American Tower/$AMT
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About American Tower
American Tower owns and operates about 150,000 wireless towers throughout the US, Asia, Latin America, Europe, and Africa. It also owns and/or operates 30 data centers in 11 US markets through its CoreSite segment. The company's customer base in the tower business is very concentrated, with most revenue in each market generated by the top three or four mobile carriers. The company operates 42,000 towers in the US, which accounted for about half of total revenue in 2025. Outside the US, American Tower operates about 47,000 towers in Latin America (dominated by Brazil), 33,000 towers in Europe, and 28,000 towers in Africa. American Tower operates as a REIT.
- Ticker
- $AMT
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 4,866
- Headquarters
- Boston, United States
- Website
- www.americantower.com
American Tower Metrics
BasicAdvanced
$86B
25.49
$7.27
0.88
$6.98
3.86%
Price and volume
Market cap
$86B
Beta
0.88
52-week high
$196.08
52-week low
$160.06
Average daily volume
3M
Dividend rate
$6.98
Financial strength
Current ratio
0.352
Quick ratio
0.272
Long term debt to equity
3.815
Total debt to equity
4.387
Dividend payout ratio (TTM)
95.08%
Interest coverage (TTM)
3.53%
Profitability
EBITDA (TTM)
6,990.8
Gross margin (TTM)
73.77%
Net profit margin (TTM)
31.08%
Operating margin (TTM)
45.45%
Effective tax rate (TTM)
10.83%
Revenue per employee (TTM)
$2,250,000
Management effectiveness
Return on assets (TTM)
4.89%
Return on equity (TTM)
33.91%
Valuation
Price to earnings (TTM)
25.486
Price to revenue (TTM)
7.908
Price to book
23.21
Price to tangible book (TTM)
-3.85
Price to free cash flow (TTM)
21.85
Free cash flow yield (TTM)
4.58%
Free cash flow per share (TTM)
8.479
Dividend yield (TTM)
3.77%
Forward dividend yield
3.86%
Growth
Revenue change (TTM)
6.65%
Earnings per share change (TTM)
162.40%
3-year revenue growth (CAGR)
1.67%
10-year revenue growth (CAGR)
7.62%
3-year earnings per share growth (CAGR)
51.83%
10-year earnings per share growth (CAGR)
16.26%
3-year dividend per share growth (CAGR)
4.25%
10-year dividend per share growth (CAGR)
13.37%
What the Analysts think about American Tower
Analyst ratings (Buy, Hold, Sell) for American Tower stock.
Analyst projections of the future price of American Tower stock.
Bulls say / Bears say
Q2 property revenue rose 6.3% and AFFO increased 3.8%; American Tower also raised its 2026 outlook for a second time, signalling improving operating momentum. (U.S. Securities and Exchange Commission)
CoreSite offers a faster-growing second engine: the data-centre business reported record leasing and roughly 12% cash revenue growth, as cloud and AI customers seek more capacity and connectivity. (Financial Times, U.S. Securities and Exchange Commission)
Wireless carriers’ need to expand network capacity could support future tower leasing. Reuters reported that US operators were ramping up infrastructure investment amid rising mobile-data use, and AMT cited leasing demand when it raised its 2026 forecast. (Reuters)
Organic tenant billings grew only 1.7% in Q2, showing that current underlying tower growth remains modest despite stronger reported revenue. (U.S. Securities and Exchange Commission)
Latin American organic tenant billings fell by more than 2% in Q2 as elevated churn in Brazil weighed on the region, illustrating the risk that carrier consolidation can erase tower rental growth. (U.S. Securities and Exchange Commission, Financial Times)
Debt is a meaningful constraint: AMT had about $37.2bn of obligations at the end of Q2, while quarterly interest expense rose to $354.5m from $342.6m a year earlier. Higher financing costs could limit the cash available for growth and shareholder returns. (U.S. Securities and Exchange Commission)
Data summarised monthly by Lightyear AI. Last updated on 9 Oct 2026.
American Tower Financial Performance
Revenues and expenses
American Tower Earnings Performance
Company profitability
Upcoming events
American Tower News
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Funds containing American Tower
AllUSDEURGBP
Fund name | Fund size | $AMT weighting |
|---|---|---|
Global X Data Center REITs & Digital Infrastructure$VPN | $347M | 14.42% |
Invesco Real Estate S&P US Select Sector$XRES | $150M | 6.80% |
Invesco Real Estate S&P US Select Sector£XREP | $150M | 6.80% |
iShares Global Infrastructure€INFR | €2.1B | 2.64% |
Invesco S&P 500 High Dividend Low Volatility$HDLV | $456M | 2.24% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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