Recent Insider Transactions • 10h
Insider recently sold Mex$16m worth of stock On the 29th of July, Robert Meyer sold around 5k shares on-market at roughly Mex$3,133 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$2.9m more than they bought in the last 12 months. Reported Earnings • Jul 28
Second quarter 2026 earnings released: EPS: US$1.86 (vs US$0.78 in 2Q 2025) Second quarter 2026 results: EPS: US$1.86 (up from US$0.78 in 2Q 2025). Revenue: US$2.75b (up 4.7% from 2Q 2025). Net income: US$867.5m (up 137% from 2Q 2025). Profit margin: 32% (up from 14% in 2Q 2025). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Ankündigung • Jul 28
American Tower Corporation Revises Earnings Guidance for the Full Year 2026 American Tower Corporation revised earnings guidance for the full year 2026. For the year, the company expects Total property revenue to be $10,695 million to $10,845 million. Net income to be $3,270 million to $3,350 million. Ankündigung • Jul 01
American Tower Corporation to Report Q2, 2026 Results on Jul 28, 2026 American Tower Corporation announced that they will report Q2, 2026 results at 7:00 AM, US Eastern Standard Time on Jul 28, 2026 Buy Or Sell Opportunity • Jun 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.2% to Mex$2,887. The fair value is estimated to be Mex$3,652, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 7.5% per annum over the same time period. Declared Dividend • May 25
First quarter dividend of US$1.79 announced Shareholders will receive a dividend of US$1.79. Ex-date: 12th June 2026 Payment date: 13th July 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.0%. Ankündigung • May 23
American Tower Corporation announces Quarterly dividend, payable on July 13, 2026 American Tower Corporation announced Quarterly dividend of USD 1.7900 per share payable on July 13, 2026, ex-date on June 12, 2026 and record date on June 12, 2026. Ankündigung • Apr 29
American Tower Corporation Raises Earnings Guidance for the Year 2026 American Tower Corporation raised earnings guidance for the year 2026. For the year, the company expects total property revenue of $10,585 million to $10,735 million, Net income of $3,015 million to $3,095 million and Net income attributable to AMT common stockholders of $2,965 million to $3,045 million. As result of the estimated positive foreign currency exchange rate fluctuations and accelerating straight-line revenue in Latin America, the company is raising the midpoints of its full year 2026 outlook for property revenue. The Company is increasing the midpoint for net income and net income attributable to AMT common stockholders by $70 million and $85 million, respectively, primarily due to unrealized foreign currency gains. Reported Earnings • Apr 28
First quarter 2026 earnings released: FFO per share: US$2.7 (vs US$1.75 in 1Q 2025) First quarter 2026 results: FFO per share: US$2.7 (up from US$1.75 in 1Q 2025). Revenue: US$2.74b (up 6.8% from 1Q 2025). Funds from operations (FFO): US$1.28b (up 57% from 1Q 2025). FFO margin: 47% (up from 32% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Ankündigung • Apr 09
American Tower Corporation, Annual General Meeting, May 20, 2026 American Tower Corporation, Annual General Meeting, May 20, 2026. Upcoming Dividend • Apr 07
Upcoming dividend of US$1.79 per share Eligible shareholders must have bought the stock before 14 April 2026. Payment date: 28 April 2026. Trailing yield: 3.9%. Lower than top quartile of Mexican dividend payers (5.9%). Lower than average of industry peers (6.4%). Ankündigung • Apr 01
American Tower Corporation to Report Q1, 2026 Results on Apr 28, 2026 American Tower Corporation announced that they will report Q1, 2026 results at 7:00 AM, US Eastern Standard Time on Apr 28, 2026 Ankündigung • Mar 11
American Tower Corporation Announces Robert D. Hormats Will Not Stand for Re-Election as Director, Member of the Nominating & Corporate Governance Committee American Tower Corporation announced that on March 6, 2026, Robert D. Hormats notified the Corporate Secretary of his decision to not stand for re-election as a director at the Company's 2026 Annual Meeting of Stockholders. Mr. Hormats is currently a member of the Nominating & Corporate Governance Committee of the Board of Directors of the Company and will continue his service on such committee until the Annual Meeting. Declared Dividend • Mar 09
Fourth quarter dividend of US$1.79 announced Shareholders will receive a dividend of US$1.79. Ex-date: 14th April 2026 Payment date: 28th April 2026 Dividend yield will be 2.8%, which is lower than the industry average of 4.0%. Ankündigung • Mar 06
American Tower Corporation Declares Quarterly Cash Distribution, Payable on April 28, 2026 American Tower Corporation announced that its Board of Directors has declared a quarterly cash distribution of $1.79 per share on shares of the Company’s common stock. The distribution is payable on April 28, 2026 to the stockholders of record at the close of business on April 14, 2026. Reported Earnings • Feb 27
Full year 2025 earnings released: FFO per share: US$8.9 (vs US$11.21 in FY 2024) Full year 2025 results: FFO per share: US$8.9 (down from US$11.21 in FY 2024). Revenue: US$10.6b (up 5.1% from FY 2024). Funds from operations (FFO): US$4.16b (down 21% from FY 2024). FFO margin: 39% (down from 52% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: US$5.41 (vs US$6.92 in FY 2024) Full year 2025 results: EPS: US$5.41 (down from US$6.92 in FY 2024). Revenue: US$10.6b (up 5.1% from FY 2024). Net income: US$2.53b (down 22% from FY 2024). Profit margin: 24% (down from 32% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Ankündigung • Feb 24
American Tower Corporation Provides Earnings Guidance for the Year 2026 American Tower Corporation provided earnings guidance for the year 2026. For the year, the company expects total property revenue of $10,440 million to $10,590 million, Net income of $2,945 million to $3,025 million and Net income attributable to AMT common stockholders of $2,980 million to $3,060 million. Ankündigung • Jan 30
American Tower Corporation Appoints Paul Blanchett as Senior Vice President and Chief Accounting Officer, Effective April 27, 2026 American Tower Corporation appointed Paul Blanchett as its Senior Vice President and Chief Accounting Officer (Principal Accounting Officer), effective April 27, 2026. Mr. Blanchett, age 42, has served as Chief Accounting Officer of GXO Logistics Inc. since 2021. Mr. Blanchett previously served as Corporate Controller at XPO Logistics Inc. from 2019 to 2021, and as Global Controller for the Oilfield Services segment at Baker Hughes from 2017 to 2019, where he oversaw substantial financial operations and compliance across multiple countries. Prior to such roles, Mr. Blanchett also served in various leadership roles in controllership at General Electric and earlier auditing roles at PricewaterhouseCoopers. Mr. Blanchett holds a Bachelor of Business Administration in Accountancy from Western Michigan University's Haworth College of Business. As previously disclosed, the Company's current Senior Vice President and Chief Accounting Officer, Robert J. Meyer, will remain with the Company in his current role until the Start Date, after which he will assist with the transition until his retirement from the Company, which will occur prior to the end of 2026. Ankündigung • Jan 28
American Tower Corporation to Report Q4, 2025 Results on Feb 24, 2026 American Tower Corporation announced that they will report Q4, 2025 results at 7:00 AM, US Eastern Standard Time on Feb 24, 2026 Upcoming Dividend • Dec 23
Upcoming dividend of US$1.70 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 02 February 2026. Trailing yield: 3.9%. Lower than top quartile of Mexican dividend payers (5.9%). Lower than average of industry peers (5.2%). Declared Dividend • Dec 08
Third quarter dividend of US$1.70 announced Shareholders will receive a dividend of US$1.70. Ex-date: 29th December 2025 Payment date: 2nd February 2026 Dividend yield will be 3.1%, which is lower than the industry average of 4.0%. Ankündigung • Dec 05
American Tower Corporation Declares Quarterly Distribution, Payable on February 2, 2026 American Tower Corporation announced that its Board of Directors has declared a quarterly cash distribution of $1.70 per share on shares of the Company’s common stock. The distribution is payable on February 2, 2026 to the stockholders of record at the close of business on December 29, 2025. Ankündigung • Nov 08
American Tower Corporation Announce Retirement of Robert J. Meyer as Senior Vice President and Chief Accounting Officer On November 5, 2025, American Tower Corporation announced that Robert J. Meyer communicated his intention to retire from his role as Senior Vice President and Chief Accounting Officer of the company. The Company is undertaking a search process to replace Mr. Meyer, who has agreed to remain with the Company in his current role until his successor is appointed, after which he will assist with the transition until his retirement from the Company, which will occur prior to the end of 2026. Recent Insider Transactions • Nov 05
Insider recently bought Mex$18m worth of stock On the 31st of October, Eugene Reilly bought around 6k shares on-market at roughly Mex$3,322 per share. This transaction increased Eugene Reilly's direct individual holding by 41x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$25m more in shares than they bought in the last 12 months. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: US$1.82 (vs US$0.89 in 3Q 2024) Third quarter 2025 results: EPS: US$1.82 (up from US$0.89 in 3Q 2024). Revenue: US$2.72b (up 7.7% from 3Q 2024). Net income: US$853.3m (up 105% from 3Q 2024). Profit margin: 31% (up from 17% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Ankündigung • Oct 28
American Tower Corporation Raises Earnings Guidance for the Year 2025 American Tower Corporation raised earnings guidance for the year 2025. For the year, the company expects total property revenue of $10,210 million to $10,290 million, Net income of $2,458 million to $2,513 million and Net income attributable to AMT common stockholders of $2,363 million to $2,418 million. The Company is raising the midpoints of its full year 2025 outlook for property revenue. The Company is increasing the midpoint for net income and net income attributable to AMT common stockholders by $95 million and $40 million, respectively, primarily due to unrealized foreign currency gains. The increase, driven by unrealized foreign currency gains, to net income attributable to AMT common stockholders is partially offset by increased minority interests as a result of a recent tax law change in Europe. Ankündigung • Oct 01
American Tower Corporation to Report Q3, 2025 Results on Oct 28, 2025 American Tower Corporation announced that they will report Q3, 2025 results at 7:00 AM, US Eastern Standard Time on Oct 28, 2025 Declared Dividend • Sep 22
Second quarter dividend of US$1.70 announced Shareholders will receive a dividend of US$1.70. Ex-date: 30th September 2025 Payment date: 20th October 2025 Dividend yield will be 2.9%, which is lower than the industry average of 4.0%. Ankündigung • Aug 26
American Tower Corporation Elects Gene Reilly as Board Director American Tower Corporation announced that its Board of Directors has elected Gene Reilly as a director. Mr. Reilly most recently served as the Vice Chairman of Prologis Inc., and served as an advisor through April 2024. Mr. Reilly joined Prologis (then AMB Property Corporation) in 2003 and held several roles, including serving as Chief Investment Officer from 2019 to 2023 and Chief Executive of the Americas from 2011 to 2019, where he oversaw all aspects of the company’s operations across the United States, Canada and Latin America. Mr. Reilly has 40 years of experience in real property investment, management and operations, including previously serving as Chief Investment Officer of Cabot Properties Inc., a private equity industrial real estate firm, where he was a founding partner and served on its investment committee and board of directors. Mr. Reilly previously served as a member of the technical committee of FIBRA Prologis and as a member of the board of directors and executive committee of the National Association of Industrial and Office Properties (NAIOP). Recent Insider Transactions • Aug 03
Insider recently sold Mex$2.8m worth of stock On the 31st of July, Juan Font sold around 720 shares on-market at roughly Mex$3,916 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$110m more than they bought in the last 12 months. Ankündigung • Jul 29
American Tower Corporation Provides Earnings Guidance for the Year 2025 American Tower Corporation provided earnings guidance for the year 2025. For the year, the company expects total property revenue of $10,135 million to $10,285 million, Net income of $2,340 million to $2,440 million and Net income attributable to AMT common stockholders of $2,300 million to $2,400 million. Ankündigung • Jul 08
American Tower Corporation to Report Q2, 2025 Results on Jul 29, 2025 American Tower Corporation announced that they will report Q2, 2025 results at 7:00 AM, US Eastern Standard Time on Jul 29, 2025 Declared Dividend • May 19
First quarter dividend of US$1.70 announced Shareholders will receive a dividend of US$1.70. Ex-date: 13th June 2025 Payment date: 11th July 2025 Dividend yield will be 2.5%, which is lower than the industry average of 4.0%. Ankündigung • May 16
American Tower Corporation Declares Quarterly Distribution, Payable on July 11, 2025 American Tower Corporation announced that its Board of Directors has declared a quarterly cash distribution of $1.70 per share on shares of the Company’s common stock. The distribution is payable on July 11, 2025 to the stockholders of record at the close of business on June 13, 2025. Ankündigung • Apr 30
CoreSite Launches Data Center Knowledge Base to Educate on Critical Infrastructure CoreSite launched the Data Center Knowledge Base. Through informative videos, infographics, articles and more, this digital content hub highlights the pivotal role data centers play in transmitting, processing and storing vast amounts of data across both wireless and wireline networks - acting as the invisible engine that helps keep the modern world running smoothly. The Data Center Knowledge Base offers: General Data Center Operations: Information on what data centers are, the different types of data centers, how they work and how they enable daily life. Tech Innovation: Overview of the advanced technology deployed at data centers--home of the cloud and AI applications--and how data centers are fueling advancements and driving innovation. Economic Impact: Details on how the data center industry stimulates economic growth, creates jobs and helps provide stability. Energy Efficiency: Information on how data centers can help companies optimize energy usage and the energy demand of different types of data centers. Community Support: Highlights how data centers, and the people who run the facilities, help connect their local communities while making education, mentorship and activism contributions. Ankündigung • Apr 29
American Tower Corporation Provides Earnings Guidance for the Year 2025 American Tower Corporation provided earnings guidance for the year 2025. For the year, the company expects total property revenue to be in the range of $9,970 million to $10,120 million and net income to be in the range of $2,740 million to $2,840 million. Ankündigung • Apr 03
American Tower Corporation, Annual General Meeting, May 14, 2025 American Tower Corporation, Annual General Meeting, May 14, 2025. Ankündigung • Apr 02
American Tower Corporation to Report Q1, 2025 Results on Apr 29, 2025 American Tower Corporation announced that they will report Q1, 2025 results at 7:00 AM, US Eastern Standard Time on Apr 29, 2025 Recent Insider Transactions • Mar 20
Insider recently sold Mex$17m worth of stock On the 17th of March, Sanjay Goel sold around 4k shares on-market at roughly Mex$4,293 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$23m. Insiders have been net sellers, collectively disposing of Mex$153m more than they bought in the last 12 months. Declared Dividend • Mar 15
Fourth quarter dividend of US$1.70 announced Shareholders will receive a dividend of US$1.70. Ex-date: 11th April 2025 Payment date: 28th April 2025 Dividend yield will be 2.3%, which is lower than the industry average of 4.0%. Declared Dividend • Mar 11
Fourth quarter dividend of US$1.70 announced Shareholders will receive a dividend of US$1.70. Ex-date: 11th April 2025 Payment date: 28th April 2025 Dividend yield will be 2.3%, which is lower than the industry average of 4.0%. Ankündigung • Mar 07
American Tower Corporation Declares Quarterly Distribution, Payable on April 28, 2025 American Tower Corporation announced that its Board of Directors has declared a quarterly cash distribution of $1.70 per share on shares of the Company’s common stock. The distribution is payable on April 28, 2025 to the stockholders of record at the close of business on April 11, 2025. Recent Insider Transactions • Mar 02
Senior VP & Chief Accounting Officer recently sold Mex$23m worth of stock On the 27th of February, Robert Meyer sold around 6k shares on-market at roughly Mex$4,129 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$138m more than they bought in the last 12 months. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: US$6.92 (vs US$3.18 in FY 2023) Full year 2024 results: EPS: US$6.92 (up from US$3.18 in FY 2023). Revenue: US$10.1b (down 9.1% from FY 2023). Net income: US$3.23b (up 118% from FY 2023). Profit margin: 32% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. Ankündigung • Feb 26
American Tower Corporation Provides Earnings Guidance for the Full Year 2025 American Tower Corporation provided earnings guidance for the full year 2025. For the year, the company expected total property revenue to be in the range of $9,920 million to $10,070 million. Net income to be in the range of $2,930 million to $3,020 million. Net income attributable to AMT common stockholders to be in the range of $2,960 million to $3,050 million. Ankündigung • Feb 07
American Tower Corporation Appoints Rajesh Kalathur as a Director and Member of its Audit Committee On February 5, 2025, the Board of Directors of American Tower Corporation elected Rajesh Kalathur as a director and member of its Audit Committee, effective immediately. In accordance with the Company’s Amended and Restated By-Laws, Mr. Kalathur will serve as a director until the Company’s 2025 Annual Meeting of Stockholders and until his successor is duly elected and qualified. Mr. Kalathur is President of John Deere Financial, a leading financial services provider for dealers and customers of John Deere equipment, and Chief Information Officer of Deere & Company, a global leader in the production of agricultural, construction, and forestry equipment and solutions. As CIO, Mr. Kalathur oversees Deere & Company’s information technology function, and recently led the implementation of the IT agile operating model and digital transformation leveraging AI and automation technologies. Mr. Kalathur has more than 27 years of experience across finance, information technology, operations, and sales and marketing functions, including previously serving as Chief Financial Officer of Deere & Company. Ankündigung • Jan 23
American Tower Corporation to Report Q4, 2024 Results on Feb 25, 2025 American Tower Corporation announced that they will report Q4, 2024 results at 7:00 AM, US Eastern Standard Time on Feb 25, 2025 Ankündigung • Jan 07
American Tower Corporation Announces Executive Changes, Effective January 13, 2025 American Tower Corporation announced that Eugene (“Bud”) Noel, currently Executive Vice President and President of the U. S. Tower Division, will become Executive Vice President and Chief Operating Officer, a newly created global position, effective January 13, 2025. This role will oversee American Tower’s global operations and IT, further effectuating the Company’s strategic priorities to drive operational efficiency and provide best-in-class service to its global customer base. Mr. Noel joined the Company in 2011 as Senior Vice President, U.S. Tower Operations, and prior to being appointed the Executive Vice President and President of the U.S. Tower Division in 2023, held the role of Chief Operating Officer, U.S. Tower. He brings over 25 years of experience in wireless real estate development and operations, including leadership positions held at Sprint Nextel and LightSquared. During his tenure in operations, Mr. Noel drove operational excellence across the Company’s U.S. business through efficiency, asset quality, technology, and customer service. Richard (“Rich”) Rossi, currently Senior Vice President and General Counsel of U.S. Tower, a position he has held since 2018, will succeed Mr. Noel as Executive Vice President and President, U.S. Tower, also effective January 13, 2025. Mr. Rossi joined American Tower in 2001, and has since held leadership positions spanning functions across sales, marketing, finance, real estate and operations, and has been integral to the development and implementation of strategic customer agreements. Declared Dividend • Dec 23
Third quarter dividend of US$1.62 announced Shareholders will receive a dividend of US$1.62. Ex-date: 27th December 2024 Payment date: 3rd February 2025 Dividend yield will be 2.4%, which is lower than the industry average of 4.0%. Upcoming Dividend • Dec 23
Upcoming dividend of US$1.62 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 03 February 2025. Trailing yield: 3.5%. Lower than top quartile of Mexican dividend payers (6.8%). Lower than average of industry peers (3.9%). Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: US$0.89 (vs US$1.26 in 3Q 2023) Third quarter 2024 results: EPS: US$0.89 (down from US$1.26 in 3Q 2023). Revenue: US$2.52b (down 11% from 3Q 2023). Net income: US$416.2m (down 29% from 3Q 2023). Profit margin: 17% (down from 21% in 3Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Oct 02
Upcoming dividend of US$1.62 per share Eligible shareholders must have bought the stock before 09 October 2024. Payment date: 25 October 2024. Trailing yield: 2.9%. Lower than top quartile of Mexican dividend payers (6.9%). Lower than average of industry peers (3.5%). Ankündigung • Oct 02
American Tower Corporation to Report Q3, 2024 Results on Oct 29, 2024 American Tower Corporation announced that they will report Q3, 2024 results at 7:00 AM, US Eastern Standard Time on Oct 29, 2024 Recent Insider Transactions • Sep 18
Insider recently sold Mex$23m worth of stock On the 13th of September, Sanjay Goel sold around 5k shares on-market at roughly Mex$4,590 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$44m. Insiders have been net sellers, collectively disposing of Mex$114m more than they bought in the last 12 months. Declared Dividend • Sep 16
Second quarter dividend of US$1.62 announced Shareholders will receive a dividend of US$1.62. Ex-date: 9th October 2024 Payment date: 25th October 2024 Dividend yield will be 1.9%, which is lower than the industry average of 4.0%. Ankündigung • Sep 12
Data Infrastructure Trust, managed by Brookfield Asset Management Ltd. Completed the acquisition of ATC Telecom Infrastructure Private Limited (ATC TIPL) from American Tower Corporation (NYSE:AMT). Data Infrastructure Trust, managed by Brookfield Asset Management Ltd. signed a definitive agreement to acquire ATC Telecom Infrastructure Private Limited (ATC TIPL) from American Tower Corporation (NYSE:AMT) for INR 210 billion on January 4, 2024. The total aggregate consideration of up to INR 210 billion, includes the value of the VIL OCDs, payments on certain existing customer receivables, the repayment of existing intercompany debt and the repayment, or assumption, of American Tower Corporation existing term loan in India, by Data Infrastructure Trust. The total cash proceeds to American Tower at closing, are subject to certain pre-closing terms. Under the terms, consideration being paid, subject to certain pre-closing terms, total aggregate consideration would potentially represent up to approximately INR 210 billion (approximately $2.5 billion), including the value of the VIL OCDs, payments on certain existing customer receivables, the repayment of existing intercompany debt and the repayment, or assumption, of the Company’s existing term loan in India, by DIT.
The transaction is subject to customary closing conditions, including government and regulatory approvals and is expected to close in the second half of 2024. As of August 7, 2024, S&R Associates Secures Competition Commission of India Approval for Data Infrastructure Trust’s acquisition Of ATC Telecom Infrastructure.
Citi is serving as lead financial advisor and CDX Advisors is serving as financial advisor to American Tower. Gautam Saha, Swati Chauhan & Harshit Chandra and Sonam Mathur of Talwar Thakore & Associates (TT&A) is serving as principal legal advisor to American Tower. Rajat Sethi, Sudip Mahapatra, Raya Hazarika, Pratichi Mishra, Sumit Bansal, Simran Dhir, and Akshat Kulshrestha of S&R Associates advised Brookfield. PricewaterhouseCoopers LLP, Canada acted as tax advisor to Brookfield Asset Management Ltd. on the transaction.
Data Infrastructure Trust, managed by Brookfield Asset Management Ltd. Completed the acquisition of ATC Telecom Infrastructure Private Limited (ATC TIPL) from American Tower Corporation (NYSE:AMT) on September 12, 2024. Ankündigung • Sep 10
Waveconn entered into a definitive agreement to acquire AT Australia Pty Ltd and AT Australia Operations Pty Ltd from American Tower Corporation (NYSE:AMT). Waveconn entered into a definitive agreement to acquire AT Australia Pty Ltd and AT Australia Operations Pty Ltd from American Tower Corporation (NYSE:AMT) on September 9, 2024. The transaction is subject to customary conditions precedent including?Foreign Investment Review Board approval and subject to the satisfaction of those conditions. The expected completion of the transaction is fourth quarter of 2024. Kain Corporate and Commercial Lawyers acted as legal advisor for Waveconn. PRICEWATERHOUSECOOPERS AUSTRALIA SERVICES PTY LTD acted as accountant for Waveconn. Recent Insider Transactions • Aug 30
Insider recently sold Mex$44m worth of stock On the 26th of August, Olivier Puech sold around 10k shares on-market at roughly Mex$4,383 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$91m more than they bought in the last 12 months. Recent Insider Transactions • Aug 08
Insider recently sold Mex$22m worth of stock On the 2nd of August, Sanjay Goel sold around 5k shares on-market at roughly Mex$4,488 per share. This transaction amounted to 99% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$48m more than they bought in the last 12 months. Reported Earnings • Aug 01
Second quarter 2024 earnings released: FFO per share: US$2.9 (vs US$2.43 in 2Q 2023) Second quarter 2024 results: FFO per share: US$2.9 (up from US$2.43 in 2Q 2023). Revenue: US$2.90b (up 4.6% from 2Q 2023). Funds from operations (FFO): US$1.35b (up 19% from 2Q 2023). FFO margin: 47% (up from 41% in 2Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Ankündigung • Jun 28
American Tower Corporation to Report Q2, 2024 Results on Jul 30, 2024 American Tower Corporation announced that they will report Q2, 2024 results at 7:00 AM, US Eastern Standard Time on Jul 30, 2024 Upcoming Dividend • Jun 10
Upcoming dividend of US$1.62 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 12 July 2024. Trailing yield: 3.5%. Lower than top quartile of Mexican dividend payers (6.6%). Lower than average of industry peers (4.1%). Recent Insider Transactions • Jun 09
Insider recently sold Mex$12m worth of stock On the 4th of June, Sanjay Goel sold around 4k shares on-market at roughly Mex$3,557 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$16m more than they bought in the last 12 months. Declared Dividend • May 27
First quarter dividend of US$1.62 announced Shareholders will receive a dividend of US$1.62. Ex-date: 14th June 2024 Payment date: 12th July 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.0%. Recent Insider Transactions • May 08
Independent Director recently sold Mex$2.2m worth of stock On the 3rd of May, Robert Hormats sold around 700 shares on-market at roughly Mex$3,122 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$4.0m more than they bought in the last 12 months. Ankündigung • May 03
American Tower Corporation Provides Earnings Guidance for the Year 2024 American Tower Corporation provided earnings guidance for the year 2024. For the year, the company expects total property revenue to be in the range of $11,080 million to $11,260 million and net income to be in the range of $3,080 million to $3,170 million. Reported Earnings • May 01
First quarter 2024 earnings released: FFO per share: US$2.9 (vs US$2.33 in 1Q 2023) First quarter 2024 results: FFO per share: US$2.9 (up from US$2.33 in 1Q 2023). Revenue: US$2.83b (up 2.4% from 1Q 2023). Funds from operations (FFO): US$1.34b (up 24% from 1Q 2023). FFO margin: 47% (up from 39% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 05
American Tower Corporation to Report Q1, 2024 Results on Apr 30, 2024 American Tower Corporation announced that they will report Q1, 2024 results at 7:00 AM, US Eastern Standard Time on Apr 30, 2024 Recent Insider Transactions • Mar 20
Insider recently sold Mex$1.8m worth of stock On the 15th of March, Juan Font sold around 540 shares on-market at roughly Mex$3,297 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Declared Dividend • Mar 17
Fourth quarter dividend of US$1.62 announced Shareholders will receive a dividend of US$1.62. Ex-date: 11th April 2024 Payment date: 26th April 2024 Dividend yield will be 2.6%, which is lower than the industry average of 4.0%. Buy Or Sell Opportunity • Mar 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.4% to Mex$3,296. The fair value is estimated to be Mex$4,130, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 1.5% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Ankündigung • Feb 29
American Tower Corporation Provides Earnings Guidance for the Year 2024 American Tower Corporation provided earnings guidance for the year 2024. For the period, the company expects Net income to be in the range of $3,305 million to $3,415 million. Reported Earnings • Feb 28
Full year 2023 earnings released: FFO per share: US$9.9 (vs US$11.44 in FY 2022) Full year 2023 results: FFO per share: US$9.9 (down from US$11.44 in FY 2022). Revenue: US$11.1b (up 4.0% from FY 2022). Funds from operations (FFO): US$4.61b (down 13% from FY 2022). FFO margin: 41% (down from 49% in FY 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 14
Baker Roofing Company acquired Single Story, 49,754 Square Feet, Class-A Office Building at 3500 Regency Parkway from American Tower Corporation (NYSE:AMT) for $7.1 million. Baker Roofing Company acquired Single Story, 49,754 Square Feet, Class-A Office Building at 3500 Regency Parkway from American Tower Corporation (NYSE:AMT) for $7.1 million on February 13, 2024.Baker Roofing Company completed the acquisition of Single Story, 49,754 Square Feet, Class-A Office Building at 3500 Regency Parkway from American Tower Corporation (NYSE:AMT) on February 13, 2024. Ankündigung • Jan 23
American Tower Corporation to Report Q4, 2023 Results on Feb 27, 2024 American Tower Corporation announced that they will report Q4, 2023 results at 7:00 AM, US Eastern Standard Time on Feb 27, 2024 Upcoming Dividend • Dec 20
Upcoming dividend of US$1.70 per share at 3.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 01 February 2024. Trailing yield: 3.2%. Lower than top quartile of Mexican dividend payers (7.0%). Lower than average of industry peers (4.0%). Ankündigung • Dec 15
American Tower Corporation Declares Cash Distribution on Common Stock, Payable on February 1, 2024 On December 14, 2023, the Board of American Tower Corporation declared a cash distribution of $1.70 per share on shares of the Company’s common stock, payable on February 1, 2024 to the stockholders of record at the close of business on December 28, 2023. Ankündigung • Nov 13
American Towers Reportedly Set to Sell Loss-Making India Operations for $2.2 Billion American Tower Corporation (NYSE:AMT), the US-based telecom towers giant, is close to selling its loss-making India operations at an enterprise valuation of up to $2.2 billion by next month-end. I Squared Capital Advisors, LLC, the US-based infrastructure private equity firm, is leading the race to buy the telecom tower company which has seen a continuous loss of valuation in the last few years, said a banking source. I Squared Capital declined to comment. “We're making significant progress on the strategic review of our India business. As we are in the final stages of this process, we remain committed to communicating the outcome to our shareholders before the end of the year, consistent with our past messaging,” Rod Smith, Executive Vice President, Chief Financial Officer, and Treasurer of ATC said in a conference call with analysts recently. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$1.26 (vs US$1.80 in 3Q 2022) Third quarter 2023 results: EPS: US$1.26 (down from US$1.80 in 3Q 2022). Revenue: US$2.82b (up 5.5% from 3Q 2022). Net income: US$586.9m (down 30% from 3Q 2022). Profit margin: 21% (down from 31% in 3Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 15% per year. Ankündigung • Oct 17
CoreSite,Subsidiary of American Tower Corporation Announces to Launch Valuable Enhancements to Its CoreSite Open Cloud Exchange CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation announced it will launch valuable enhancements to its CoreSite Open Cloud Exchange (OCX), the company’s leading software-defined networking platform, to deliver faster AWS Direct Connect Hosted Connections of up to 50 gigabits per second (Gbps). The new OCX capabilities will further enable businesses to support the next wave of high-bandwidth, low-latency hybrid applications such as artificial intelligence (AI), machine learning (ML) and digital media production. AWS Direct Connect is a networking service that provides an alternative to using the internet to connect to Amazon Web Services (AWS). Using AWS Direct Connect, data that would have previously been transported over the internet is delivered through a private network connection between a customer’s facilities and AWS. Leveraging the 25G and 50G Hosted Connections, businesses will be able to ensure smooth and reliable data transfers at massive scale for real-time analysis, rapid data processing or broadcast media processing. Businesses deploying complex, data-intense workloads will also benefit from the simplified process offered through the OCX to rapidly scale network capacity between the enterprise edge and cloud providers. The OCX capabilities will allow clients to effortlessly scale their network to meet current and future business needs while reducing their operating expenses. Ankündigung • Oct 06
American Tower Corporation to Report Q3, 2023 Results on Oct 26, 2023 American Tower Corporation announced that they will report Q3, 2023 results at 7:00 AM, US Eastern Standard Time on Oct 26, 2023 Ankündigung • Aug 25
I Squared Closes in to Buy ATC's India Telecom Towers for $1.5 Billion -$2 Billion American Tower Corporation (NYSE:AMT) (ATC) is set to cede majority control in its wholly owned India unit to US private equity firm I Squared Capital Advisors, LLC after months of negotiations, said people aware of the matter. The two sides have entered into a 60-day exclusivity agreement for bilateral negotiations that could end in ATC selling a minimum of 51% in its India unit, ATC Telecom Infrastructure Private Limited (ATC-TIPL), to cashing out entirely at an enterprise value of around $1.5 billion - $2.0 billion, the people said. I Squared has been competing with Canada’s Brookfield and US infrastructure fund Stonepeak Partners for the stake. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$1.02 (vs US$1.96 in 2Q 2022) Second quarter 2023 results: EPS: US$1.02 (down from US$1.96 in 2Q 2022). Revenue: US$2.77b (up 3.6% from 2Q 2022). Net income: US$475.7m (down 47% from 2Q 2022). Profit margin: 17% (down from 34% in 2Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Ankündigung • Jun 30
American Tower Corporation to Report Q2, 2023 Results on Jul 27, 2023 American Tower Corporation announced that they will report Q2, 2023 results at 7:00 AM, US Eastern Standard Time on Jul 27, 2023 Ankündigung • Jun 28
I Squared Reportedly Leads the Race to Acquire ATC's India Unit I Squared Capital Advisors, LLC has emerged as the frontrunner to buy a controlling stake in American Tower Corporation (NYSE:AMT)'s wholly-owned Indian unit after negotiations with Brookfield remained inconclusive, said people aware. I Squared Capital is evaluating around a 90% stake buy in ATC's India unit, ATC Telecom Infrastructure (ATC TIPL). Another US infrastructure fund Stonepeak Partners LP is also a contender but I Squared Capital, as of now is the more serious player in the fray, they added. Negotiations with Canada's Brookfield fell through primarily over valuation differences, another person aware said. Brookfield had been evaluating a full buyout. Binding bids are due early next month though senior executives, lawyers and consultants aware of these discussions said the premium valuations sought by ATC remain a sticky point. Sources close to Boston-based ATC continue to peg the enterprise valuation (EV) of its Indian arm at around $4 billion, while I Squared Capital and Stonepeak are expected to bid at $1.8 –$2.2 billion EV. However, the price discovery process is still underway. Stonepeak is already a stakeholder in ATC's US datacentre business, but it does not yet have a presence in India. The valuation disconnect stems from I Squared and Stonepeak's concerns around the sustainability of tenancy revenue inflows in future, amid the pending fundraise and continuing financial struggles of Vodafone Idea (Vi) --ATC's biggest customer in India. “ATC can demand a higher valuation of its India venture but under current circumstances, I Squared and Stonepeak are unlikely to pay $50,000 per tower as they aren't convinced about generating adequate returns and recovering their money via steady tenancy revenues, given key customer Vi's weak financials and the fact that the latter is yet to close its long pen- ding fundraise or even start rolling out 5G networks,” another person cited said. At press time, Stonepeak declined to offer comment while ATC and I Squared Capital did not respond to ET's queries. Ankündigung • Jun 25
American Tower Corporation(NYSE:AMT) dropped from Russell 1000 Value Index American Tower Corporation(NYSE:AMT) dropped from Russell 1000 Value Index Upcoming Dividend • Jun 08
Upcoming dividend of US$1.57 per share at 3.3% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 10 July 2023. Trailing yield: 3.3%. Lower than top quartile of Mexican dividend payers (6.7%). Lower than average of industry peers (4.0%). Ankündigung • Jun 03
Emitel S.A. acquired ATC Polska from American Tower Corporation (NYSE:AMT). Emitel S.A. acquired ATC Polska from American Tower Corporation (NYSE:AMT) on June 1, 2023. The addition of ATC Polska increases Emitel’s total site portfolio to 667, of which over 635 will host telecom equipment. This further strengthens Emitel’s Telecom Infrastructure segment, where the Company is a leading independent developer and operator of telecom infrastructure and provides site hosting and other services to MNOs such as Orange, Polkomtel, Play and T -Mobile.Emitel S.A. completed the acquisition of ATC Polska from American Tower Corporation (NYSE:AMT) on June 1, 2023. 
