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

Property revenue increased marginally from $2,482.4 million to $2,488.2 million YoY. Services revenue demonstrated significant growth, jumping from $30.2 million to $74.6 million, indicating a strong performance in that segment.

Net income attributable to American Tower Corporation common stockholders decreased from $917.4 million in 2024 to $488.7 million in 2025. This substantial decline suggests potential challenges in profitability or increased expenses.

Total operating expenses decreased from $1,371.6 million to $1,308.7 million YoY. This was primarily driven by a decrease in property costs, indicating improved operational efficiency or cost management in that area.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG initiatives

Market Environment