American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended June 30, 2012. Jim Taiclet, American Tower’s Chief Executive Officer stated, “During the second quarter, we continued to translate strong global wireless trends into solid performance. We added substantial new lease and amendment business in both the U.S. and across our global markets, and for the first time in our company’s history, our international segment generated higher commenced new business than our domestic segment. As a result, we delivered Core Growth that was ahead of internal expectations in all of our key business metrics, including 23% growth in rental revenue and 24% growth in Adjusted EBITDA. Our expectations for the full year are that disciplined cost management and outperformance in our core business will exceed potential headwinds from foreign currency fluctuations, and we are therefore maintaining our full year 2012 outlook for rental revenue and raising outlook for Adjusted EBITDA and AFFO.” SECOND QUARTER 2012 OPERATING RESULTS OVERVIEW American Tower generated the following operating results for the quarter ended June 30, 2012 (unless otherwise indicated, all comparative information is presented against the quarter ended June 30, 2011). Total revenue increased 16.8% to $697.7 million and total rental and management revenue increased 16.9% to $682.3 million. Total rental and management Gross Margin increased 17.6% to $521.0 million. Total selling, general, administrative and development expense was $76.8 million, including approximately $13.1 million of stock-based compensation expense. Adjusted EBITDA increased 19.7% to $465.6 million, and the Adjusted EBITDA Margin was 67%. The Company’s second quarter 2012 results include the reversal of approximately $4.9 million of revenue reserves and approximately $3.8 million of bad debt expense reserves, attributable to one of the Company’s tenants in Mexico. Total rental and management revenue Core Growth was approximately 22.7%, and Core Growth in Adjusted EBITDA was approximately 24.1%. Please refer to the selected statement of operations detail on page 14, which highlights the items affecting the Core Growth percentages.