American Tower (AMT)
Leases multitenant communications sites worldwide and interconnected U.S. data-center capacity.
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Leases tower and distributed-antenna-system space to wireless carriers across the Americas, Africa, Asia-Pacific and Europe, while CoreSite provides U.S. data-center colocation and interconnection. Long-term leases and multiple tenants per site create recurring rental income.
Leases space on more than 148,000 communications sites to wireless carriers and other network users, supported by tower-related development services in the United States. The property portfolio spans the United States and Canada, Latin America, Africa and Asia-Pacific, and Europe, while CoreSite provides colocation and interconnection across U.S. data centers.
Creates recurring rent by placing multiple tenants and additional equipment on existing sites, using long-term leases with contractual escalators. Tower services cover site applications, zoning, structural analysis, construction and program management.
Depends on carrier network investment, continued access to leased ground, and reliable power and cooling for data centers. REIT tax treatment is tied to stockholder distributions, while international holdings remain subject to local tax, regulation, currency and land-right regimes.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 20, 2026 | Mizuho Securities | Target | Target: $189 | Target: $208 |
| Aug 20, 2026 | Barclays | Reiterate | Rating: —Target: $195 | Target: $198 |
| Jul 29, 2026 | Bernstein | Reiterate | Rating: —Target: $207 | Target: $214 |
| Jul 28, 2026 | Goldman Sachs | Target | Target: $215 | Target: $210 |
| Jul 9, 2026 | Wolfe Research | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.76B · Total debt $44.98B · Total assets $63.30B · Shareholders' equity $3.72B
- Revenue
- $2.75B
- Operating income
- $1.27B
- Net income
- $867.5M
HistoryDividendAnnual yieldUpcoming
| Institutions | 95.58% | 445.39M shares | |
|---|---|---|---|
| 1,808 holders · as of Jun 30, 2026 | |||
| Insiders | 0.12% | 552.5K shares | |
| 21 holders · as of Aug 25, 2026 | |||
| Other | 4.30% | 20.02M shares | |
| remainder | |||
465.96M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.83% | 45.80M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.53% | 30.44M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.98% | 27.85M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.74% | 22.07M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.97% | 13.84M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Rajesh Kalathur | director | +2,829 | $177.00 |
| Jul 29, 2026 | Robert Joseph Meyer | officer: SVP & Advisor to the CFO | −5,000 | $178.89 |
| Jul 29, 2026 | Ruth T. Dowling | officer: EVP, Chief Admin Ofr, GC & Sec | −1,106 | $174.96 |
| Jul 28, 2026 | Ruth T. Dowling | officer: EVP, Chief Admin Ofr, GC & Sec | −685 | $169.54 |
| Apr 29, 2026 | Ruth T. Dowling | officer: EVP, Chief Admin Ofr, GC & Sec | −416 | $177.54 |
- Crown Castle
Pure-play U.S. tower REIT with 40,000 towers leased to three major carriers.
- SBA Communications
Americas-focused tower REIT with 17,000+ U.S. and 29,000+ international sites.
- Equinix
Global carrier-neutral data-center REIT; CoreSite's closest competitor.
- IHS
Emerging-market towerco with 37,000+ sites in Africa; NYSE-listed.
- Digital Realty
Data-center REIT; 300+ global facilities overlapping CoreSite in U.S. markets.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| American Tower | $174.02 | −0.33% | $81.36B | 24.0 | 25.7 | 7.4 | +4.7% |
| Crown Castle | $72.81 | −0.56% | $32.00B | 29.8 | 27.3 | 7.7 | −4.9% |
| SBA Communications | $174.65 | −0.92% | $18.70B | 19.0 | 21.9 | 6.5 | +2.3% |
| Equinix | $1,055.79 | −0.14% | $104.32B | 68.1 | 60.7 | 10.6 | +16.4% |
| IHS | $8.45 | +0.36% | $2.83B | 21.1 | 8.0 | 1.8 | +8.7% |
| Digital Realty | $185.89 | −0.24% | $68.94B | 90.0 | 79.5 | 10.1 | +28.9% |
| Median | 29.8 | 27.3 | 7.7 | +8.7% |