6,731.6 million compared to USD 5,854 million a year ago. Revenue was USD 6,911.7 million compared to USD 5,919 million a year ago. Net income was USD 2,114.3 million compared to USD 1,325.5 million a year ago. Basic earnings per share from continuing operations was USD 4.7 compared to USD 2.99 a year ago. Diluted earnings per share from continuing operations was USD 4.68 compared to USD 2.97 a year ago.
American Tower Corporation specializes in owning, developing and operating of wireless and broadcast communications infrastructure. Net sales break down by activity as follows:
- rental and management of communications sites (98.7%): wireless towers (224,502 towers owned at the end of 2023), broadcast towers and distributed antenna systems (integrated systems in operated in malls and casino/hotel resorts). The group also leases antenna space on communications towers, manages tower sites for third parties and provides rooftop management services;
- network development services (1.3%): providing of tower site acquisition, zoning and permitting services, and structural analysis services to wireless carriers in connection with the installation of communications equipment on towers.
Net sales are distributed geographically as follows: the United States (55.5), Brazil (7.1%), Mexico (5.5%), Latin America (3.6%), Africa (11%), India (10.2%), Europe ( 7%) and others (0.1%).
AMERICAN TOWER CORPORATION 
