American Tower Sees FY24 AFFO $10.30-$10.53
Portfolio Pulse from Benzinga Newsdesk
American Tower Corporation (AMT) forecasts its FY24 Adjusted Funds From Operations (AFFO) to be between $10.30 and $10.53.
April 30, 2024 | 11:02 am
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American Tower Corporation projects its FY24 AFFO to be between $10.30 and $10.53, showcasing a positive financial outlook.
The projection of AFFO (Adjusted Funds From Operations) by American Tower Corporation (AMT) for FY24 suggests a positive outlook on the company's financial performance. This forecast is likely to be viewed positively by investors, as AFFO is a key metric in evaluating the performance of real estate investment trusts (REITs) like AMT. A higher AFFO indicates better financial health and potentially more funds available for dividends, which can lead to an increase in stock price.
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