AMT

American Tower Corporation

Real Estate REIT - Specialty NYSE

About the company

American Tower Corporation is a leading telecommunications infrastructure company that specializes in owning and operating cell towers and data centers globally. With a vast portfolio of over 220,000 cell towers spread across the United States, Asia, Latin America, Europe, and Africa, the company plays a crucial role in connecting people and enabling communication worldwide. In addition to its impressive tower network, American Tower also owns and operates 25 data centers in eight major U.S. markets. This expansion into the data center market came after the acquisition of CoreSite in recent years. With these data centers, the company provides essential infrastructure to support the ever-growing demand for digital services and storage. One notable aspect of American Tower's tower infrastructure is its concentrated customer base. In each market it operates, the majority of revenue is generated by a handful of top mobile carriers. This concentration allows the company to establish strong relationships with key players in the telecommunications industry and ensures a stable revenue stream. Within the United States alone, American Tower operates more than 40,000 towers, which accounted for roughly half of the company's total revenue in 2022. These towers serve as critical infrastructure for wireless communication, enabling reliable network coverage and capacity for mobile carriers across the country. Outside of the United States, American Tower has established a significant presence in various regions. In India, the company operates over 75,000 towers, providing essential connectivity to one of the world's largest and fastest-growing telecommunications markets. In Latin America, primarily dominated by Brazil, American Tower owns nearly 50,000 towers, enabling reliable communication services to the region's large population. In Europe, the company operates 30,000 towers, supporting the continent's diverse telecommunications needs. Lastly, in Africa, American Tower owns and operates nearly 25,000 towers, contributing to the development and expansion of communication infrastructure in this rapidly growing market. As a real estate investment trust (REIT), American Tower operates under a unique structure that benefits both the company and its shareholders. As an REIT, the company's primary focus is on owning and operating income-generating real estate assets, such as cell towers and data centers. This structure allows American Tower to take advantage of certain tax benefits and distribute a significant portion of its income to shareholders in the form of dividends. In summary, American Tower Corporation is a global leader in telecommunications infrastructure, owning and operating a vast network of cell towers and data centers. With a strong presence in the United States, Asia, Latin America, Europe, and Africa, the company plays a crucial role in enabling reliable and widespread communication across the globe. As an REIT, American Tower continues to promote growth and innovation in the telecommunications industry while providing value to its shareholders.

Website: https://www.americantower.com

Data updated: May 4, 2026

Sector comparison

We compare this company with the typical (middle) company in the same industry to show how it looks against similar businesses. This is information, not a recommendation.

Real Estate · 300 peers in sector

Metric AMT Sector median Vs. industry
P/E 29.34 26.07 ↑ Above average
EPS 6.19 USD 0.38 USD ↑ Above average
Dividend yield 3.77% 4.73% ↓ Below average
Profit margin 26.81% 9.64% ↑ Above average
ROE 29.95% 3.29% ↑ Above average

Higher and lower here are only a comparison with the typical company in the industry — a higher or lower value on its own does not mean better or worse.

Financial statements & historical data

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Frequently Asked Questions

What is American Tower Corporation?
American Tower Corporation is a leading telecommunications infrastructure company that specializes in owning and operating cell towers and data centers globally. With a vast portfolio of over 220,000 cell towers spread across the United States, Asia, Latin America, Europe, and Africa, the company plays a crucial role in connecting people and enabling communication worldwide. In addition to its impressive tower network, American Tower also owns and operates 25 data centers in eight major U.S. markets. This expansion into the data center market came after the acquisition of CoreSite in recent years. With these data centers, the company provides essential infrastructure to support the ever-growing demand for digital services and storage. One notable aspect of American Tower's tower infrastructure is its concentrated customer base. In each market it operates, the majority of revenue is generated by a handful of top mobile carriers. This concentration allows the company to establish strong relationships with key players in the telecommunications industry and ensures a stable revenue stream. Within the United States alone, American Tower operates more than 40,000 towers, which accounted for roughly half of the company's total revenue in 2022. These towers serve as critical infrastructure for wireless communication, enabling reliable network coverage and capacity for mobile carriers across the country. Outside of the United States, American Tower has established a significant presence in various regions. In India, the company operates over 75,000 towers, providing essential connectivity to one of the world's largest and fastest-growing telecommunications markets. In Latin America, primarily dominated by Brazil, American Tower owns nearly 50,000 towers, enabling reliable communication services to the region's large population. In Europe, the company operates 30,000 towers, supporting the continent's diverse telecommunications needs. Lastly, in Africa, American Tower owns and operates nearly 25,000 towers, contributing to the development and expansion of communication infrastructure in this rapidly growing market. As a real estate investment trust (REIT), American Tower operates under a unique structure that benefits both the company and its shareholders. As an REIT, the company's primary focus is on owning and operating income-generating real estate assets, such as cell towers and data centers. This structure allows American Tower to take advantage of certain tax benefits and distribute a significant portion of its income to shareholders in the form of dividends. In summary, American Tower Corporation is a global leader in telecommunications infrastructure, owning and operating a vast network of cell towers and data centers. With a strong presence in the United States, Asia, Latin America, Europe, and Africa, the company plays a crucial role in enabling reliable and widespread communication across the globe. As an REIT, American Tower continues to promote growth and innovation in the telecommunications industry while providing value to its shareholders.
Are American Tower Corporation shares expensive?
The price-to-earnings (P/E) ratio of American Tower Corporation is 29.34 — the share price is 29.34 times the annual profit per share. That is higher than the typical company in the same industry (industry median: 26.07). This is information, not a recommendation.
How big is American Tower Corporation?
The market capitalization of American Tower Corporation — the combined value of all its shares — is 84.61 B USD. The higher the market cap, the larger the company.
Does American Tower Corporation pay dividends?
The dividend yield of American Tower Corporation is 3.77% — it shows the annual dividend relative to the share price. This is information, not a recommendation.
What sector does American Tower Corporation belong to?
American Tower Corporation operates in the Real Estate sector, industry: REIT - Specialty.

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