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American Tower Corporation Reports Second Quarter 2021 Financial Results July 29 , 2021 CONSOLIDATED HIGHLIGHTS Second Quarter 2021 • Total revenue increased 20.2 % to $ 2,299 million • Property revenue increased 17.9 % to $ 2,233 million . Net income increased 66.8 % to $ 748 million Adjusted EBITDA increased 21.8 % to $ 1,476 million • Consolidated AFFO increased 18.7 % to $ 1,097 million BOSTON -- ( BUSINESS WIRE ) -- Jul . 29 , 2021-- American Tower Corporation ( NYSE : AMT ) today reported financial results for the quarter ended June 30 , 2021 . Tom Bartlett , American Tower's Chief Executive Officer , stated , " In Q2 , secular growth trends in mobile continued to support meaningful carrier capital investment and wireless network technology advancements throughout our footprint . In addition to delivering double - digit growth in AFFO per Share and 15 % dividend growth , we added nearly 27,000 sites through our Telxius Towers acquisition in the quarter , augmenting American Tower's position as a leading independent provider of communications real estate in Europe . ● Looking forward , we expect to leverage the competitive advantage provided by our scaled , diversified portfolio of more than 214,000 communications sites to drive sustainable long - term growth and attractive returns , capitalize on new opportunities associated with 5G and execute our vision of making wireless communication possible everywhere . " CONSOLIDATED OPERATING RESULTS OVERVIEW American Tower generated the following operating results for the quarter ended June 30 , 2021 ( all comparative information is presented against the quarter ended June 30 , 2020 ) . ( $ in millions , except per share amounts . ) Total revenue Total property revenue Total Tenant Billings Growth Organic Tenant Billings Growth Property Gross Margin AMERICAN TOWER " Property Gross Margin % Net income ( 1 ) Net income attributable to AMT common stockholders ( 1 ) Net income attributable to AMT common stockholders per diluted share ( 1 ) Adjusted EBITDA Adjusted EBITDA Margin % Q2 2021 Growth Rate $ 2,299 $ 2,233 $ 165 $ 74 72.1 % $ 748 $ 746 $ 1,610 18.1 $ 1.65 20.2 17.9 64.2 % 10.7 4.8 66.8 67.3 65.0 $ 1,476 21.8 % % % % % % % % %