American Tower Corporation (AMT)

US — Real Estate Sector
Peers: DLR  EQIX  SBAC  IRM  CCI  HASI  GLPI  EPR 

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Key Metrics & Ratings

  • symbol AMT
  • Rev/Share 21.9265
  • Book/Share 22.3952
  • PB 23.3866
  • Debt/Equity 12.1777
  • CurrentRatio 0.6142
  • ROIC 0.0653

 

  • MktCap 86893379823.0
  • FreeCF/Share 7.9954
  • PFCF 23.2267
  • PE 67.1642
  • Debt/Assets 0.7092
  • DivYield 0.0362
  • ROE 0.3623

 

  • 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 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 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
American Tower Corporation (AMT) Presents At Citi's 2025 Global Technology, Media And Telecommunications Conference Transcript
AMT
Published: September 03, 2025 by: Seeking Alpha
Sentiment: Neutral

American Tower Corporation (NYSE:AMT ) Citi's 2025 Global Technology, Media and Telecommunications Conference September 3, 2025 10:10 AM EDT Company Participants Steven Vondran - President, CEO & Director Conference Call Participants Michael Rollins - Citigroup Inc., Research Division Presentation Michael Rollins MD & U.S. Telecoms Analyst [Audio Gap] and infrastructure for Citi. Just a quick housekeeping item.

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image for news American Tower Corporation (AMT) Presents At Citi's 2025 Global Technology, Media And Telecommunications Conference Transcript
American Tower Stock Rises 11.2% YTD: Will it Continue to Rise?
AMT
Published: September 01, 2025 by: Zacks Investment Research
Sentiment: Positive

AMT stock rallies 11.2% YTD, driven by 5G expansion, long-term leases and steady dividend hikes.

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image for news American Tower Stock Rises 11.2% YTD: Will it Continue to Rise?
The Calm Before The Cut
AHT, AMT, BBRE, BHR, CCI, COLD, DRN, DRV, FCPT, FREL, FRI, GTY, HPP, IARAX, ICF, IVT, IYR, JRS, KBWY, LAND, LINE, MPW, NRO, OHI, PINE
Published: September 01, 2025 by: Seeking Alpha
Sentiment: Neutral

U.S. equity markets were little-changed this past week as a tranquil end-of-summer week with status-quo inflation and economic indicators concluded with a jolting post-close tariff headline with highly uncertain implications. An appeals court ruled that the White House exceeded its authority under the Emergency Powers Act - the mechanism used for broad “reciprocal” tariffs - setting up a final Supreme Court showdown. The fresh injection of tariff uncertainty precedes a critical stretch of employment and inflation data and a mid-September Federal Reserve meeting that is increasingly likely to be highly contentious.

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image for news The Calm Before The Cut
American Tower Corporation (AMT) Presents at KeyBanc Capital Markets Technology Leadership Forum
AMT
Published: August 11, 2025 by: Seeking Alpha
Sentiment: Neutral

American Tower Corporation (NYSE:AMT ) KeyBanc Capital Markets Technology Leadership Forum August 11, 2025 1:00 PM ET Company Participants Edward M. Knapp - Senior VP & CTO Conference Call Participants Brandon Lee Nispel - KeyBanc Capital Markets Inc., Research Division Brandon Lee Nispel Good morning, everybody.

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image for news American Tower Corporation (AMT) Presents at KeyBanc Capital Markets Technology Leadership Forum
Disinflation Dividend: REIT Earnings Scorecard
AMH, AMT, ARR, BBRE, BFS, BHR, CBL, CCI, CHCT, CIO, COLD, DRN, DRV, ELME, ELS, EPR, EQIX, ESS, EXR, FREL, FRI, GLPI, GPMT, IARAX, ICF, ILPT, INVH, IRM, IYR, JRS, KBWY, LAMR, LINE, LXP, NRO, NTST, OUT, PPTY, PSA, PSR, RC, REG, REIT, REK, RFI, RITM, RNP, RQI, RWR, SCHH, SEVN, SKT, SLG, SRS, SRVR, SUI, URE, USRT, VICI, VNQ, VRAI, WELL, XHR, XLRE
Published: August 10, 2025 by: Seeking Alpha
Sentiment: Positive

A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was a surprisingly common thread across second-quarter results, with the majority of the upside revisions being driven by improved expense expectations - the highest quantity of expense reductions ever. Healthcare REITs were notable upside standouts as senior housing fundamentals remained stellar, while skilled nursing REITs received some good news on the policy front via healthy CMS Medicare rate increases.

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image for news Disinflation Dividend: REIT Earnings Scorecard
3 Stocks Riding the AI Data Center Buildout Wave
AMT, JCI, VRT
Published: August 06, 2025 by: MarketBeat
Sentiment: Positive

Earnings season follows a predictable rhythm. Investors have now heard from many companies fueling the artificial intelligence (AI) revolution.

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image for news 3 Stocks Riding the AI Data Center Buildout Wave
American Tower's Meltdown Unwarranted - Buy The Raised Guidance
AMT
Published: July 31, 2025 by: Seeking Alpha
Sentiment: Neutral

The market has over-reacted to AMT's FQ2'25 AFFO per share miss by $0.01, with the -6.5% correction post-earnings overly done. This is especially since the management has raised their FY2025 guidance, with it signaling improved international telecom and data center related growth prospects. With numerous market leaders already signaling the multi-year capex spending trends and data demand/ subscriber growth, AMT is likely to continue outperforming ahead.

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image for news American Tower's Meltdown Unwarranted - Buy The Raised Guidance
American Tower Stock Declines Despite Revenue & AFFO Beat
AMT
Published: July 29, 2025 by: Zacks Investment Research
Sentiment: Negative

AMT lifts 2025 guidance after Q2 revenues and AFFO top estimates, but shares slip 4% as foreign currency losses weigh on investor sentiment.

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image for news American Tower Stock Declines Despite Revenue & AFFO Beat
American Tower Corporation (AMT) Q2 2025 Earnings Call Transcript
AMT
Published: July 29, 2025 by: Seeking Alpha
Sentiment: Neutral

American Tower Corporation (NYSE:AMT ) Q2 2025 Earnings Conference Call July 29, 2025 8:30 AM ET Company Participants Kate Reeb - Corporate Participant Rodney M. Smith - Executive VP, CFO & Treasurer Steven O.

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image for news American Tower Corporation (AMT) Q2 2025 Earnings Call Transcript
Compared to Estimates, American Tower (AMT) Q2 Earnings: A Look at Key Metrics
AMT
Published: July 29, 2025 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for American Tower (AMT) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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image for news Compared to Estimates, American Tower (AMT) Q2 Earnings: A Look at Key Metrics
Countdown to American Tower (AMT) Q2 Earnings: Wall Street Forecasts for Key Metrics
AMT
Published: July 24, 2025 by: Zacks Investment Research
Sentiment: Positive

Beyond analysts' top-and-bottom-line estimates for American Tower (AMT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2025.

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image for news Countdown to American Tower (AMT) Q2 Earnings: Wall Street Forecasts for Key Metrics
American Tower Corporation Releases 2024 Sustainability Executive Report
AMT
Published: July 23, 2025 by: Business Wire
Sentiment: Neutral

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today announced the release of its 2024 sustainability executive report and accompanying indices and supplements, which highlight the Company's progress across its three sustainability pillars: Environment, Social, and Governance. The report underscores American Tower's commitment to aligning sustainability with operational excellence and long-term value creation. “Our sustainability strategy is rooted in driving business value whi.

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image for news American Tower Corporation Releases 2024 Sustainability Executive Report
American Tower to Report Q2 Earnings: What to Expect From the Stock?
AMT
Published: July 22, 2025 by: Zacks Investment Research
Sentiment: Positive

AMT's Q2 results may show revenue and AFFO declines, but strength in services and data centers may have offered support.

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image for news American Tower to Report Q2 Earnings: What to Expect From the Stock?
American Tower Stock Up 19.3% YTD: Will It Continue to Rise?
AMT
Published: July 16, 2025 by: Zacks Investment Research
Sentiment: Positive

AMT stock rallies 19.3% YTD, fueled by 5G expansion, resilient leases and steady dividend hikes.

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image for news American Tower Stock Up 19.3% YTD: Will It Continue to Rise?
Is it Wise to Retain American Tower Stock in Your Portfolio Now?
AMT
Published: July 11, 2025 by: Zacks Investment Research
Sentiment: Positive

AMT is likely to gain from the solid demand for wireless connectivity and capital allocation strategy despite customer concentration and consolidation.

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image for news Is it Wise to Retain American Tower Stock in Your Portfolio Now?
Equity REITs: Takeaways From REITWeek 2025
AHR, AMH, AMT, ARE, AVB, BDN, BRX, BXP, COLD, CPT, CSR, CURB, CUZ, DLR, ELS, EQIX, EXR, GTY, HIW, HR, INVH, IRT, IVT, LINE, MAA
Published: July 02, 2025 by: Seeking Alpha
Sentiment: Positive

REITs are positioned for accelerating earnings growth in 2026-2027, with management teams expressing increased optimism despite ongoing macro uncertainties. Key investment themes include AI-driven data centers, senior housing benefiting from demographic trends, and residential REITs capitalizing on the housing shortage. REITs offer resilient cash flows, potential dividend growth, and superior capital access, making them attractive relative to other asset classes in the current environment.

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image for news Equity REITs: Takeaways From REITWeek 2025
Key Reasons to Add American Tower Stock to Your Portfolio Now
AMT
Published: July 01, 2025 by: Zacks Investment Research
Sentiment: Neutral

AMT eyes 5G and AI-fueled data center growth, backed by long-term leases and a strong balance sheet.

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image for news Key Reasons to Add American Tower Stock to Your Portfolio Now
American Tower: Market Is Complacent On Risk Of Disruption From Satellite Internet
AMT
Published: June 25, 2025 by: Seeking Alpha
Sentiment: Neutral

AMT has stabilized after past volatility, with strong fundamentals and accelerating growth expected as it laps tough international comparables and benefits from 5G rollouts. Current valuation (23x FFO, 3% yield) reflects optimism, but I see it as fully valued, offering market-like returns rather than clear outperformance. The market is underestimating long-term risks from satellite internet (e.g., Starlink), which could threaten the relevance of tower assets over time.

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image for news American Tower: Market Is Complacent On Risk Of Disruption From Satellite Internet
Buy These 2 REITs Before Wall Street Wakes Up
ADC, AMT, CCI, CUBE, PSA, SPY, TMUS, VNQ, WPC
Published: June 23, 2025 by: Seeking Alpha
Sentiment: Positive

The REIT market is often slow to react to big changes. This can result in great opportunities for active investors. I present two undervalued REITs that I am buying ahead of the crowd.

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image for news Buy These 2 REITs Before Wall Street Wakes Up
American Tower Stock Rises 18.7% YTD: Is it Too Late to Buy?
AMT
Published: June 13, 2025 by: Zacks Investment Research
Sentiment: Positive

AMT rallies 18.7% YTD as its data center push and focus on developed markets fuel investor confidence.

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image for news American Tower Stock Rises 18.7% YTD: Is it Too Late to Buy?
American Tower Corporation (AMT) Presents at Mizuho Technology Conference Transcript
AMT
Published: June 11, 2025 by: Seeking Alpha
Sentiment: Neutral

American Tower Corporation (NYSE:AMT ) Mizuho Technology Conference Call June 11, 2025 9:45 AM ET Company Participants Rodney M. Smith - Executive VP, CFO & Treasurer Conference Call Participants Jennifer Fritzsche - Unidentified Company Jennifer Fritzsche Terrific.

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image for news American Tower Corporation (AMT) Presents at Mizuho Technology Conference Transcript
Should You Hold Onto American Tower Stock in Your Portfolio for Now?
AMT
Published: June 09, 2025 by: Zacks Investment Research
Sentiment: Positive

AMT gains from 5G and data center demand, but Sprint churn and high debt weigh on near-term growth.

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image for news Should You Hold Onto American Tower Stock in Your Portfolio for Now?
Why Warren Buffett Doesn't Buy REITs, But I Do (With A Twist)
AMT, BAM, BN, BSRTF, BX, DLR, EPRT, O, PLD, RQI, SPG, VNQ, WELL
Published: June 05, 2025 by: Seeking Alpha
Sentiment: Neutral

Warren Buffett has only very rarely invested in REITs and has largely steered clear of the real estate sector. I detail why. I also share why I do invest in REITs and explain my unique approach to the sector.

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image for news Why Warren Buffett Doesn't Buy REITs, But I Do (With A Twist)

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.