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American Tower (AMT)

(Delayed Data from NYSE)

$185.00 USD

+0.51 (0.28%)

Updated May 13, 2024 04:00 PM ET

After-Market: $185.06 +0.06 (0.03%) 4:28 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank	Definition	Annualized Return
1	Strong Buy	24.20%
2	Buy	18.04%
3	Hold	9.52%
4	Sell	5.20%
5	Strong Sell	2.60%
S&P	500	11.13%

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3-Hold of 5 3

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score	A
Growth Score	A
Momentum Score	A
VGM Score	A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

D Value B Growth C Momentum C VGM

Industry Rank:

Bottom 39% (154 out of 251)

Industry: REIT and Equity Trust - Other

View All Zacks #1 Ranked Stocks

Better trading starts here.

Research for AMT

Annual Key Company Metrics
Quarterly Key Company Metrics

Revenue - Line of Business Segments	YR Estimate	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Total operating revenues: Total P...		11,001	10,470	9,110	7,954	7,465
Total operating revenues: Data Ce...		835	767	23	--	--
Total operating revenues: Service...		143	241	247	88	115
Revenue - Geographic Segments	YR Estimate	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Geographic Revenues: U.S. & Canad...		5,216	5,006	4,920	4,517	4,189
Geographic Revenues: Europe [$M]		776	736	496	150	135
Geographic Revenues: Asia-Pacific...		1,151	1,077	1,199	1,139	1,217
Geographic Revenues: Latin Americ...		1,798	1,692	1,465	1,257	1,341
Geographic Revenues: Africa [$M]		1,226	1,193	1,006	890	584
Geographic Revenues: Total Intern...		4,950	4,697	2,724	2,179	3,276
Income - Line of Business	YR Estimate	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Gross Margin: Total Property [$M]		7,801	7,314	--	--	7,465
Gross Margin: Data Centers [$M]		487	445	14	--	--
Gross Margin: Services [$M]		83	134	151	88	115
Net Earnings Per Share (Diluted) ...		3	4	6	4	4
Income - Geographic	YR Estimate	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Gross Margin: U.S. & Canada [$M]		4,366	4,161	4,067	3,709	3,381
Gross Margin: Europe [$M]		476	416	302	122	107
Gross Margin: Asia-Pacific [$M]		447	379	475	478	501
Gross Margin: Latin America [$M]		1,232	1,165	1,007	865	929
Gross Margin: Africa [$M]		792	747	659	593	375
Gross Margin: Total International...		2,947	2,708	2,444	1,749	1,912
Expenses - Line of Business	YR Estimate	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Depreciation, amortization and ac...		3,087	3,355	2,333	1,882	1,778
NFM - Operating & Non Financial Metrics	YR Estimate	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Asia-Pacific - Beginning Balance ...		77,318	74,813	74,732	73,499	74,804
Asia-Pacific - Sales/Adjustments ...		-452	-1,801	-3,686	-911	-4,442
Europe - Beginning Balance [#]		30,959	30,032	5,322	5,054	4,703
Latin America - Beginning Balance...		48,181	48,535	41,294	41,083	37,190
Latin America - Sales/Adjustments...		-193	-696	-511	-50	-141
Africa - Beginning Balance [#]		23,872	22,116	19,814	19,153	--
Africa - Sales/Adjustments [#]		-224	-89	-55	-26	--
Organic Tenant Billings Growth - ...		5	1	3	--	--
Organic Tenant Billings Growth - ...		5	8	8	--	--
Organic Tenant Billings Growth - ...		5	3	0	--	--
Organic Tenant Billings Growth - ...		13	8	8	--	--
Organic Tenant Billings Growth - ...		8	8	5	--	--
Organic Tenant Billings Growth - ...		8	7	6	--	--
International - Beginning Towers ...		180,330	178,296	--	--	--
U.S. & Canada - Beginning Balance...		42,528	42,857	42,698	40,602	40,359
U.S. & Canada - Acquisitions [#]		1	36	141	-16	414
International - Acquisitions [#]		-816	473	32,340	484	8,762
Total - Beginning Balance [#]		222,858	218,353	183,860	179,391	168,985
Total - Acquisitions [#]		90	509	32,481	2,588	9,176
Total - Sales/Adjustments [#]		-897	-2,678	-4,307	-1,006	-4,829
Total - Ending Balance [#]		222,830	223,055	218,353	183,860	168,985
U.S. & Canada - Ending Balance [#...		42,453	42,821	42,857	42,698	40,567
Europe - Ending Balance [#]		31,231	30,712	30,032	5,322	4,727
Asia-Pacific - Ending Balance [#]		76,884	77,647	74,813	74,732	73,633
Latin America - Ending Balance [#...		48,102	48,177	48,535	41,294	40,497
Africa - Ending Balance [#]		24,160	23,698	22,116	19,814	--
International - Ending Balance [#...		180,377	180,234	175,496	141,162	137,179
Total - Net Activity [#]		-28	4,702	34,493	2,373	8,761
U.S. & Canada - Net Activity [#]		-75	-36	159	2,096	7
Europe - Net Activity [#]		272	680	24,710	268	24
Asia-Pacific - Net Activity [#]		-434	2,834	81	1,233	-1,171
Latin America - Net Activity [#]		-79	-358	7,241	211	3,307
Africa - Net Activity [#]		288	1,582	2,302	661	--
Total - New Builds [#]		779	6,871	6,319	2,887	4,414
Europe - New Builds [#]		130	242	216	14	16
Asia-Pacific - New Builds [#]		18	4,635	3,709	2,144	3,271
Latin America - New Builds [#]		114	328	628	112	426
Africa - New Builds [#]		512	1,657	1,755	609	--
International - New Builds [#]		774	6,862	6,308	2,879	4,407

Revenue - Line of Business Segments	Qtr Estimate	03/31/2024	12/31/2023	09/30/2023	06/30/2023	03/31/2023
Total operating revenues: Total P...		2,804	2,766	2,792	2,729	2,715
Total operating revenues: Data Ce...		225	215	212	205	203
Total operating revenues: Service...		30	21	26	43	53
Revenue - Geographic Segments	Qtr Estimate	03/31/2024	12/31/2023	09/30/2023	06/30/2023	03/31/2023
Geographic Revenues: U.S. & Canad...		1,311	1,301	1,325	1,303	1,288
Geographic Revenues: Europe [$M]		205	185	200	198	192
Geographic Revenues: Asia-Pacific...		327	336	302	262	251
Geographic Revenues: Latin Americ...		446	435	460	439	464
Geographic Revenues: Africa [$M]		292	294	294	321	317
Geographic Revenues: Total Intern...		1,269	1,250	1,256	1,221	1,224
Income - Line of Business	Qtr Estimate	03/31/2024	12/31/2023	09/30/2023	06/30/2023	03/31/2023
Gross Margin: Total Property [$M]		2,030	1,966	1,989	1,919	1,928
Gross Margin: Data Centers [$M]		132	125	122	121	119
Gross Margin: Services [$M]		16	10	14	26	34
Net Earnings Per Share (Diluted) ...		2	0	1	1	1
Income - Geographic	Qtr Estimate	03/31/2024	12/31/2023	09/30/2023	06/30/2023	03/31/2023
Gross Margin: U.S. & Canada [$M]		1,106	1,088	1,110	1,086	1,082
Gross Margin: Europe [$M]		131	115	122	121	119
Gross Margin: Asia-Pacific [$M]		156	159	123	82	83
Gross Margin: Latin America [$M]		305	291	315	300	326
Gross Margin: Africa [$M]		199	189	197	208	199
Gross Margin: Total International...		791	753	757	711	726
Expenses - Line of Business	Qtr Estimate	03/31/2024	12/31/2023	09/30/2023	06/30/2023	03/31/2023
Depreciation, amortization and ac...		549	765	763	765	794
NFM - Operating & Non Financial Metrics	Qtr Estimate	03/31/2024	12/31/2023	09/30/2023	06/30/2023	03/31/2023
Asia-Pacific - Beginning Balance ...		76,884	77,318	78,006	78,305	77,647
Asia-Pacific - Sales/Adjustments ...		-449	-452	-733	-405	-150
Europe - Beginning Balance [#]		31,231	30,959	30,872	30,797	30,712
Latin America - Beginning Balance...		48,102	48,181	48,170	48,165	48,177
Latin America - Sales/Adjustments...		-62	-193	-35	-25	-32
Africa - Beginning Balance [#]		24,160	23,872	24,269	23,983	23,698
Africa - Sales/Adjustments [#]		-21	-224	-725	-39	-130
Organic Tenant Billings Growth - ...		5	5	5	5	6
Organic Tenant Billings Growth - ...		3	4	5	5	6
Organic Tenant Billings Growth - ...		4	7	6	6	3
Organic Tenant Billings Growth - ...		15	13	13	13	12
Organic Tenant Billings Growth - ...		6	9	8	8	8
Organic Tenant Billings Growth - ...	--	7	8	8	8	8
International - Beginning Towers ...		180,377	180,330	181,317	181,250	180,234
U.S. & Canada - Beginning Balance...		42,453	42,528	42,702	42,773	42,821
U.S. & Canada - Acquisitions [#]		6	1	1	1	3
International - Acquisitions [#]		0	89	0	59	5
Total - Beginning Balance [#]		222,830	222,858	224,019	224,023	223,055
Total - Acquisitions [#]		6	90	1	60	8
Total - Sales/Adjustments [#]		-549	-897	-1,667	-629	-370
Total - Ending Balance [#]		222,643	222,830	222,858	224,019	224,023
U.S. & Canada - Ending Balance [#...		42,427	42,453	42,528	42,702	42,773
Europe - Ending Balance [#]		31,351	31,231	30,959	30,872	30,797
Asia-Pacific - Ending Balance [#]		76,483	76,884	77,318	78,006	78,305
Latin America - Ending Balance [#...		48,081	48,102	48,181	48,170	48,165
Africa - Ending Balance [#]		24,301	24,160	23,872	24,269	23,983
International - Ending Balance [#...		180,216	180,377	180,330	181,317	181,250
Total - Net Activity [#]		-187	-28	-1,161	-4	968
U.S. & Canada - Net Activity [#]		-26	-75	-174	-71	-48
Europe - Net Activity [#]		120	272	87	75	85
Asia-Pacific - Net Activity [#]		-401	-434	-688	-299	658
Latin America - Net Activity [#]		-21	-79	11	5	-12
Africa - Net Activity [#]		141	288	-397	286	285
Total - New Builds [#]		356	779	505	565	1,330
Europe - New Builds [#]		104	130	85	101	85
Asia-Pacific - New Builds [#]		48	18	45	106	808
Latin America - New Builds [#]		41	114	46	30	20
Africa - New Builds [#]		162	512	328	325	415
International - New Builds [#]		355	774	504	562	1,328

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