American Tower Corp (AMT)
Real Estate · Telecom Tower REITs · US stock · S&P 500 component
$185.27
▲ +3.91 (2.16%)
Day's range
$180.54 – $185.88
52-week range
$158.35 – $192.15
About American Tower Corp
Wireless towers and other communications sites are owned and operated by American Tower, which leases space on them to mobile network operators. Carriers mount their antennas and equipment on the structures to provide coverage, and the company also operates data centre facilities. It is structured as a real estate investment trust, and its portfolio spans the United States and a range of international markets, including Latin America, Africa and Europe.
Revenue comes from rent paid by tenants under long-term leases, which usually include built-in annual increases. Revenue was $10.9 billion over the last twelve months, with growth of 3.3% a year over the last three years. The operating margin is 44.8%, and the business earns a profit of 9% on the capital invested in it. Net debt is 6.2 times EBITDA. It pays a dividend with a yield of 3.8%. On the site's X-Ray Score it receives 49 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $158.35 – $192.15Volume 2,458,500Daily, split-adjusted
Vitals
Market cap$86.4B
52-week range$158.35 – $192.15
Volume (last day)2,458,500
P/E (TTM)24.7
EBIT / EV yield3.6%
Free-cash-flow yield4.6%
Dividend yield3.8%
Revenue (TTM)$10.9B
Net income (TTM)$3.5B
Operating margin44.8%
Return on capital9.3%
Debt incl. leases$45.0B
Cash & securities$1.8B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
Not rated
REIT valuation (FFO multiples + DDM) not built yet: not rated
What this means
Read the lenses below
A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Real Estate peers. Open a lens to see the numbers behind it.
Valuation
Weak
46/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield3.6%
Free-cash-flow yield4.6%
Growth
Weak
46/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)3.3%
EPS growth (3y)12.2%
Growth consistency80%
Profitability
Fair
58/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital9.3%
Operating margin44.8%
Financial health
Weak
45/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA6.2×
Interest cover3.5×
Dividends
Weak
45/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield3.8%
Dividends vs free cash flow83%
Dividend growth5.4%
Quarterly results: last 6 quarters
+2.0%
Mar '25
+3.2%
Jun '25
+7.7%
Sep '25
+7.5%
Dec '25
+6.8%
Mar '26
+4.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.7B, diluted EPS $1.86.
Compare with peers
SBAC Sba Communications Cor...56 CCI Crown Castle Inc.50Other Telecom Tower REITs companies by X-Ray Score.
Fundamentals checklist
● 3 Good · ● 7 Average · ● 4 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Good
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverAverage
Valuation
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 49/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $9.4B | $9.6B | $10.0B | $10.1B | $10.6B |
| Operating income | $3.1B | $2.7B | $3.1B | $4.5B | $4.8B |
| Net income | $2.6B | $1.7B | $1.4B | $2.3B | $2.6B |
| Operating cash flow | $4.8B | $3.7B | $4.7B | $5.3B | $5.5B |
| Operating margin | 33.5% | 28.4% | 31.2% | 44.6% | 45.5% |
| Free cash flow | $3.4B | $1.8B | $2.9B | $3.7B | $3.8B |
| Diluted EPS | $5.66 | $3.82 | $3.18 | $4.82 | $5.40 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 175.0 | Bullish |
| EMA 10 | 177.1 | Bullish |
| SMA 20 | 170.8 | Bullish |
| EMA 20 | 173.9 | Bullish |
| SMA 50 | 172.1 | Bullish |
| EMA 50 | 172.3 | Bullish |
| SMA 100 | 172.6 | Bullish |
| EMA 100 | 172.5 | Bullish |
| SMA 200 | 173.5 | Bullish |
| EMA 200 | 174.6 | Bullish |
Oscillators (daily)
| RSI (14) | 69.37 | Neutral |
| MACD (12, 26) | 2.87 | Bullish |
| Momentum (12) | 13.18 | Bullish |
| Stochastic %K (14) | 97.62 | Bearish |
| Williams %R (14) | -2.38 | Bearish |
| CCI (20) | 130.7 | Bearish |
Pivot points (classic, last session)
S3 176.6 | S2 178.6 | S1 181.9 | Pivot 183.9 | R1 187.3 | R2 189.2 | R3 192.6 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
7.07 USD
Yield on today's price
3.82%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 30 Sep 2026 | 1.7900 |
| 12 Jun 2026 | 1.7900 |
| 14 Apr 2026 | 1.7900 |
| 29 Dec 2025 | 1.7000 |
| 30 Sep 2025 | 1.7000 |
| 13 Jun 2025 | 1.7000 |
| 11 Apr 2025 | 1.7000 |
| 27 Dec 2024 | 1.6200 |
| 9 Oct 2024 | 1.6200 |
| 14 Jun 2024 | 1.6200 |
| 11 Apr 2024 | 1.6200 |
| 27 Dec 2023 | 1.7000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
AMT SEC filings
18 Sep 2026
8-KSEC EDGAR
Director or officer change; Other events
14 Sep 2026
8-KSEC EDGAR
Entered a material agreement
9 Sep 2026
424B5SEC EDGAR
424B5
9 Sep 2026
8-KSEC EDGAR
Other events
28 Jul 2026
10-QSEC EDGAR
Quarterly report
28 Jul 2026
8-KSEC EDGAR
Results of operations
4 Jun 2026
8-KSEC EDGAR
Other events
2 Jun 2026
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.