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AMT US​

American Tower Corp /MA/(AMT US)

$188.97+7.404.08%Ext:$186.45-2.521.33%(Market Closed · 00:00:02 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

American Tower Corp /MA/ — Company Profile

American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a few other industries. The Company refers to this business, inclusive of its data center business discussed below, as its property operations. Additionally, the Company offers tower-related services in the United States, which the Company refers to as its services operations. These services include site application, zoning and permitting, structural and mount analyses, and construction management services, together with program management offerings that support customer deployment needs from project scoping through construction. The Company's services operations primarily support the Company's site leasing business, including through the addition of new tenants and equipment on its sites. The Company's customers include its tenants, licensees and other payers. American Tower Corporation was incorporated in 1995 in Delaware and is based in Massachusetts, Boston.

Sector
Real Estate
Industry
Specialized REITs
Exchange
UN
CEO
Steven O. Vondran
Headquarters
Boston, MA, US
IPO Date
Feb 27, 1998
Employees
4,866
Website
www.americantower.com

Key Metrics

Price
$162.20
Market Cap
$75.58B
Revenue (TTM)
$2.74B
Net Income (TTM)
$836.80M
EPS (TTM)
1.84
P/E (TTM)
26.26
P/B (TTM)
20.69
Dividend Yield
2.78%
ROE (TTM)
22.91%
ROA (TTM)
1.32%
Operating Margin
42.40%
Beta
-0.05

Dividends

Last Dividend
$1.79
Last Yield
0.03%

Summary

American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a few other industries. The Company refers to this business, inclusive of its data center business discussed below, as its property operations. Additionally, the Company offers tower-related services in the United States, which the Company refers to as its services operations. These services include site application, zoning and permitting, structural and mount analyses, and construction management services, together with program management offerings that support customer deployment needs from project scoping through construction. The Company's services operations primarily support the Company's site leasing business, including through the addition of new tenants and equipment on its sites. The Company's customers include its tenants, licensees and other payers. American Tower Corporation was incorporated in 1995 in Delaware and is based in Massachusetts, Boston.

Website
www.americantower.com
Location
Boston, MA, US
Phone617-375-7500
Employees4,866
CEOSteven O. Vondran
Sector
Real Estate
Industry
Specialized REITs
IPO DateFeb 27, 1998

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Latest Documents

SEC Filings(2.5K)

Expand
  • 4Statement of changes in beneficial ownership22 Oct
  • 4Statement of changes in beneficial ownership5 Oct
  • 3Initial statement of beneficial ownership23 Sep
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers18 Sep
  • 8-KEntry into a Material Definitive Agreement14 Sep
  • 424B2Prospectus filing (Rule 424(b)(2))10 Sep
  • 8-KOther Events9 Sep
  • FWPFree writing prospectus9 Sep
  • 424B5Prospectus filing (Rule 424(b)(5))9 Sep
  • 4Statement of changes in beneficial ownership25 Aug
  • 4Statement of changes in beneficial ownership31 Jul
  • 4Statement of changes in beneficial ownership30 Jul
  • 144Meyer Robert Joseph29 Jul
  • 144Dowling Ruth T28 Jul
  • 10-QQ2ended 30 Jun 202628 Jul
  • 8-KResults of Operations and Financial Condition28 Jul
  • CERTCERT8 Jun
  • 8-KOther Events4 Jun
  • 4Statement of changes in beneficial ownership3 Jun
  • 8-KOther Events2 Jun

News

  • ETFs to Capitalize on SpaceX's Wireless Carrier Ambitions23 Oct
  • SpaceX Talks Send Cell Tower Stocks Surging23 Oct
  • 5 Things to Know Before the Stock Market Opens on Friday23 Oct
  • SpaceX Is Coming for the Phone Companies, but the Tower Owners Win Either Way23 Oct
  • Wall Street Breakfast Podcast: Moderna's Good News Goes Bad23 Oct
  • Unlocking Q3 Potential of American Tower (AMT): Exploring Wall Street Estimates for Key Metrics22 Oct
  • American Tower Corporation: A Quality Tower REIT, But The Discount Is Gone22 Oct
  • American Tower (AMT) Stock Sinks As Market Gains: Here's Why21 Oct
  • What To Watch This REIT Earnings Season20 Oct
  • Generali Investments Management Co LLC Makes New Investment in American Tower Corporation $AMT19 Oct
  • AI Reality Check, Inflation Stress Test18 Oct
  • Dividend Champion, Contender, And Challenger Highlights: Week Of October 1816 Oct
  • American Tower (AMT) Beats Stock Market Upswing: What Investors Need to Know15 Oct
  • Krilogy Financial LLC Acquires 4,269 Shares of American Tower Corporation $AMT15 Oct
  • American Tower: An Opportunity To Invest In Tower REITs, As Mobile Demand Grows13 Oct
  • American Tower Corporation $AMT Stock Sold by Perpetual Ltd13 Oct
  • Take the Zacks Approach to Beat the Markets: HF Sinclair, Accenture & FirstCash in Focus12 Oct
  • 3 REITs That May Win in a Higher Interest Rate Environment12 Oct
  • American Tower (AMT) Surges 9.3%: Is This an Indication of Further Gains?12 Oct
  • Why American Tower Stock Jumped 8.6% Today9 Oct

Mentions in Filings

  • … lobal leader in commercial real estate services and investments, including as its chief financial officer. Prior to joining CBRE Group, Inc., Ms. Stearns served for 17 years in a variety of leadership roles with <strong>American Tower Corporation</strong>, (NYSE: AMT), a leading independent owner, operator, and developer of multitenant communications real estate, where she most recently served as senior vice president and chief financial officer of its U.S. divis …
    COPART INCAmerican Tower Corp /MA/·DEF 14A - Definitive proxy statement·Q2 27·22 Oct
  • … the telecommunication industry since 2002. He is regarded as an expert in negotiating the purchase of strategic telecommunication sites, money flow, and income. Mr. Contreras has worked with leading companies, such as <strong>American Tower</strong> and Nokia, on operational matters and serves as operations director for Mexico’s APWireless, a leader in the world for the purchase of money flow on telecommunication sites. His extensive experience has included the c …
    AKANDA CORP.American Tower Corp /MA/·F-1/A - AMENDMENT NO. 1 TO FORM F-1·Q4 26·19 Oct
  • … U.S. AI data center sales of medium-voltage UPS and battery energy storage system (BESS) solutions, closing hundreds of megawatts of medium-voltage UPS sales. Previously, he spent more than three years at CoreSite, an <strong>American Tower</strong> company, managing a portfolio of more than 140 enterprise data center accounts. Dr. Kuzniewski has established relationships across U.S. hyperscalers, neoclouds, colocation operators, developers, design firms and EPC …
    Electrovaya Inc.American Tower Corp /MA/·EX-99.1 - 6-K - PRESS RELEASE·Q1 27·14 Oct
  • … and urban areas. 55 *Competitive Strengths* There are many telecommunication infrastructure companies in the marketplace. Competitors in developing telecommunication towers include: Centennial Towers, QMC, Torrecom, MX Towers, MTP, and <strong>American Tower</strong>. On the fiber optic network side, competitors include: Neutral Networks, Summit1G, National Fiber Networks, Fermaca Networks, and ICOM Construcciones. First Towers strategically differentiates in:
    AKANDA CORP.American Tower Corp /MA/·F-1 - REGISTRATION STATEMENT·Q4 26·1 Oct
  • … ogies. Mr. Kalathur also served as Deere's chief financial officer from September 2012 to March 2019, and then again from May 2022 to September 2022. Since February 2025, Mr. Kalathur has served as a director of <strong>American Tower Corporation</strong>, a global real estate investment trust, which acts as an independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and an interconn …
    Vylor Inc.American Tower Corp /MA/·EX-99.1 - 8-K - Other Events·Q3 26·25 Sep
  • … ogies. Mr. Kalathur also served as Deere's chief financial officer from September 2012 to March 2019, and then again from May 2022 to September 2022. Since February 2025, Mr. Kalathur has served as a director of <strong>American Tower Corporation</strong>, a global real estate investment trust, which acts as an independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and an interconn …
    Vylor Inc.American Tower Corp /MA/·EX-99.1 - 10-12B/A - Registration statement (Section 12(b), amendment)·Q3 26·21 Sep

Key Stats

Trading

Px/Chg 1D$162.20 / +0.71%
Prev Close$175.85
% of 52Wk H86.65%
Avg Volume3.18M
Beta-0.05
Mkt Cap75.58B
FD Mkt Cap81.88B

Float

Shrs Out/Float465.96M / 464.52M
Short Float0.02%
Days to Cover1.92
Stock Repurchased$176.20M

Current Valuation

EV125.94B
EV/EBITDA18.37
EV/Sales11.64
P/B20.69
P/S6.99
FCF Yield1.26%
ROE22.91%
ROA1.32%
Current Ratio0.40

Dividend

Cash$1.79
Yield2.78%
Yield (TTM)2.78%

Estimates

P/E26.26
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings68.2552.7354.9843.76100.1789.62
Price / Sales16.999.658.159.7430.0427.40
Price / Book Value21.6716.7119.4329.1822.5220.53
Price / Free Cash Flow56.2951.0827.8926.6796.9578.85
ENTERPRISE VALUE METRICS
Enterprise Value136,485.7144,965.5132,776.9146,900.4132,432.6125,353.1
Enterprise Value / Sales27.3915.0313.2614.5148.3745.79
Enterprise Value / EBITDA40.9922.0422.1120.5371.5968.68
Enterprise Value / EBIT63.2344.9945.5129.21100.7295.74

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue3.3%9,356.99,645.410,012.210,127.210,645.1
Gross Income4.1%6,674.97,076.27,450.77,552.87,843.6
EBITDA37%6,032.96,577.16,004.07,154.16,122.8
EBIT2.4%3,700.33,222.02,917.55,029.34,062.1
Net Income-37.1%2,567.71,765.81,483.32,255.02,529.8
EPS (Diluted)-1.2%5.663.823.184.825.39
BALANCE SHEET
Cash & ST Inv-6.7%1,949.92,028.41,753.71,999.61,474.8
Total Assets-2.5%69,887.967,194.566,027.661,077.463,190.4
Total Liabilities-3.5%60,818.354,786.055,162.251,428.752,835.1
Total Shareholder Equity-7.9%5,081.25,572.44,198.23,382.23,652.5
CASH FLOW
Net Operating Cash Flow3.2%4,819.93,696.24,722.45,290.55,464.0
Cap Ex5.1%-1,376.7-1,873.6-1,798.1-1,590.0-1,680.4
Free Cash Flow2.4%3,443.21,822.62,924.33,700.53,783.6

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)187.97
Basic Shares465.96
Market Cap87,586.5
Diluted Shares466.83
Fully Diluted Shares Outstanding466.83
Fully Diluted Market Cap87,750.6
+Consolidated Debt45,131.2
−In-the-Money Convertible Debt—
+Capital Leases7,743.6
+Operating Leases—
−Cash & Equivalents-1,474.8
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest6,702.8
+Pension Liabilities—
Enterprise Value137,945.7

Segment data

Revenue

by Products and services

  • Property97%
  • Services Revenue3%

Revenue

by Geography

  • United States51%
  • Property, Latin America15%
  • Property, Africa13%
  • Property, Data Centers10%
  • Property, Europe9%

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