Latest news with #AMT
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Business Standard
3 days ago
- Business
- Business Standard
Draft Income tax Bill, 2025: LLPs likely to retain LTCG benefits
Govt likely to fix key omission regarding AMT Monika Yadav New Delhi Listen to This Article The government is likely to fix a key omission in the draft Income Tax (I-T) Bill, 2025, which could have widened the scope of alternate minimum tax (AMT) for non-corporate taxpayers such as partnership firms and limited liability partnerships (LLPs) that were earning only long-term capital gains (LTCG), according to a senior official. The proposed legislation had removed a reference to Chapter VI-A deductions, which serves as a key qualifier for when AMT applies to non-corporate entities. Without this reference, the draft Bill appeared to imply that such entities would be liable to pay AMT. AMT, levied at 18.5 per
Yahoo
13-06-2025
- Business
- Yahoo
American Tower Stock Rises 18.7% YTD: Is it Too Late to Buy?
Shares of American Tower AMT have rallied 18.7% so far this year, closing at $217.70 on Thursday on the NYSE. The stock has outperformed the Zacks REIT and Equity Trust - Other industry and the S&P 500 composite as well as its close industry peer, SBA Communications Corporation SBAC. American Tower is well-poised to gain from its strategic portfolio repositioning of selling non-core assets in developing markets. This will aid in solely focusing on the developed markets platform, yielding better returns through operational efficiency. Moreover, its growing portfolio of data centers to capitalize on the rising Artificial Intelligence (AI) boom will diversify its revenue stream, yielding stability. Additionally, despite facing headwinds from churn arising out of the Sprint-T-Mobile TMUS merger, this tower REIT came up with better-than-expected first-quarter 2025 results late in April, showcasing revenue growth across its property and service operations segment. Image Source: Zacks Investment Research AMT stock outperformance relative to its industry, the S&P 500 composite and peer like SBAC, highlights increased investor confidence about the future performance of the company. Let's find out if it will keep on riding this upswing and out do its industry, the S&P 500 composite and peer like SBAC. The advent of next-generation technologies, including edge computing functionality, autonomous vehicle networks and the Internet-of-Things (IoT), has propelled the wireless connectivity usage. The wireless service providers and carriers have been deploying additional equipment to cater to the rising demand amid the growing 5G deployment. These factors position AMT in a sweet spot with its vast portfolio of around 149,000 communication sites worldwide, aiding revenue growth. The company reported solid year-over-year organic tenant billings growth of 4.7%, with total tenant billings rising 5.2%. With growth in cloud computing, Internet of Things and Big Data, data centers are becoming inevitable. In order to capitalize on this growing trend, AMT intends to invest more than $600 million to expand its data center footprint in 2025. Data centers added $244 million to property revenues in the first quarter of 2025, reflecting an 8.4% year-over-year increase. American Tower is restructuring its portfolio with the divestment of non-core assets in high-risk developing markets so that it can effectively operate in low-risk developed markets, augmenting margin and return expansion. In 2025, more than 75% of its $1.5 billion discretionary spending will be directed toward developed markets, including the United States, Canada and Europe. Apart from having a robust operating platform, American Tower maintains solid liquidity, ensuring it can comfortably meet its debt obligations. As of March 31, 2025, the company had $11.7 billion in total liquidity. It has achieved its net leverage target of 5X EBITDA in the first quarter of 2025, with floating-rate debt at just 4%. Solid dividend payouts are arguably the biggest enticements for REIT shareholders, and AMT demonstrated resumption of a mid-single-digit dividend growth rate at 4.6% in 2025 after focusing on deleveraging in prior years. In the last five years, AMT has increased its dividend 15 times, and the annualized dividend growth rate for this period is 9.07%. Moreover, it has a lower dividend payout compared with its industry. Such disbursements highlight its operational strength and commitment to rewarding shareholders handsomely. The estimate revision trends echo positive sentiments. The Zacks Consensus Estimate for both 2025 and 2026 adjusted funds from operations (AFFO) per share has marginally climbed over the past two months. AMT Estimate Revision Trend Image Source: Zacks Investment Research . However, American Tower has a few laggards. The company's leasing revenues have been negatively impacted by the merger between TMUS and Sprint. This Sprint-TMUS merger will lead to a continued elevated churn rate in its U.S. & Canada property segment through 2025, as per management. Moreover, management continues to expect organic tenant billings growth to be below 4% for the next two quarters due to Sprint churn before increasing to more than 5.5% in Q4 2025. Additionally, the continuation of elevated interest rates for a prolonged period is expected to affect REITs, including AMT. High borrowing costs may challenge development and acquisition financing, while the appeal of fixed-income investments could rise, making dividend-paying stocks like AMT less attractive by comparison. However, American Tower stock is trading at a forward 12-month price-to-FFO of 20.85X, ahead of the REIT industry average of 15.73X and slightly above its one-year median of 20.58X. American Tower stock is also currently trading at a premium compared to its industry peers like SBA Communications Corporation. Forward 12 Month Price-to-FFO (P/FFO) Ratio Image Source: Zacks Investment Research With wireless carriers increasing capital expenditure due to rising wireless penetration, accelerated 5G network deployment efforts and spectrum auctions, demand for communication sites is likely to stay strong, and American Tower will reap the benefit with enhanced leasing and revenue highly interconnected footprint of U.S. data center facilities has also been performing well, and the increasing demand for AI and cloud computing is expected to boost data centers' revenues. Moreover, solid dividend payouts are arguably the biggest enticements for investors. Therefore, the resumption of dividend hikes also augurs well. However, though the current estimate revision trends hint at bullish momentum, given the stock's expensive valuation, it would be prudent for investors to refrain from buying the stock. For existing shareholders, retaining AMT shares may be a wise choice, given its focus on high-quality assets and data centers. American Tower currently has an average brokerage recommendation (ABR) of 1.40 on a scale of 1 to 5 (Strong Buy to Strong Sell). Of the 24 brokers covering AMT, 18 rate it a 'Strong Buy', two call it a 'Buy,' and eight rate it a 'Hold'. At present, American Tower carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Image Source: Zacks Investment Research Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Tower Corporation (AMT) : Free Stock Analysis Report SBA Communications Corporation (SBAC) : Free Stock Analysis Report T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Applied Medical Technology, Inc. Unveils Redesigned Mobile App Aligned with Recent Website Refresh
BRECKSVILLE, Ohio., June 10, 2025 /PRNewswire/ -- Applied Medical Technology, Inc. (AMT), a leader in innovative medical devices, is proud to announce the launch of its redesigned mobile application, AMT ONE Source®. This strategic update follows a successful website redesign completed late 2024, ensuring that both platforms now offer a cohesive, user-friendly digital experience. Enhancing User Experience Across PlatformsThe redesigned mobile app mirrors the modern, intuitive design language introduced during the website refresh. With a renewed focus on user experience and engagement, the mobile platform now features streamlined interfaces and updated information. "In today's fast-paced healthcare environment, it is essential that our digital platforms are not only reliable but also easy to navigate and visually appealing," said Bill Bentley, National Sales Manager. "Created with our youngest patients in mind, the redesign was thoughtfully developed to be more engaging, age-appropriate, and easy to navigate—helping children and their families feel more supported and empowered throughout their healthcare journey." Key Features and Benefits Unified Design Aesthetic: The mobile app adopts the clean, modern design previously launched on the website, providing a consistent look and feel across all digital touchpoints. Richer Content Experience: The app now features an expanded content database, providing a broader range of resources and information to support users with timely, relevant, and easy-to-access content. Improved Performance: The redesigned app features enhanced performance, with a new backend architecture that allows for faster content updates, easier maintenance, and more frequent improvements to keep the experience fresh and relevant. AMT partnered with Cleveland-Ohio based software company, Stream 9, on the redesign. Their strong track record in software design and development brought deep technical expertise and a strategic approach. "We're fortunate in our business to develop custom software projects for businesses of all kinds; but it's especially rewarding to work on a project that will deliver such a direct benefit to patients and their caregivers. AMT brought a clear vision to the table, and we worked closely together to translate that into a modern, scalable, and user-friendly digital experience," shared Kirk Miesle, Founder of Stream 9. The AMT ONE Source® app is available now on the App Store and Google Play. About AMT: Applied Medical Technology, Inc. (AMT) is a global leader in enteral and surgical devices committed to improving lives through innovation. For 40 years, AMT has bridged the gap between medical technology and patient needs, collaborating with healthcare professionals and users to develop high-quality, life-enhancing solutions. Our holistic approach prioritizes the well-being of the whole person, not just the device they use. View original content to download multimedia: SOURCE Applied Medical Technology, Inc.
Malaysian Reserve
10-06-2025
- Business
- Malaysian Reserve
Applied Medical Technology, Inc. Unveils Redesigned Mobile App Aligned with Recent Website Refresh
BRECKSVILLE, Ohio., June 10, 2025 /PRNewswire/ — Applied Medical Technology, Inc. (AMT), a leader in innovative medical devices, is proud to announce the launch of its redesigned mobile application, AMT ONE Source®. This strategic update follows a successful website redesign completed late 2024, ensuring that both platforms now offer a cohesive, user-friendly digital experience. Enhancing User Experience Across PlatformsThe redesigned mobile app mirrors the modern, intuitive design language introduced during the website refresh. With a renewed focus on user experience and engagement, the mobile platform now features streamlined interfaces and updated information. 'In today's fast-paced healthcare environment, it is essential that our digital platforms are not only reliable but also easy to navigate and visually appealing,' said Bill Bentley, National Sales Manager. 'Created with our youngest patients in mind, the redesign was thoughtfully developed to be more engaging, age-appropriate, and easy to navigate—helping children and their families feel more supported and empowered throughout their healthcare journey.' Key Features and Benefits Unified Design Aesthetic: The mobile app adopts the clean, modern design previously launched on the website, providing a consistent look and feel across all digital touchpoints. Richer Content Experience: The app now features an expanded content database, providing a broader range of resources and information to support users with timely, relevant, and easy-to-access content. Improved Performance: The redesigned app features enhanced performance, with a new backend architecture that allows for faster content updates, easier maintenance, and more frequent improvements to keep the experience fresh and relevant. AMT partnered with Cleveland-Ohio based software company, Stream 9, on the redesign. Their strong track record in software design and development brought deep technical expertise and a strategic approach. 'We're fortunate in our business to develop custom software projects for businesses of all kinds; but it's especially rewarding to work on a project that will deliver such a direct benefit to patients and their caregivers. AMT brought a clear vision to the table, and we worked closely together to translate that into a modern, scalable, and user-friendly digital experience,' shared Kirk Miesle, Founder of Stream 9. The AMT ONE Source® app is available now on the App Store and Google Play. About AMT: Applied Medical Technology, Inc. (AMT) is a global leader in enteral and surgical devices committed to improving lives through innovation. For 40 years, AMT has bridged the gap between medical technology and patient needs, collaborating with healthcare professionals and users to develop high-quality, life-enhancing solutions. Our holistic approach prioritizes the well-being of the whole person, not just the device they use.
Yahoo
10-06-2025
- Business
- Yahoo
Applied Medical Technology, Inc. Unveils Redesigned Mobile App Aligned with Recent Website Refresh
BRECKSVILLE, Ohio., June 10, 2025 /PRNewswire/ -- Applied Medical Technology, Inc. (AMT), a leader in innovative medical devices, is proud to announce the launch of its redesigned mobile application, AMT ONE Source®. This strategic update follows a successful website redesign completed late 2024, ensuring that both platforms now offer a cohesive, user-friendly digital experience. Enhancing User Experience Across PlatformsThe redesigned mobile app mirrors the modern, intuitive design language introduced during the website refresh. With a renewed focus on user experience and engagement, the mobile platform now features streamlined interfaces and updated information. "In today's fast-paced healthcare environment, it is essential that our digital platforms are not only reliable but also easy to navigate and visually appealing," said Bill Bentley, National Sales Manager. "Created with our youngest patients in mind, the redesign was thoughtfully developed to be more engaging, age-appropriate, and easy to navigate—helping children and their families feel more supported and empowered throughout their healthcare journey." Key Features and Benefits Unified Design Aesthetic: The mobile app adopts the clean, modern design previously launched on the website, providing a consistent look and feel across all digital touchpoints. Richer Content Experience: The app now features an expanded content database, providing a broader range of resources and information to support users with timely, relevant, and easy-to-access content. Improved Performance: The redesigned app features enhanced performance, with a new backend architecture that allows for faster content updates, easier maintenance, and more frequent improvements to keep the experience fresh and relevant. AMT partnered with Cleveland-Ohio based software company, Stream 9, on the redesign. Their strong track record in software design and development brought deep technical expertise and a strategic approach. "We're fortunate in our business to develop custom software projects for businesses of all kinds; but it's especially rewarding to work on a project that will deliver such a direct benefit to patients and their caregivers. AMT brought a clear vision to the table, and we worked closely together to translate that into a modern, scalable, and user-friendly digital experience," shared Kirk Miesle, Founder of Stream 9. The AMT ONE Source® app is available now on the App Store and Google Play. About AMT: Applied Medical Technology, Inc. (AMT) is a global leader in enteral and surgical devices committed to improving lives through innovation. For 40 years, AMT has bridged the gap between medical technology and patient needs, collaborating with healthcare professionals and users to develop high-quality, life-enhancing solutions. Our holistic approach prioritizes the well-being of the whole person, not just the device they use. View original content to download multimedia: SOURCE Applied Medical Technology, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
