American Tower lifts 2025 property revenue forecast on wireless infrastructure demand

Wireless infrastructure provider American Tower raised its annual property revenue forecast on Tuesday, betting on healthy leasing activity by wireless carriers.

The company, however, slightly lowered its expectation for full-year organic tenant billings growth in the United States and Canada to about 4.3%, down from 4.3% or more, sending its shares down about 2%.

American Tower said that new business associated with one customer is coming in a bit slower than expected.