Did Gene Reilly's Appointment and Upbeat Guidance Just Shift American Tower's (AMT) Investment Narrative?

• In August 2025, American Tower Corporation announced the appointment of Gene Reilly, former Vice Chairman of Prologis Inc., to its Board of Directors, adding decades of experience in global real estate investment and operations to its leadership team.
• This move comes as the company continues to build on its recent momentum from exceeding second-quarter revenue expectations and boosting its full-year property revenue outlook amidst growth in 5G and favorable currency movements.
• We'll explore how the addition of Gene Reilly and the increased full-year revenue outlook could influence American Tower's investment narrative.

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American Tower Investment Narrative Recap

To be an American Tower shareholder, you need to believe in the ongoing expansion of 5G infrastructure and the resulting long-term growth in leasing, especially as major carriers pursue upgrades through 2026. While the appointment of Gene Reilly further strengthens the board’s real estate expertise, it does not appear to materially impact the most important short-term catalyst, US carrier 5G deployment, or mitigate the prominent risk of macroeconomic and currency headwinds in emerging markets.

Among recent announcements, American Tower’s increased full-year property revenue outlook, aided by favorable currency movements, stands out. This development directly relates to current performance catalysts and reinforces the importance of global lease growth, though it also accentuates exposure to fluctuations in international markets and ongoing revenue stability.

However, investors should also weigh the fact that, even as guidance is revised upward, American Tower remains exposed to global economic swings and FX pressures that can ...

Read the full narrative on American Tower (it's free!)

American Tower's narrative projects $12.0 billion revenue and $3.7 billion earnings by 2028. This requires 5.2% yearly revenue growth and a $1.2 billion earnings increase from $2.5 billion currently.

Uncover how American Tower's forecasts yield a $249.21 fair value, a 22% upside to its current price.

Exploring Other Perspectives

Six members of the Simply Wall St Community estimate American Tower’s fair value anywhere between US$173 and US$277.55, reflecting a variety of investor expectations. While opinions differ, many keep a close eye on global economic risks that could challenge future revenue stability.

Explore 6 other fair value estimates on American Tower - why the stock might be worth as much as 36% more than the current price!

Build Your Own American Tower Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your American Tower research is our analysis highlighting 5 key rewards and 1 important warning sign that could impact your investment decision.
• Our free American Tower research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate American Tower's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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