American Tower Corporation Reports Fourth Quarter and Full Year 2025 Financial Results

About this update from American Tower Corporation (reit)

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Leasing demand across our global tower portfolio and data center business remains robust, underpinned by sustained growth in mobile data consumption, continued 5G deployment, and increasing hybrid-cloud and AI-related workloads. Alongside these demand trends, we’ve taken meaningful actions to streamline our global operations, enhance the quality and durability of our earnings, and improve financial flexibility by returning to our target leverage range.","length":671,"tagName":"p"},{"type":"text","content":"Looking ahead to 2026, we are focused on durable revenue growth, advancing our new cost efficiency initiatives, and disciplined capital allocation. 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Subsequent to the end of the fourth quarter, through February 17, 2026, the Company repurchased approximately 312 thousand shares of its common stock for an aggregate of approximately $53 million, including commissions and fees. The Company expects to continue managing the pacing of the remaining approximately $1.6 billion under its buyback program in response to general market conditions and other relevant factors. The Company expects to fund any further repurchases of its common stock through a combination of cash on hand, cash generated by operations and borrowings under its credit facilities.","length":824,"tagName":"p"},{"type":"text","content":" Capital Expenditures – During the fourth quarter of 2025, total capital expenditures were approximately $592 million, of which $63 million was for non-discretionary capital improvements and corporate capital expenditures. 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