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American Tower Corporation Reports Third Quarter 2021 Financial Results October 28 , 2021 CONSOLIDATED HIGHLIGHTS Third Quarter 2021 • Total revenue increased 21.9 % to $ 2,454 million • Property revenue increased 19.2 % to $ 2,369 million . Net income increased 56.9 % to $ 726 million ● Adjusted EBITDA increased 19.5 % to $ 1,552 million • Consolidated AFFO increased 13.3 % to $ 1,158 million BOSTON -- ( BUSINESS WIRE ) -- Oct . 28 , 2021-- American Tower Corporation ( NYSE : AMT ) today reported financial results for the quarter ended September 30 , 2021 . Tom Bartlett , American Tower's Chief Executive Officer , stated , " We saw strong demand trends across our global business in the third quarter , supported by carrier investments in network densification , new network technologies and spectrum deployments . As a result , we continued to help our customers deliver critical connectivity to billions of people across the world while generating double - digit growth in both AFFO per Share and our common stock dividend . As 5G deployments in the U.S. and Europe progress and 4G buildouts throughout our other markets accelerate , we remain confident in our ability to drive sustainable , recurring growth for years to come across our extensive existing portfolio . Further , we are energized by the ongoing evolution of the global wireless ecosystem , which we expect will generate additional attractive long - term value creation opportunities through our platform expansion initiatives . " CONSOLIDATED OPERATING RESULTS OVERVIEW American Tower generated the following operating results for the quarter ended September 30 , 2021 ( all comparative information is presented against the quarter ended September 30 , 2020 ) . ( $ in millions , except per share amounts . ) Total revenue Total property revenue AMERICAN TOWER® Total Tenant Billings Growth Organic Tenant Billings Growth Property Gross Margin 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 % Q3 2021 Growth Rate $ 2,454 21.9 $ 2,369 19.2 $ 235 $ 76 $ 1,676 70.7 % $ 726 $ 723 $ 1.58 $ 1,552 63.2 % 15.0 4.9 16.7 56.9 55.7 51.9 19.5 % % % % % % % % %