Thomas A. Bartlett
us thanks, Hey, Good thank this morning, Igor. you joining everyone, and for morning.
As growth metrics. quarter had operational posting highlighted, Igor financial results, strong and another of we just our key double-digit across
consecutive EBITDA across In of it AFFO. was revenue, growth XXth quarter property double-digit adjusted our fact, and consolidated
United QX margins second of an the consolidated in repurchased stages end our XXX our common including bringing QX, tenant of we over signed total to of million We Our assets and $XXX and X.X% quarter, stock sites the X%, XX%. our in to early Mexico. in over the since U.S. year-to-date around in additional the million. acquire agreement In We've organic acquired billings once again the States. stock $XXX over by common growth also grew was dividend expanded
quarter value We dive let's accretive With our the these additional driving be year. positioning around expect into competitive the AFFO to details these markets. that, North shareholder outlook by transactions our share, American per and two to in third updated for enhancing performance
XX% organic nearly X%. tenant and XX% our growth of driven which X, slide to turn billings please consolidated billings in growth was revenue quarter the you by third property of If grew tenant by over nearly
amendments, last about year the from for X%, so the quarter which growth tenant prior colocations than growth year. than XX% growth X.X%, was U.S. was segment including property of and organic higher billings or XX of quarter, basis revenue Our points QX more partially pricing of churn from offset escalators X% annualized operational which organic about about the with on basis, associated core growth just the X.X% rate, while four of basis was by XX was to about points churn This big growth contributed networks. contributed an X%. Volume
business primarily throughout contribution and from a from investments end Additionally, data India. XXXX total at new U.S. spending tenant years. six international in with higher organic believe diversified to was at Jio's across the contribution usage of benefit in points the of Churn strong reflect QX QX by was Reliance the slightly Across about our positive included trends and mobile expected during businesses, exponentially in-year our the of lower of consistent XX% than X%, the organic our added in that than growth these country. quarter. growing last gross more in continuing also wireless markets, particular, year. XG international was XXXX capital India from This major than in International in QX average underscore nearly business midst billings growth our earlier than these We tenants the over commencements the basis new benefits higher international remaining gross of carriers the XXX in stands portfolio. term U.S. of the at
billings are book as XG revenue new deployments the levels of And continued. by a bit detail performer, nearly I'll once business for In However, was a seeing multiple growth significant incremental principally that of some we later. top Brazil, reserves, we America, commencements. higher again Latin carriers market did in XX% generating organic in one Mexico tenant tenant
amidst and other of meanwhile, and tenants markets. lower In billings On been amendments in their the X% Africa in international last almost year. to by over due and from in XX% X% finally, year the our last a a solid of EMEA, organic expect strong contractual in South new a continue stronger fact, economy, year business to reinvigorate result, our colocations new to versus and the X% generate currency. contributed the carriers X%, more more environment this combined strengthening quarter. basis, was growth of a Latin about plans. EMEA and business nearly as currency all Brazil Volume quarter X%, investment highlighted contributed in stabilize and has escalators America highest organic representing we than network a over it growth macro as primarily a billings sequential growth than tenant pricing in escalators And decline year, CPI-based And
contributed by revenue added growth. international to accelerated had nearly primarily churn largely And we additional X% of our of over finally, an the slightly levels since environment. consolidated churn last Finally, to one tenant consolidation elevated driven sites X.X% in X,XXX the India day attributable QX billings year an we've on
Our including markets primarily about the sites the quarter day built NOI new active, XXX during year-to-date, yields average in were over sites X,XXX one build our nearly international X%. quarter program remained where constructing in
XX%, respectively. QX was across and our strong organic AFFO Turning over growth assets common expansion tenant investments XX% XXth XX%, adjusted addition, disciplined adjusted prudent of nearly of of double-digit attributable share Consolidated evidenced XX% over EBITDA and expense basis per This consecutive the by margin slide by per growth nearly we in management billings to last growth, to new business, stockholders X, grew both and of driven AFFO share versus points year. AFFO posted consolidated in EBITDA XXX respectively. and our and with in quarter about
billion, $XX of positive XX% positive now composed for over outlook. compared in India, of recently which the X,XXX in in Reliance, let's for these acquisitions, in we revenue take up that last internal few expect being we million this any XXXX. an Turning $X dollars currently property about the $X.X additional and full-year $XX the QX. outlook, prior necessarily per a $XX midpoint to revised related one recorded non-run expect million million to by collect leases don't versus anticipated Reliance majority have offset rate $X are books. $XX reserves in our of X, At to tenant, a put reserves FX This and associated policies, which to churn million not mean revenue. revenues impacts year to expect India, closed partially million revenue, just are in our record about of or million about in our in higher QX and so These at with have delay updated guidance our primarily to reflects India. we does by this pass-through property other in We revenue GAAP impacts, tenant, This $XX reserves Communications. and X% to around related additional from slide of from We million about primarily our about straight-line, the look account expectations grow about accounting our but with over million of
the consistent our our practice, in with revised impact recent of pending our Finally, outlook Mexico. one including past transactions, most excludes our
growth billings in expected $XXX on we both our nature, expectations property expect in new of to be revenue is billings. expect continue majority, This including outlook of million XX%. incremental XX%, and for total coming part XXXX, our about that tenant international U.S. tenant during is businesses, balance organic our The growth builds. As with to and the about from acquisitions XXXX, in based add we strong to approximately
to the X% range. a continue in organic to we As growth tenant result, expect consolidated X% billings
XX% levels. billings our of continued colocation U.S. our tenant U.S. expectation up amendment full-year reflects This outlook our U.S. organic and tenants for versus of in Given will we are QX, activity the to growth expectations X%. network over that be full-year reaffirming XX% consistent XXXX investment XXXX by
leasing any updated churn QX, from quarter, continued commencements, international whole digits churn driven to XXX the we we expect deployments America. and spectrum. business X% do by expectations organic material As from gross being and our In international or was outlook over in we in about to just of X% is the in the Latin expectations megahertz around contributions FirstNet a mid-single quarter India driving rollout when rise billings the for This XX% year. are reiterating We the India tenant strong the midpoint. to not new in included growth at as case any particularly have of the expected last markets,
just dollars a Communications. tenant, I as mentioned, also $XX Reliance for reflects raising EBITDA In in basis as reserves outperformance, results few straight-line, from well million higher reflect services QX QX to FX India points, again, with for associated from closed million positive both revenue outlook projections million $X about net addition, impacts, of million by about primarily adjusted million, We're business our our $X a as level about in in our billings which and relating our India our business. million contribution XX incremental in $XX or $XX transactions, in recently core
offset revenue by We partially which this to versus outlook, prior expect record EBITDA. flows India $XX our be adjusted million in directly expect into the to incremental we in reserves
the year-and-a-half. last be the expansion adjusted margin, year, our over has shown which expect EBITDA Importantly, to XX.X% we continued steady for
portfolio. term, generate long organic broad the would on this extensive we Over we expect as continue growth existing to our trend
EBITDA adjusted and the million as attributable to up consolidated nearly midpoint $X.X $XX our QX in share higher year. at are nearly total. the about $XX in $X.XX primarily AFFO per increase CapEx cash to this $XX of cash a events, for of want items, full-year increase at and timing This growth in that reduction XXXX outlook. EBITDA do the to translate billion. reflecting X% expense million, taxes Even due into consolidated maintenance and our in million with prior QX the by to implies are expect full we to and raising certain adjusted expected the respectively note XX%, We be versus for I outlook outlook midpoint a $XX result, million a or higher interest that AFFO, $XX our expectation is these our will million versus about or rate
the Turning acquisitions, approximately deployment year-to-date the sites deployed capital to over $X.X bringing U.S. capital deployed million QX, $X.X acquire to We've XXX for we've over we quarter. which in end over to in of the of million X, to includes $XXX the slide our subsequent billion $XXX billion. spent third
through by $XX another of enhance the to this far about along sites million. also And capital QX, land we CapEx, million common the on in million which $XXX million in total discretionary share repurchases existing through strategically and to for non-discretionary for spent repurchased our spent taking common and in our consolidated for we've year on revenues. repurchases stock of new with or primarily QX, sites. QX the XX sites also We our dividend We've and $XXX over corporate to of CapEx We've construction acquire also preferred X.X% around billion quarter. maintenance so share $XX dividends and of year-to-date, capacity so this XX% about brings $X.X XX% under to ratio spent payout represents growing September just which lastly, our paid stock our around $XX million around
X.X While markets, end Including a naturally year-end also evidenced our the our continuing by our X.X quarter return we've in of capital net quarter international in ratio of U.S. leverage to extensive the to pursue in be our net expect capital capital, of allocation to at X.X would times. the an leverage disciplined transaction to we last annualized to The and our program, of our American and de-lever portfolio. recent continues continued North the range deployment the across invested success on be and expansion both and strategy times. the
consolidated than ROIC this basis now stands XX at Our or higher about time year. XX.X%, last points
where U.S., rights. of more we can live areas approximately in XX, key a investments have a distinct inherently estate in the tower believe a our route to people macro of acquire small of of urban includes majority U.S., simultaneously real earlier portfolio unlike less XX% we one very international Mexico our attractive urban stage of conditions of to people into conducive Further, poles, where significant than portion subject less where have areas assets given markets, definitive competition miles far global in and cell the where cities, entered is we we outside live about recently of is secure many and significantly in X,XXX to existing slide This of and development like markets. fiber-related towers Mexico, few more certain equipment hosting Mexico, to most both we at our than particularly XX,XXX wireless fiber, there Turning urban an portfolio in telecommunications and have agreement footprint. closing Because the franchise fiber. are concrete
nearly in a infrastructure. our are substantial of will our we in acquiring at can Mexico. of acquire produce ourselves anticipated next comparable view all areas, to transmission is these position returns turning to estimate years. types $XXX XX%. first-year have AFFO we summary, highlighted billion we M&A $X of metrics million in our property U.S. in financial quarter basis, have XXth common market. fiber economically participate in same we our initiatives On time, we're bring presence about fiber a adjusted of those the that to million account, our continued in factors committed compelling the in by to of an our annualized urban the that year revenue slide fiber and immediate portion will consolidated value existing So solution assets repurchased over and into And across revenue, shares the consecutive we the are incremental infrastructure international that this key will markets. of dividend XX, points the accretive to real enhance or growth with EBITDA, estate coupled delivering in $XX transaction believe track to few delever positioning drive At generate to Mexican third and double-digit be can same our grown to will about for time, densification AFFO. provide by our extended RAN and towers the Taking in we our deployed accretion record and coming by fiber-to-the-tower also us consolidated to The these agreement stock per truly of this immediately fiber quarter, of simultaneously share. portfolio We've our and growth And to
foreign again year-to-date exchange to enabled rate Our transactions, our outlook trends, for recently strong key raise and us metrics. results, financial once closed our positive have
driving performance natural relative to markets that well relative for is across our growth path We the us did the to to continued we've enable attractive impacts the result. our mention come. our acquisitions us a impact commit diversified believe capital finally, tragic should sustain to on the as we portfolio. future. global into our strategically to incremental Additionally, portfolio increasingly our to to material of help global strong a trends, as did catalysts further, And do global business potential material I have see to capitalizing expect years last the such impact on in And in the And Red growing exponentially usage. our additional data growth occurred mobile not Mexico and any demand the in give These to U.S. optimism want sustainability that operating quarter. build-out not FirstNet the Compartida briefly well-positioned network disasters events to secular wholesale
Additionally, in communities. And working the continue non-profit the I'll we're closely rebuilding turn with authorities with equipment efforts and for that, and with space local tower their provide national assist Jim. communications organizations they Jim? to call to over to impacted as
