American Tower Plunges 4.24% on 62.81% Volume Surge (132nd) as Revenue Outlook Rises But Profit Forecasts Cut

On July 29, 2025, American Tower (AMT) closed with a 4.24% decline, trading on a volume of $0.80 billion—a 62.81% increase from the prior day—ranking 132nd in market activity. The stock’s performance followed the company’s revised 2025 forecasts, which highlighted a $150 million boost in annual property revenue guidance to $10.14–$10.29 billion, driven by sustained leasing demand from wireless carriers. However, the firm tempered expectations for organic tenant billings growth in the U.S. and Canada, trimming the target to 4.3% from 4.3% or higher, citing slower-than-anticipated business from a key customer. Analysts noted a $5 million reduction in leasing forecasts, attributed to a lengthened book-to-bill cycle despite a robust application pipeline.

American Tower also cut its 2025 net income outlook to $2.34–$2.44 billion, down from $2.74–$2.84 billion, blaming weaker foreign currency performance against the U.S. dollar. Second-quarter net income fell 58.1% year-on-year to $381 million, underscoring margin pressures despite strong leasing activity. The firm’s Q2 revenue of $2.63 billion exceeded estimates but highlighted broader challenges in translating 5G-driven demand into profit growth. Management emphasized that while competition among telecom providers is fueling infrastructure leasing, currency fluctuations and customer-specific delays remain headwinds.

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