American Tower Corporation Reports Fourth Quarter and Full Year 2022 Financial Results

Fourth Quarter 2022

Full Year 2022

• Total revenue increased 10.6% to $2,705 million
• Property revenue increased 11.2% to $2,645 million
• Net income decreased 262.4% to a net loss of $(717) million⁽¹⁾⁽²⁾
• Adjusted EBITDA increased 12.6% to $1,707 million
• Consolidated AFFO increased 15.1% to $1,147 million
• Net income attributable to AMT common stockholders decreased 250.8% to a net loss attributable to AMT common stockholders of $(684) million(1)(2)
• AFFO attributable to AMT common stockholders increased 14.1% to $1,093 million

• Total revenue increased 14.5% to $10,711 million
• Property revenue increased 14.9% to $10,470 million
• Net income decreased 33.9% to $1,697 million⁽¹⁾⁽²⁾
• Adjusted EBITDA increased 11.1% to $6,644 million
• Consolidated AFFO increased 7.1% to $4,685 million
• Net income attributable to AMT common stockholders decreased 31.2% to $1,766 million⁽¹⁾⁽²⁾
• AFFO attributable to AMT common stockholders increased 5.6% to $4,517 million