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American Tower AMT · USD

Real Estate · Equity Real Estate Investment Trusts (REITs) · US listing · 🇺🇸 United States

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189.00

+0.11%

Close of 9 Nov 2026, in USD

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About American Tower

From its filings with the US Securities and Exchange Commission

SEC filings

American Tower is based in Boston, Massachusetts and is incorporated in Delaware. Its shares trade on NYSE under the ticker AMT. It is a member of the S&P 500. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $10.64bn and net income of $2.63bn. At that date it held total assets of $63.19bn and shareholders' equity of $3.65bn. By business, Property brought in 96.8% of revenue, followed by Services at 3.2%.

In its own words

Since inception, we have grown our communications real estate portfolio through acquisitions, long-term lease arrangements and site development. Our portfolio primarily consists of towers that we own and towers that we operate pursuant to long-term lease arrangements, as well as distributed antenna system (“DAS”) networks, which provide seamless coverage solutions in certain in-building and outdoor wireless environments. In addition to the communications sites in our portfolio, we manage rooftop and tower sites for property owners under various contractual arrangements. We also hold other telecommunications infrastructure, fiber and property interests that we lease primarily to communications service providers and third-party tower operators, and, as discussed further below, we hold a portfolio of highly interconnected data center facilities and related assets in the United States that we provide for the leasing of space primarily to enterprises, network operators, cloud providers and supporting service providers.

As of December 31, 2025, our communications real estate portfolio of 149,686 communications sites included 42,224 communications sites in the U.S. & Canada, 27,857 communications sites in Africa & APAC (as defined below), 32,524 communications sites in Europe and 47,081 communications sites in Latin America, as well as (i) urban telecommunications assets in Argentina, Brazil, Colombia and Spain, (ii) other property interests in Canada and the United States and (iii) 30 operating data center facilities across eleven markets in the United States.

Quoted from its 10-K, filed 24 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Real Estate
Industry
Equity Real Estate Investment Trusts (REITs)
Listed since
3 Jan 2012
Employees
4,866
Head office
222 BERKELEY STREET, BOSTON, MA, 02116
Incorporated in
DE
Classification
Real Estate Investment Trusts
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Ms. Pamela ReeveIndependent Chairman of the Board$460,151
  • Mr. Steven VondranPresident, Chief Executive Officer, Director, since 2018$13.4m
  • Mr. Rodney SmithChief Financial Officer, Executive Vice President, Treasurer$6.2m
  • Mr. Eugene NoelChief Operating Officer, Executive Vice President
  • Ms. Ruth DowlingExecutive Vice President, Chief Administrative Officer, General Counsel, Secretary$4.6m
  • Mr. Richard RossiExecutive Vice President, President - U.S. Tower
  • Mr. Robert MeyerSenior Vice President, Chief Accounting Officer
  • Mr. Juan FontSenior Vice President, President and Chief Executive Officer - CoreSite
  • Mr. Eugene ReillyDirector
  • Ms. Kelly ChamblissIndependent Director$340,151
  • Ms. Teresa ClarkeIndependent Director$340,151
  • Mr. Kenneth FrankIndependent Director$355,151

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
96
Environment
99
Social
99
Governance
90
Direct emissions (scope 1)
606,970 t
Energy emissions (scope 2)
534,154 t
Value chain emissions (scope 3)
4,269,175 t
Women in the workforce
30%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • American Tower Corp holds a dominant position in the global wireless communication tower industry, allowing them to leverage economies of scale and negotiate favorable terms with tenants.
  • The company owns and operates a vast portfolio of wireless towers, providing ample opportunities for revenue growth and expansion into emerging markets.
  • The significant upfront capital investment required to build and maintain wireless towers acts as a barrier to potential competitors, strengthening American Tower Corp's market position.

Weaknesses

  • The company's revenue is heavily reliant on long-term lease contracts with telecommunication companies. Any disruptions or terminations in these contracts could adversely impact their financial performance.
  • Government regulations and policies regarding wireless tower operations can affect American Tower Corp's ability to expand and operate in certain markets, potentially limiting their growth opportunities.
  • Building and maintaining wireless towers require substantial capital investments, which may strain the company's financial resources and limit their ability to pursue additional growth initiatives.

Opportunities

  • The increasing demand for mobile data, driven by the proliferation of smartphones and other connected devices, presents an opportunity for American Tower Corp to expand its tower portfolio and lease agreements.
  • Expansion into developing countries with growing telecommunication infrastructure needs can provide American Tower Corp with new revenue streams and an extended market presence.
  • The deployment of 5G technology requires increased network density, leading to potential demand for additional wireless towers. American Tower Corp can capitalize on this trend to enhance its tower portfolio and revenue generation.

Threats

  • American Tower Corp faces fierce competition from other tower infrastructure companies, which can lead to pricing pressures and reduced market share.
  • During economic downturns, telecommunication companies may cut back on infrastructure investments, impacting American Tower Corp's lease agreements and revenue streams.
  • Advancements in wireless technologies or alternative communication methods could potentially reduce the demand for traditional wireless tower infrastructure, posing a threat to American Tower Corp's business model.

Sources and methodology

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