View ValuationAmerican Tower 将来の成長Future 基準チェック /26American Tower利益と収益がそれぞれ年間7.8%と4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に146.2% 8%なると予測されています。主要情報7.8%収益成長率8.03%EPS成長率Specialized REITs 収益成長8.0%収益成長率4.0%将来の株主資本利益率146.17%アナリストカバレッジGood最終更新日16 Jun 2026今後の成長に関する最新情報お知らせ • Apr 30American Tower Corporation Raises Earnings Guidance for the Year 2026American 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.お知らせ • Feb 24American Tower Corporation Provides Earnings Guidance for the Year 2026American 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.お知らせ • Oct 28American Tower Corporation Raises Earnings Guidance for the Year 2025American 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.Major Estimate Revision • Aug 05Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$10.4b to US$10.5b. EPS estimate fell from US$6.16 to US$5.38 per share. Net income forecast to grow 18% next year vs 12% growth forecast for Specialized REITs industry in the US. Consensus price target broadly unchanged at US$249. Share price fell 5.0% to US$213 over the past week.お知らせ • Jul 29American Tower Corporation Provides Earnings Guidance for the Year 2025American 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.お知らせ • Apr 29American Tower Corporation Provides Earnings Guidance for the Year 2025American 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.すべての更新を表示Recent updatesSeeking Alpha • Jun 12American Tower: Buy This Infrastructure REIT Before Growth ReacceleratesSummary American Tower remains a buy, offering resilient growth, robust income, and strategic positioning in global communications infrastructure. AMT’s integrated tower and CoreSite data center assets drive margin expansion, with management targeting 200–300 bps adjusted EBITDA margin growth by decade’s end. Emerging markets and Europe fuel organic tenant billings growth, offsetting Latin America weakness and supporting 5–9% annual FFO/share growth estimates. At a forward P/FFO of 18.5, AMT trades below historical norms, with a 3.8% yield, a 70% payout ratio, and mid-single digit dividend growth guidance. Read the full article on Seeking AlphaUpcoming Dividend • Jun 08Upcoming dividend of US$1.79 per shareEligible shareholders must have bought the stock before 12 June 2026. Payment date: 13 July 2026. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.2%). In line with average of industry peers (3.8%).ライブニュース • Jun 06American Tower Reports Growth and Dividend Increase While Ending DISH Agreement and Pursuing LitigationAmerican Tower reported a strong Q1 2026, with revenue and net income growth, a 5% dividend increase, and relatively low net leverage compared with Crown Castle. Crown Castle completed the sale of its fiber and small-cell businesses, using proceeds for debt repayment and a share repurchase program, while managing tighter payout pressures and a recent credit rating downgrade. American Tower terminated its Strategic Collocation Agreement with DISH Wireless after claimed payment defaults, has treated all DISH revenue since January 1, 2026 as churn, and does not expect a negative impact on full-year 2026 financial performance, while pursuing litigation over DISH’s commitments. The mix of solid Q1 results, a dividend increase, and lower leverage positions American Tower as a comparatively more flexible tower operator next to a more constrained Crown Castle, despite the contract fallout with DISH. The DISH termination and ongoing litigation add a legal and customer-concentration risk to monitor, even though American Tower currently does not guide to a full-year financial impact from the lost revenue.Declared Dividend • May 25First quarter dividend of US$1.79 announcedShareholders will receive a dividend of US$1.79. Ex-date: 12th June 2026 Payment date: 13th July 2026 Dividend yield will be 3.8%, which is about the same as the industry average.お知らせ • May 23American Tower Corporation announces Quarterly dividend, payable on July 13, 2026American 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.お知らせ • Apr 30American Tower Corporation Raises Earnings Guidance for the Year 2026American 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 28First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst 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 exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 16%. 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 Specialized REITs industry in the US. 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 3% per year, which means it is significantly lagging earnings.お知らせ • Apr 09American Tower Corporation, Annual General Meeting, May 20, 2026American Tower Corporation, Annual General Meeting, May 20, 2026.Upcoming Dividend • Apr 07Upcoming dividend of US$1.79 per shareEligible shareholders must have bought the stock before 14 April 2026. Payment date: 28 April 2026. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.3%). In line with average of industry peers (3.9%).お知らせ • Apr 01American Tower Corporation to Report Q1, 2026 Results on Apr 28, 2026American Tower Corporation announced that they will report Q1, 2026 results at 7:00 AM, US Eastern Standard Time on Apr 28, 2026お知らせ • Mar 11American Tower Corporation Announces Robert D. Hormats Will Not Stand for Re-Election as Director, Member of the Nominating & Corporate Governance CommitteeAmerican 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 09Fourth quarter dividend increased to US$1.79Dividend of US$1.79 is 5.3% higher than last year. Ex-date: 14th April 2026 Payment date: 28th April 2026 Dividend yield will be 3.7%, which is lower than the industry average of 3.9%.Recent Insider Transactions Derivative • Mar 06President notifies of intention to sell stockSteven Vondran intends to sell 33k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of March. If the sale is conducted around the recent share price of US$188, it would amount to US$6.3m. For the year to December 2019, Steven's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Steven has owned 83.61k shares directly. Company insiders have collectively sold US$3.4m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Mar 06American Tower Corporation Declares Quarterly Cash Distribution, Payable on April 28, 2026American 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 24Full year 2025 earnings: EPS exceeds analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.9%. 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 Specialized REITs industry in the US. 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 1% per year, which means it is significantly lagging earnings.お知らせ • Feb 24American Tower Corporation Provides Earnings Guidance for the Year 2026American 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.Recent Insider Transactions Derivative • Feb 22Executive VP exercised options and sold US$3.3m worth of stockOn the 17th of February, Rodney Smith exercised 34k options at a strike price of around US$94.71 and sold these shares for an average price of US$192 per share. This trade did not impact their existing holding. Since March 2025, Rodney has owned 89.71k shares directly. Company insiders have collectively sold US$5.0m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Jan 30American Tower Corporation Appoints Paul Blanchett as Senior Vice President and Chief Accounting Officer, Effective April 27, 2026American 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.お知らせ • Jan 28American Tower Corporation to Report Q4, 2025 Results on Feb 24, 2026American Tower Corporation announced that they will report Q4, 2025 results at 7:00 AM, US Eastern Standard Time on Feb 24, 2026Upcoming Dividend • Dec 22Upcoming dividend of US$1.70 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 02 February 2026. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (4.3%).Declared Dividend • Dec 08Third quarter dividend of US$1.70 announcedShareholders will receive a dividend of US$1.70. Ex-date: 29th December 2025 Payment date: 2nd February 2026 Dividend yield will be 3.8%, which is about the same as the industry average.お知らせ • Dec 05American Tower Corporation Declares Quarterly Distribution, Payable on February 2, 2026American 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.お知らせ • Nov 08American Tower Corporation Announce Retirement of Robert J. Meyer as Senior Vice President and Chief Accounting OfficerOn 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.Reported Earnings • Oct 29Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird 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 exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 11%. 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 Specialized REITs industry in the US. 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 4% per year, which means it is significantly lagging earnings.お知らせ • Oct 28American Tower Corporation Raises Earnings Guidance for the Year 2025American 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.ナラティブの更新 • Oct 085G Upgrades And Data Center Expansion Will Support Leasing ActivityAmerican Tower's analyst price target was reduced slightly from $249.21 to $246.32. Analysts cited modest sector pressures and muted carrier activity in the context of ongoing valuation recalibrations.お知らせ • Oct 01American Tower Corporation to Report Q3, 2025 Results on Oct 28, 2025American Tower Corporation announced that they will report Q3, 2025 results at 7:00 AM, US Eastern Standard Time on Oct 28, 2025Declared Dividend • Sep 22Second quarter dividend of US$1.70 announcedShareholders will receive a dividend of US$1.70. Ex-date: 30th September 2025 Payment date: 20th October 2025 Dividend yield will be 3.5%, which is lower than the industry average of 3.9%.お知らせ • Sep 19+ 1 more updateOlivier Puech to Retire as Executive Vice President and President, International of American Tower Corporation, Effective January 2, 2026American Tower Corporation announced that on September 16, 2025, Olivier Puech communicated his intention to retire from his role as company's Executive Vice President and President, International, effective January 2, 2026.お知らせ • Aug 26American Tower Corporation Elects Gene Reilly as Board DirectorAmerican 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).Major Estimate Revision • Aug 05Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$10.4b to US$10.5b. EPS estimate fell from US$6.16 to US$5.38 per share. Net income forecast to grow 18% next year vs 12% growth forecast for Specialized REITs industry in the US. Consensus price target broadly unchanged at US$249. Share price fell 5.0% to US$213 over the past week.お知らせ • Jul 29American Tower Corporation Provides Earnings Guidance for the Year 2025American 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.お知らせ • Jul 08American Tower Corporation to Report Q2, 2025 Results on Jul 29, 2025American Tower Corporation announced that they will report Q2, 2025 results at 7:00 AM, US Eastern Standard Time on Jul 29, 2025Upcoming Dividend • Jun 06Upcoming dividend of US$1.70 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 11 July 2025. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.7%).Declared Dividend • May 19First quarter dividend of US$1.70 announcedShareholders will receive a dividend of US$1.70. Ex-date: 13th June 2025 Payment date: 11th July 2025 Dividend yield will be 3.1%, which is lower than the industry average of 3.9%.お知らせ • May 16American Tower Corporation Declares Quarterly Distribution, Payable on July 11, 2025American 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.お知らせ • Apr 30CoreSite Launches Data Center Knowledge Base to Educate on Critical InfrastructureCoreSite 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.Reported Earnings • Apr 29First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: US$1.05 (down from US$1.97 in 1Q 2024). Revenue: US$2.56b (down 9.6% from 1Q 2024). Net income: US$488.7m (down 47% from 1Q 2024). Profit margin: 19% (down from 32% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialized REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year.お知らせ • Apr 29American Tower Corporation Provides Earnings Guidance for the Year 2025American 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.Seeking Alpha • Apr 29American Tower: Why We Reacquired The StockSummary Re-acquired shares of American Tower Corporation due to attractive valuation and higher earnings visibility, despite exiting in 2024 due to fair valuation. Shares performed well due to accelerating carrier bookings and solid 2025 financial outlook, post-exit from India and focus on developed markets. American Tower trades at a discount to historical and REIT multiples, offering high single-digit growth and durable, secular growth prospects. Optimistic about long-term growth driven by mobile data usage, 5G/6G deployment, edge computing, and IoT, with potential upside from capital allocation opportunities. Read the full article on Seeking AlphaUpcoming Dividend • Apr 04Upcoming dividend of US$1.70 per shareEligible shareholders must have bought the stock before 11 April 2025. Payment date: 28 April 2025. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (3.8%).お知らせ • Apr 03American Tower Corporation, Annual General Meeting, May 14, 2025American Tower Corporation, Annual General Meeting, May 14, 2025.お知らせ • Apr 02American Tower Corporation to Report Q1, 2025 Results on Apr 29, 2025American Tower Corporation announced that they will report Q1, 2025 results at 7:00 AM, US Eastern Standard Time on Apr 29, 2025Declared Dividend • Mar 10Fourth quarter dividend increased to US$1.70Dividend of US$1.70 is 4.9% higher than last year. Ex-date: 11th April 2025 Payment date: 28th April 2025 Dividend yield will be 3.1%, which is lower than the industry average of 3.9%.お知らせ • Mar 07American Tower Corporation Declares Quarterly Distribution, Payable on April 28, 2025American 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 02Senior VP & Chief Accounting Officer recently sold US$1.1m worth of stockOn the 27th of February, Robert Meyer sold around 6k shares on-market at roughly US$202 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 US$7.2m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Feb 27Independent Non-Executive Chairman notifies of intention to sell stockPamela D. Reeve intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of February. If the sale is conducted around the recent share price of US$203, it would amount to US$1.0m. Since March 2024, Pamela D. has owned 18.55k shares directly. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Feb 27Despite The Pullback, American Tower Remains A Decent PlaySummary American Tower Corporation saw a 6.1% stock price increase after reporting strong Q4 2024 results, with revenue and FFO exceeding analysts' expectations. Despite a 10.5% decline since my October 2024 'buy' recommendation, I remain optimistic about American Tower's long-term prospects, especially its data center growth. Management plans $1.7 billion in capital expenditures for 2025, focusing on growth initiatives, including $600 million for data center campuses. While 2025 guidance indicates mixed results, American Tower remains a high-quality, low-risk investment, warranting a soft 'buy' rating. Read the full article on Seeking AlphaReported Earnings • Feb 26Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull 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 missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialized REITs industry in the US. 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.お知らせ • Feb 26American Tower Corporation Provides Earnings Guidance for the Full Year 2025American 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.Recent Insider Transactions Derivative • Feb 19Executive VP exercised options and sold US$1.6m worth of stockOn the 13th of February, Rodney Smith exercised 17k options at a strike price of around US$94.57 and sold these shares for an average price of US$190 per share. This trade did not impact their existing holding. Since March 2024, Rodney's direct individual holding has increased from 42.76k shares to 43.34k. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Feb 07American Tower Corporation Appoints Rajesh Kalathur as a Director and Member of its Audit CommitteeOn 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.お知らせ • Jan 23American Tower Corporation to Report Q4, 2024 Results on Feb 25, 2025American Tower Corporation announced that they will report Q4, 2024 results at 7:00 AM, US Eastern Standard Time on Feb 25, 2025Seeking Alpha • Jan 21American Tower's Imminent Dividend Hike - Double Digits Data Center GrowthSummary American Tower's recent sell-off has been well warranted, with it triggering the improved entry points, richer dividend yields, and double digits upside potential. Much of the outperformance is linked to the growing 5G buildouts along with double digits data center growth for three consecutive years, with 2025 bringing forth increased capacity. Given the last tranche of TMUS churn and recent exit from India markets, we believe that AMT is likely to report robust sequential growth moving forward. If anything, the management has reiterated their upcoming dividend hike in 2025, in line with the mid-single digits projected AFFO per share growth. With another beat performance likely in the upcoming FQ4'24 earnings call, sentiments surrounding AMT may have bottomed at $170s, with 2025 bringing forth brighter prospects. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Jan 19Executive VP exercised options and sold US$1.4m worth of stockOn the 16th of January, Rodney Smith exercised 17k options at a strike price of around US$94.57 and sold these shares for an average price of US$181 per share. This trade did not impact their existing holding. Since March 2024, Rodney's direct individual holding has increased from 42.76k shares to 43.22k. Company insiders have collectively sold US$19m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Jan 07American Tower Corporation Announces Executive Changes, Effective January 13, 2025American 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.Upcoming Dividend • Dec 23Upcoming dividend of US$1.62 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 03 February 2025. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (3.9%).Seeking Alpha • Dec 19American Tower: Buy The Drop While The Market Is FearfulSummary American Tower's recent price decline presents a compelling opportunity for income-focused investors, offering a 3.5% dividend yield and potential for market-beating total returns. AMT's robust global portfolio, including 224K communication sites and data centers, provides steady tenant billings growth and expanding opportunities in Europe. Strong financials, a solid balance sheet, and a prudent capital deployment strategy in developed markets underscore AMT's resilience and long-term growth potential. Read the full article on Seeking AlphaDeclared Dividend • Dec 09Third quarter dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 27th December 2024 Payment date: 3rd February 2025 Dividend yield will be 3.1%, which is lower than the industry average of 3.9%.Seeking Alpha • Nov 18American Tower: An Undervalued Dividend Stock Benefiting From Durable Competitive AdvantagesSummary American Tower, a real estate investment trust that owns, operates, and develops broadcast communications infrastructure worldwide, is now a $94 billion (by market cap) real estate titan. AMT increased its dividend for 14 consecutive years, with a 10-year dividend growth rate of 19.1%. American Tower advanced its revenue from $4.1 billion in FY 2014 to $11.1 billion in FY 2023, a compound annual growth rate of 11.7%. American Tower’s acquisition of CoreSite Realty Corporation was prescient, preparing the business for growing cloud demand and edge computing. Read the full article on Seeking AlphaMajor Estimate Revision • Nov 05Consensus EPS estimates fall by 38%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$10.9b to US$10.7b. EPS estimate also fell from US$6.93 per share to US$4.27 per share. Net income forecast to grow 45% next year vs 0.9% growth forecast for Specialized REITs industry in the US. Consensus price target broadly unchanged at US$241. Share price fell 4.5% to US$212 over the past week.Reported Earnings • Oct 30Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird 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 missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Specialized REITs industry in the US. 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.Seeking Alpha • Oct 21American Tower's Multiyear Underperformance Will ContinueSummary American Tower remains overvalued, underperforming the S&P 500 by 40% since our last recommendation against investing in the company. The company's substantial debt, lofty valuation, and moderate growth prospects limit its potential for future shareholder returns. Rising competition in the datacenter sector and a high payout ratio could hinder American Tower's long-term dividend growth. Despite stable cash flow, American Tower's high debt load and lower dividend yield suggest continued market underperformance. Read the full article on Seeking Alphaお知らせ • Oct 02American Tower Corporation to Report Q3, 2024 Results on Oct 29, 2024American Tower Corporation announced that they will report Q3, 2024 results at 7:00 AM, US Eastern Standard Time on Oct 29, 2024Upcoming Dividend • Oct 02Upcoming dividend of US$1.62 per shareEligible shareholders must have bought the stock before 09 October 2024. Payment date: 25 October 2024. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.5%).Seeking Alpha • Sep 19American Tower: 5G Reacceleration, But Volatility Comes First (Rating Upgrade)Summary American Tower's (AMT) stock price appreciated by nearly 24% since February, driven by improved financial performance and a more dovish-looking Fed. The India exit, involving a $2.5 billion asset sale, impacts AMT's global ranking and revenue but aids in deleveraging and improving FFO per share. Despite challenges in 5G investment globally, AMT expects U.S. market growth and has seen increased application activity, beating Q1 and Q2 expectations. Also, CoreSite acquisition positions AMT in AI, as it moves towards the edge. This remains a rate-sensitive stock, but it deserves better given it is improving the quality of earnings by exiting emerging markets and controlling leverage. Read the full article on Seeking AlphaRecent Insider Transactions • Sep 18Insider recently sold US$1.2m worth of stockOn the 13th of September, Sanjay Goel sold around 5k shares on-market at roughly US$238 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 US$2.3m. Insiders have been net sellers, collectively disposing of US$6.0m more than they bought in the last 12 months.Declared Dividend • Sep 16Second quarter dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 9th October 2024 Payment date: 25th October 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.9%.お知らせ • Sep 12Data 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.お知らせ • Sep 10Waveconn 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 Derivative • Sep 05Insider notifies of intention to sell stockOlivier Puech intends to sell 19k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of September. If the sale is conducted around the recent share price of US$230, it would amount to US$4.4m. Since March 2024, Olivier's direct individual holding has decreased from 38.98k shares to 19.11k. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Aug 30Insider recently sold US$2.3m worth of stockOn the 26th of August, Olivier Puech sold around 10k shares on-market at roughly US$226 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 US$4.8m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Aug 28Insider notifies of intention to sell stockOlivier Puech intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of August. If the sale is conducted around the recent share price of US$228, it would amount to US$2.3m. Since March 2024, Olivier's direct individual holding has decreased from 38.98k shares to 29.09k. Company insiders have collectively sold US$9.8m more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Aug 17Say 'Night Night' With American TowerSummary It pays to select 'first round draft picks' for one's portfolio to help achieve your long-term financial goals. American Tower appears to be on such top pick for stable income and solid total returns from high quality assets. AMT's strong fundamentals, diverse portfolio, and strategic focus on high-demand sectors make it a solid investment opportunity. Read the full article on Seeking AlphaSeeking Alpha • Aug 09American Tower: The Perfect Exposure For Lower Interest RatesSummary American Tower offers great exposure to likely lower interest rates. The company can unleash significant income from lower interest expenses and operating leverage. The management is doing enough to reduce net leverage. Read the full article on Seeking AlphaNew Risk • Aug 08New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$2.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (US$2.3m sold).Recent Insider Transactions • Aug 08Insider recently sold US$1.1m worth of stockOn the 2nd of August, Sanjay Goel sold around 5k shares on-market at roughly US$235 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 US$2.6m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Aug 04President notifies of intention to sell stockSteven Vondran intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of August. If the sale is conducted around the recent share price of US$230, it would amount to US$5.0m. For the year to December 2019, Steven's total compensation was 9% salary and 91% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Steven has owned 34.36k shares directly. Company insiders have collectively sold US$6.2m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Aug 01Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond 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 exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Specialized REITs industry in the US. 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 8% per year, which means it has not declined as severely as earnings.Seeking Alpha • Jul 09American Tower: An Undervalued 'Blackstone-Style' REITSummary Blackstone faces challenges in a post-low interest rate environment, diversifying into riskier real estate sectors for higher returns. American Tower Corporation has outperformed the market significantly, focusing on global 5G infrastructure expansion for future growth. AMT's international footprint and investment in data centers position it well for continued growth in the evolving real estate market. Read the full article on Seeking Alphaお知らせ • Jul 03+ 1 more updateAmerican Tower Corporation(NYSE:AMT) dropped from Russell 1000 Growth-Defensive IndexAmerican Tower Corporation(NYSE:AMT) dropped from Russell 1000 Growth-Defensive Indexお知らせ • Jun 28American Tower Corporation to Report Q2, 2024 Results on Jul 30, 2024American Tower Corporation announced that they will report Q2, 2024 results at 7:00 AM, US Eastern Standard Time on Jul 30, 2024Seeking Alpha • Jun 06American Tower Isn't Dead As The Tide Is Potentially TurningSummary American Tower stock has demonstrated remarkable resilience recently. The leading communications REIT could return to growth as interest rates have likely peaked. AMT's upgraded guidance has improved buying sentiments, suggesting the worst is likely over. A buying opportunity remains attractive, with AMT still valued below its long-term average. I argue why AMT investors shouldn't miss adding exposure as the tide is potentially turning. Read the full article on Seeking AlphaDeclared Dividend • May 27First quarter dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 14th June 2024 Payment date: 12th July 2024 Dividend yield will be 3.5%, which is lower than the industry average of 3.9%.お知らせ • May 03American Tower Corporation Provides Earnings Guidance for the Year 2024American 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 01First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst 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 exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Specialized REITs industry in the US. 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 11% per year, which means it has not declined as severely as earnings.Seeking Alpha • May 01American Tower: Tower-Ing ReturnsSummary Tower REITs benefit from population growth, new technologies, and data proliferation, driving demand for more towers and increasing cash flow growth potential. The industry has faced recent challenges due to weaker leasing activity in the US, churn from Sprint, and higher rates. Depressed by technical selling after a small change in dividend policy, AMT's current valuation presents an attractive entry point based on our SOTP valuation, which implies ~25% upside. Read the full article on Seeking AlphaSeeking Alpha • Apr 21American Tower: Buy-And-Hold Investors Should Be Euphoric About This BargainSummary American Tower trades well below their 5-year P/AFFO average of roughly 25x, presenting a great buying opportunity for long-term investors. The company has shown solid growth in a challenging economic environment and managed to grow its top & bottom lines YoY despite a miss in Q4. The stock is currently trading at a discount compared to its historical average and offers potential upside for long-term investors. The REIT managed to improve its balance sheet and increase its liquidity during the fiscal year. With rate cuts likely out of the picture for June, this will likely continue to place downward pressure on American Tower's share price in the near term. Read the full article on Seeking Alphaお知らせ • Apr 05American Tower Corporation to Report Q1, 2024 Results on Apr 30, 2024American Tower Corporation announced that they will report Q1, 2024 results at 7:00 AM, US Eastern Standard Time on Apr 30, 2024Upcoming Dividend • Apr 04Upcoming dividend of US$1.62 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 26 April 2024. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (4.0%).Seeking Alpha • Mar 25American Tower: Don't Be Fooled By The Dividend CutSummary American Tower recently cut its dividend, but it's not a cause for concern as the company remains in a strong position for growth. The company has a resilient infrastructure with a large portfolio of towers and data centers, providing stable revenue streams. Analysts predict accelerating growth for American Tower after 2024, backed by favorable secular growth trends like IoT. Read the full article on Seeking AlphaDeclared Dividend • Mar 18Fourth quarter dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 11th April 2024 Payment date: 26th April 2024 Dividend yield will be 3.3%, which is lower than the industry average of 3.9%.お知らせ • Mar 15+ 1 more updateAmerican Tower Corporation Declares Quarterly Cash Distribution, Payable on April 26, 2024On March 14, 2024, the Board of American Tower Corporation declared a quarterly cash distribution of $1.62 per share on shares of the Company’s common stock. The distribution is payable on April 26, 2024 to the stockholders of record at the close of business on April 12, 2024. As communicated on the Company’s fourth quarter 2023 earnings conference call, the distribution of $1.62 per share represents a step down compared to the fourth quarter 2023 dividend of $1.70 per share and the Company expects to maintain an annual dividend payout in 2024 that is relatively flat compared to that of 2023, subject to Board approval. Additionally, the Company anticipates paying out its annual dividend through a flat quarterly dividend per share cadence in 2024, also subject to Board approval.Major Estimate Revision • Mar 05Consensus EPS estimates increase by 52%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$4.77 to US$7.25. Revenue forecast steady at US$11.2b. Net income forecast to grow 125% next year vs 3.3% decline forecast for Specialized REITs industry in the US. Consensus price target broadly unchanged at US$227. Share price rose 10% to US$206 over the past week.Recent Insider Transactions Derivative • Mar 04Executive VP notifies of intention to sell stockRodney Smith intends to sell 12k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of March. If the sale is conducted around the recent share price of US$198, it would amount to US$2.3m. Since March 2023, Rodney's direct individual holding has decreased from 34.40k shares to 27.65k. Company insiders have collectively sold US$1.8m more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Mar 02Growth Or Dividends? Get Both With American TowerSummary Growth stocks are popular, but it's important to stay level-headed and focus on growth at a reasonable price. It's all the better if the stock pays you for owning it. American Tower is a REIT that offers both growth and meaningful income, with a strong dividend growth track record. Despite headwinds from higher interest rates, AMT is expected to benefit from data center and international expansion, and improved balance sheet flexibility. Read the full article on Seeking Alpha業績と収益の成長予測NYSE:AMT - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202811,9223,5204,5725,6011212/31/202711,2863,2163,9475,4681812/31/202610,9163,0874,2515,596203/31/202610,8192,9005,5705,570N/A12/31/202510,6452,5305,4645,464N/A9/30/202510,4552,9385,2365,236N/A6/30/202510,2602,5015,2455,245N/A3/31/202510,1772,8965,3025,302N/A12/31/202410,1273,2335,2915,291N/A9/30/202410,0362,0145,2335,233N/A6/30/202410,0352,3825,0655,065N/A3/31/20249,7582,0454,9364,936N/A12/31/202310,0121,5554,7224,722N/A9/30/202310,2618614,7664,766N/A6/30/202310,4129164,3974,397N/A3/31/202310,8181,3904,1034,103N/A12/31/20229,6452,0423,6963,696N/A9/30/202210,4512,9033,1903,190N/A6/30/202210,2342,7864,3544,354N/A3/31/20229,8592,6344,3914,391N/A12/31/20219,3572,5684,8204,820N/A9/30/20219,0342,4795,2735,273N/A6/30/20218,5932,2214,1374,137N/A3/31/20218,2071,9214,1744,174N/A12/31/20208,0421,6913,8813,881N/A9/30/20207,8431,8883,7433,743N/A6/30/20207,7831,9223,7203,720N/A3/31/20207,7601,9053,7683,768N/A12/31/20197,5801,888N/A3,753N/A9/30/20197,7891,603N/A4,022N/A6/30/20197,6201,471N/A3,838N/A3/31/20197,5121,349N/A3,742N/A12/31/20187,4401,227N/A3,748N/A9/30/20187,0131,169N/A3,274N/A6/30/20186,9081,101N/A3,185N/A3/31/20186,7901,138N/A3,039N/A12/31/20176,6641,152N/A2,926N/A9/30/20176,4991,134N/A2,860N/A6/30/20176,3331,074N/A2,863N/A3/31/20176,113890N/A2,816N/A12/31/20165,786849N/A2,702N/A9/30/20165,526853N/A2,618N/A6/30/20165,249691N/A2,458N/A3/31/20164,981660N/A2,237N/A12/31/20154,772595N/A2,167N/A9/30/20154,538558N/A2,109N/A6/30/20154,338681N/A2,099N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: AMTの予測収益成長率 (年間7.8% ) は 貯蓄率 ( 3.5% ) を上回っています。収益対市場: AMTの収益 ( 7.8% ) US市場 ( 18.8% ) よりも低い成長が予測されています。高成長収益: AMTの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: AMTの収益 ( 4% ) US市場 ( 12.9% ) よりも低い成長が予測されています。高い収益成長: AMTの収益 ( 4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: AMTの 自己資本利益率 は、3年後には非常に高くなると予測されています ( 146.2 %)。成長企業の発掘7D1Y7D1Y7D1YReal-estate 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/18 20:46終値2026/06/18 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋American Tower Corporation 20 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。47 アナリスト機関Harshit GuptaAccountability Research CorporationJacob KilsteinArgus Research CompanyAmir RozwadowskiBarclays44 その他のアナリストを表示
お知らせ • Apr 30American Tower Corporation Raises Earnings Guidance for the Year 2026American 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.
お知らせ • Feb 24American Tower Corporation Provides Earnings Guidance for the Year 2026American 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.
お知らせ • Oct 28American Tower Corporation Raises Earnings Guidance for the Year 2025American 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.
Major Estimate Revision • Aug 05Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$10.4b to US$10.5b. EPS estimate fell from US$6.16 to US$5.38 per share. Net income forecast to grow 18% next year vs 12% growth forecast for Specialized REITs industry in the US. Consensus price target broadly unchanged at US$249. Share price fell 5.0% to US$213 over the past week.
お知らせ • Jul 29American Tower Corporation Provides Earnings Guidance for the Year 2025American 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.
お知らせ • Apr 29American Tower Corporation Provides Earnings Guidance for the Year 2025American 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.
Seeking Alpha • Jun 12American Tower: Buy This Infrastructure REIT Before Growth ReacceleratesSummary American Tower remains a buy, offering resilient growth, robust income, and strategic positioning in global communications infrastructure. AMT’s integrated tower and CoreSite data center assets drive margin expansion, with management targeting 200–300 bps adjusted EBITDA margin growth by decade’s end. Emerging markets and Europe fuel organic tenant billings growth, offsetting Latin America weakness and supporting 5–9% annual FFO/share growth estimates. At a forward P/FFO of 18.5, AMT trades below historical norms, with a 3.8% yield, a 70% payout ratio, and mid-single digit dividend growth guidance. Read the full article on Seeking Alpha
Upcoming Dividend • Jun 08Upcoming dividend of US$1.79 per shareEligible shareholders must have bought the stock before 12 June 2026. Payment date: 13 July 2026. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.2%). In line with average of industry peers (3.8%).
ライブニュース • Jun 06American Tower Reports Growth and Dividend Increase While Ending DISH Agreement and Pursuing LitigationAmerican Tower reported a strong Q1 2026, with revenue and net income growth, a 5% dividend increase, and relatively low net leverage compared with Crown Castle. Crown Castle completed the sale of its fiber and small-cell businesses, using proceeds for debt repayment and a share repurchase program, while managing tighter payout pressures and a recent credit rating downgrade. American Tower terminated its Strategic Collocation Agreement with DISH Wireless after claimed payment defaults, has treated all DISH revenue since January 1, 2026 as churn, and does not expect a negative impact on full-year 2026 financial performance, while pursuing litigation over DISH’s commitments. The mix of solid Q1 results, a dividend increase, and lower leverage positions American Tower as a comparatively more flexible tower operator next to a more constrained Crown Castle, despite the contract fallout with DISH. The DISH termination and ongoing litigation add a legal and customer-concentration risk to monitor, even though American Tower currently does not guide to a full-year financial impact from the lost revenue.
Declared Dividend • May 25First quarter dividend of US$1.79 announcedShareholders will receive a dividend of US$1.79. Ex-date: 12th June 2026 Payment date: 13th July 2026 Dividend yield will be 3.8%, which is about the same as the industry average.
お知らせ • May 23American Tower Corporation announces Quarterly dividend, payable on July 13, 2026American 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.
お知らせ • Apr 30American Tower Corporation Raises Earnings Guidance for the Year 2026American 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 28First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst 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 exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 16%. 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 Specialized REITs industry in the US. 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 3% per year, which means it is significantly lagging earnings.
お知らせ • Apr 09American Tower Corporation, Annual General Meeting, May 20, 2026American Tower Corporation, Annual General Meeting, May 20, 2026.
Upcoming Dividend • Apr 07Upcoming dividend of US$1.79 per shareEligible shareholders must have bought the stock before 14 April 2026. Payment date: 28 April 2026. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.3%). In line with average of industry peers (3.9%).
お知らせ • Apr 01American Tower Corporation to Report Q1, 2026 Results on Apr 28, 2026American Tower Corporation announced that they will report Q1, 2026 results at 7:00 AM, US Eastern Standard Time on Apr 28, 2026
お知らせ • Mar 11American Tower Corporation Announces Robert D. Hormats Will Not Stand for Re-Election as Director, Member of the Nominating & Corporate Governance CommitteeAmerican 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 09Fourth quarter dividend increased to US$1.79Dividend of US$1.79 is 5.3% higher than last year. Ex-date: 14th April 2026 Payment date: 28th April 2026 Dividend yield will be 3.7%, which is lower than the industry average of 3.9%.
Recent Insider Transactions Derivative • Mar 06President notifies of intention to sell stockSteven Vondran intends to sell 33k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of March. If the sale is conducted around the recent share price of US$188, it would amount to US$6.3m. For the year to December 2019, Steven's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Steven has owned 83.61k shares directly. Company insiders have collectively sold US$3.4m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Mar 06American Tower Corporation Declares Quarterly Cash Distribution, Payable on April 28, 2026American 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 24Full year 2025 earnings: EPS exceeds analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.9%. 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 Specialized REITs industry in the US. 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 1% per year, which means it is significantly lagging earnings.
お知らせ • Feb 24American Tower Corporation Provides Earnings Guidance for the Year 2026American 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.
Recent Insider Transactions Derivative • Feb 22Executive VP exercised options and sold US$3.3m worth of stockOn the 17th of February, Rodney Smith exercised 34k options at a strike price of around US$94.71 and sold these shares for an average price of US$192 per share. This trade did not impact their existing holding. Since March 2025, Rodney has owned 89.71k shares directly. Company insiders have collectively sold US$5.0m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Jan 30American Tower Corporation Appoints Paul Blanchett as Senior Vice President and Chief Accounting Officer, Effective April 27, 2026American 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.
お知らせ • Jan 28American Tower Corporation to Report Q4, 2025 Results on Feb 24, 2026American 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 22Upcoming dividend of US$1.70 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 02 February 2026. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (4.3%).
Declared Dividend • Dec 08Third quarter dividend of US$1.70 announcedShareholders will receive a dividend of US$1.70. Ex-date: 29th December 2025 Payment date: 2nd February 2026 Dividend yield will be 3.8%, which is about the same as the industry average.
お知らせ • Dec 05American Tower Corporation Declares Quarterly Distribution, Payable on February 2, 2026American 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.
お知らせ • Nov 08American Tower Corporation Announce Retirement of Robert J. Meyer as Senior Vice President and Chief Accounting OfficerOn 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.
Reported Earnings • Oct 29Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird 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 exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 11%. 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 Specialized REITs industry in the US. 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 4% per year, which means it is significantly lagging earnings.
お知らせ • Oct 28American Tower Corporation Raises Earnings Guidance for the Year 2025American 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.
ナラティブの更新 • Oct 085G Upgrades And Data Center Expansion Will Support Leasing ActivityAmerican Tower's analyst price target was reduced slightly from $249.21 to $246.32. Analysts cited modest sector pressures and muted carrier activity in the context of ongoing valuation recalibrations.
お知らせ • Oct 01American Tower Corporation to Report Q3, 2025 Results on Oct 28, 2025American 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 22Second quarter dividend of US$1.70 announcedShareholders will receive a dividend of US$1.70. Ex-date: 30th September 2025 Payment date: 20th October 2025 Dividend yield will be 3.5%, which is lower than the industry average of 3.9%.
お知らせ • Sep 19+ 1 more updateOlivier Puech to Retire as Executive Vice President and President, International of American Tower Corporation, Effective January 2, 2026American Tower Corporation announced that on September 16, 2025, Olivier Puech communicated his intention to retire from his role as company's Executive Vice President and President, International, effective January 2, 2026.
お知らせ • Aug 26American Tower Corporation Elects Gene Reilly as Board DirectorAmerican 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).
Major Estimate Revision • Aug 05Consensus EPS estimates fall by 13%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$10.4b to US$10.5b. EPS estimate fell from US$6.16 to US$5.38 per share. Net income forecast to grow 18% next year vs 12% growth forecast for Specialized REITs industry in the US. Consensus price target broadly unchanged at US$249. Share price fell 5.0% to US$213 over the past week.
お知らせ • Jul 29American Tower Corporation Provides Earnings Guidance for the Year 2025American 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.
お知らせ • Jul 08American Tower Corporation to Report Q2, 2025 Results on Jul 29, 2025American Tower Corporation announced that they will report Q2, 2025 results at 7:00 AM, US Eastern Standard Time on Jul 29, 2025
Upcoming Dividend • Jun 06Upcoming dividend of US$1.70 per shareEligible shareholders must have bought the stock before 13 June 2025. Payment date: 11 July 2025. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.7%).
Declared Dividend • May 19First quarter dividend of US$1.70 announcedShareholders will receive a dividend of US$1.70. Ex-date: 13th June 2025 Payment date: 11th July 2025 Dividend yield will be 3.1%, which is lower than the industry average of 3.9%.
お知らせ • May 16American Tower Corporation Declares Quarterly Distribution, Payable on July 11, 2025American 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.
お知らせ • Apr 30CoreSite Launches Data Center Knowledge Base to Educate on Critical InfrastructureCoreSite 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.
Reported Earnings • Apr 29First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: US$1.05 (down from US$1.97 in 1Q 2024). Revenue: US$2.56b (down 9.6% from 1Q 2024). Net income: US$488.7m (down 47% from 1Q 2024). Profit margin: 19% (down from 32% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialized REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year.
お知らせ • Apr 29American Tower Corporation Provides Earnings Guidance for the Year 2025American 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.
Seeking Alpha • Apr 29American Tower: Why We Reacquired The StockSummary Re-acquired shares of American Tower Corporation due to attractive valuation and higher earnings visibility, despite exiting in 2024 due to fair valuation. Shares performed well due to accelerating carrier bookings and solid 2025 financial outlook, post-exit from India and focus on developed markets. American Tower trades at a discount to historical and REIT multiples, offering high single-digit growth and durable, secular growth prospects. Optimistic about long-term growth driven by mobile data usage, 5G/6G deployment, edge computing, and IoT, with potential upside from capital allocation opportunities. Read the full article on Seeking Alpha
Upcoming Dividend • Apr 04Upcoming dividend of US$1.70 per shareEligible shareholders must have bought the stock before 11 April 2025. Payment date: 28 April 2025. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (3.8%).
お知らせ • Apr 03American Tower Corporation, Annual General Meeting, May 14, 2025American Tower Corporation, Annual General Meeting, May 14, 2025.
お知らせ • Apr 02American Tower Corporation to Report Q1, 2025 Results on Apr 29, 2025American Tower Corporation announced that they will report Q1, 2025 results at 7:00 AM, US Eastern Standard Time on Apr 29, 2025
Declared Dividend • Mar 10Fourth quarter dividend increased to US$1.70Dividend of US$1.70 is 4.9% higher than last year. Ex-date: 11th April 2025 Payment date: 28th April 2025 Dividend yield will be 3.1%, which is lower than the industry average of 3.9%.
お知らせ • Mar 07American Tower Corporation Declares Quarterly Distribution, Payable on April 28, 2025American 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 02Senior VP & Chief Accounting Officer recently sold US$1.1m worth of stockOn the 27th of February, Robert Meyer sold around 6k shares on-market at roughly US$202 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 US$7.2m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Feb 27Independent Non-Executive Chairman notifies of intention to sell stockPamela D. Reeve intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of February. If the sale is conducted around the recent share price of US$203, it would amount to US$1.0m. Since March 2024, Pamela D. has owned 18.55k shares directly. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Feb 27Despite The Pullback, American Tower Remains A Decent PlaySummary American Tower Corporation saw a 6.1% stock price increase after reporting strong Q4 2024 results, with revenue and FFO exceeding analysts' expectations. Despite a 10.5% decline since my October 2024 'buy' recommendation, I remain optimistic about American Tower's long-term prospects, especially its data center growth. Management plans $1.7 billion in capital expenditures for 2025, focusing on growth initiatives, including $600 million for data center campuses. While 2025 guidance indicates mixed results, American Tower remains a high-quality, low-risk investment, warranting a soft 'buy' rating. Read the full article on Seeking Alpha
Reported Earnings • Feb 26Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull 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 missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialized REITs industry in the US. 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.
お知らせ • Feb 26American Tower Corporation Provides Earnings Guidance for the Full Year 2025American 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.
Recent Insider Transactions Derivative • Feb 19Executive VP exercised options and sold US$1.6m worth of stockOn the 13th of February, Rodney Smith exercised 17k options at a strike price of around US$94.57 and sold these shares for an average price of US$190 per share. This trade did not impact their existing holding. Since March 2024, Rodney's direct individual holding has increased from 42.76k shares to 43.34k. Company insiders have collectively sold US$21m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Feb 07American Tower Corporation Appoints Rajesh Kalathur as a Director and Member of its Audit CommitteeOn 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.
お知らせ • Jan 23American Tower Corporation to Report Q4, 2024 Results on Feb 25, 2025American Tower Corporation announced that they will report Q4, 2024 results at 7:00 AM, US Eastern Standard Time on Feb 25, 2025
Seeking Alpha • Jan 21American Tower's Imminent Dividend Hike - Double Digits Data Center GrowthSummary American Tower's recent sell-off has been well warranted, with it triggering the improved entry points, richer dividend yields, and double digits upside potential. Much of the outperformance is linked to the growing 5G buildouts along with double digits data center growth for three consecutive years, with 2025 bringing forth increased capacity. Given the last tranche of TMUS churn and recent exit from India markets, we believe that AMT is likely to report robust sequential growth moving forward. If anything, the management has reiterated their upcoming dividend hike in 2025, in line with the mid-single digits projected AFFO per share growth. With another beat performance likely in the upcoming FQ4'24 earnings call, sentiments surrounding AMT may have bottomed at $170s, with 2025 bringing forth brighter prospects. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Jan 19Executive VP exercised options and sold US$1.4m worth of stockOn the 16th of January, Rodney Smith exercised 17k options at a strike price of around US$94.57 and sold these shares for an average price of US$181 per share. This trade did not impact their existing holding. Since March 2024, Rodney's direct individual holding has increased from 42.76k shares to 43.22k. Company insiders have collectively sold US$19m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Jan 07American Tower Corporation Announces Executive Changes, Effective January 13, 2025American 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.
Upcoming Dividend • Dec 23Upcoming dividend of US$1.62 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 03 February 2025. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (3.9%).
Seeking Alpha • Dec 19American Tower: Buy The Drop While The Market Is FearfulSummary American Tower's recent price decline presents a compelling opportunity for income-focused investors, offering a 3.5% dividend yield and potential for market-beating total returns. AMT's robust global portfolio, including 224K communication sites and data centers, provides steady tenant billings growth and expanding opportunities in Europe. Strong financials, a solid balance sheet, and a prudent capital deployment strategy in developed markets underscore AMT's resilience and long-term growth potential. Read the full article on Seeking Alpha
Declared Dividend • Dec 09Third quarter dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 27th December 2024 Payment date: 3rd February 2025 Dividend yield will be 3.1%, which is lower than the industry average of 3.9%.
Seeking Alpha • Nov 18American Tower: An Undervalued Dividend Stock Benefiting From Durable Competitive AdvantagesSummary American Tower, a real estate investment trust that owns, operates, and develops broadcast communications infrastructure worldwide, is now a $94 billion (by market cap) real estate titan. AMT increased its dividend for 14 consecutive years, with a 10-year dividend growth rate of 19.1%. American Tower advanced its revenue from $4.1 billion in FY 2014 to $11.1 billion in FY 2023, a compound annual growth rate of 11.7%. American Tower’s acquisition of CoreSite Realty Corporation was prescient, preparing the business for growing cloud demand and edge computing. Read the full article on Seeking Alpha
Major Estimate Revision • Nov 05Consensus EPS estimates fall by 38%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$10.9b to US$10.7b. EPS estimate also fell from US$6.93 per share to US$4.27 per share. Net income forecast to grow 45% next year vs 0.9% growth forecast for Specialized REITs industry in the US. Consensus price target broadly unchanged at US$241. Share price fell 4.5% to US$212 over the past week.
Reported Earnings • Oct 30Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird 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 missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Specialized REITs industry in the US. 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.
Seeking Alpha • Oct 21American Tower's Multiyear Underperformance Will ContinueSummary American Tower remains overvalued, underperforming the S&P 500 by 40% since our last recommendation against investing in the company. The company's substantial debt, lofty valuation, and moderate growth prospects limit its potential for future shareholder returns. Rising competition in the datacenter sector and a high payout ratio could hinder American Tower's long-term dividend growth. Despite stable cash flow, American Tower's high debt load and lower dividend yield suggest continued market underperformance. Read the full article on Seeking Alpha
お知らせ • Oct 02American Tower Corporation to Report Q3, 2024 Results on Oct 29, 2024American Tower Corporation announced that they will report Q3, 2024 results at 7:00 AM, US Eastern Standard Time on Oct 29, 2024
Upcoming Dividend • Oct 02Upcoming dividend of US$1.62 per shareEligible shareholders must have bought the stock before 09 October 2024. Payment date: 25 October 2024. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.5%).
Seeking Alpha • Sep 19American Tower: 5G Reacceleration, But Volatility Comes First (Rating Upgrade)Summary American Tower's (AMT) stock price appreciated by nearly 24% since February, driven by improved financial performance and a more dovish-looking Fed. The India exit, involving a $2.5 billion asset sale, impacts AMT's global ranking and revenue but aids in deleveraging and improving FFO per share. Despite challenges in 5G investment globally, AMT expects U.S. market growth and has seen increased application activity, beating Q1 and Q2 expectations. Also, CoreSite acquisition positions AMT in AI, as it moves towards the edge. This remains a rate-sensitive stock, but it deserves better given it is improving the quality of earnings by exiting emerging markets and controlling leverage. Read the full article on Seeking Alpha
Recent Insider Transactions • Sep 18Insider recently sold US$1.2m worth of stockOn the 13th of September, Sanjay Goel sold around 5k shares on-market at roughly US$238 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 US$2.3m. Insiders have been net sellers, collectively disposing of US$6.0m more than they bought in the last 12 months.
Declared Dividend • Sep 16Second quarter dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 9th October 2024 Payment date: 25th October 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.9%.
お知らせ • Sep 12Data 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.
お知らせ • Sep 10Waveconn 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 Derivative • Sep 05Insider notifies of intention to sell stockOlivier Puech intends to sell 19k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of September. If the sale is conducted around the recent share price of US$230, it would amount to US$4.4m. Since March 2024, Olivier's direct individual holding has decreased from 38.98k shares to 19.11k. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Aug 30Insider recently sold US$2.3m worth of stockOn the 26th of August, Olivier Puech sold around 10k shares on-market at roughly US$226 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 US$4.8m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Aug 28Insider notifies of intention to sell stockOlivier Puech intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of August. If the sale is conducted around the recent share price of US$228, it would amount to US$2.3m. Since March 2024, Olivier's direct individual holding has decreased from 38.98k shares to 29.09k. Company insiders have collectively sold US$9.8m more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Aug 17Say 'Night Night' With American TowerSummary It pays to select 'first round draft picks' for one's portfolio to help achieve your long-term financial goals. American Tower appears to be on such top pick for stable income and solid total returns from high quality assets. AMT's strong fundamentals, diverse portfolio, and strategic focus on high-demand sectors make it a solid investment opportunity. Read the full article on Seeking Alpha
Seeking Alpha • Aug 09American Tower: The Perfect Exposure For Lower Interest RatesSummary American Tower offers great exposure to likely lower interest rates. The company can unleash significant income from lower interest expenses and operating leverage. The management is doing enough to reduce net leverage. Read the full article on Seeking Alpha
New Risk • Aug 08New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$2.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (US$2.3m sold).
Recent Insider Transactions • Aug 08Insider recently sold US$1.1m worth of stockOn the 2nd of August, Sanjay Goel sold around 5k shares on-market at roughly US$235 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 US$2.6m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Aug 04President notifies of intention to sell stockSteven Vondran intends to sell 22k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of August. If the sale is conducted around the recent share price of US$230, it would amount to US$5.0m. For the year to December 2019, Steven's total compensation was 9% salary and 91% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Steven has owned 34.36k shares directly. Company insiders have collectively sold US$6.2m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Aug 01Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond 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 exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Specialized REITs industry in the US. 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 8% per year, which means it has not declined as severely as earnings.
Seeking Alpha • Jul 09American Tower: An Undervalued 'Blackstone-Style' REITSummary Blackstone faces challenges in a post-low interest rate environment, diversifying into riskier real estate sectors for higher returns. American Tower Corporation has outperformed the market significantly, focusing on global 5G infrastructure expansion for future growth. AMT's international footprint and investment in data centers position it well for continued growth in the evolving real estate market. Read the full article on Seeking Alpha
お知らせ • Jul 03+ 1 more updateAmerican Tower Corporation(NYSE:AMT) dropped from Russell 1000 Growth-Defensive IndexAmerican Tower Corporation(NYSE:AMT) dropped from Russell 1000 Growth-Defensive Index
お知らせ • Jun 28American Tower Corporation to Report Q2, 2024 Results on Jul 30, 2024American Tower Corporation announced that they will report Q2, 2024 results at 7:00 AM, US Eastern Standard Time on Jul 30, 2024
Seeking Alpha • Jun 06American Tower Isn't Dead As The Tide Is Potentially TurningSummary American Tower stock has demonstrated remarkable resilience recently. The leading communications REIT could return to growth as interest rates have likely peaked. AMT's upgraded guidance has improved buying sentiments, suggesting the worst is likely over. A buying opportunity remains attractive, with AMT still valued below its long-term average. I argue why AMT investors shouldn't miss adding exposure as the tide is potentially turning. Read the full article on Seeking Alpha
Declared Dividend • May 27First quarter dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 14th June 2024 Payment date: 12th July 2024 Dividend yield will be 3.5%, which is lower than the industry average of 3.9%.
お知らせ • May 03American Tower Corporation Provides Earnings Guidance for the Year 2024American 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 01First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst 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 exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Specialized REITs industry in the US. 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 11% per year, which means it has not declined as severely as earnings.
Seeking Alpha • May 01American Tower: Tower-Ing ReturnsSummary Tower REITs benefit from population growth, new technologies, and data proliferation, driving demand for more towers and increasing cash flow growth potential. The industry has faced recent challenges due to weaker leasing activity in the US, churn from Sprint, and higher rates. Depressed by technical selling after a small change in dividend policy, AMT's current valuation presents an attractive entry point based on our SOTP valuation, which implies ~25% upside. Read the full article on Seeking Alpha
Seeking Alpha • Apr 21American Tower: Buy-And-Hold Investors Should Be Euphoric About This BargainSummary American Tower trades well below their 5-year P/AFFO average of roughly 25x, presenting a great buying opportunity for long-term investors. The company has shown solid growth in a challenging economic environment and managed to grow its top & bottom lines YoY despite a miss in Q4. The stock is currently trading at a discount compared to its historical average and offers potential upside for long-term investors. The REIT managed to improve its balance sheet and increase its liquidity during the fiscal year. With rate cuts likely out of the picture for June, this will likely continue to place downward pressure on American Tower's share price in the near term. Read the full article on Seeking Alpha
お知らせ • Apr 05American Tower Corporation to Report Q1, 2024 Results on Apr 30, 2024American Tower Corporation announced that they will report Q1, 2024 results at 7:00 AM, US Eastern Standard Time on Apr 30, 2024
Upcoming Dividend • Apr 04Upcoming dividend of US$1.62 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 26 April 2024. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (4.0%).
Seeking Alpha • Mar 25American Tower: Don't Be Fooled By The Dividend CutSummary American Tower recently cut its dividend, but it's not a cause for concern as the company remains in a strong position for growth. The company has a resilient infrastructure with a large portfolio of towers and data centers, providing stable revenue streams. Analysts predict accelerating growth for American Tower after 2024, backed by favorable secular growth trends like IoT. Read the full article on Seeking Alpha
Declared Dividend • Mar 18Fourth quarter dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 11th April 2024 Payment date: 26th April 2024 Dividend yield will be 3.3%, which is lower than the industry average of 3.9%.
お知らせ • Mar 15+ 1 more updateAmerican Tower Corporation Declares Quarterly Cash Distribution, Payable on April 26, 2024On March 14, 2024, the Board of American Tower Corporation declared a quarterly cash distribution of $1.62 per share on shares of the Company’s common stock. The distribution is payable on April 26, 2024 to the stockholders of record at the close of business on April 12, 2024. As communicated on the Company’s fourth quarter 2023 earnings conference call, the distribution of $1.62 per share represents a step down compared to the fourth quarter 2023 dividend of $1.70 per share and the Company expects to maintain an annual dividend payout in 2024 that is relatively flat compared to that of 2023, subject to Board approval. Additionally, the Company anticipates paying out its annual dividend through a flat quarterly dividend per share cadence in 2024, also subject to Board approval.
Major Estimate Revision • Mar 05Consensus EPS estimates increase by 52%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$4.77 to US$7.25. Revenue forecast steady at US$11.2b. Net income forecast to grow 125% next year vs 3.3% decline forecast for Specialized REITs industry in the US. Consensus price target broadly unchanged at US$227. Share price rose 10% to US$206 over the past week.
Recent Insider Transactions Derivative • Mar 04Executive VP notifies of intention to sell stockRodney Smith intends to sell 12k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of March. If the sale is conducted around the recent share price of US$198, it would amount to US$2.3m. Since March 2023, Rodney's direct individual holding has decreased from 34.40k shares to 27.65k. Company insiders have collectively sold US$1.8m more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Mar 02Growth Or Dividends? Get Both With American TowerSummary Growth stocks are popular, but it's important to stay level-headed and focus on growth at a reasonable price. It's all the better if the stock pays you for owning it. American Tower is a REIT that offers both growth and meaningful income, with a strong dividend growth track record. Despite headwinds from higher interest rates, AMT is expected to benefit from data center and international expansion, and improved balance sheet flexibility. Read the full article on Seeking Alpha
