American Tower raises annual forecast on leasing growth

AMERICAN TOWER CORP raised its 2026 property revenue forecast to a $10.74 billion ceiling after beating first-quarter earnings expectations Tuesday. The outlook rose $150 million from previous guidance as 5G and AI demand accelerates digital infrastructure spending. For investors, the revision signals that high-speed data needs are outweighing broader macroeconomic pressures on capital expenditures.

### AI and 5G Drive Leasing Demand AMT reported first-quarter revenue of $2.74 billion, exceeding LSEG analyst estimates of $2.66 billion. Earnings per share reached $1.84, surpassing the $1.60 forecast. Revenue from the property segment, the core site-leasing business, rose 7.3% to $2.67 billion.