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American Tower
(NYSE:AMT)
American Tower (AMT) vs. SPDR S&P 500 ETF (SPY)
American Tower Business Overview & Revenue Model
American Tower Key Performance Indicators (KPIs)
American Tower Earnings Call Summary
American Tower Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.45B | 10.13B | 10.01B | 9.65B | 9.36B | 8.04B |
| Gross Profit | 1.89B | 7.55B | 7.45B | 7.08B | 6.67B | 5.81B |
| EBITDA | 6.26B | 7.15B | 6.00B | 6.58B | 6.03B | 4.50B |
| Net Income | 2.94B | 2.25B | 1.48B | 1.77B | 2.57B | 1.69B |
Balance Sheet | ||||||
| Total Assets | 59.25B | 61.08B | 66.03B | 67.19B | 69.89B | 47.23B |
| Cash, Cash Equivalents and Short-Term Investments | 1.95B | 2.00B | 1.75B | 2.03B | 1.95B | 1.75B |
| Total Debt | 45.01B | 43.95B | 46.31B | 47.05B | 52.01B | 36.71B |
| Total Liabilities | 53.12B | 51.43B | 55.16B | 54.79B | 60.82B | 42.45B |
| Stockholders Equity | 3.95B | 3.38B | 4.20B | 5.57B | 5.08B | 4.09B |
Cash Flow | ||||||
| Free Cash Flow | 3.69B | 3.70B | 2.92B | 1.82B | 3.44B | 2.85B |
| Operating Cash Flow | 5.24B | 5.29B | 4.72B | 3.70B | 4.82B | 3.88B |
| Investing Cash Flow | -1.75B | 410.60M | -1.70B | -2.36B | -20.69B | -4.78B |
| Financing Cash Flow | -3.67B | -5.45B | -3.10B | -1.42B | 16.42B | 1.22B |
American Tower Technical Analysis
American Tower Risk Analysis
American Tower Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $79.87B | 79.89 | 7.54% | 2.25% | 5.74% | -6.58% | |
| ― | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
| ― | $85.56B | 29.14 | 77.38% | 3.68% | -5.33% | 163.89% | |
| ― | $17.13B | 61.79 | 2.85% | 3.46% | -6.57% | -62.32% | |
| ― | $30.73B | 757.83 | ― | 2.88% | 10.72% | -81.96% | |
| ― | $21.33B | 24.42 | ― | 2.18% | 1.82% | 71.39% | |
| ― | $42.89B | ― | -276.36% | 5.56% | -26.56% | -369.24% |
American Tower Corporate Events
American Tower Corporation, a leading global real estate investment trust (REIT), specializes in owning, operating, and developing multitenant communications real estate, including a vast portfolio of over 149,000 communications sites and interconnected data center facilities.
American Tower Corporation’s recent earnings call conveyed a positive sentiment, underscored by a strong growth trajectory in AFFO per share, impressive data center performance, and an optimistic guidance for the year. Despite facing challenges such as legal disputes with AT&T Mexico and DISH Network, and modest exposure to UScellular, the company’s robust financial standing and strategic initiatives foster a favorable outlook.
On September 23, 2025, American Tower Corporation reached an agreement with AT&T Mexico to resolve a legal dispute over withheld tower rents. AT&T Mexico will pay the majority of the withheld rents and resume monthly payments, while remaining amounts will be held in escrow pending arbitration or mutual consent.
The most recent analyst rating on (AMT) stock is a Buy with a $250.00 price target. To see the full list of analyst forecasts on American Tower stock, see the AMT Stock Forecast page.
On September 16, 2025, Olivier Puech announced his retirement from his position as Executive Vice President and President, International, effective January 2, 2026. Additionally, on September 18, 2025, American Tower Corporation declared a quarterly cash distribution of $1.70 per share, payable on October 20, 2025, to stockholders of record as of September 30, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders.
The most recent analyst rating on (AMT) stock is a Buy with a $250.00 price target. To see the full list of analyst forecasts on American Tower stock, see the AMT Stock Forecast page.
On September 16, 2025, American Tower Corporation completed a public offering of $200 million in 4.900% senior unsecured notes due 2030 and $375 million in 5.350% senior unsecured notes due 2035, raising approximately $587.8 million. The proceeds will be used to repay existing debt and for general corporate purposes, impacting the company’s financial strategy by consolidating its debt and potentially improving its credit standing. The issuance underlines the company’s strategic financial management and its commitment to maintaining operational flexibility while adhering to specific covenants that limit mergers, asset sales, and the incurrence of liens.
The most recent analyst rating on (AMT) stock is a Buy with a $250.00 price target. To see the full list of analyst forecasts on American Tower stock, see the AMT Stock Forecast page.
On September 11, 2025, American Tower Corporation announced the pricing of its registered public offering of senior unsecured notes due 2030 and 2035, with principal amounts of $200 million and $375 million, respectively. The proceeds, expected to be approximately $587.8 million, will be used to repay existing indebtedness under its $4 billion senior unsecured revolving credit facility and for general corporate purposes, potentially strengthening the company’s financial position and operational flexibility.
The most recent analyst rating on (AMT) stock is a Hold with a $203.00 price target. To see the full list of analyst forecasts on American Tower stock, see the AMT Stock Forecast page.
On September 3, 2025, Steven O. Vondran, CEO of American Tower Corporation, revealed at the Citi 2025 Global TMT Conference that the company is in a legal dispute with AT&T Mexico, which has withheld tower rents since early 2025, impacting approximately $300 million of tenant revenue from 2024. The company has set aside $10 million in reserves for the second quarter of 2025 and may incur more if the situation persists, though it remains confident in its legal position. Additionally, Vondran discussed the company’s relationship with DISH Network, noting that DISH contributes around 2% of American Tower’s total annual property revenue, under a Master Lease Agreement valid until 2036.
The most recent analyst rating on (AMT) stock is a Buy with a $255.00 price target. To see the full list of analyst forecasts on American Tower stock, see the AMT Stock Forecast page.
On August 22, 2025, American Tower Corporation announced the election of Eugene F. Reilly to its Board of Directors and Compensation Committee. Reilly, who has extensive experience in real property investment and management, previously held significant roles at Prologis, Inc., including Vice Chairman and Chief Investment Officer. His appointment is expected to enhance American Tower’s market leadership and provide valuable insights for optimizing its global portfolio, ultimately benefiting shareholders.
The most recent analyst rating on (AMT) stock is a Hold with a $225.00 price target. To see the full list of analyst forecasts on American Tower stock, see the AMT Stock Forecast page.
The recent earnings call for American Tower Corporation conveyed a generally positive sentiment, highlighting significant growth in the CoreSite data center business and a robust performance in the U.S. services sector. The company has raised its financial outlook for 2025, buoyed by increased application volumes and favorable foreign exchange conditions. However, challenges persist in Latin America, with muted growth and rising bad debt, alongside timing issues in U.S. leasing commencements.