American Tower Corporation

AMT
Sector

Real Estate

Industry

REIT - Specialty

Market Cap

$86.38B

Employees

5.6K

Company Overview

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.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

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

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights