American Tower Corporation AMT
American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a few other industries. The Company refers to this business, inclusive of its data center business discussed below, as its property operations. Additionally, the Company offers tower-related services in the United States, which the Company refers to as its services operations. These services include site application, zoning and permitting, structural and mount analyses, and construction management services, together with program management offerings that support customer deployment needs from project scoping through construction. The Company's services operations primarily support the Company's site leasing business, including through the addition of new tenants and equipment on its sites. The Company's customers include its tenants, licensees and other payers. American Tower Corporation was incorporated in 1995 in Delaware and is based in Massachusetts, Boston.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-24 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
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Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $10.65B | $2.53B | $2.04B | $6.10B | $5.46B |
| 2024 | $10.13B | $2.25B | $2.12B | $7.15B | $5.29B |
| 2023 | $10.01B | $1.48B | $3.09B | $6.00B | $4.72B |
| 2022 | $9.65B | $1.77B | $3.36B | $6.58B | $3.70B |
| 2021 | $9.36B | $2.57B | $2.33B | $6.03B | $4.82B |
| 2020 | $8.04B | $1.69B | $1.88B | $4.50B | $3.88B |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-09-30 | 2026-09-30 | 2026-10-20 | 2026-09-17 | $1.79 | Quarterly |
| 2026-06-12 | 2026-06-12 | 2026-07-13 | 2026-05-21 | $1.79 | Irregular |
| 2026-04-14 | 2026-04-14 | 2026-04-28 | 2026-03-05 | $1.79 | Quarterly |
| 2025-12-29 | 2025-12-29 | 2026-02-02 | 2025-12-04 | $1.70 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-20 | 2025-09-18 | $1.70 | Quarterly |
| 2025-06-13 | 2025-06-13 | 2025-07-11 | 2025-05-15 | $1.70 | Irregular |
| 2025-04-11 | 2025-04-11 | 2025-04-28 | 2025-03-06 | $1.70 | Quarterly |
| 2024-12-27 | 2024-12-27 | 2025-02-03 | 2024-12-05 | $1.62 | Irregular |
| 2024-10-09 | 2024-10-09 | 2024-10-25 | 2024-09-12 | $1.62 | Quarterly |
| 2024-06-14 | 2024-06-14 | 2024-07-12 | 2024-05-23 | $1.62 | Quarterly |
| 2024-04-11 | 2024-04-12 | 2024-04-26 | 2024-03-14 | $1.62 | Quarterly |
| 2023-12-27 | 2023-12-28 | 2024-02-01 | 2023-12-14 | $1.70 | Quarterly |
| 2023-10-10 | 2023-10-11 | 2023-10-27 | 2023-09-20 | $1.62 | Quarterly |
| 2023-06-15 | 2023-06-16 | 2023-07-10 | 2023-05-25 | $1.57 | Quarterly |
| 2023-04-13 | 2023-04-14 | 2023-04-28 | 2023-03-09 | $1.56 | Quarterly |
| 2022-12-27 | 2022-12-28 | 2023-02-02 | 2022-12-08 | $1.56 | Quarterly |
| 2022-10-07 | 2022-10-11 | 2022-10-26 | 2022-09-22 | $1.47 | Quarterly |
| 2022-06-16 | 2022-06-17 | 2022-07-08 | 2022-05-19 | $1.43 | Quarterly |
| 2022-04-12 | 2022-04-13 | 2022-04-29 | 2022-03-11 | $1.40 | Quarterly |
| 2021-12-23 | 2021-12-27 | 2022-01-14 | 2021-12-16 | $1.39 | Quarterly |
| 2021-09-27 | 2021-09-28 | 2021-10-15 | 2021-09-16 | $1.31 | Quarterly |
| 2021-06-17 | 2021-06-18 | 2021-07-09 | 2021-05-27 | $1.27 | Quarterly |
| 2021-04-12 | 2021-04-13 | 2021-04-29 | 2021-03-04 | $1.24 | Quarterly |
| 2020-12-24 | 2020-12-28 | 2021-02-02 | 2020-12-03 | $1.21 | Quarterly |
Coverage (payout of operating cash flow): 61.48%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.