217.90 0.00 (0.00%)
After hours: 4:49PM EST
|Bid||217.59 x 800|
|Ask||218.22 x 1200|
|Day's range||215.64 - 219.33|
|52-week range||150.67 - 242.00|
|Beta (3Y monthly)||0.44|
|PE ratio (TTM)||60.51|
|Earnings date||31 Oct 2019|
|Forward dividend & yield||3.61 (1.67%)|
|1y target est||227.07|
Anyone interested in American Tower Corporation (REIT) (NYSE:AMT) should probably be aware that the Senior VP of...
American Tower (AMT) delivered FFO and revenue surprises of 2.04% and 5.04%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
While fall in comparable center NOI and rise in interest expense hurt Taubman Centers' (TCO) Q3 performance, increase in ending occupancy in comparable centers provide support to some extent.
While American Tower (AMT) Q3 results will reflect benefits from solid property segment revenues, the Indian carrier consolidation-driven churn might have hurt its Asian property segment's growth.
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
(Bloomberg) -- Helios Towers Ltd. rose 5.7% on its first day of trading after the company raised 288 million pounds ($364 million) in a long-delayed initial public offering that gives investors a foothold in Africa’s fast-growing wireless tower industry.Shares in the company that was backed by billionaire financier George Soros priced at 115 pence apiece, the bottom of the range, before closing at 121.50 pence.After a subdued start to the day, the shares perked up after Chief Executive Officer Kash Pandya’s comments on potentially using some of the proceeds for expansion. Helios is looking to add three new African countries to the five where it currently operates, Pandya said by phone after the initial public offering.Shareholders including Millicom International Cellular SA and Bharti Airtel Ltd. sold down their stakes in the London IPO, with Helios settling for a market valuation of 1.2 billion pounds.Helios has more than 6,800 towers spread across five African countries and the money raised from selling new shares will help it to roll out fourth-generation mobile services and keep pace with soaring mobile data consumption on the continent. It was originally looking to raise as much as $500 million.Read more: Helios CEO says IPO proceeds to be used for expansionHelios went public as many similar offerings are stumbling or being pulled. Two tech IPOs were delayed last week, citing market conditions, and yacht maker Ferretti SpA late on Monday reduced the price range for its upcoming sale.Not everyone is getting shy: special-effects company DNEG Ltd. is exploring selling shares in London to raise 150 million pounds to fund growth, it said Tuesday.Choppy MarketsAfrican and Middle Eastern companies have helped to keep the London IPO market alive, although with mixed results. Airtel Africa Ltd. has lost a third of its value since listing in June.Helios already had to cancel an IPO attempt last year. It was one of three African tower firms that tried to sell stock in London or New York. The most optimistic estimates gave them a potential combined value of $15 billion before choppy markets scuppered the plans and Helios’s two peers went down other routes.The biggest, IHS Towers, decided to raise $1.3 billion via the debt market in two offerings that will close next week. The other, Eaton Towers Ltd., is being bought by American Tower Corp.Following the IPO, Millicom holds a 17% stake in Helios, according to the prospectus. Quantum Strategic Partners Ltd is right behind with a 16.45% stake. Quantum’s investment in Helios is managed by Newlight Partners LP, which was spun off from George Soros’s family office in 2018. The firm is led by Ravi Yadav and David Wassong, who has a seat on Helios’ board.Helios serves carriers including Airtel Africa, MTN Group Ltd. and Vodacom Group Ltd. It’s the only independent tower operator in the Democratic Republic of Congo and Tanzania, has operations in Ghana and launched in South Africa this year.(Updates with trading close and CEO interview.)To contact the reporters on this story: Swetha Gopinath in London at firstname.lastname@example.org;Loni Prinsloo in Johannesburg at email@example.comTo contact the editors responsible for this story: Rebecca Penty at firstname.lastname@example.org, Thomas Pfeiffer, Kasper ViitaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
While high demand for infrastructure and healthy leasing activities might have driven Crown Castle International's (CCI) Q3 performance, pricing power and high-leveraged balance sheet are concerns.
The major indexes are up today after a report from Bloomberg News restored investor optimism surrounding the trade war between the US and China.
UDR prices two series of senior unsecured notes, aggregating $100 million and $300 million, respectively. Also, it plans to fully redeem 4.625% senior unsecured notes due in January 2022.
American Tower (AMT) plans to use proceeds raised from the senior unsecured notes offering to repay outstanding debt under its multi-currency senior-unsecured revolving credit facility.
American Tower's (AMT) ratings and outlook affirmation by Moody's indicates its robust cash flows, strong liquidity position and a wide geographic footprint.