American Tower Corporation is one of the largest global real estate investment trusts and a leading independent owner, operator, and developer of multitenant communications real estate. The company's primary business is leasing space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities, and tenants in other industries. The company also offers tower-related services in the United States, including site application, zoning and permitting, structural and mount analyses, and construction management. The company's portfolio primarily consists of towers that it owns and towers that it operates pursuant to long-term lease arrangements, as well as distributed antenna system (DAS) networks.

• Employees: 5,643 (as of December 31, 2023)
• Geographic Footprint: More than 20 countries
• Headquarters: Boston, Massachusetts
• Founded: Not available
• Number of locations/facilities: 224,502 communications sites and 28 data center facilities
• Revenue: $11.144 billion (FY2023)
• Market Capitalization: $90.2 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: ATC Asia Pacific Pte. Ltd., ATC Telecom Infrastructure Private Limited, American Towers LLC, SpectraSite Communications, LLC, American Tower International, Inc.

• CEO: Steven O. Vondran
• CFO: Rodney M. Smith
• Board Chair: Pamela D. A. Reeve
• Other Key Executives: Thomas A. Bartlett (Advisor to the Chief Executive Officer until May 1, 2024), Ruth T. Dowling (Executive Vice President, Chief Administrative Officer, General Counsel and Secretary), Sanjay Goel (Executive Vice President and President, Asia-Pacific), Robert J. Meyer (Senior Vice President and Chief Accounting Officer), Eugene M. Noel (Executive Vice President and President, U.S. Tower Division), Olivier Puech (Executive Vice President and President, Latin America and EMEA)

• Annual Revenue: $11.144 billion (FY2023)
• Net Income: $1.367 billion (FY2023)
• Market Cap: $90.2 billion (as of June 30, 2023)
• Total Assets: $66.027 billion (as of December 31, 2023)
• Employees: 5,643 (as of December 31, 2023)
• Key Financial Highlights: Property operations accounted for 99% of total revenues for the year ended December 31, 2023.

The company's main products and services include:

• Property Operations: Leasing space on communications sites, including towers, DAS networks, rooftop and tower sites, and data center facilities.
• Services Operations: Tower-related services in the United States, including site application, zoning and permitting, structural and mount analyses, and construction management.

The company reports its results in seven segments:

• U.S. & Canada property: Includes all assets in the United States and Canada, other than data center facilities and related assets.
• Asia-Pacific property
• Africa property
• Europe property
• Latin America property
• Data Centers
• Services

The U.S. & Canada property segment accounted for 48% of consolidated total revenue, Asia-Pacific 10%, Africa 11%, Europe 7%, Latin America 16%, Data Centers 7% for the year ended December 31, 2023.

The company's primary operational focus is to increase the occupancy of its existing communications real estate portfolio, invest in and selectively grow its communications real estate portfolio and service offerings, improve operational performance and efficiency, and maintain a strong balance sheet. The company also seeks to explore new opportunities to enhance or extend its shared communications infrastructure businesses.

• Key strategic initiatives: Increase occupancy of existing sites, invest in strategic data center assets, improve operational efficiency, and maintain a strong balance sheet.
• Growth drivers: Increasing demand for wireless services, deployment of advanced network technologies, and expansion into new markets.
• Investment priorities: Capital expenditure programs, acquisitions, and platform expansion opportunities.

The company operates in the highly competitive communications infrastructure industry. Key market trends include the increasing demand for wireless services, the deployment of advanced network technologies, and the consolidation of wireless service providers. The company competes with other public tower companies, wireless carrier tower consortia, private tower companies, and owners of non-communications sites.

• Market Position: One of the largest global real estate investment trusts and a leading independent owner, operator, and developer of multitenant communications real estate.
• Key Competitors: Crown Castle International Corp., SBA Communications Corporation, Telesites S.A.B. de C.V., Cellnex Telecom, S.A., Indus Towers Limited, and private tower companies.
• Industry Trends: Increasing demand for wireless services, deployment of advanced network technologies, and consolidation of wireless service providers.

• Market Risks: A significant decrease in leasing demand for communications infrastructure would materially and adversely affect the business. Competition due to pricing or alternative contractual arrangements from peers could materially and adversely affect lease rates.
• Operational Risks: The company may experience disputes with customers, which could lead to termination of leases or a deterioration in relationships. The company is also subject to risks related to its international operations, including economic, political, and other risks that could materially and adversely affect revenues or financial position.
• Financial Risks: The company's leverage and debt service obligations may materially and adversely affect its ability to raise additional financing and may reduce funds available to satisfy distribution requirements. The company is also subject to risks associated with fluctuations in foreign currency exchange rates.
• Regulatory Risks: The company's business is subject to national, state, and local regulatory requirements, including those related to the registration, siting, construction, lighting, and maintenance of towers. Non-compliance with applicable tower-related requirements may lead to monetary penalties or site deconstruction orders.