AMT

American Tower Corporation

REAL ESTATE INVESTMENT TRUSTS -6.7% (1Y)
Confidence Score
88%
Current Price
$190.19
Open
$188.15
Day Range
$187.03 - $195.45
Volume
3,535,260
Market Cap
$88.97B
Employees
4,691

Company Description

American Tower owns and operates about 150,000 wireless towers throughout the US, Asia, Latin America, Europe, and Africa. It also owns and/or operates 30 data centers in 11 US markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market generated by the top few mobile carriers. The company operates more than 40,000 towers in the US, which accounted for about half of total revenue in 2024. Outside the US, American Tower oper...

Analysis Summary

Tower REITs benefit from lower rates reducing financing costs. Digital infrastructure demand secular. Dividend yield attractive as rates fall.

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