American Tower (NYSE 🙂 announced Wednesday that the first quarter ended with revenue exceeding analysts’ expectations.

American Tower posted earnings per share (EPS) of $1.56 on revenues of $2.66B. Investing.com polled analysts and predicted an EPS of $1.11 for revenue of $2.6B.

American Tower shares have fallen 12% since the start of the year. However, they are still 16.10% below the 52-week high of $303.72 on September 8, 2021. They are broadly in line with the S&P 500 which is down 12.4% from the start of the year.

American Tower reports on major earnings in the Real Estate sector this month

American Tower’s earnings beat was achieved by Prologis, who on April 19 reported EPS at $1.54 for revenue $1.08B. This compares to Prologis’ forecasts of EPS at $0.6806 for revenue $1.08B.

Crown Castle beat all expectations with a first quarter earnings per share of $0.97 on $1.74B in revenue, as compared to $0.9447 forecast on $1.69B revenue.

You can keep up to date on the latest earnings reports at www.investors.com Investing.com’s earnings calendar