American Tower (AMT) CFO Rod Smith stated at a Citi conference that the company expects 2026 to be the trough for organic tenant billings growth, followed by an acceleration in 2027. Growth drivers include reduced Dish Network churn, improved carrier network investment, 5G capacity expansion, high-band spectrum, AI-driven uplink traffic, and future 6G deployments. The company's long-term goals are a 200-300 basis point expansion in tower business margins and mid-to-high single-digit adjusted funds from operations (AFFO) per share growth.