American Tower Raises 2026 Full-Year Guidance and Authorizes $2 Billion Share Repurchase Program

American Tower raised its full-year 2026 guidance for adjusted funds from operations (AFFO) and property revenue, citing growth in its global tower portfolio and data center performance. The company now projects 2026 AFFO in the range of $11.04 to $11.16 per share, with total property revenue expected between $10.785 billion and $10.865 billion. Additionally, the company reported that it had allocated $315 million to share repurchases during the quarter and that its Board of Directors authorized an additional $2.0 billion for future share repurchases following the quarter's end.