AMT has stabilized after past volatility, with strong fundamentals and accelerating growth expected as it laps tough international comparables and benefits from 5G rollouts. Current valuation (23x FFO, 3% yield) reflects optimism, but I see it as fully valued, offering market-like returns rather than clear outperformance. The market is underestimating long-term risks from satellite internet (e.g., Starlink), which could threaten the relevance of tower assets over time.
Times of stock market volatility often bring on a round of capital rotations that many investors overlook, even though these can be among the most aggressive signals the market provides to the world about what the “smart money” wants to buy ahead of major global economic developments. In today's uncertain environment, it appears that insiders have settled on the types of features they prefer for their portfolios moving forward.
American Tower's stock is now attractively valued after years of underperformance, with AFFO multiples reflecting temporary growth headwinds from Sprint churn. The tower business remains fundamentally strong, benefiting from high margins, low capex, and sticky tenants, with growth expected to accelerate post-2025. Sprint churn and India divestiture will pressure near-term results, but growth should resume at 7-10% annually starting in 2026, making current prices appealing.
![]() AMT 1 weeks ago Announced | Quarterly | $1.7 Per Share |
![]() AMT 2 months ago Paid | Quarterly | $1.7 Per Share |
![]() AMT 5 months ago Paid | Quarterly | $1.62 Per Share |
![]() AMT 8 months ago Paid | Quarterly | $1.62 Per Share |
![]() AMT 14 Jun 2024 Paid | Quarterly | $1.62 Per Share |
28 Jul 2025 (In 1 month) Date | | - Cons. EPS | - EPS |
28 Apr 2025 Date | | - Cons. EPS | - EPS |
25 Feb 2025 Date | | 1.57 Cons. EPS | 2.62 EPS |
29 Oct 2024 Date | | 1.57 Cons. EPS | 0.89 EPS |
24 Oct 2024 Date | | 1.55 Cons. EPS | - EPS |
![]() AMT 1 weeks ago Announced | Quarterly | $1.7 Per Share |
![]() AMT 2 months ago Paid | Quarterly | $1.7 Per Share |
![]() AMT 5 months ago Paid | Quarterly | $1.62 Per Share |
![]() AMT 8 months ago Paid | Quarterly | $1.62 Per Share |
![]() AMT 14 Jun 2024 Paid | Quarterly | $1.62 Per Share |
28 Jul 2025 (In 1 month) Date | | - Cons. EPS | - EPS |
28 Apr 2025 Date | | - Cons. EPS | - EPS |
25 Feb 2025 Date | | 1.57 Cons. EPS | 2.62 EPS |
29 Oct 2024 Date | | 1.57 Cons. EPS | 0.89 EPS |
24 Oct 2024 Date | | 1.55 Cons. EPS | - EPS |
REIT - Specialty Industry | Real Estate Sector | Mr. Steven O. Vondran J.D. CEO | WSE Exchange | US03027X1000 ISIN |
US Country | 4,691 Employees | 13 Jun 2025 Last Dividend | - Last Split | 5 Jun 1998 IPO Date |
American Tower is a titan in the global real estate investment trust (REIT) market, specializing in the communications sector. As an independent owner, operator, and developer of multitenant communications real estate, American Tower manages an expansive portfolio that exceeds 224,000 communications sites worldwide. This vast network includes a significant presence in the United States, bolstered by a strategic assortment of data center facilities that play a crucial role in supporting the nation's telecommunications infrastructure.
At the core of American Tower's offerings are its communications sites, which serve as the foundational infrastructure for wireless communication networks. These sites include towers, rooftop installations, and other structures that facilitate the broadcasting and receipt of wireless signals. American Tower's extensive portfolio ensures a broad geographic reach, enabling wireless carriers and broadcasters to efficiently extend their services to customers across diverse regions.
American Tower's data center facilities complement its communications sites by providing crucial networking and data storage solutions. These highly interconnected data centers support a variety of digital communication needs, offering secure and resilient hosting environments for carriers, cloud service providers, and enterprise clients. By integrating these data centers with its communications real estate, American Tower enables seamless connectivity and data exchange, which is vital for the operation of modern digital technologies.