The company said total revenue for Q4 2025 increased 7.5% to $2,738 million, and full-year total revenue increased 5.1% to $10,645 million. Adjusted EBITDA for Q4 was $1,819 million, and $7,130 million for the full year.

1. 01

   The company said total revenue for Q4 2025 increased 7.5% to $2,738 million, and full-year total revenue increased 5.1% to $10,645 million. Adjusted EBITDA for Q4 was $1,819 million, and $7,130 million for the full year.

2. 02

   American Tower said net income for Q4 2025 decreased 32.0% to $837 million, while full-year net income increased 15.3% to $2,629 million. It said full-year AFFO attributable to AMT common stockholders increased 2.2% to $5,042 million.

3. 03

   The company said its Net Leverage Ratio was 4.9x as of December 31, 2025, with total debt of $37,220 million and cash and cash equivalents of 1,475 million. It said total liquidity was approximately $11.1 billion, and the ability to borrow under its revolving credit facilities was approximately $9.6 billion.

4. 04

   The company provided its 2026 full-year outlook, with total property revenue of $10,440 million to $10,590 million, Adjusted EBITDA of $7,090 million to $7,160 million, and AFFO attributable to AMT common stockholders per Share of $10.78 to $10.95. The company said actual results may differ from these estimates.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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