American Tower owns and leases cell towers on which mobile carriers mount their antennas. The company operates tens of thousands of sites in North and Latin America, Europe, Africa and Asia, plus data centers through CoreSite. It is organized as a real estate investment trust (REIT). As of Oct 11, 2026
As of Oct 11, 2026Fact sheet (from the annual report)Real estate investment trusts (REITs) · Boston, USAfull fact sheet
The company operates as a real estate company with REIT tax status and owns, operates and develops multitenant communications sites. Its main business is leasing space on wireless sites to mobile carriers, radio and TV broadcasters, government agencies and municipalities. The portfolio consists mainly of owned or long-term leased towers as well as indoor and outdoor distributed antenna systems. The communications sites are located in the United States and Canada, Africa and the Asia-Pacific region, Europe and Latin America; in addition there are data centers in the United States. Revenue comes mainly from leases that, with mobile carriers, generally provide for long non-cancellable initial terms and contractual rent escalations.
Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
52-week-high breakout · Analysis method
The price of AMT is currently in no zone of this method. The check runs daily after the market close.
Whether a price will soon reach a zone, you see from Watcher. Plans and pricing
How the zone is formed
What is this? The price closes above the highest high of the last 52 weeks for the first time, on clearly higher volume. New 52-week highs are seen as a sign of strength.
Buy zone: the old high up to 1 ATR above it (retest). Stop: 1.5 ATR below the old high. Targets: 3 and 5 ATR above the old high.
The pattern is valid for at most 15 trading days and expires if the price falls below the stop. This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
Load chart from TradingView
This transfers data (including your IP address) to TradingView, also to the USA. More in the Privacy policy.
With a free account: save the buy zone shown for yourself (stop and targets from Watcher). It stays visible even if the zone changes later. Log in
· Sign up
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
American Tower · Sector Real Estate · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Feb 24, 2026.
In short
Light yellow: Revenue grew over 5 years (+5.8% per year), more slowly than the sector median.
Light yellow: Net income (total) grew over 5 years (+9.2% per year), more slowly than the sector median; per share +7.3% per year.
Light green: Net margin 24.7%, above the sector median (20.8%).
Light green: Profit in each of the last 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
05B10B15B
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 5.8B USD · Net income 956.4M USD · Net margin 16.5%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 6.7B USD · Net income 1.2B USD · Net margin 18.6%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 7.4B USD · Net income 1.2B USD · Net margin 16.6%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 7.6B USD · Net income 1.9B USD · Net margin 24.9%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 8.0B USD · Net income 1.7B USD · Net margin 21.0%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 9.4B USD · Net income 2.6B USD · Net margin 27.4%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 10.7B USD · Net income 1.7B USD · Net margin 15.8%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 11.1B USD · Net income 1.4B USD · Net margin 12.3%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 10.1B USD · Net income 2.3B USD · Net margin 22.5%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 10.6B USD · Net income 2.6B USD · Net margin 24.7%
Margin
17%19%17%25%21%27%16%12%23%25%
RevenueNet incomeNet margin (below)in USD
−1B01B2B3B
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 2.8B USD · Net income 577.3M USD · Net margin 20.5%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 2.5B USD · Net income 13.3M USD · Net margin 0.5% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 2.8B USD · Net income 921.7M USD · Net margin 32.5%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 2.9B USD · Net income 908.4M USD · Net margin 31.3%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 2.5B USD · Net income −780.4M USD · Net margin −30.9%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 2.5B USD · Net income 1.2B USD · Net margin 48.3% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 2.6B USD · Net income 498.6M USD · Net margin 19.5%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 2.6B USD · Net income 380.5M USD · Net margin 14.5%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 2.7B USD · Net income 912.6M USD · Net margin 33.6%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 2.7B USD · Net income 836.8M USD · Net margin 30.6% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 2.7B USD · Net income 878.5M USD · Net margin 32.1%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 2.7B USD · Net income 887.5M USD · Net margin 32.3%
Margin
20%1%33%31%−31%48%19%14%34%31%32%32%
Earnings per shareUSD per share
02.004.006.00
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 1.98 USD
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 2.67 USD
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 2.77 USD
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 4.24 USD
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 3.79 USD
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 5.66 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 3.82 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 3.18 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 4.82 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 5.40 USD
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 1.84 USD
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 1.86 USD
Dividend per sharePayout ratio (below)USD per share
02.004.006.008.00
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share not available · Payout ratio not available
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share not available · Payout ratio not available
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share not available · Payout ratio not available
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share not available · Payout ratio not available
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share not available · Payout ratio not available
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share not available · Payout ratio not available
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 4.30 USD · Payout ratio 112.6%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 6.31 USD · Payout ratio 198.4%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 6.56 USD · Payout ratio 136.1%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 6.72 USD · Payout ratio 124.4%
Ratio
113%198%136%124%
Dividend per sharePayout ratio (below)USD per share
00.501.001.502.00
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share 1.57 USD · Payout ratio 124.6%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share 1.70 USD · Payout ratio 944.4% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 1.70 USD · Payout ratio 86.7%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 1.62 USD · Payout ratio 84.4%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 1.62 USD · Payout ratio not available
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share 1.62 USD · Payout ratio 61.8% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 1.62 USD · Payout ratio 155.8%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 1.70 USD · Payout ratio 217.9%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 1.70 USD · Payout ratio 93.4%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share 1.70 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 1.70 USD · Payout ratio 92.4%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 1.79 USD · Payout ratio 96.2%
Ratio
125%944%87%84%62%156%218%93%92%96%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 10.6B USD · Net income 2.6B USD · Net margin 24.7%
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 31 symbols in the Real Estate sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light yellow: below sector
+5.8%per year, last 5 years
Sector Real Estate: median +9.0% (31 symbols)
What does this mean? Revenue: over 5 years it grew by 5.8% per year on average, but more slowly than the median company in the sector (+9.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light yellow: below sector
+9.2%per year, last 5 years
Sector Real Estate: median +10.6% (28 symbols)
per share: +7.3% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 9.2% per year on average, but more slowly than the median company in the sector (+10.6%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 24.69 USD remained as profit – at least as much as the median company in the sector (20.8%). Five years ago the margin was 21.0%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light gray: not available
–latest balance sheet
Sector Real Estate: median 0.82 (21 symbols)
What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light gray: little meaning
124%Dividend / earnings per share
Sector Real Estate: median 129% (24 symbols)
What does this mean? The payout was higher than the earnings per share; it is paid from cash flow, from reserves or with new debt. REITs are legally required to pay out most of their income; the ratio to earnings says little there. Median company in the sector: 129%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light green: profit every year
10 of 10fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
10.6B USD
Revenue vs. prior year
+5.1%
Net income (FY)
2.6B USD
Net income vs. prior year
+15.3%
EPS (FY)
5.40 USD
13F funds with a position
2 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
−19.8%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 24, 2026 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
10.6B
2.6B
24.7%
5.40
6.72
124%
2024
Dec 31, 2024
10.1B
2.3B
22.5%
4.82
6.56
136%
2023
Dec 31, 2023
11.1B
1.4B
12.3%
3.18
6.31
198%
2022
Dec 31, 2022
10.7B
1.7B
15.8%
3.82
4.30
113%
2021
Dec 31, 2021
9.4B
2.6B
27.4%
5.66
–
–
2020
Dec 31, 2020
8.0B
1.7B
21.0%
3.79
–
–
2019
Dec 31, 2019
7.6B
1.9B
24.9%
4.24
–
–
2018
Dec 31, 2018
7.4B
1.2B
16.6%
2.77
–
–
2017
Dec 31, 2017
6.7B
1.2B
18.6%
2.67
–
–
2016
Dec 31, 2016
5.8B
956.4M
16.5%
1.98
–
–
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q2/26
Jun 30, 2026
2.7B
887.5M
32.3%
1.86
1.79
96%
Q1/26
Mar 31, 2026
2.7B
878.5M
32.1%
1.84
1.70
92%
Q4/25*
Dec 31, 2025
2.7B
836.8M
30.6%
–
1.70
–
Q3/25
Sep 30, 2025
2.7B
912.6M
33.6%
1.82
1.70
93%
Q2/25
Jun 30, 2025
2.6B
380.5M
14.5%
0.78
1.70
218%
Q1/25
Mar 31, 2025
2.6B
498.6M
19.5%
1.04
1.62
156%
Q4/24*
Dec 31, 2024
2.5B
1.2B
48.3%
2.62
1.62
62%
Q3/24
Sep 30, 2024
2.5B
−780.4M
−30.9%
−1.69
1.62
–
Q2/24
Jun 30, 2024
2.9B
908.4M
31.3%
1.92
1.62
84%
Q1/24
Mar 31, 2024
2.8B
921.7M
32.5%
1.96
1.70
87%
Q4/23*
Dec 31, 2023
2.5B
13.3M
0.5%
0.18
1.70
944%
Q3/23
Sep 30, 2023
2.8B
577.3M
20.5%
1.26
1.57
125%
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +50
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200-20
ADX (trend strength)+15
Highs and lows+10
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)28.8
Rel. strength 60 d+6.0%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.