- In an 8-K filing, American Tower (AMT +1%) notes an updated outlook after an agreement revision expected to generate another $100M in straight-line revenue.
- The company now sees 2017 total property revenue of $6.31B-$6.49B, net income of $1.275B-$1.345B, and EBITDA of $3.91B-$4.01B.
- That's due to an amended master lease agreement with a tenant.
- American Tower also said it will resume a stock repurchase program that it set up in 2011. Under the plan, the company's authorized to buy back up to an additional $1.1B in common stock.