-2.36% to $183.83 from $188.28
What moved AMT
- American Tower’s third-quarter 2026 revenue rose to $2.785 billion and AFFO per share increased to $2.87.
- The company raised its full-year property-revenue guidance for the third time in 2026, even as net income guidance was trimmed.
- Organic tenant billings growth slowed to about 1.1%, reflecting the continued runoff of former Dish Network tenant revenue.
- Data-center revenue at its CoreSite business grew more than 16% from a year earlier.
Sources: Yahoo Finance · GuruFocus
+4.08% to $188.97 from $181.57
What moved AMT
- Shares rose after Bloomberg reported American Tower is among the tower owners SpaceX is negotiating with for access to at least 80,000 US cell sites to build a nationwide wireless network.
- The report frames the talks as part of SpaceX’s push to become a fourth major US wireless carrier, following its earlier acquisition of low-band spectrum from Grain Management.
- American Tower was listed among the day’s biggest midday gainers tied directly to the SpaceX report.
Sources: Bloomberg · Investing.com · CNBC
+9.30% to $182.24 from $166.73
What moved AMT
- American Tower shares rose about 7.8% in trading as SpaceX’s spectrum purchase lifted tower-REIT stocks.
- Bernstein said the deal “keeps the terrestrial network build option very much alive” for SpaceX.
- The reaction mirrored declines in Verizon, AT&T and T-Mobile shares, which fell on fears of new wireless competition from SpaceX’s Starlink.
Sources: Investing.com · CNBC