Live nieuws • 9h
American Tower Ends DISH Agreement and Pursues Litigation While Eyeing Data Center Growth American Tower terminated its Strategic Collocation Agreement with DISH Wireless, effective June 2, 2026, and is pursuing related litigation. The company stated that the impact has already been reflected in its financial outlook and that it does not expect any effect on its 2026 results.
The end of this DISH arrangement affects a visible tenant relationship and future revenue potential. It comes as American Tower points to long-term demand for 5G infrastructure and data centers, supported by long-term leases and a focus on carrier densification.
American Tower shares trade at about $179.38, with the stock up 7.2% over the past 90 days, reflecting recent gains despite the change in its DISH Wireless agreement.
The key issue to watch is how the loss of a defined DISH contract and the ongoing litigation compare with American Tower’s broader tenant base and its investment in data center growth. Upcoming Dividend • Jun 08
Upcoming dividend of US$1.79 per share Eligible 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%). Live nieuws • Jun 06
American Tower Reports Growth and Dividend Increase While Ending DISH Agreement and Pursuing Litigation American 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 25
First quarter dividend of US$1.79 announced Shareholders will receive a dividend of US$1.79. Ex-date: 12th June 2026 Payment date: 13th July 2026 Dividend yield will be 3.8%, which is about the same as the industry average. Aankondiging • May 23
American Tower Corporation announces Quarterly dividend, payable on July 13, 2026 American Tower Corporation announced Quarterly dividend of USD 1.7900 per share payable on July 13, 2026, ex-date on June 12, 2026 and record date on June 12, 2026. Aankondiging • Apr 30
American Tower Corporation Raises Earnings Guidance for the Year 2026 American Tower Corporation raised earnings guidance for the year 2026. For the year, the company expects total property revenue of $10,585 million to $10,735 million, Net income of $3,015 million to $3,095 million and Net income attributable to AMT common stockholders of $2,965 million to $3,045 million. As result of the estimated positive foreign currency exchange rate fluctuations and accelerating straight-line revenue in Latin America, the company is raising the midpoints of its full year 2026 outlook for property revenue. The Company is increasing the midpoint for net income and net income attributable to AMT common stockholders by $70 million and $85 million, respectively, primarily due to unrealized foreign currency gains. Reported Earnings • Apr 28
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: FFO per share: US$2.7 (up from US$1.75 in 1Q 2025). Revenue: US$2.74b (up 6.8% from 1Q 2025). Funds from operations (FFO): US$1.28b (up 57% from 1Q 2025). FFO margin: 47% (up from 32% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Revenue 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. Aankondiging • Apr 09
American Tower Corporation, Annual General Meeting, May 20, 2026 American Tower Corporation, Annual General Meeting, May 20, 2026. Upcoming Dividend • Apr 07
Upcoming dividend of US$1.79 per share Eligible shareholders must have bought the stock before 14 April 2026. Payment date: 28 April 2026. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.3%). In line with average of industry peers (3.9%). Aankondiging • Apr 01
American Tower Corporation to Report Q1, 2026 Results on Apr 28, 2026 American Tower Corporation announced that they will report Q1, 2026 results at 7:00 AM, US Eastern Standard Time on Apr 28, 2026 Aankondiging • Mar 11
American Tower Corporation Announces Robert D. Hormats Will Not Stand for Re-Election as Director, Member of the Nominating & Corporate Governance Committee American Tower Corporation announced that on March 6, 2026, Robert D. Hormats notified the Corporate Secretary of his decision to not stand for re-election as a director at the Company's 2026 Annual Meeting of Stockholders. Mr. Hormats is currently a member of the Nominating & Corporate Governance Committee of the Board of Directors of the Company and will continue his service on such committee until the Annual Meeting. Declared Dividend • Mar 09
Fourth quarter dividend increased to US$1.79 Dividend 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 06
President notifies of intention to sell stock Steven 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. Aankondiging • Mar 06
American Tower Corporation Declares Quarterly Cash Distribution, Payable on April 28, 2026 American Tower Corporation announced that its Board of Directors has declared a quarterly cash distribution of $1.79 per share on shares of the Company’s common stock. The distribution is payable on April 28, 2026 to the stockholders of record at the close of business on April 14, 2026. Reported Earnings • Feb 24
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$5.41 (down from US$6.92 in FY 2024). Revenue: US$10.6b (up 5.1% from FY 2024). Net income: US$2.53b (down 22% from FY 2024). Profit margin: 24% (down from 32% in FY 2024). The decrease in margin was driven by higher expenses. Revenue 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. Aankondiging • Feb 24
American Tower Corporation Provides Earnings Guidance for the Year 2026 American Tower Corporation provided earnings guidance for the year 2026. For the year, the company expects total property revenue of $10,440 million to $10,590 million, Net income of $2,945 million to $3,025 million and Net income attributable to AMT common stockholders of $2,980 million to $3,060 million. Recent Insider Transactions Derivative • Feb 22
Executive VP exercised options and sold US$3.3m worth of stock On 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. Aankondiging • Jan 30
American Tower Corporation Appoints Paul Blanchett as Senior Vice President and Chief Accounting Officer, Effective April 27, 2026 American Tower Corporation appointed Paul Blanchett as its Senior Vice President and Chief Accounting Officer (Principal Accounting Officer), effective April 27, 2026. Mr. Blanchett, age 42, has served as Chief Accounting Officer of GXO Logistics Inc. since 2021. Mr. Blanchett previously served as Corporate Controller at XPO Logistics Inc. from 2019 to 2021, and as Global Controller for the Oilfield Services segment at Baker Hughes from 2017 to 2019, where he oversaw substantial financial operations and compliance across multiple countries. Prior to such roles, Mr. Blanchett also served in various leadership roles in controllership at General Electric and earlier auditing roles at PricewaterhouseCoopers. Mr. Blanchett holds a Bachelor of Business Administration in Accountancy from Western Michigan University's Haworth College of Business. As previously disclosed, the Company's current Senior Vice President and Chief Accounting Officer, Robert J. Meyer, will remain with the Company in his current role until the Start Date, after which he will assist with the transition until his retirement from the Company, which will occur prior to the end of 2026. Aankondiging • Jan 28
American Tower Corporation to Report Q4, 2025 Results on Feb 24, 2026 American Tower Corporation announced that they will report Q4, 2025 results at 7:00 AM, US Eastern Standard Time on Feb 24, 2026 Upcoming Dividend • Dec 22
Upcoming dividend of US$1.70 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 02 February 2026. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (4.3%). Declared Dividend • Dec 08
Third quarter dividend of US$1.70 announced Shareholders will receive a dividend of US$1.70. Ex-date: 29th December 2025 Payment date: 2nd February 2026 Dividend yield will be 3.8%, which is about the same as the industry average. Aankondiging • Dec 05
American Tower Corporation Declares Quarterly Distribution, Payable on February 2, 2026 American Tower Corporation announced that its Board of Directors has declared a quarterly cash distribution of $1.70 per share on shares of the Company’s common stock. The distribution is payable on February 2, 2026 to the stockholders of record at the close of business on December 29, 2025. Aankondiging • Nov 08
American Tower Corporation Announce Retirement of Robert J. Meyer as Senior Vice President and Chief Accounting Officer On November 5, 2025, American Tower Corporation announced that Robert J. Meyer communicated his intention to retire from his role as Senior Vice President and Chief Accounting Officer of the company. The Company is undertaking a search process to replace Mr. Meyer, who has agreed to remain with the Company in his current role until his successor is appointed, after which he will assist with the transition until his retirement from the Company, which will occur prior to the end of 2026. Reported Earnings • Oct 29
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$1.82 (up from US$0.89 in 3Q 2024). Revenue: US$2.72b (up 7.7% from 3Q 2024). Net income: US$853.3m (up 105% from 3Q 2024). Profit margin: 31% (up from 17% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue 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. Aankondiging • Oct 28
American Tower Corporation Raises Earnings Guidance for the Year 2025 American Tower Corporation raised earnings guidance for the year 2025. For the year, the company expects total property revenue of $10,210 million to $10,290 million, Net income of $2,458 million to $2,513 million and Net income attributable to AMT common stockholders of $2,363 million to $2,418 million. The Company is raising the midpoints of its full year 2025 outlook for property revenue. The Company is increasing the midpoint for net income and net income attributable to AMT common stockholders by $95 million and $40 million, respectively, primarily due to unrealized foreign currency gains. The increase, driven by unrealized foreign currency gains, to net income attributable to AMT common stockholders is partially offset by increased minority interests as a result of a recent tax law change in Europe. Aankondiging • Oct 01
American Tower Corporation to Report Q3, 2025 Results on Oct 28, 2025 American Tower Corporation announced that they will report Q3, 2025 results at 7:00 AM, US Eastern Standard Time on Oct 28, 2025 Declared Dividend • Sep 22
Second quarter dividend of US$1.70 announced Shareholders will receive a dividend of US$1.70. Ex-date: 30th September 2025 Payment date: 20th October 2025 Dividend yield will be 3.5%, which is lower than the industry average of 3.9%. Aankondiging • Aug 26
American Tower Corporation Elects Gene Reilly as Board Director American Tower Corporation announced that its Board of Directors has elected Gene Reilly as a director. Mr. Reilly most recently served as the Vice Chairman of Prologis Inc., and served as an advisor through April 2024. Mr. Reilly joined Prologis (then AMB Property Corporation) in 2003 and held several roles, including serving as Chief Investment Officer from 2019 to 2023 and Chief Executive of the Americas from 2011 to 2019, where he oversaw all aspects of the company’s operations across the United States, Canada and Latin America. Mr. Reilly has 40 years of experience in real property investment, management and operations, including previously serving as Chief Investment Officer of Cabot Properties Inc., a private equity industrial real estate firm, where he was a founding partner and served on its investment committee and board of directors. Mr. Reilly previously served as a member of the technical committee of FIBRA Prologis and as a member of the board of directors and executive committee of the National Association of Industrial and Office Properties (NAIOP). Major Estimate Revision • Aug 05
Consensus EPS estimates fall by 13%, revenue upgraded The 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. Aankondiging • Jul 29
American Tower Corporation Provides Earnings Guidance for the Year 2025 American Tower Corporation provided earnings guidance for the year 2025. For the year, the company expects total property revenue of $10,135 million to $10,285 million, Net income of $2,340 million to $2,440 million and Net income attributable to AMT common stockholders of $2,300 million to $2,400 million. Aankondiging • Jul 08
American Tower Corporation to Report Q2, 2025 Results on Jul 29, 2025 American Tower Corporation announced that they will report Q2, 2025 results at 7:00 AM, US Eastern Standard Time on Jul 29, 2025 Upcoming Dividend • Jun 06
Upcoming dividend of US$1.70 per share Eligible 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 19
First quarter dividend of US$1.70 announced Shareholders will receive a dividend of US$1.70. Ex-date: 13th June 2025 Payment date: 11th July 2025 Dividend yield will be 3.1%, which is lower than the industry average of 3.9%. Aankondiging • May 16
American Tower Corporation Declares Quarterly Distribution, Payable on July 11, 2025 American Tower Corporation announced that its Board of Directors has declared a quarterly cash distribution of $1.70 per share on shares of the Company’s common stock. The distribution is payable on July 11, 2025 to the stockholders of record at the close of business on June 13, 2025. Aankondiging • Apr 30
CoreSite Launches Data Center Knowledge Base to Educate on Critical Infrastructure CoreSite launched the Data Center Knowledge Base. Through informative videos, infographics, articles and more, this digital content hub highlights the pivotal role data centers play in transmitting, processing and storing vast amounts of data across both wireless and wireline networks - acting as the invisible engine that helps keep the modern world running smoothly. The Data Center Knowledge Base offers: General Data Center Operations: Information on what data centers are, the different types of data centers, how they work and how they enable daily life. Tech Innovation: Overview of the advanced technology deployed at data centers--home of the cloud and AI applications--and how data centers are fueling advancements and driving innovation. Economic Impact: Details on how the data center industry stimulates economic growth, creates jobs and helps provide stability. Energy Efficiency: Information on how data centers can help companies optimize energy usage and the energy demand of different types of data centers. Community Support: Highlights how data centers, and the people who run the facilities, help connect their local communities while making education, mentorship and activism contributions. Reported Earnings • Apr 29
First quarter 2025 earnings: EPS misses analyst expectations First 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. Aankondiging • Apr 29
American Tower Corporation Provides Earnings Guidance for the Year 2025 American Tower Corporation provided earnings guidance for the year 2025. For the year, the company expects total property revenue to be in the range of $9,970 million to $10,120 million and net income to be in the range of $2,740 million to $2,840 million. Upcoming Dividend • Apr 04
Upcoming dividend of US$1.70 per share Eligible 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%). Aankondiging • Apr 03
American Tower Corporation, Annual General Meeting, May 14, 2025 American Tower Corporation, Annual General Meeting, May 14, 2025. Aankondiging • Apr 02
American Tower Corporation to Report Q1, 2025 Results on Apr 29, 2025 American Tower Corporation announced that they will report Q1, 2025 results at 7:00 AM, US Eastern Standard Time on Apr 29, 2025 Declared Dividend • Mar 10
Fourth quarter dividend increased to US$1.70 Dividend 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%. Aankondiging • Mar 07
American Tower Corporation Declares Quarterly Distribution, Payable on April 28, 2025 American Tower Corporation announced that its Board of Directors has declared a quarterly cash distribution of $1.70 per share on shares of the Company’s common stock. The distribution is payable on April 28, 2025 to the stockholders of record at the close of business on April 11, 2025. Recent Insider Transactions • Mar 02
Senior VP & Chief Accounting Officer recently sold US$1.1m worth of stock On 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 27
Independent Non-Executive Chairman notifies of intention to sell stock Pamela 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. Reported Earnings • Feb 26
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: US$6.92 (up from US$3.18 in FY 2023). Revenue: US$10.1b (down 9.1% from FY 2023). Net income: US$3.23b (up 118% from FY 2023). Profit margin: 32% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. Revenue 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. Aankondiging • Feb 26
American Tower Corporation Provides Earnings Guidance for the Full Year 2025 American Tower Corporation provided earnings guidance for the full year 2025. For the year, the company expected total property revenue to be in the range of $9,920 million to $10,070 million. Net income to be in the range of $2,930 million to $3,020 million. Net income attributable to AMT common stockholders to be in the range of $2,960 million to $3,050 million. Recent Insider Transactions Derivative • Feb 19
Executive VP exercised options and sold US$1.6m worth of stock On 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. Aankondiging • Feb 07
American Tower Corporation Appoints Rajesh Kalathur as a Director and Member of its Audit Committee On February 5, 2025, the Board of Directors of American Tower Corporation elected Rajesh Kalathur as a director and member of its Audit Committee, effective immediately. In accordance with the Company’s Amended and Restated By-Laws, Mr. Kalathur will serve as a director until the Company’s 2025 Annual Meeting of Stockholders and until his successor is duly elected and qualified. Mr. Kalathur is President of John Deere Financial, a leading financial services provider for dealers and customers of John Deere equipment, and Chief Information Officer of Deere & Company, a global leader in the production of agricultural, construction, and forestry equipment and solutions. As CIO, Mr. Kalathur oversees Deere & Company’s information technology function, and recently led the implementation of the IT agile operating model and digital transformation leveraging AI and automation technologies. Mr. Kalathur has more than 27 years of experience across finance, information technology, operations, and sales and marketing functions, including previously serving as Chief Financial Officer of Deere & Company. Aankondiging • Jan 23
American Tower Corporation to Report Q4, 2024 Results on Feb 25, 2025 American Tower Corporation announced that they will report Q4, 2024 results at 7:00 AM, US Eastern Standard Time on Feb 25, 2025 Recent Insider Transactions Derivative • Jan 19
Executive VP exercised options and sold US$1.4m worth of stock On 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. Aankondiging • Jan 07
American Tower Corporation Announces Executive Changes, Effective January 13, 2025 American Tower Corporation announced that Eugene (“Bud”) Noel, currently Executive Vice President and President of the U. S. Tower Division, will become Executive Vice President and Chief Operating Officer, a newly created global position, effective January 13, 2025. This role will oversee American Tower’s global operations and IT, further effectuating the Company’s strategic priorities to drive operational efficiency and provide best-in-class service to its global customer base. Mr. Noel joined the Company in 2011 as Senior Vice President, U.S. Tower Operations, and prior to being appointed the Executive Vice President and President of the U.S. Tower Division in 2023, held the role of Chief Operating Officer, U.S. Tower. He brings over 25 years of experience in wireless real estate development and operations, including leadership positions held at Sprint Nextel and LightSquared. During his tenure in operations, Mr. Noel drove operational excellence across the Company’s U.S. business through efficiency, asset quality, technology, and customer service. Richard (“Rich”) Rossi, currently Senior Vice President and General Counsel of U.S. Tower, a position he has held since 2018, will succeed Mr. Noel as Executive Vice President and President, U.S. Tower, also effective January 13, 2025. Mr. Rossi joined American Tower in 2001, and has since held leadership positions spanning functions across sales, marketing, finance, real estate and operations, and has been integral to the development and implementation of strategic customer agreements. Upcoming Dividend • Dec 23
Upcoming dividend of US$1.62 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 03 February 2025. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (3.9%). Declared Dividend • Dec 09
Third quarter dividend of US$1.62 announced Shareholders will receive a dividend of US$1.62. Ex-date: 27th December 2024 Payment date: 3rd February 2025 Dividend yield will be 3.1%, which is lower than the industry average of 3.9%. Major Estimate Revision • Nov 05
Consensus 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 30
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: US$0.89 (down from US$1.26 in 3Q 2023). Revenue: US$2.52b (down 11% from 3Q 2023). Net income: US$416.2m (down 29% from 3Q 2023). Profit margin: 17% (down from 21% in 3Q 2023). Revenue 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. Aankondiging • Oct 02
American Tower Corporation to Report Q3, 2024 Results on Oct 29, 2024 American Tower Corporation announced that they will report Q3, 2024 results at 7:00 AM, US Eastern Standard Time on Oct 29, 2024 Upcoming Dividend • Oct 02
Upcoming dividend of US$1.62 per share Eligible shareholders must have bought the stock before 09 October 2024. Payment date: 25 October 2024. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.5%). Recent Insider Transactions • Sep 18
Insider recently sold US$1.2m worth of stock On 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 16
Second quarter dividend of US$1.62 announced Shareholders will receive a dividend of US$1.62. Ex-date: 9th October 2024 Payment date: 25th October 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.9%. Aankondiging • Sep 12
Data Infrastructure Trust, managed by Brookfield Asset Management Ltd. Completed the acquisition of ATC Telecom Infrastructure Private Limited (ATC TIPL) from American Tower Corporation (NYSE:AMT). Data Infrastructure Trust, managed by Brookfield Asset Management Ltd. signed a definitive agreement to acquire ATC Telecom Infrastructure Private Limited (ATC TIPL) from American Tower Corporation (NYSE:AMT) for INR 210 billion on January 4, 2024. The total aggregate consideration of up to INR 210 billion, includes the value of the VIL OCDs, payments on certain existing customer receivables, the repayment of existing intercompany debt and the repayment, or assumption, of American Tower Corporation existing term loan in India, by Data Infrastructure Trust. The total cash proceeds to American Tower at closing, are subject to certain pre-closing terms. Under the terms, consideration being paid, subject to certain pre-closing terms, total aggregate consideration would potentially represent up to approximately INR 210 billion (approximately $2.5 billion), including the value of the VIL OCDs, payments on certain existing customer receivables, the repayment of existing intercompany debt and the repayment, or assumption, of the Company’s existing term loan in India, by DIT.
The transaction is subject to customary closing conditions, including government and regulatory approvals and is expected to close in the second half of 2024. As of August 7, 2024, S&R Associates Secures Competition Commission of India Approval for Data Infrastructure Trust’s acquisition Of ATC Telecom Infrastructure.
Citi is serving as lead financial advisor and CDX Advisors is serving as financial advisor to American Tower. Gautam Saha, Swati Chauhan & Harshit Chandra and Sonam Mathur of Talwar Thakore & Associates (TT&A) is serving as principal legal advisor to American Tower. Rajat Sethi, Sudip Mahapatra, Raya Hazarika, Pratichi Mishra, Sumit Bansal, Simran Dhir, and Akshat Kulshrestha of S&R Associates advised Brookfield. PricewaterhouseCoopers LLP, Canada acted as tax advisor to Brookfield Asset Management Ltd. on the transaction.
Data Infrastructure Trust, managed by Brookfield Asset Management Ltd. Completed the acquisition of ATC Telecom Infrastructure Private Limited (ATC TIPL) from American Tower Corporation (NYSE:AMT) on September 12, 2024. Aankondiging • Sep 10
Waveconn entered into a definitive agreement to acquire AT Australia Pty Ltd and AT Australia Operations Pty Ltd from American Tower Corporation (NYSE:AMT). Waveconn entered into a definitive agreement to acquire AT Australia Pty Ltd and AT Australia Operations Pty Ltd from American Tower Corporation (NYSE:AMT) on September 9, 2024. The transaction is subject to customary conditions precedent including?Foreign Investment Review Board approval and subject to the satisfaction of those conditions. The expected completion of the transaction is fourth quarter of 2024. Kain Corporate and Commercial Lawyers acted as legal advisor for Waveconn. PRICEWATERHOUSECOOPERS AUSTRALIA SERVICES PTY LTD acted as accountant for Waveconn. Recent Insider Transactions Derivative • Sep 05
Insider notifies of intention to sell stock Olivier 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 30
Insider recently sold US$2.3m worth of stock On 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 28
Insider notifies of intention to sell stock Olivier 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. New Risk • Aug 08
New minor risk - Insider selling There 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 08
Insider recently sold US$1.1m worth of stock On 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 04
President notifies of intention to sell stock Steven 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 01
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: FFO per share: US$2.9 (up from US$2.43 in 2Q 2023). Revenue: US$2.90b (up 4.6% from 2Q 2023). Funds from operations (FFO): US$1.35b (up 19% from 2Q 2023). FFO margin: 47% (up from 41% in 2Q 2023). Revenue 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. Aankondiging • Jun 28
American Tower Corporation to Report Q2, 2024 Results on Jul 30, 2024 American Tower Corporation announced that they will report Q2, 2024 results at 7:00 AM, US Eastern Standard Time on Jul 30, 2024 Declared Dividend • May 27
First quarter dividend of US$1.62 announced Shareholders will receive a dividend of US$1.62. Ex-date: 14th June 2024 Payment date: 12th July 2024 Dividend yield will be 3.5%, which is lower than the industry average of 3.9%. Aankondiging • May 03
American Tower Corporation Provides Earnings Guidance for the Year 2024 American Tower Corporation provided earnings guidance for the year 2024. For the year, the company expects total property revenue to be in the range of $11,080 million to $11,260 million and net income to be in the range of $3,080 million to $3,170 million. Reported Earnings • May 01
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: FFO per share: US$2.9 (up from US$2.33 in 1Q 2023). Revenue: US$2.83b (up 2.4% from 1Q 2023). Funds from operations (FFO): US$1.34b (up 24% from 1Q 2023). FFO margin: 47% (up from 39% in 1Q 2023). Revenue 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. Aankondiging • Apr 05
American Tower Corporation to Report Q1, 2024 Results on Apr 30, 2024 American Tower Corporation announced that they will report Q1, 2024 results at 7:00 AM, US Eastern Standard Time on Apr 30, 2024 Upcoming Dividend • Apr 04
Upcoming dividend of US$1.62 per share Eligible 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%). Declared Dividend • Mar 18
Fourth quarter dividend of US$1.62 announced Shareholders will receive a dividend of US$1.62. Ex-date: 11th April 2024 Payment date: 26th April 2024 Dividend yield will be 3.3%, which is lower than the industry average of 3.9%. Major Estimate Revision • Mar 05
Consensus 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 04
Executive VP notifies of intention to sell stock Rodney 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. 
