Investing.com - American Tower (NYSE:AMT) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
American Tower announced earnings per share of $0.99 on revenue of $2.45B. Analysts polled by Investing.com anticipated EPS of $1.15 on revenue of $2.41B.
American Tower shares are down 4% from the beginning of the year, still down 25.11% from its 52 week high of $303.72 set on September 8, 2021. They are under-performing the TR UK 50 which is up 3.17% from the start of the year.
American Tower shares lost 3.28% in pre-market trade following the report.
American Tower follows other major Real Estate sector earnings this month
American Tower's report follows an earnings beat by Crown Castle on January 26, who reported EPS of $0.81 on revenue of $1.65B, compared to forecasts EPS of $0.7708 on revenue of $1.63B.
Public Storage had beat expectations on Tuesday with fourth quarter EPS of $3.17 on revenue of $924.32M, compared to forecast for EPS of $2.18 on revenue of $913.22M.
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