Revenue segments as reported by the company.

Property

Services

Revenue Segments

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

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Operating Margin

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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

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Goodwill impairment

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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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

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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.

Alexandria Real Estate Equities

Realty Income Corp

As I've learned, value creation is a journey, and it simply boils down to learning from your mistakes. The best entry points historically for REITs come early cycle when they produce more than 20% next 12-month returns. My advice on that topic is to put a plan in action and prepare now.

The Fearless REIT Investor

Sorry, no jokes in this one. Just running the numbers publicly. I wasn't going to send this to the public side, but I think discussions about AFFO make it important for investors to have the right context. AFFO per share growth from 2022 to 2023 looks bad because of non-recurring headwinds. These issues occurred together and resulted in a significant decline in AFFO's projected figures for the year.

Boring Factual Information About AFFO For American Tower

Global Net Lease

Gladstone Commercial

Investing is not a get rich quick game. It's a game of endurance and the endgame is as important (if not more so) as the way you start. In this article, I will provide two examples of REITs to avoid (drive for show) and two REITs that can "putt for dough".

Drive For Show And Putt For Dough

There was once a great growth story for American Tower. That growth story hit a pause. And that pause is pretty big, AFFO will be about flat between 2021-2023. The stock sports a very high valuation in the rough environment today.

American Tower: Overvalued For The No-Growth Era

Vanguard Total Bond Market ETF

Public Storage

SPDR S&P 500 ETF Trust

Vanguard Real Estate ETF

I come from a private equity background and used to buy rental properties. But today, I mostly buy REITs. I explain why in three reasons.

Why I Ceased Buying Rental Properties To Buy REITs Instead

The American Tower Corporation is a top cell tower REIT in the United States with essential assets for the modern economy and successful management. The company offers a decent yield, high expected dividend growth, and a resilient business model against long-term threats like satellite communications. The stock is a perfect fit for a portfolio seeking growth and better long-term risk/reward compared to slower-growing REITs.

From Towers To Cash Flow: American Tower's Winning Formula

Tanger Factory Outlet Centers

American Tower has predictable revenue and is unlikely to be disrupted. Tanger Outlets can do well in good times and bad by offering consumers bargains.

2 Unstoppable Dividend Stocks to Buy Now

Amazon

T-Mobile US

The rise of 5G wireless technology has sparked a seismic shift in the global digital landscape. With several contenders in the arena, there are a few millionaire-maker 5G stocks with the potential to become massive players.

3 Millionaire-Maker 5G Stocks to Buy And Hold Forever

AvalonBay Communities

Medical Properties Trust

Prologis

Simon Property Group

STAG Industrial

Vici Properties

W. P. Carey

Ranking 10 REITs solely based on quality and long-term viability. Many of these REITs are leaders within their particular sector, but not all are intriguing in terms of valuations. Only 1 REIT on the list is rated as a "PREFER NOT TO OWN" stock.

Ranking 10 REITs From Highest Quality To Lowest Quality

American Tower has had an unbroken dividend growth streak since converting to a REIT. Shares have sold off over the past year, pushing its valuation down and dividend yield up.

I Just Can't Seem to Get Enough of This Magnificent Dividend Stock

AllianceBernstein Hld

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BHP Billiton

British American Tobacco

ConocoPhillips

CVS Health

Extra Space Storage

Fifth Third Bancorp

Hasbro

Navient

NexPoint Residential Trust

Pfizer

Philip Morris

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 over one-year-old list continues to beat-back new-strains-of-inflation.

11 Buyable Inflation-Busting June Dividend Stocks

Alerus Financial Corp

Chubb

Chesapeake Utilities

Capital Southwest

Curtiss-Wright

First Financial Bankshares

Hamilton Lane

Leggett & Platt

Nasdaq

NewMarket

National Storage Affiliates Trust

Ovintiv

Sonic Automotive

Schwab US Dividend Equity ETF

Companies with a track record of increasing dividends tend to perform better than those without, indicating strong business performance and commitment to rewarding shareholders. The article provides a list of stocks raising their dividends in the next week, sorted by ex-dividend day and streak, with data sourced from the U.S. Dividend Champions spreadsheet and NASDAQ. The list includes companies with a minimum of five years of consistent dividend growth, and it is important for investors to consider historical returns and perform due diligence before investing.

15 Upcoming Dividend Increases, Including A Dividend King

JPMorgan BetaBuilders MSCI US REIT ETF

Blackstone Group

Cyxtera Technologies

DigitalBridge Group

Digital Realty Trust

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Equinix

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

Iron Mountain

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Neuberger Berman Real Estate Securities Income Fund Inc

US Diversified Real Estate ETF

Invesco Active US Real Estate

ALPS Active REIT ETF

ProShares Short Real Estate

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

Among the top-performing property sectors this year, the Data Center REIT rebound has been fueled by reports of "booming" demand for artificial intelligence ("AI") focused data center chips. Even before the Nvidia report, Data Center REITs were on the upswing in early 2023 after an impressive slate of earnings results showed improved pricing power and record-high occupancy rates. Ironically, this AI-wave comes just as Data Center REITs became a trendy “short” idea centered on a thesis of weak pricing power and competition from the "hyperscalers" - Amazon, Google, and Microsoft.

Data Center REITs: Physical Epicenter Of AI

Start Time: 11:45 January 1, 0000 12:15 PM ET American Tower Corporation (NYSE:AMT ) Nareit REITweek 2023 Investor Conference June 07, 2023, 11:45 AM ET Company Participants Tom Bartlett - President and CEO Conference Call Participants Rick Prentiss - Raymond James Rick Prentiss All right. Good morning still, everybody.

American Tower Corporation (AMT) Presents at Nareit REITweek 2023 Investor Conference (Transcript)

News for American Tower Stock (AMT)