Revenue segments as reported by the company.

Property

Services

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Depreciation, amortization and accretion

Selling, general, administrative and development expense

Other operating expenses

Goodwill impairment

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

American Tower

American Tower Corp. provides real estate investment services, and owns, operates, and develops multi-tenant real estate properties. It operates through the following segments: U.S. & Canada, Asia-Pacific, Europe, Africa Latin America, and Services. The Asia-Pacific segment refers to the operations in Australia and India. The Europe segment consists of France, Germany, and Poland. The Africa segment consists of Burkina Faso, Ghana, Kenya, Niger, Nigeria, South Africa, and Uganda. The Latin America segment includes operations in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Paraguay, and Peru. The Services segment offers tower-related services in the United States, including site acquisition, zoning & permitting services, and structural analysis services. The company was founded in 1995 and is headquartered in Boston, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

American Tower (AMT) reports robust performance and strategic growth outlook

American Tower's Q4 2022 earnings call highlighted strong performance, strategic initiatives, and growth opportunities amidst economic challenges.
The company's focus on operational efficiency, ESG initiatives, and maintaining financial strength positions it well for sustainable growth and value creation.
With a solid market position, robust growth prospects, and a strategic outlook for 2023, American Tower remains poised for continued success in the telecommunications infrastructure sector.

American Tower excels in Q1 with strong U.S. tower and data center performance

American Tower's Q1 performance reflects robust growth in U.S. towers and data centers, driven by 5G investments.
The company is strategically reducing debt, exploring global portfolio optimization, and focusing on shareholder value.
Challenges include Latin America churn delay and AFFO growth impact, but opportunities lie in 5G expansion and data center growth.
Overall, American Tower remains well-positioned in the evolving telecommunications infrastructure landscape.

American Tower and CoreSite report strong Q2 performance and growth opportunities

American Tower and CoreSite demonstrated strong financial performance in Q2, driven by robust demand for data centers and strategic investments in international markets.
While facing challenges in selective investments and carrier activity slowdown, the companies are focused on maximizing margins, reducing debt, and exploring growth opportunities.
Opportunities lie in expanding international operations, optimizing capital deployment, and considering stock buybacks to enhance shareholder value and capitalize on infrastructure demand.
Overall, American Tower's disciplined approach to partnerships and operational efficiencies, along with CoreSite's consistent revenue growth and customer demand, position both companies for continued success.

American Tower (AMT) reports strong Q3 performance and strategic growth outlook

American Tower (AMT) showcases strong financial performance, strategic focus on 5G evolution, and disciplined capital allocation. While facing challenges like churn impacts and moderated activity levels, the company is optimistic about growth opportunities and aims for long-term AFFO per share growth. AMT's emphasis on balance sheet strength and shareholder returns underpins its strategic direction.

American Tower (AMT) reports resilient 2023 performance and strategic focus

American Tower (AMT) navigated challenges in 2023 to achieve strong financial performance, focusing on growth post-churn and strategic market positioning. The company's resilience, focus on carrier activity, and anticipation of future opportunities position it well for continued success in the evolving market landscape.

American Tower excels in Q1 with strong growth strategies

American Tower's Q1 earnings call showcased strong performance and strategic focus on growth drivers. The company is navigating challenges while capitalizing on opportunities to drive long-term value for shareholders.

American Tower excels in Q2, eyes global growth amid challenges

American Tower's strong Q2 performance and revised outlook reflect a focus on operational excellence and international strategy.
Challenges include managing exposure to emerging markets and potential impacts from interest rates and FX fluctuations.
Opportunities lie in data center expansion, international growth, and driving AFFO per share growth through revenue and cost initiatives.

American Tower reports strong Q3 results, eyes 5G densification opportunities

American Tower is confident in the long-term growth potential of its assets, aiming for sustained high-quality earnings growth. Shareholders can inquire about discontinued operations or general results/outlook through Investor Relations. The conference call is available for replay on the company's website.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

American Tower Corp. provides real estate investment services, and owns, operates, and develops multi-tenant real estate properties. It offers leasing of space on communications sites to wireless service providers, radio and television broadcast companies. It operates through the following segments: U.S. and Canada, Asia-Pacific, Africa, Europe, Latin America, and Data Centers. The company was founded in 1995 and is headquartered in Boston, MA.

Agree Realty

Realty Income Corp

REITs have underperformed in the past year-and-a-half, causing concern among investors. It is important to consider leverage levels and balance sheets when comparing REITs in different economic climates. Selecting REITs with rock-solid balance sheets and high-quality management is crucial for navigating market uncertainty.

Scared Money Don't Make No Money (The Halloween Edition)

American Tower's revenue and adjusted FFO accelerated significantly in the third quarter. The REIT is capitalizing on the robust demand for data infrastructure.

With Growth Reaccelerating, This 3.7%-Yielding Dividend Stock Is a Screaming Buy

While a tough economic backdrop has concerned investors, American Tower made progress in the third quarter. The company grew revenue and earnings as it focused on keeping costs down.

This Top Dividend Stock Just Boosted Its Guidance

American Tower handily exceeded expectations on all metrics with its third quarter of 2023. The communications infrastructure REIT also raised its full-year outlook for property revenue, adjusted funds from operations, and adjusted EBITDA.

Why American Tower Stock Popped Today

American Tower Corporation (NYSE:AMT ) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Adam Smith - SVP, IR Tom Bartlett - President & CEO Rod Smith - EVP, CFO & Treasurer Conference Call Participants Simon Flannery - Morgan Stanley Michael Rollins - Citigroup Inc. David Barden - Bank of America Richard Prentiss - Raymond James Matthew Niknam - Deutsche Bank Eric Luebchow - Wells Fargo Batya Levi - UBS Operator Ladies and gentlemen, thank you for standing by. Welcome to the American Tower Third Quarter 2023 Earnings Conference Call.

American Tower Corporation (AMT) Q3 2023 Earnings Call Transcript

As a contrarian investor, I usually bet against Wall Street. But in the case of American Tower, I agree with Wall Street's bullish sentiment. I see strong catalysts both in the near term as communicated in its Q3 earnings report and also in the longer term.

American Tower: I Agree With Wall Street On This One

While the top- and bottom-line numbers for American Tower (AMT) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

American Tower (AMT) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

American Tower's (AMT) posts stellar Q3 results on better-than-anticipated revenues and solid organic tenant billings growth. It also raises the outlook for 2023.

American Tower's (AMT) Q3 AFFO & Revenues Top, '23 View Raised

American Tower (AMT) came out with quarterly funds from operations (FFO) of $2.58 per share, beating the Zacks Consensus Estimate of $2.35 per share. This compares to FFO of $2.36 per share a year ago.

American Tower (AMT) Surpasses Q3 FFO and Revenue Estimates

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced today that Tom Bartlett will retire from his positions as President, Chief Executive Officer and director of the Board of Directors, effective February 1, 2024. The Company's Board of Directors, having undertaken a deliberate and thorough succession planning process over the last several years, has named Steve Vondran to succeed Mr. Bartlett as President and Chief Executive Officer, at which time Mr. Vondran will also be.

American Tower Names Steven O. Vondran to Succeed Thomas A.

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) today reported financial results for the quarter ended September 30, 2023. Tom Bartlett, American Tower's Chief Executive Officer, stated, “We had a strong quarter, as our global portfolio of communications assets continued to demonstrate resiliency in an increasingly challenging macroeconomic environment. Our consolidated tower business again drove Organic Tenant Billings Growth of over 6%, while revenue growth in our U.S. data ce.

American Tower Corporation Reports Third Quarter 2023 Financial Results

American Tower (AMT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for American Tower (AMT) This Earnings Season?

Alexandria Real Estate Equities

Vici Properties

REITs have experienced a significant decline in share prices, but there's an opportunity for value investors to take advantage of current market conditions. The potential for the Federal Reserve to stop hiking interest rates and for a positive economic recovery create a favorable environment for REITs. Three recommended REITs to consider are VICI Properties, Alexandria Real Estate, and American Tower, which offer strong fundamentals and potential for growth.

Make REIT Hay While The Sun Is Shining

Public Storage

W. P. Carey

As geopolitical and broad market instabilities heat up, we've seen a flight to safety of risk-free assets. The REIT sector has been one of the worst-performing sectors within the S&P 500 in 2023, with higher rates playing a significant role.

3 REITs to Sell in October Before They Crash and Burn

American Tower's (AMT) Q3 earnings are likely to have benefited from the robust demand for its communication real estate portfolio on the back of rising demand for wireless connectivity.

American Tower (AMT) to Post Q3 Earnings: Is a Beat in Store?

AvalonBay Communities

Crown Castle International

Camden Property

Essex Property Trust

Extra Space Storage

Global Net Lease

Independence Realty Trust

Mid-America Apartment Communities

Regency Centers

Rexford Industrial Realty

iStar Inc

Sun Communities

Vanguard Real Estate ETF

REITs have been experiencing a prolonged period of decline, with some portfolios down 64% from their early 2022 highs. The variations in price movements among different REITs are worth probing to find opportunities. The number of candidates for high upside from here has roughly doubled recently, but the number of quality opportunities has increased much less.

New Opportunities Amidst Crashing REITs

Crown Castle and American Tower, two cell tower REITs, are undervalued and offer attractive yields. Crown Castle is trading at its cheapest level in a long time, with a yield of 7.29% and a coverage ratio below 90%. American Tower has solid fundamentals and growth estimates, with an upside potential of 20-21% annualized return on investment.

Attention REIT Shoppers: A Blue Light Special In The Cell Tower Sector

The latest trading day saw American Tower (AMT) settling at $160.09, representing a +0.41% change from its previous close.

American Tower (AMT) Increases Despite Market Slip: Here's What You Need to Know

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced Seceon, the pioneer of the first cybersecurity, artificial intelligence/machine learning (AI/ML)-powered platform, is leveraging reliable, secure colocation at CoreSite's Boston data center campus (BO1). Seceon empowers managed service providers (MSPs), managed security service providers (MSSPs) and enterprises to consolidate secu.

Seceon Consolidates Security Stacks and Reduces Risk with AI/ML-Powered Cybersecurity Platform Leveraging CoreSite's Colocation Solutions

Ares Capital

Shares of companies that commit to regular dividend distributions tend to outperform shares of companies that keep their profits to themselves. Distributing most of their profits gives business development companies and real estate investment trusts huge tax advantages.

Want an Extra $1,000 in Reliable Annual Dividend Income? Invest $15,200 Into These 3 High-Yield Dividend Stocks

Equinix

Iron Mountain

Macerich

Park Hotels & Resorts

Ventas

REITs are down bad this year. REIT stocks across nearly all sectors are down by double digits since January.

7 Undervalued REITs to Protect Against a Housing Crisis

AllianceBernstein Hld

Arbor Realty Trust

BHP Billiton

British American Tobacco

Fifth Third Bancorp

Hasbro

Navient

NexPoint Residential Trust

Pfizer

Philip Morris

Taiwan Semiconductor Manufacturing

March-April, 2022, UBS, Kiplinger, and Barron's analysts/reporters listed five-sets of stocks sorted as: “Inflation Busters.” Those five articles revealed 48 equities, with 43 paying dividends. This 1.5-year-old-list continues to beat-back the inflation-zombie.

12 Ideal Inflation-Busting October Dividend Dogs

American Tower's (AMT) subsidiary, CoreSite, enhances its Open Cloud Exchange capabilities. This will enable clients to access and manage their data effectively and optimize their operations.

American Tower (AMT) Subsidiary CoreSite Enhances OCX Offerings

Four Corners Property Trust

Rising interest rates have negatively impacted the economy and the stock market, leading to what we're calling the Great REIT Reset. We think that four REITs in particular have been unfairly punished by the market. These REITs offer attractive valuations, strong tenant bases, and potential for dividend income.

'The Great REIT Reset' - 4 REITs To Buy At A Bargain

DENVER--(BUSINESS WIRE)--CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), announced the launch of new Open Cloud Exchange® (OCX) capabilities that enable clients to rapidly create higher-bandwidth virtual connections to Google Cloud and between CoreSite data centers including 20G and 50G services. These enhancements to the OCX, CoreSite's leading software-defined networking platform, also reduce the time required for o.

News for American Tower Stock (AMT)