American Tower (AMT) Stock Price

American Tower Price

NYSE·CLOSED
173.00USD-0.36 (-0.21 %)
Market closed

Over the last 19 years American Tower grew revenue by 11.6% annually, reaching 10.65 B USD. Earnings per share have grown at 26.4% per year over the last 19 years. For American Tower, the net margin of 23.8% is down versus 27.4% a few years ago. At today's price the dividend yield works out to roughly 3.93%. The payout ratio is around 126% of earnings. The dividend has grown at 23.6% per year over the past 14 years. The consensus 12-month price target for American Tower is 219.30 USD, about 26.8% above where the stock trades today. Of 27 analysts, 20 rate the stock a buy — an overall Buy consensus. The stock trades about 7% above its 52-week low.

American Tower stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of American Tower over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how American Tower stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing American Tower's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

American Tower Stock Price History
DateAmerican Tower Price
8/3/2026173.00 USD
7/31/2026173.36 USD
7/30/2026174.46 USD
7/29/2026173.56 USD
7/27/2026167.59 USD
7/23/2026164.65 USD
7/22/2026166.06 USD
7/21/2026163.39 USD
7/20/2026167.06 USD
7/17/2026170.06 USD
7/16/2026168.92 USD
7/15/2026168.63 USD
7/14/2026168.83 USD
7/13/2026169.79 USD
7/10/2026168.59 USD
7/9/2026165.00 USD
7/8/2026165.05 USD
7/7/2026165.25 USD
7/6/2026161.63 USD
7/2/2026166.03 USD
7/1/2026166.08 USD
6/30/2026163.57 USD
6/29/2026168.46 USD
6/26/2026175.59 USD
6/25/2026168.72 USD
6/24/2026174.46 USD
6/23/2026179.38 USD
6/22/2026177.63 USD
6/18/2026180.10 USD
6/17/2026182.87 USD
6/16/2026185.70 USD
6/15/2026184.76 USD
6/12/2026189.60 USD
6/11/2026189.09 USD
6/10/2026190.80 USD
6/9/2026190.83 USD
6/8/2026189.10 USD
6/5/2026194.12 USD
6/4/2026186.35 USD
6/3/2026187.19 USD
6/2/2026186.16 USD
6/1/2026186.24 USD
5/29/2026185.89 USD
5/28/2026186.84 USD
5/27/2026186.60 USD
5/26/2026183.90 USD
5/22/2026181.79 USD
5/21/2026184.20 USD
5/20/2026182.80 USD
5/19/2026183.00 USD
5/18/2026177.28 USD
5/15/2026170.63 USD
5/14/2026170.50 USD
5/13/2026173.87 USD
5/12/2026178.82 USD
5/11/2026177.47 USD
5/8/2026176.53 USD
5/7/2026179.77 USD
5/6/2026180.16 USD
5/5/2026178.12 USD
5/4/2026180.88 USD
5/1/2026181.61 USD
4/30/2026182.71 USD
4/29/2026178.19 USD
4/28/2026178.40 USD
4/27/2026175.30 USD
4/24/2026178.21 USD
4/23/2026179.01 USD
4/22/2026176.31 USD
4/21/2026174.76 USD
4/20/2026181.66 USD
4/17/2026182.36 USD
4/16/2026178.60 USD
4/15/2026176.99 USD
4/14/2026176.41 USD
4/13/2026180.94 USD
4/10/2026179.29 USD
4/9/2026179.93 USD
4/8/2026176.18 USD
4/7/2026174.08 USD
4/6/2026176.14 USD
4/2/2026173.85 USD
4/1/2026171.02 USD
3/31/2026172.58 USD
3/30/2026170.36 USD
3/27/2026169.52 USD
3/26/2026168.92 USD
3/25/2026167.06 USD
3/24/2026170.36 USD
3/23/2026176.61 USD
3/20/2026178.37 USD
3/19/2026182.76 USD
3/18/2026182.76 USD
3/17/2026185.07 USD
3/16/2026184.71 USD
3/13/2026184.41 USD
3/12/2026179.86 USD
3/11/2026182.85 USD
3/10/2026187.01 USD
3/9/2026186.64 USD
3/6/2026188.59 USD
3/5/2026187.64 USD
3/4/2026190.80 USD
3/3/2026190.25 USD
3/2/2026190.20 USD
2/27/2026191.86 USD
2/26/2026185.01 USD
2/25/2026183.01 USD
2/24/2026190.19 USD
2/23/2026190.05 USD
2/20/2026187.31 USD
2/19/2026184.79 USD
2/18/2026186.62 USD
2/17/2026193.09 USD
2/13/2026192.10 USD
2/12/2026188.19 USD
2/11/2026180.63 USD
2/10/2026178.51 USD
2/9/2026173.71 USD
2/6/2026171.11 USD
2/5/2026172.19 USD
2/4/2026176.55 USD
2/3/2026172.99 USD
2/2/2026173.70 USD
1/30/2026178.78 USD
1/29/2026181.34 USD
1/28/2026177.51 USD
1/27/2026180.07 USD
1/26/2026179.46 USD
1/23/2026178.75 USD
1/22/2026177.44 USD
1/21/2026178.17 USD
1/20/2026178.01 USD
1/16/2026183.57 USD
1/15/2026181.55 USD
1/14/2026177.48 USD
1/13/2026173.96 USD
1/12/2026171.53 USD
1/9/2026168.51 USD
1/8/2026170.33 USD
1/7/2026169.44 USD
1/6/2026175.82 USD
1/5/2026176.25 USD
1/2/2026175.01 USD
12/31/2025175.57 USD
12/30/2025176.72 USD
12/29/2025175.83 USD
12/26/2025176.41 USD
12/24/2025174.80 USD
12/23/2025174.51 USD
12/22/2025172.53 USD
12/19/2025172.41 USD
12/18/2025174.29 USD
12/17/2025178.49 USD
12/16/2025179.13 USD
12/15/2025180.26 USD
12/12/2025180.70 USD
12/11/2025181.71 USD
12/10/2025180.26 USD
12/9/2025179.55 USD
12/8/2025183.20 USD
12/5/2025178.86 USD
12/4/2025178.83 USD
12/3/2025176.18 USD
12/2/2025175.81 USD
12/1/2025176.27 USD
11/28/2025181.27 USD
11/26/2025181.24 USD
11/25/2025179.76 USD
11/24/2025179.57 USD
11/21/2025179.56 USD
11/20/2025179.12 USD
11/19/2025180.50 USD
11/18/2025181.55 USD
11/17/2025180.47 USD
11/14/2025183.59 USD
11/13/2025181.13 USD
11/12/2025183.35 USD
11/11/2025184.79 USD
11/10/2025179.72 USD
11/7/2025178.10 USD
11/6/2025177.51 USD
11/5/2025179.43 USD
11/4/2025180.35 USD
11/3/2025176.64 USD
10/31/2025178.98 USD
10/30/2025178.19 USD
10/29/2025178.01 USD
10/28/2025183.01 USD
10/27/2025189.73 USD
10/24/2025191.52 USD
10/23/2025190.30 USD
10/22/2025191.19 USD
10/21/2025192.37 USD
10/20/2025193.08 USD
10/17/2025191.30 USD
10/16/2025191.47 USD
10/15/2025189.71 USD
10/14/2025186.51 USD
10/13/2025183.20 USD
10/10/2025185.96 USD
10/9/2025186.01 USD
10/8/2025185.60 USD
10/7/2025186.97 USD
10/6/2025185.92 USD
10/3/2025190.11 USD
10/2/2025191.17 USD
10/1/2025193.32 USD
9/30/2025192.32 USD
9/29/2025194.55 USD
9/28/2025194.55 USD
9/25/2025194.27 USD
9/24/2025193.71 USD
9/23/2025194.28 USD
9/22/2025193.22 USD
9/19/2025193.11 USD
9/18/2025193.03 USD
9/17/2025197.22 USD
9/16/2025194.35 USD
9/15/2025192.58 USD
9/12/2025195.21 USD
9/11/2025196.55 USD
9/10/2025193.76 USD
9/9/2025194.60 USD
9/8/2025193.65 USD
9/5/2025199.95 USD
9/4/2025195.09 USD
9/3/2025196.26 USD
9/2/2025200.49 USD
8/29/2025203.17 USD
8/28/2025202.56 USD
8/27/2025203.27 USD
8/26/2025207.45 USD
8/25/2025211.12 USD
8/22/2025211.12 USD
8/21/2025209.73 USD
8/20/2025209.50 USD
8/19/2025206.65 USD
8/18/2025203.13 USD
8/15/2025208.11 USD
8/14/2025203.46 USD
8/13/2025204.15 USD
8/12/2025204.62 USD
8/11/2025206.08 USD
8/8/2025207.28 USD
8/7/2025210.01 USD
8/6/2025208.90 USD
8/5/2025210.05 USD
8/4/2025212.99 USD
Access this data via the Eulerpool API

American Tower Revenue, FFO, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
FFO
Net Income
Details
Date
Revenue
FFO
Net Income
Jan 1, 2023
10.01 B USD
4.45 B USD
1.48 B USD
Jan 1, 2024
10.13 B USD
4.41 B USD
2.26 B USD
Jan 1, 2025
10.65 B USD
4.67 B USD
2.53 B USD
Jan 1, 2026 (e)
10.95 B USD
0.00 USD
3.09 B USD
Jan 1, 2027 (e)
11.27 B USD
0.00 USD
3.17 B USD
Jan 1, 2028 (e)
11.90 B USD
0.00 USD
3.53 B USD
Jan 1, 2029 (e)
12.51 B USD
0.00 USD
3.96 B USD
Jan 1, 2030 (e)
13.23 B USD
0.00 USD
4.25 B USD

American Tower Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 4, 2026, 4:08 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
4.775.796.667.447.588.049.369.6510.0110.1310.6510.9511.2711.9012.5113.23
16.3721.2515.1811.661.886.0816.353.093.811.155.122.822.955.585.155.72
72.6169.0969.1970.7370.7972.3071.3373.3674.4174.5773.6873.6873.6873.6873.6873.68
3.464.004.615.265.375.816.677.087.457.557.848.068.308.779.229.74
1.611.852.001.912.692.893.132.743.134.524.884.164.284.524.755.02
33.7932.0329.9925.6035.4635.9033.4828.3931.2144.5945.8437.9837.9837.9837.9837.98
0.690.961.241.241.891.692.571.771.482.262.533.093.173.533.964.25
-16.8739.5629.50-0.1652.67-10.4451.89-31.24-15.9852.0612.1522.182.5211.5512.087.27
1.812.752.623.153.784.535.215.866.456.486.807.167.778.42
29.2951.93-4.7320.2320.0019.8415.0112.4810.070.474.945.298.528.37
427.80429.90432.47444.30445.92446.35457.13466.70467.45468.42469.14469.14469.14469.14469.14469.14
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales American Tower generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue American Tower retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare American Tower's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares American Tower has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against American Tower's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

American Tower stock margins

The American Tower margin analysis displays the gross margin, EBIT margin, as well as the profit margin of American Tower. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for American Tower.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
71.34 %
33.47 %
27.44 %
Jan 1, 2022
73.36 %
28.39 %
18.31 %
Jan 1, 2023
74.42 %
31.22 %
14.81 %
Jan 1, 2024
74.58 %
44.60 %
22.27 %
Jan 1, 2025
73.68 %
45.85 %
23.76 %
Jan 1, 2026 (e)
73.68 %
37.98 %
28.23 %
Jan 1, 2027 (e)
73.68 %
37.98 %
28.12 %
Jan 1, 2028 (e)
73.68 %
37.98 %
29.71 %

American Tower Stock Revenue, EBIT, Earnings per Share

The American Tower earnings per share therefore indicates how much revenue American Tower has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
20.47 USD
6.85 USD
5.62 USD
Jan 1, 2022
20.67 USD
5.87 USD
3.78 USD
Jan 1, 2023
21.42 USD
6.69 USD
3.17 USD
Jan 1, 2024
21.62 USD
9.64 USD
4.81 USD
Jan 1, 2025
22.69 USD
10.40 USD
5.39 USD
Jan 1, 2026 (e)
23.35 USD
8.86 USD
6.59 USD
Jan 1, 2027 (e)
24.04 USD
9.12 USD
6.76 USD
Jan 1, 2028 (e)
25.38 USD
9.63 USD
7.54 USD

American Tower business model & stock analysis

The American Tower Corporation (ATC) is a leading provider of wireless infrastructure. The company was founded in 1995 and is headquartered in Boston, Massachusetts. History ATC was established to provide telecommunications providers with access to higher locations such as towers, antenna masts, and rooftop installations. In 1998, the company went public and expanded its services to the international market. In the following years, ATC expanded its portfolio by acquiring several companies and investing in new technologies. Today, ATC operates thousands of sites in the United States and in more than 20 countries worldwide. Business Model ATC provides wireless infrastructure for mobile network operators, cable operators, and other companies offering wireless data transfer. The company's model is simple: it owns towers, antenna masts, and other sites, and then leases them to telecommunications providers. Due to the high costs of building and maintaining towers and antenna masts, it is more cost-effective for telecommunications providers to enter into a lease agreement with ATC, rather than owning their own infrastructure. Divisions ATC operates three business segments: US Business, International Business, and Network Solutions. The largest segment of ATC is the US Business, where the company owns over 40,000 sites. ATC's International Business segment operates in over 20 countries and manages thousands of sites worldwide. ATC's Network Solutions segment provides technology solutions to support network expansion and optimization. This division focuses on improving network efficiency and maximizing network coverage. Products ATC offers services in various areas, including: - Tower Operation and Management: ATC operates and manages thousands of towers and antenna masts in the US and worldwide. - Rooftop Installations: ATC installs and operates antennas and other wireless infrastructure on building rooftops. - Small Cells: ATC offers small, powerful cells that enable expanded network coverage and can handle data-intensive traffic. - Network Solutions: ATC provides various technology solutions to improve network efficiency and maximize network coverage. Conclusion The American Tower Corporation is a key player in the wireless telecommunications industry. ATC operates thousands of sites worldwide and offers telecommunications providers cost-effective access to infrastructure that would be otherwise expensive and difficult to reach. With an extensive product range and an international business segment, ATC is well positioned to continue growing and expanding.

American Tower SWOT Analysis

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.

American Tower Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

American Tower Employees
Details
Date
American Tower Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

American Tower Segments

American Tower Revenue by Segment (1/5)

  • 3 Years

  • 5 Years

  • Max

Property
Non-lease property revenue
Services
Details
Date
Property
Non-lease property revenue
Property Lease Revenue
Services
Non-Lease Revenue
Power And Fuel Pass-Through Revenue
Other Non-Lease Revenue
Services Revenue
Jan 1, 2020
0.00 USD
407.80 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
11.00 B USD
0.00 USD
0.00 USD
143.00 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
9.93 B USD
0.00 USD
0.00 USD
193.70 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
10.31 B USD
0.00 USD
0.00 USD
339.60 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD

American Tower Revenue by Segment (2/5)

  • 3 Years

  • Max

Non-lease property revenue
Services revenue
Details
Date
Non-lease property revenue
Services revenue
Jan 1, 2020
0.00 USD
0.00 USD
Jan 1, 2021
469.90 M USD
247.30 M USD
Jan 1, 2022
613.90 M USD
241.10 M USD
Jan 1, 2023
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD

American Tower Revenue by Segment (3/5)

  • 3 Years

  • 5 Years

  • Max

Services
Details
Date
Services
Jan 1, 2020
87.90 M USD
Jan 1, 2021
0.00 USD
Jan 1, 2022
0.00 USD
Jan 1, 2023
0.00 USD
Jan 1, 2024
0.00 USD
Jan 1, 2025
0.00 USD

American Tower Revenue by Segment (4/5)

  • 3 Years

  • Max

Data Centers
Details
Date
Data Centers
Jan 1, 2020
0.00 USD
Jan 1, 2021
0.00 USD
Jan 1, 2022
106.00 M USD
Jan 1, 2023
834.70 M USD
Jan 1, 2024
924.80 M USD
Jan 1, 2025
1.05 B USD

American Tower Revenue by Segment (5/5)

  • 3 Years

  • 5 Years

  • Max

U.S. & Canada
Latin America
Africa & APAC
Africa
Asia-Pacific
Data Centers
Europe
Details
Date
U.S. & Canada
Latin America
Africa & APAC
Africa
Asia-Pacific
Data Centers
Europe
Jan 1, 2020
346.30 M USD
118.40 M USD
0.00 USD
13.80 M USD
9.30 M USD
0.00 USD
7.90 M USD
Jan 1, 2021
539.20 M USD
135.90 M USD
0.00 USD
24.40 M USD
8.80 M USD
1.30 M USD
7.60 M USD
Jan 1, 2022
536.50 M USD
154.50 M USD
0.00 USD
27.40 M USD
14.30 M USD
0.00 USD
16.30 M USD
Jan 1, 2023
5.36 B USD
1.80 B USD
0.00 USD
1.23 B USD
1.15 B USD
0.00 USD
775.60 M USD
Jan 1, 2024
5.44 B USD
1.72 B USD
1.21 B USD
0.00 USD
0.00 USD
0.00 USD
834.70 M USD
Jan 1, 2025
5.59 B USD
1.64 B USD
1.42 B USD
0.00 USD
0.00 USD
0.00 USD
937.70 M USD

American Tower Revenue by Region

  • 3 Years

  • 5 Years

  • Max

United States
India
Brazil
EMEA
Mexico
Nigeria
Germany
Spain
Uganda
Ghana
Kenya
South Africa
Latin America
France
Colombia
Chile
Peru
Burkina Faso
Niger
Argentina
Costa Rica
Paraguay
Canada
Bangladesh
Philippines
Asia
Europe
Africa
New Zealand (4)
Australia
New Zealand
Poland
Details
Date
United States
India
Brazil
EMEA
Mexico
Nigeria
Germany
Spain
Uganda
Ghana
Kenya
South Africa
Latin America
France
Colombia
Chile
Peru
Burkina Faso
Niger
Argentina
Costa Rica
Paraguay
Canada
Bangladesh
Philippines
Asia
Europe
Africa
New Zealand (4)
Australia
New Zealand
Poland
Jan 1, 2018
3.95 B USD
0.00 USD
0.00 USD
687.30 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
1.26 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
1.54 B USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
371.10 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
138.20 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
8.80 M USD
5.10 M USD
4.00 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
6.18 B USD
1.13 B USD
787.30 M USD
0.00 USD
611.80 M USD
495.40 M USD
363.60 M USD
298.00 M USD
237.20 M USD
128.60 M USD
120.00 M USD
157.90 M USD
0.00 USD
113.40 M USD
117.00 M USD
106.30 M USD
91.10 M USD
38.10 M USD
48.40 M USD
43.80 M USD
24.70 M USD
16.30 M USD
11.70 M USD
5.70 M USD
8.90 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
2.60 M USD
1.60 M USD
600,000.00 USD
Jan 1, 2024
6.35 B USD
0.00 USD
786.10 M USD
0.00 USD
544.90 M USD
384.40 M USD
402.20 M USD
310.80 M USD
269.10 M USD
126.70 M USD
141.10 M USD
174.00 M USD
0.00 USD
121.70 M USD
110.40 M USD
103.70 M USD
95.00 M USD
40.10 M USD
51.30 M USD
36.20 M USD
25.30 M USD
16.30 M USD
13.30 M USD
7.90 M USD
9.20 M USD
0.00 USD
0.00 USD
0.00 USD
1.60 M USD
2.60 M USD
0.00 USD
0.00 USD
Jan 1, 2025
6.63 B USD
0.00 USD
708.30 M USD
0.00 USD
508.90 M USD
461.70 M USD
455.50 M USD
351.90 M USD
297.90 M USD
182.80 M USD
177.60 M USD
172.60 M USD
0.00 USD
130.30 M USD
122.20 M USD
117.40 M USD
98.90 M USD
56.50 M USD
52.40 M USD
43.60 M USD
25.70 M USD
17.60 M USD
12.00 M USD
11.00 M USD
10.40 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD

American Tower Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

American Tower historical P/E ratio, EBIT multiple, and P/S ratio

American Tower annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

American Tower shares outstanding

The number of shares of American Tower was 469.14 M in 2025. This indicates how many shares American Tower is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
457.13 M Stocks
Jan 1, 2022
466.70 M Stocks
Jan 1, 2023
467.45 M Stocks
Jan 1, 2024
468.42 M Stocks
Jan 1, 2025
469.14 M Stocks
Jan 1, 2026 (e)
469.14 M Stocks
Jan 1, 2027 (e)
469.14 M Stocks
Jan 1, 2028 (e)
469.14 M Stocks

American Tower Dividend History

16 years of dividend payments · 8 consecutive increases

YearAnnual DividendYoY ChangePayments
20261.79USDYTD
Apr 14, 20261.79USD 5.3%1/1
20256.80USD 4.9%
Apr 11, 20251.70USD 4.9%1/4
Jun 13, 20251.70USD 0.0%2/4
Sep 30, 20251.70USD 0.0%3/4
Dec 29, 20251.70USD 0.0%4/4
20246.48USD 0.5%
20236.45USD 10.1%
20225.86USD 12.5%
20215.21USD 15.0%
20204.53USD 19.8%
20193.78USD 20.0%
20183.15USD 20.2%
20172.62USD 4.7%

American Tower dividend history and estimates

In 2025, American Tower paid a dividend amounting to 6.80 USD. Dividend means that American Tower distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021
5.21 USD
0.00 USD
0.00 USD
Jan 1, 2022
5.86 USD
0.00 USD
0.00 USD
Jan 1, 2023
6.45 USD
0.00 USD
0.00 USD
Jan 1, 2024
6.48 USD
0.00 USD
0.00 USD
Jan 1, 2025
6.80 USD
0.00 USD
0.00 USD
Jan 1, 2026 (e)
1.79 USD
5.37 USD
0.00 USD
Jan 1, 2027 (e)
0.00 USD
7.77 USD
0.00 USD
Jan 1, 2028 (e)
0.00 USD
8.42 USD
0.00 USD

American Tower dividend payout ratio

In 2025, American Tower had a payout ratio of 68.31%. The payout ratio indicates the percentage of the company's profits that American Tower distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

FFO payout ratio
Details
Date
FFO payout ratio
Jan 1, 2021
48.60 %
Jan 1, 2022
54.14 %
Jan 1, 2023
67.70 %
Jan 1, 2024
68.91 %
Jan 1, 2025
68.31 %
Jan 1, 2026 (e)
0.00 %
Jan 1, 2027 (e)
0.00 %
Jan 1, 2028 (e)
0.00 %

Current American Tower forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
2.27 %
Buy
74.07 % (20)
Hold
25.93 % (7)
Sell
0.00 % (0)
12M Price Target
219.30
Last Price
173.36
Currency
USD
12M Return Potential
26.50 %
LTM Return
0 %

American Tower Analyst Rating Actions

DateFirmActionRatingReliability
7/29/2026
TD Cowen
TD Cowen
MaintainedBuy60
7/29/2026
BMO Capital
BMO Capital
MaintainedMarket Perform
7/9/2026
Wolfe Research
Wolfe Research
UpgradePeer PerformOutperform
6/26/2026
RBC Capital
RBC Capital
UpgradeSector PerformOutperform52
5/19/2026
Bernstein
Bernstein
UpgradeMarket PerformOutperform
4/30/2026
Truist Securities
Truist Securities
MaintainedBuy
4/30/2026
RBC Capital
RBC Capital
MaintainedSector Perform52
4/29/2026
Scotiabank
Scotiabank
MaintainedSector Outperform75
4/29/2026
JP Morgan
JP Morgan
MaintainedOverweight80
4/29/2026
Citizens
Citizens
MaintainedMarket Outperform

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

American Tower Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/28/20261.59USD-2.72 BUSD-2026 Q2
4/28/20261.61USD-2.68 BUSD-2026 Q1
2/24/20261.49USD-2.71 BUSD-2025 Q4
4/24/20241.19USD-2.83 BUSD-2024 Q1
2/21/20240.93USD-2.77 BUSD-2023 Q4
7/28/20220.97USD-2.68 BUSD-2022 Q2

EESG©

Eulerpool ESG Scorecard© for the American Tower stock

96/100
99
Environment
99
Social
90
Governance
E

Environment

20
Scope 1 - Direct Emissions606,970
Scope 2 - Indirect emissions from purchased energy534,154
Scope 3 - Indirect emissions within the value chain4,269,175
Total CO₂ emissions1,141,124
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees30
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

American Tower shareholder structure

% Name
13.50479%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
9.59007%
BLACKROCK, INC.
BLACKROCK, INC.
6.47721%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
6.36119%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
5.88709%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
4.57265%
STATE STREET CORP
STATE STREET CORP
...

American Tower Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.7%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
38.50%
GS CAPITAL PARTNERS, L.P.
GS CAPITAL PARTNERS, L.P.
SEC ↗
11.00%
91-1883551
91-1883551
SEC ↗
10.00%
Thomas H. Bailey
Thomas H. Bailey
SEC ↗
10.00%
Janus Capital Corporation
Janus Capital Corporation
SEC ↗
9.20%
BlackRock, Inc.
BlackRock, Inc.
SEC ↗
9.14%
Abigail P. Johnson
Abigail P. Johnson
SEC ↗
8.00%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
7.56%
Vanguard Capital Management
Vanguard Capital Management
SEC ↗
6.62%
Wellington Management Group LLP
Wellington Management Group LLP
SEC ↗
6.51%
FMR LLC
FMR LLC
SEC ↗

American Tower Executives and Management Board

18 members · avg. age 61 · 28 % women

SV

Mr. Steven Vondran (54)

President, Chief Executive Officer, Director · since 2018

13.43 M USD

Management

RS

Mr. Rodney Smith (59)

Chief Financial Officer, Executive Vice President, Treasurer

6.20 M USD
RD

Ms. Ruth Dowling (55)

Executive Vice President, Chief Administrative Officer, General Counsel, Secretary

4.58 M USD
EN

Mr. Eugene Noel (57)

Chief Operating Officer, Executive Vice President

RR

Mr. Richard Rossi (49)

Executive Vice President, President - U.S. Tower

RM

Mr. Robert Meyer (61)

Senior Vice President, Chief Accounting Officer

JF

Mr. Juan Font (56)

Senior Vice President, President and Chief Executive Officer - CoreSite

Board of Directors

PR

Ms. Pamela Reeve (75)

Independent Chairman of the Board

460,151.00 USD
KF

Mr. Kenneth Frank (57)

Independent Director

355,151.00 USD
BT

Mr. Bruce Tanner (66)

Independent Director

352,651.00 USD
GL

Ms. Grace Lieblein (64)

Independent Director

347,651.00 USD
CM

Mr. Craig Macnab (69)

Independent Director

347,651.00 USD
KC

Ms. Kelly Chambliss (54)

Independent Director

340,151.00 USD

American Tower Supply Chain

American Tower Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Nameβ 1YTrend
1
DISH Network A
Customer·Media·US
0.94
0.74
0.49
0.49
0.68
0.54
2
Cloudflare A
Supplier·Customer·IT Services·US
0.77
0.60
0.23
0.47
0.35
0.49
0.70
3
America Movil L
Customer·Wireless Telecommunication Services·MX
0.94
0.81
0.87
0.50
-0.24
0.46
4
0.96
0.85
-0.23
0.59
-0.11
0.40
5
Bharti Airtel Ltd.
Customer
0.06
0.24
0.76
-0.01
-0.38
0.35
#Nameβ 1YTrend
1
América Móvil, S.A.B. de C.V.
Customer
0.87
0.82
0.84
-0.05
2
MTN Group Limited
Customer
0.86
0.35
0.74
3
Telefónica, S.A.
Customer
0.76
-0.18
0.60
0.49
0.10
4
Radius Global Infra A
Supplier·Diversified Telecommunication Services·US
0.55
0.75
0
0.64
0.69
5
Telecom Italia S.p.A.
Customer
0.31
0.39
-0.28
0.30

Frequently asked questions about American Tower

The business model of American Tower Corp is focused on owning, operating, and leasing wireless communication towers. As a leading real estate investment trust (REIT), the company provides infrastructure solutions to wireless carriers and other communication service providers. American Tower Corp strategically acquires, develops, and maintains a large portfolio of tower assets across various locations globally, enabling the efficient transmission of voice, data, and video services. By leasing space on their towers to telecommunications companies, American Tower Corp generates steady and long-term revenue. With a strong commitment to innovation and customer satisfaction, the company plays a vital role in facilitating the growth and expansion of wireless communications worldwide.

American Tower Corp is primarily active in the telecommunications and real estate industries.

Some of the main competitors of American Tower Corp in the market include Crown Castle International Corp, SBA Communications Corp, and InSite Wireless Group.

American Tower Corp is a leading global owner, operator, and developer of wireless communication infrastructures. Founded in 1995, the company has a rich history and background in the telecommunications industry. American Tower Corp focuses on leasing space on its communication towers to wireless service providers, enabling them to expand and improve their networks. With a portfolio of thousands of towers across countries, the company plays a crucial role in facilitating seamless wireless connectivity. American Tower Corp's commitment to innovation and investment in cutting-edge technologies has positioned it as a trusted partner for telecom operators worldwide. Its strong track record and global presence make American Tower Corp a preferred choice for wireless infrastructure solutions.

American Tower Corp has achieved several significant milestones since its establishment. The company has successfully expanded its global footprint, owning and operating a vast portfolio of telecommunications infrastructure worldwide. American Tower Corp has demonstrated consistent growth and has become a leading provider of wireless and broadcast communications infrastructure solutions. By acquiring prominent industry players and deploying innovative technologies, the company has strengthened its market position. American Tower Corp has also maintained a commitment to sustainability and corporate responsibility. Through its continuous advancements and strategic initiatives, the company remains a trusted and reliable partner in the telecommunications industry.

American Tower Corp is primarily present in various countries and regions around the world. It has a significant presence in the United States, where it operates a vast network of communication towers. Additionally, the company has a strong presence in emerging markets, including Latin America, Africa, and Asia-Pacific. This global reach enables American Tower Corp to offer its services and infrastructure solutions to a diverse range of customers and support the growing demand for wireless communication. With its extensive international footprint, American Tower Corp is well-positioned to capitalize on the exponential growth of the telecommunications industry worldwide.

American Tower Corp represents values of integrity, excellence, and collaboration. Their corporate philosophy centers around providing innovative infrastructure solutions to enable communication and connectivity. With a commitment to delivering reliable and efficient telecommunications infrastructure, American Tower Corp strives to enhance the overall connectivity experience for individuals and businesses alike. By leveraging their strong global presence and expertise, the company aims to foster mutually beneficial partnerships and support the evolving needs of the wireless industry.

Analysts currently set an average price target of 221.17 USD for the American Tower stock (median: 219.30 USD), implying +27.6 % versus the latest price. The consensus is based on 27 analyst ratings.

27 analysts currently rate the American Tower stock: 19 recommend buying, 8 holding and 0 selling. For 2026, analysts expect American Tower to generate revenue of 10.95 B USD and earnings per share of 6.59 USD.

Converted at the current exchange rate, the American Tower share trades at 150.29 EUR (173.00 USD).

The American Tower share (AMT) is listed on 12 stock exchanges, including: NYSE (AMT), XETRA (A0T.DU), Frankfurt (A0T.F), München (A0T.MU), Stuttgart (A0T.SG), Düsseldorf (A0T.DU), Berlin (A0T.BE), London (0HEU.L).

American Tower Corp (AMT) is one of the leading telecommunications companies, operating worldwide as the largest operator of mobile phone towers and Wi-Fi hotspots. AMT owns, operates, and leases over 180,000 communication sites, including over 40,000 sites in the United States, over 30,000 sites in Latin America, and more than 110,000 sites in Asia, Europe, the Middle East, and Africa. AMT has three main business segments: Americas, EMEA, and Asia. These segments are divided into various segments that cover AMT's key business activities. The Americas segment includes the United States, Canada, and Mexico. Here, AMT offers both site leasing and managed services. The company utilizes its sites to install radio masts and other equipment that are leased by mobile network operators, TV and radio broadcasters, government agencies, and other telecommunications service providers. Managed services include project management, site security, and operation and maintenance of site infrastructure. The EMEA segment includes countries in Europe, the Middle East, and Africa. AMT offers similar services as in the Americas segment, and the company is also active in this market in terms of building new sites and reinforcing existing sites. The Asia segment includes countries in Asia and encompasses most of the countries where AMT operates. Here, the company also offers site leasing and managed services, and its business is growing rapidly as many Asian countries have fast-growing economies. The products and services offered by AMT include not only sites but also hotspots, broadband connectivity, and other telecommunications services. AMT works closely with mobile network operators, governments, satellite operators, and other customers to develop customized solutions that meet their specific requirements. AMT also utilizes advanced technologies to optimize the operation of its sites. This includes site monitoring and maintenance tools, remote device management, process automation, and the use of data analytics to maximize the efficiency and profitability of the sites. Overall, AMT's business model is structured to play an important role in the global telecommunications industry. By owning, operating, and leasing sites, hotspots, and other infrastructure facilities, the company provides valuable services to its customers and contributes to the development of a globally connected world.

The expected revenue of American Tower is 10.95 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of American Tower is 3.09 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of American Tower is currently 26.26. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the American Tower stock.

The price-to-sales ratio (P/S) of American Tower is currently 7.42. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the American Tower stock.

The Eulerpool Quality Score for American Tower is 5/10.

The ISIN of American Tower is US03027X1000. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of American Tower is A1JRLA. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of American Tower is AMT. The ticker symbol is used to trade American Tower shares on the stock exchange.

Over the past 12 months, American Tower paid a dividend of 6.80 USD . This corresponds to a dividend yield of about 3.93 %. For the coming 12 months, American Tower is expected to pay a dividend of 7.77 USD.

The current dividend yield of American Tower is 3.93 %.

American Tower pays a dividend, distributed in the months of , , , .

American Tower paid dividends every year for the past 15 years.

For the upcoming 12 months, dividends amounting to 7.77 USD are expected. This corresponds to a dividend yield of 4.48 %.

American Tower is assigned to the 'Real Estate' sector.

To receive the latest dividend of American Tower from amounting to 1.79 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, American Tower distributed 6.48 USD as dividends.

The dividends of American Tower are distributed in USD.