American Tower Corporation (AMT)

Sector: Real Estate|Industry: REIT - Specialty|Market Cap: $86.38B|Employees: 5.6K


American Tower Corporation is a leading global real estate investment trust that owns, operates, and develops multitenant communications real estate, primarily leasing space on communications sites to wireless service providers and other industries. The company's portfolio consists of towers, DAS networks, and data centers across the U.S., Asia, Africa, Europe, and Latin America. American Tower's competitive advantage lies in its global scale and ability to add new tenants and equipment to existing sites.

  1. Filings

Filing Highlights

Financial Performance

Total operating revenues increased to $2,900.3 million, a 4% increase compared to $2,771.7 million in the same period last year. Property revenue increased by 5% while services revenue increased by 10%.

Net income attributable to American Tower Corporation common stockholders decreased to $475.7 million, a 49% decrease compared to $900.3 million in the same period last year. This is primarily due to an increase in operating expenses and other expenses.

Operating income decreased to $873.7 million, a 32% decrease compared to $1,284.3 million in the same period last year. This is primarily due to a 17% increase in total operating expenses.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG initiatives

Market Environment