Resilience and consistency have been the hallmarks of the fifth and final pillar of our corporate responsibility program: performance. The attractive returns our stakeholders have come to rely on have been built upon our solid financial performance, and we are now looking to augment and enhance that performance through our innovation initiatives.

Financial Performance

Over the past 10 years, we have delivered consistent growth and believe that we are well positioned today to continue to drive compelling results. The four broad characteristics of our business that have enabled our financial performance and resiliency are:

1. Geographic, Tenant and Technological Diversification;

2. Lease Structure and Duration;

3. Strong Balance Sheet; and

4. Focused and Experienced Management.

Due to these attributes, we were able to grow our property revenues from $1.5 billion USD in 2008 to $7.3 billion USD at the end of 2018, achieving almost 17 percent Compounded Annual Growth Rate (CAGR), while maintaining strong margins and growing our Adjusted Funds From Operations (AFFO) at a similar rate.



Our world is connected today in ways that were not possible just a few years ago, from smart cities that connect energy and data, to the Internet of Things (IoT), to other autonomous systems. To remain a company on the leading edge of making these connections, we must innovate. The above traits have driven our past performance and created our current resilient business model, but we must continue to challenge ourselves in order to provide future sustainable growth to our shareholders. It was for this reason that, in 2017, we launched our innovation program and established a 10-year aspirational goal of deriving 25 percent of our baseline 2017 revenues through innovation initiatives by 2027.

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American Tower was named one of the World’s Most Admired Companies in 2021 by FORTUNE magazine.