American Tower Corporation (AMT)

US — Real Estate Sector
Peers: EQIX  PLD  DLR  PSA  SPG  CCI  SBAC  O 

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Key Metrics & Ratings

  • symbol AMT
  • Rev/Share 22.3374
  • Book/Share 23.0023
  • PB 22.5037
  • Debt/Equity 11.3875
  • CurrentRatio 0.5899
  • ROIC 0.0704

 

  • MktCap 88971265701.0
  • FreeCF/Share 7.8859
  • PFCF 24.1056
  • PE 30.2717
  • Debt/Assets 0.7045
  • DivYield 0.0358
  • ROE 0.806

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 4
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade AMT BMO Capital Markets Outperform Market Perform -- $185 Jan. 9, 2026
Upgrade AMT New Street Neutral Buy -- $203 Jan. 5, 2026
Downgrade AMT Barclays Overweight Equal Weight -- $200 Dec. 1, 2025
Downgrade AMT RBC Capital Mkts Outperform Sector Perform -- $220 Oct. 2, 2025
Downgrade AMT HSBC Securities Buy Hold -- $235 July 30, 2025
Resumed AMT BofA Securities -- Buy -- $255 May 19, 2025
Resumed AMT Morgan Stanley -- Overweight -- $250 April 1, 2025
Upgrade AMT Wells Fargo Equal Weight Overweight $210 $230 March 17, 2025
Initiation AMT JMP Securities -- Mkt Outperform -- $225 Jan. 27, 2025
Downgrade AMT Wells Fargo Overweight Equal Weight $245 $230 Oct. 10, 2024

News

American Tower's Q4 AFFO & Revenues Beat Estimates, Rise Y/Y
AMT
Published: February 24, 2026 by: Zacks Investment Research
Sentiment: Positive

AMT tops Q4 with AFFO of $2.63 and 7.5% revenue growth, fueled by strong tenant billings, as it issues 2026 outlook.

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image for news American Tower's Q4 AFFO & Revenues Beat Estimates, Rise Y/Y
American Tower Corporation (AMT) Q4 2025 Earnings Call Transcript
AMT
Published: February 24, 2026 by: Seeking Alpha
Sentiment: Neutral

American Tower Corporation (AMT) Q4 2025 Earnings Call Transcript

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image for news American Tower Corporation (AMT) Q4 2025 Earnings Call Transcript
Compared to Estimates, American Tower (AMT) Q4 Earnings: A Look at Key Metrics
AMT
Published: February 24, 2026 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for American Tower (AMT) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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image for news Compared to Estimates, American Tower (AMT) Q4 Earnings: A Look at Key Metrics
American Tower (AMT) Surpasses Q4 FFO and Revenue Estimates
AMT
Published: February 24, 2026 by: Zacks Investment Research
Sentiment: Positive

American Tower (AMT) came out with quarterly funds from operations (FFO) of $2.63 per share, beating the Zacks Consensus Estimate of $2.54 per share. This compares to FFO of $2.32 per share a year ago.

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image for news American Tower (AMT) Surpasses Q4 FFO and Revenue Estimates
American Tower: The Turnaround May Already Be Underway
AMT
Published: February 20, 2026 by: Seeking Alpha
Sentiment: Positive

Q3 2025 is positioned as a potential inflection point for a turnaround. Q3 was likely the last quarter in which investors were distracted from a clear view of the business. Assuming AFFO of $10.53, the price/AFFO ratio is below 18. For a REIT with structural tailwinds, global operations, and AFFO growth in the high single digits, this is too low. I therefore believe that Q3 may have marked the beginning of a turnaround that should significantly benefit the share price in the coming months and quarters.

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image for news American Tower: The Turnaround May Already Be Underway
Ahead of American Tower (AMT) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
AMT
Published: February 19, 2026 by: Zacks Investment Research
Sentiment: Neutral

Get a deeper insight into the potential performance of American Tower (AMT) for the quarter ended December 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.

Read More
image for news Ahead of American Tower (AMT) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
5 Infrastructure REITs Quietly Powering AI While Getting No Credit for It
AMT, CCI, DLR, EQIX, IRM
Published: February 19, 2026 by: 24/7 Wall Street
Sentiment: Positive

While Nvidia (NASDAQ: NVDA | NVDA Price Prediction) stock surged 34.9% over the past year and the S&P 500 gained 12.2%, the infrastructure REITs powering AI's physical backbone have been left behind.

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image for news 5 Infrastructure REITs Quietly Powering AI While Getting No Credit for It
7-9% Yields: 2 Of The Best Monthly Dividend Machines Pumping Cash
AMLP, AMT, D, DUK, IYT, MLPX, NEE, NGG, NI, PFF, PFFA, TRP, UTF, XLU
Published: February 18, 2026 by: Seeking Alpha
Sentiment: Positive

One 7% yielding monthly-paying investment is trading at one of its widest discounts in years. The other quietly yields over 9% and has been growing its payout for five years in a row. While I like both, they also come with risks to keep in mind.

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image for news 7-9% Yields: 2 Of The Best Monthly Dividend Machines Pumping Cash
REIT Replay: U.S. REIT Indexes Climb During 1st Week Of February
AMT, BDN, CCI, DRH, FRMI, HPP, LAND, OUT, PINE, PKST, REXR, SHO, SVC
Published: February 09, 2026 by: Seeking Alpha
Sentiment: Positive

Indexes for US equity real estate investment trusts climbed during the first week of February, outperforming the S&P 500. The Dow Jones Equity All REIT index closed the recent week up 2.32%, while the MSCI US REIT (RMZ) index increased 3.09% over the recent week. The industrial and retail REIT indexes logged the largest increases, up 4.42% and 3.99%, respectively, followed by the healthcare REIT index, up 3.89%.

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image for news REIT Replay: U.S. REIT Indexes Climb During 1st Week Of February
Powell Under Pressure
AGG, AGNC, AGNCL, AGNCM, AGNCN, AGNCO, AGNCP, AHT, AMH, AMT, ARE, AVB, AWP, BLDG, BXMT, BXP, CCI, CDP, CUBE, DLR, DOC, EQIX, EQR, ESS, EXR
Published: January 19, 2026 by: Seeking Alpha
Sentiment: Neutral

U.S. equity markets posted mixed performance this past week as investors weighed a resilient slate of economic data against renewed tensions between the White House and the Fed. Investor reaction was surprisingly muted to news that the DOJ opened an investigation into Fed Chair Powell, but markets did reflect increased odds that the FOMC opts to dig in its heels. Encouragingly, benign consumer inflation data kept the broader disinflation narrative intact, while signs of a recovery in the long-sluggish housing sector suggested that affordability dynamics are finally improving.

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image for news Powell Under Pressure
AMT's CoreSite Launches Native 400G AWS Direct Connect in Chicago
AMT
Published: January 16, 2026 by: Zacks Investment Research
Sentiment: Neutral

American Tower's CoreSite launches native 400G AWS Direct Connect in Chicago to support high-bandwidth workloads and process large data volumes.

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image for news AMT's CoreSite Launches Native 400G AWS Direct Connect in Chicago
The State Of REITs: January 2026 Edition
ALEX, AMT, BBRE, DFAR, EQIX, FREL, FRMI, ICF, IYR, JPRE, NETL, NURE, PCH, PLD, PLYM, PPTY, REIT, REZ, RWR, SCHH, SOHO, USRT, VNQ, WELL, WSR
Published: January 14, 2026 by: Seeking Alpha
Sentiment: Negative

The REIT sector closed out 2025 with a tough December (-1.48%) and finishing the year with a -3.57% total return for 2025. Small caps (+0.51%) eked out a small gain in December, while mid caps (-1.77%), large caps (-2.55%) and micro caps (-3.88%) fell at the close of the year. 42.04% of REIT securities had a positive total return in December with only 38.36% in the black for the full year.

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image for news The State Of REITs: January 2026 Edition
Everyone Hates REITs - A Contrarian Opportunity
AGG, AGNC, AGNCL, AGNCM, AGNCN, AGNCO, AGNCP, AHR, AHT, AIV, ALEX, AMH, AMT, ARE, AVB, AWP, BHR, BLDG, BXMT, CCI, CIO, CSR, CUBE, CURB, DLR
Published: December 15, 2025 by: Seeking Alpha
Sentiment: Negative

REITs endured a brutal three-plus-year stretch since March 2022, underperforming the S&P 500 by an unprecedented 70 percentage points, far worse than the Global Financial Crisis. Extreme underperformance has left REITs historically cheap despite solid property-level fundamentals, but this valuation discount carries a cost: elevated capital costs, suppressed transaction activity, and limited external growth opportunities. Depressed public-market valuations have triggered a pronounced “REIT exodus,” with 40 REITs acquired, liquidated, or seeking sales since 2022, while new REIT formation has collapsed to a fraction of norms.

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image for news Everyone Hates REITs - A Contrarian Opportunity
Verizon or American Tower: Which is the Smarter 5G Bet for 2026?
AMT, VZ
Published: December 12, 2025 by: Zacks Investment Research
Sentiment: Positive

VZ's lower valuation and strong 5G momentum give it an edge over AMT in the 2026 telecom race.

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image for news Verizon or American Tower: Which is the Smarter 5G Bet for 2026?
American Tower Corporation (AMT) Presents at UBS Global Media and Communications Conference 2025 Transcript
AMT
Published: December 09, 2025 by: Seeking Alpha
Sentiment: Neutral

American Tower Corporation (AMT) Presents at UBS Global Media and Communications Conference 2025 Transcript

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image for news American Tower Corporation (AMT) Presents at UBS Global Media and Communications Conference 2025 Transcript
Is American Tower (AMT) a Buy as Wall Street Analysts Look Optimistic?
AMT
Published: November 28, 2025 by: Zacks Investment Research
Sentiment: Neutral

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

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image for news Is American Tower (AMT) a Buy as Wall Street Analysts Look Optimistic?
Touchstone Dividend Equity Fund Q3 2025 Portfolio Review
AAPL, AMT, AVGO, IFF, INTC, KLAC, LVS, ORCL, SHW, STZ, TXN
Published: November 13, 2025 by: Seeking Alpha
Sentiment: Positive

The Touchstone Dividend Equity Fund (Class A Shares, Load Waived) outperformed its benchmark, the Russell 1000 Value Index for the quarter ended September 30, 2025. Selection within Information Technology, Health Care, and Financials was the primary driver of positive relative returns, while selection within Communication Services and Materials detracted modestly. The Fund added one new name during the quarter, Sherwin-Williams Co. (SHW) and sold one name, Intel Corp. (INTC).

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image for news Touchstone Dividend Equity Fund Q3 2025 Portfolio Review
4 High-Yield Real Estate Stocks to Buy as Investors Get Defensive
AMT, FBRT, IRM, NTST
Published: November 13, 2025 by: MarketBeat
Sentiment: Neutral

Consumers are about as pessimistic about the state of the economy as they have ever been, amid a weakening labor market, disruptions related to the fall 2025 government shutdown, and concerns about an AI bubble. Though the S&P 500 appears to be continuing its ascent, having climbed by almost 17% this year, it is not surprising that investors are growing cautious as they wait for a (potentially major) course correction.

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image for news 4 High-Yield Real Estate Stocks to Buy as Investors Get Defensive
American Tower Stock Down Despite AFFO & Revenue Beat, '25 View Raised
AMT
Published: October 28, 2025 by: Zacks Investment Research
Sentiment: Neutral

AMT tops Q3 estimates with strong tenant billings, robust data center demand and an upbeat full-year FFO outlook.

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image for news American Tower Stock Down Despite AFFO & Revenue Beat, '25 View Raised
American Tower Corporation (AMT) Q3 2025 Earnings Call Transcript
AMT
Published: October 28, 2025 by: Seeking Alpha
Sentiment: Neutral

American Tower Corporation (NYSE:AMT ) Q3 2025 Earnings Call October 28, 2025 8:30 AM EDT Company Participants Spencer Kurn Steven Vondran - President, CEO & Director Rodney Smith - Executive VP, CFO & Treasurer Conference Call Participants Michael Funk - BofA Securities, Research Division Nicholas Del Deo - MoffettNathanson LLC James Schneider - Goldman Sachs Group, Inc., Research Division Ric Prentiss - Raymond James & Associates, Inc., Research Division Eric Luebchow - Wells Fargo Securities, LLC, Research Division David Barden - New Street Research LLP Michael Rollins - Citigroup Inc., Research Division Richard Choe - JPMorgan Chase & Co, Research …

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image for news American Tower Corporation (AMT) Q3 2025 Earnings Call Transcript
American Tower to Report Q3 Earnings: What to Expect From the Stock?
AMT
Published: October 24, 2025 by: Zacks Investment Research
Sentiment: Neutral

AMT's Q3 revenues are likely to have risen on 5G rollout, cloud growth and macro-tower investments, though AFFO per share may have slightly dipped.

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image for news American Tower to Report Q3 Earnings: What to Expect From the Stock?
Exploring Analyst Estimates for American Tower (AMT) Q3 Earnings, Beyond Revenue and EPS
AMT
Published: October 23, 2025 by: Zacks Investment Research
Sentiment: Neutral

Get a deeper insight into the potential performance of American Tower (AMT) for the quarter ended September 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.

Read More
image for news Exploring Analyst Estimates for American Tower (AMT) Q3 Earnings, Beyond Revenue and EPS
The State Of REITs: October 2025 Edition
AMT, BBRE, CIO, COLD, DFAR, DFGR, FREL, ICF, IYR, MRP, PECO, PLYM, RWR, SBAC, SCHH, UNIT, USRT, VNQ, WHLR, XLRE
Published: October 13, 2025 by: Seeking Alpha
Sentiment: Negative

After a strong August, REITs faded slightly in September (-0.73%), pulling the REIT sector's year-to-date average total return down to (-1.74%). Mid-cap REITs (-0.92%) averaged the lowest total return in September. Large caps (-0.29%), micro caps (-0.79%), and small caps (-0.83%) averaged modestly smaller declines. Only 37.4% of REIT securities had a positive total return in September.

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image for news The State Of REITs: October 2025 Edition
American Tower's Coresite Builds New DE3 Data Center in Denver
AMT
Published: October 07, 2025 by: Zacks Investment Research
Sentiment: Positive

AMT's Coresite is expanding its Denver footprint with the DE3 data center, the city's first new colocation site in two decades.

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image for news American Tower's Coresite Builds New DE3 Data Center in Denver
CoreSite Achieves Key Construction Milestone for New DE3 Data Center in Denver
AMT
Published: October 06, 2025 by: Business Wire
Sentiment: Neutral

DENVER--(BUSINESS WIRE)--CoreSite, an American Tower company (NYSE: AMT) empowering critical business and AI workloads that impact everyday life through interconnected data center solutions, recently celebrated a major construction milestone for its new DE3 data center at 4900 Race Street in Denver. CoreSite's leadership team, state and city leaders, customers, community partners and vendors gathered to commemorate the topping off of CoreSite's newest development project. CoreSite's DE3 data ce.

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image for news CoreSite Achieves Key Construction Milestone for New DE3 Data Center in Denver
SBA Communications Setting Up Ahead Of American Tower
AMT, SBAC
Published: October 01, 2025 by: Seeking Alpha
Sentiment: Neutral

SBA Communications and American Tower have disappointed investors over the last 3 years. The primary issue was that investors overpaid for growth. The secondary issue was even that expected growth didn't materialize.

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image for news SBA Communications Setting Up Ahead Of American Tower
American Tower's CoreSite Subsidiary Launches NY3 Data Center
AMT
Published: September 26, 2025 by: Zacks Investment Research
Sentiment: Positive

AMT expands CoreSite's footprint with the NY3 data center, boosting cloud connectivity and AI-ready infrastructure in the New York metro.

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image for news American Tower's CoreSite Subsidiary Launches NY3 Data Center
American Tower Remains An Attractive, Low-Risk Play
AMT
Published: September 25, 2025 by: Seeking Alpha
Sentiment: Positive

American Tower faces recent profit and cash flow declines, but revenue growth and raised 2025 guidance support continued optimism. AMT's Data Centers and international segments drive revenue gains, offsetting weakness in United States/Canada and Latin America due to currency impacts. Valuation is reasonable versus peers, especially given AMT's lower leverage and stronger financial flexibility compared to CCI and SBAC.

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image for news American Tower Remains An Attractive, Low-Risk Play
American Tower Corporation (AMT) Presents at Global Communications Infrastructure Conference Transcript
AMT
Published: September 16, 2025 by: Seeking Alpha
Sentiment: Neutral

American Tower Corporation (NYSE:AMT ) Global Communications Infrastructure Conference September 16, 2025 9:30 AM EDT Company Participants Rodney Smith - Executive VP, CFO & Treasurer Conference Call Participants Jonathan Atkin - RBC Capital Markets, Research Division Presentation Jonathan Atkin RBC Capital Markets, Research Division Welcome, everybody, to the first session of the first day of the 2025 edition of our Global Communications Infrastructure Conference. My name is Jon Atkin.

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image for news American Tower Corporation (AMT) Presents at Global Communications Infrastructure Conference Transcript
American Tower Corporation (AMT) Presents At Goldman Sachs Communacopia + Technology Conference 2025 Transcript
AMT
Published: September 10, 2025 by: Seeking Alpha
Sentiment: Neutral

American Tower Corporation (NYSE:AMT ) Goldman Sachs Communacopia + Technology Conference 2025 September 10, 2025 1:10 PM EDT Company Participants Steven Vondran - President, CEO & Director Conference Call Participants James Schneider - Goldman Sachs Group, Inc., Research Division Presentation James Schneider Senior Research Analyst Good morning, everybody. Welcome to the Goldman Sachs Communacopia and Technology Conference.

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image for news American Tower Corporation (AMT) Presents At Goldman Sachs Communacopia + Technology Conference 2025 Transcript

About American Tower Corporation (AMT)

  • IPO Date 1998-02-27
  • Website https://www.americantower.com
  • Industry REIT - Specialty
  • CEO Steven O. Vondran
  • Employees 4691

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at www.americantower.com.