American Tower (AMT)
(Delayed Data from NYSE)
$223.66 USD
-5.62 (-2.45%)
Updated Oct 4, 2024 04:00 PM ET
After-Market: $223.64 -0.02 (-0.01%) 7:58 PM ET
3-Hold of 5 3
D Value C Growth D Momentum D VGM
Company Summary
Boston, MA-based American Tower Corporation is a leading independent operator of wireless communications towers. The company leases space on its communication sites to tenants and offers a range of tower-related services. Its tenants include wireless service providers, broadcasters and other communication service providers. It is also an S&P 500 constituent.
As of June 30, 2024, American Tower had a global portfolio of more than 224,000 communication sites spread across 25 countries. The company’s communication sites included 42,564 in the United States & Canada, 77,131 in the Asia Pacific, 24,605 in Africa, 31,491 in Europe and 48,242 in Latin America. As ...
Company Summary
Boston, MA-based American Tower Corporation is a leading independent operator of wireless communications towers. The company leases space on its communication sites to tenants and offers a range of tower-related services. Its tenants include wireless service providers, broadcasters and other communication service providers. It is also an S&P 500 constituent.
As of June 30, 2024, American Tower had a global portfolio of more than 224,000 communication sites spread across 25 countries. The company’s communication sites included 42,564 in the United States & Canada, 77,131 in the Asia Pacific, 24,605 in Africa, 31,491 in Europe and 48,242 in Latin America. As of the same date, American Tower’s portfolio included 28 data center facilities across 10 markets in the United States, encompassing 3.3 million net rentable square feet of data center space.
In December 2021, American Tower acquired CoreSite for $10.4 billion, including the assumption and repayment of CoreSite’s existing debt. It added more than 20 data center facilities and related assets in eight U.S. markets to its portfolio and capitalized on CoreSite’s highly interconnected data center facilities and critical cloud on-ramps.
American Tower reports under the Property segment (99% of its total revenues for 2023) and the Service segment (1%). The Property segment includes the U.S. & Canada property, Asia-Pacific property, Africa property, Europe property and Latin America property segments and the Data Centers segment. The Service segment offers tower-related services in the United States, including site application, zoning and permitting and structural analysis, which primarily support the company’s site-leasing business, including the addition of new tenants and equipment at sites.
In September 2024, American Tower concluded the sale of all equity interests in its operations in India, referred to as “ATC India,” to Data Infrastructure Trust (“DIT”) for $2.5 billion. This Infrastructure Investment Trust is sponsored by an affiliate of Brookfield Asset Management.
Note: All EPS numbers presented in this report represents funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation, amortization, and other non-cash expenses to net income.
General Information
American Tower Corporation
116 HUNTINGTON AVE
BOSTON, MA 02116
Phone: 617-375-7500
Fax: 617-375-7575
Web: http://www.americantower.com
Email: investor.relations@americantower.com
Industry | REIT and Equity Trust - Other |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 9/30/2024 |
Earnings Date | 10/29/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 2.59 |
Current Year EPS Consensus Estimate | 10.51 |
Estimated Long-Term EPS Growth Rate | 21.60 |
Earnings Date | 10/29/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 229.28 |
52 Week High | 243.56 |
52 Week Low | 154.58 |
Beta | 0.83 |
20 Day Moving Average | 2,211,380.25 |
Target Price Consensus | 238.17 |
4 Week | -5.29 |
12 Week | 6.20 |
YTD | 3.60 |
4 Week | -10.94 |
12 Week | 3.69 |
YTD | -11.12 |
Shares Outstanding (millions) | 467.08 |
Market Capitalization (millions) | 104,467.48 |
Short Ratio | NA |
Last Split Date | NA |
Dividend Yield | 2.90% |
Annual Dividend | $6.48 |
Payout Ratio | 0.62 |
Change in Payout Ratio | 0.04 |
Last Dividend Payout / Amount | NA / $0.00 |
Fundamental Ratios
P/E (F1) | 21.29 |
Trailing 12 Months | 21.40 |
PEG Ratio | 0.99 |
vs. Previous Year | 13.41% |
vs. Previous Quarter | 0.00% |
vs. Previous Year | 4.64% |
vs. Previous Quarter | 2.34% |
Price/Book | 10.02 |
Price/Cash Flow | 22.58 |
Price / Sales | 9.21 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 23.06 |
3/31/24 | 18.45 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 3.77 |
3/31/24 | 3.11 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 0.81 |
3/31/24 | 0.85 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 0.81 |
3/31/24 | 0.85 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 21.95 |
3/31/24 | 18.42 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 21.95 |
3/31/24 | 18.42 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 24.14 |
3/31/24 | 19.48 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 22.32 |
3/31/24 | 22.83 |
9/30/24 | NA |
6/30/24 | NA |
3/31/24 | NA |
9/30/24 | Pending Next EPS Report |
6/30/24 | 3.42 |
3/31/24 | 3.39 |
9/30/24 | Pending Next EPS Report |
6/30/24 | 77.37 |
3/31/24 | 77.25 |