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American Tower's Q3 consolidated AFFO per share up 8.5% YOY from SNL Real Estate Daily American Tower's Q3 consolidated AFFO per share up 8.5% YOYByline: Ali Imran Naqvi American Tower Corp.'s consolidated adjusted funds from operations for the third quarter came to $891 million, or $2.00 per share, an 8.5% rise from $821 million, or $1.85 per share, in the year-ago period. The S&P Global Market Intelligence consensus AFFO per share estimate for the third quarter was $1.95 per share. Nareit FFO attributable to common stockholders amounted to $900.0 million, a 20.3% gain from $748.4 million in the third quarter of 2018. Net income reached $505.3, a 33.9% increase from $377.3 million in the comparable year-ago period. Nareit is the U.S.-based trade association for real estate investment trusts and publicly traded real estate companies. In reporting results, American Tower said it forecasts consolidated AFFO per share in the range of $3.48 billion to $3.52 billion for the full year, reflecting a 1.1% decline at the midpoint. |
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