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American Tower Corp Stock Research

AMT

191.15USD+4.14(+2.21%)Market Closed

Market Summary

USD191.15+4.14
Market Closed
2.21%

AMT Alerts

AMT Stock Price

AMT RSI Chart

AMT Valuation

Market Cap

87.2B

Price/Earnings (Trailing)

67.04

Price/Sales (Trailing)

8.06

EV/EBITDA

20.31

Price/Free Cashflow

40.47

AMT Price/Sales (Trailing)

AMT Profitability

EBT Margin

16.06%

Return on Equity

30.45%

Return on Assets

2.53%

Free Cashflow Yield

2.47%

AMT Fundamentals

AMT Revenue

Revenue (TTM)

10.8B

Revenue Y/Y

4.02%

Revenue Q/Q

2.3%

AMT Earnings

Earnings (TTM)

1.3B

Earnings Y/Y

-55.17%

Earnings Q/Q

141.84%

Price Action

52 Week Range

178.17280.43
(Low)(High)

Last 7 days

2.4%

Last 30 days

-4.6%

Last 90 days

-7.6%

Trailing 12 Months

-25.0%

AMT Financial Health

Current Ratio

0.44

Debt/Equity

6.13

Debt/Cashflow

0.11

AMT Investor Care

Shares Dilution (1Y)

2.21%

Diluted EPS (TTM)

2.98

Peers (Alternatives to American Tower)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
87.2B
10.8B
-4.65% -24.97%
67.04
8.06
9.73% -50.48%
70.4B
7.5B
7.12% 11.96%
86.37
9.36
11.12% 65.88%
49.7B
4.3B
-1.18% -10.19%
11.43
11.56
18.80% 113.99%
48.7B
7.0B
-5.37% -37.90%
29.06
6.94
6.37% 52.83%
23.9B
2.7B
-10.65% -33.04%
63.92
8.89
13.00% -14.61%
13.2B
1.7B
-4.07% -25.83%
104.43
7.61
15.49% -81.09%
MID-CAP
7.2B
1.1B
-8.78% -21.04%
18.39
6.56
10.19% 46.60%
4.2B
814.4M
-5.06% -2.82%
463.05
5.2
63.41% 107.43%
2.6B
1.8B
-4.02% -58.75%
-6.97
1.42
9.23% -286.27%
2.0B
857.9M
-7.05% -14.51%
-23.33
2.38
-1.75% -315.36%
SMALL-CAP
2.1B
421.5M
5.92% 21.93%
24.16
5.1
1.34% 437.34%
1.5B
862.4M
1.35% -59.50%
-11.74
1.71
7.01% -127.00%
1.2B
184.6M
5.87% 32.38%
13.03
6.51
2.55% 1950.56%
925.3M
745.2M
0.47% -52.12%
-24.32
1.24
2.17% -183.81%

Financials for American Tower

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue1.0%10,81810,71110,45110,2349,859
  S&GA Expenses-3.1%942972964939923
Costs and Expenses0.7%8,4158,3597,6647,2736,830
EBITDA-14.3%6,2127,2496,8166,404-
EBITDA Margin-16.4%0.58*0.69*0.67*0.65*-
Earnings Before Taxes-20.7%1,3641,7213,0082,9302,852
EBT Margin-44.2%0.16*0.29*0.29*0.29*-
Interest Expenses6.8%1,2141,1371,057989926
Net Income-23.4%1,3001,6972,8942,7772,625
Net Income Margin-43.0%0.16*0.28*0.27*0.27*-
Free Cahsflow20.3%1,8231,5152,8242,953-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-0.6%66,81867,19566,51368,11769,764
  Current Assets-4.8%3,4503,6223,7593,7263,792
    Cash Equivalents-11.1%1,8032,0282,1222,0671,942
  Goodwill0.3%12,99712,95712,68612,97013,307
Liabilities-0.4%54,56754,78654,19457,39160,513
  Current Liabilities-9.4%7,5328,3126,6237,4629,300
  Long Term Debt1.6%34,68634,15635,31437,24038,155
    LT Debt, Current-14.6%3,8564,5143,0153,6045,310
Shareholder's Equity-3.0%5,4075,5726,28210,7269,251
  Retained Earnings-18.8%-2,496-2,101-689-842-1,072
  Additional Paid-In Capital0.2%14,72614,68914,64714,60712,266
Shares Outstanding0.1%466466466466456
Minority Interest0.1%6,8446,8366,0373,7683,888
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations11.0%4,1033,6963,1904,3544,391
  Share Based Compensation5.2%178169160149138
Cashflow From Investing10.0%-2,118-2,355-11,673-12,090-20,766
Cashflow From Financing-53.5%-2,184-1,4237,1818,08216,654
  Dividend Payments3.5%2,7232,6302,5432,4552,367
  Buy Backs-19.00----

Risks for AMT

What is the probability of a big loss on AMT?

54.2%


Probability that American Tower stock will be more than 20% underwater in next one year

13.5%


Probability that American Tower stock will be more than 30% underwater in next one year.

0%


Probability that American Tower stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AMT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if American Tower was unfortunately bought at previous high price.

Drawdowns

Returns for AMT

Cumulative Returns on AMT

11.2%


10-Year Cumulative Returns

10.4%


7-Year Cumulative Returns

8.1%


5-Year Cumulative Returns

-9.3%


3-Year Cumulative Returns

What are the long-term rolling returns for AMT?

FIve years rolling returns for American Tower.

Annualized Returns

Which funds bought or sold AMT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-06-01
Golden State Equity Partners
new
-
370,468
370,468
0.20%
2023-06-01
PRELUDE CAPITAL MANAGEMENT, LLC
added
358
3,304,650
4,270,090
0.26%
2023-06-01
MACQUARIE GROUP LTD
reduced
-1.98
-5,648,090
113,471,000
0.14%
2023-05-31
Coastline Trust Co
reduced
-0.21
-15,195
389,881
0.06%
2023-05-30
Aspire Private Capital, LLC
added
1.33
-4,489
186,921
0.06%
2023-05-26
Fortis Group Advisors, LLC
new
-
251,425
251,425
0.08%
2023-05-26
CYPRESS ASSET MANAGEMENT INC/TX
sold off
-100
-219,275
-
-%
2023-05-26
SHEETS SMITH WEALTH MANAGEMENT
unchanged
-
-11,611
315,501
0.05%
2023-05-26
ProShare Advisors LLC
added
15.51
2,804,500
27,376,500
0.08%
2023-05-25
Legato Capital Management LLC
unchanged
-
-133,292
3,621,930
0.66%

1–10 of 47

Latest Funds Activity

Are funds buying AMT calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own AMT
No. of Funds

American Tower News

MarketWatch
American Tower REIT stock outperforms market on strong trading day.
MarketWatch,
2 hours ago
The Motley Fool
Proactive Investors Canada
Nasdaq
StreetAuthority
Seeking Alpha
InvestorPlace

Schedule 13G FIlings of American Tower

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
13.19%
61,431,926
SC 13G/A
Jan 31, 2023
blackrock inc.
7.7%
35,910,225
SC 13G/A
Feb 09, 2022
vanguard group inc
12.99%
59,157,936
SC 13G/A
Feb 01, 2022
blackrock inc.
8.0%
36,636,712
SC 13G/A
Feb 10, 2021
vanguard group inc
12.63%
56,124,669
SC 13G/A
Jan 29, 2021
blackrock inc.
7.7%
34,348,573
SC 13G/A
Feb 11, 2020
vanguard group inc
13.19%
58,454,147
SC 13G/A
Feb 05, 2020
blackrock inc.
7.3%
32,118,657
SC 13G/A
Jan 28, 2020
wellington management group llp
3.94%
17,454,893
SC 13G/A

AMT Fair Value

Show Fair-Value

Recent SEC filings of American Tower

View All Filings
Date Filed Form Type Document
May 25, 2023
8-K
Current Report
May 25, 2023
8-K
Current Report
May 24, 2023
4
Insider Trading
May 23, 2023
424B2
Prospectus Filed
May 23, 2023
CERT
CERT
May 22, 2023
424B5
Prospectus Filed
May 22, 2023
8-K
Current Report
May 22, 2023
FWP
Prospectus Filed
May 16, 2023
8-A12B
8-A12B
May 16, 2023
8-K
Current Report

Latest Insider Trading transactions for AMT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-01
Smith Rodney M
sold (taxes)
-485,184
199
-2,432
evp, cfo & treasurer
2023-05-01
Bartlett Thomas A
sold (taxes)
-1,933,750
199
-9,693
president and ceo
2023-03-11
DiSanto Edmund
sold (taxes)
-179,985
191
-941
-
2023-03-11
Meyer Robert Joseph JR
sold (taxes)
-80,142
191
-419
svp & chief accounting officer
2023-03-11
Vondran Steven O
sold (taxes)
-112,084
191
-586
evp & president, u.s. tower
2023-03-11
Puech Olivier
sold (taxes)
-96,208
191
-503
evp & president, latam & emea
2023-03-11
Dowling Ruth T
sold (taxes)
-37,297
191
-195
evp, chief admin ofr, gc & sec
2023-03-11
Smith Rodney M
sold (taxes)
-100,034
191
-523
evp, cfo & treasurer
2023-03-11
Bartlett Thomas A
sold (taxes)
-189,931
191
-993
president and ceo
2023-03-10
Tanner Bruce L
acquired
-
-
1,072
-

1–10 of 50

Thomas A. Bartlett
6380
American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the “Earnings Materials” and “Investor Presentations” sections of our investor relations website at www.americantower.com.

AMT Income Statement

2023-03-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES:  
Total operating revenues$ 2,767.2$ 2,660.3
Costs of operations (exclusive of items shown separately below):  
Property787.0771.5
Depreciation, amortization and accretion794.1815.8
Selling, general, administrative and development expense263.9293.9
Other operating expenses127.526.1
Total operating expenses1,991.61,935.2
OPERATING INCOME775.6725.1
OTHER INCOME (EXPENSE):  
Interest income30.89.9
Interest expense(340.2)(262.4)
Other (expense) income (including foreign currency (losses) gains of $(84.1) and $242.1, respectively)(97.8)252.6
Total other (expense) income(407.2)0.1
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES368.4725.2
Income tax provision(53.4)(22.5)
NET INCOME315.0702.7
Net loss attributable to noncontrolling interests20.89.0
NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS, BASIC335.8711.7
NET INCOME ATTRIBUTABLE TO AMERICAN TOWER CORPORATION COMMON STOCKHOLDERS, DILUTED$ 335.8$ 711.7
NET INCOME PER COMMON SHARE AMOUNTS:  
Basic net income attributable to American Tower Corporation common stockholders (in dollars per share)$ 0.72$ 1.56
Diluted net income attributable to American Tower Corporation common stockholders (in dollars per share)$ 0.72$ 1.56
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in thousands):  
BASIC (in shares)465,741455,946
DILUTED (in shares)466,810457,211
Property  
REVENUES:  
Total operating revenues$ 2,714.5$ 2,600.8
Services  
REVENUES:  
Total operating revenues52.759.5
Costs of operations (exclusive of items shown separately below):  
Services$ 19.1$ 27.9

AMT Balance Sheet

2023-03-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:  
Cash and cash equivalents$ 1,803.0$ 2,028.4
Restricted cash122.4112.3
Accounts receivable, net705.4758.3
Prepaid and other current assets819.3723.3
Total current assets3,450.13,622.3
PROPERTY AND EQUIPMENT, net19,843.319,998.3
GOODWILL12,997.212,956.7
OTHER INTANGIBLE ASSETS, net17,637.117,983.3
DEFERRED TAX ASSET107.4129.2
DEFERRED RENT ASSET3,160.33,039.1
RIGHT-OF-USE ASSET8,952.48,918.9
NOTES RECEIVABLE AND OTHER NON-CURRENT ASSETS669.9546.7
TOTAL66,817.767,194.5
CURRENT LIABILITIES:  
Accounts payable206.0218.6
Accrued expenses1,171.61,344.2
Distributions payable745.3745.3
Accrued interest208.5261.0
Current portion of operating lease liability790.1788.9
Current portion of long-term obligations3,856.44,514.2
Unearned revenue554.2439.7
Total current liabilities7,532.18,311.9
LONG-TERM OBLIGATIONS34,685.634,156.0
OPERATING LEASE LIABILITY7,576.97,591.9
ASSET RETIREMENT OBLIGATIONS2,093.52,047.4
DEFERRED TAX LIABILITY1,505.61,492.0
OTHER NON-CURRENT LIABILITIES1,173.71,186.8
Total liabilities54,567.454,786.0
COMMITMENTS AND CONTINGENCIES
EQUITY (shares in thousands):  
Common stock: $.01 par value; 1,000,000 shares authorized; 477,042 and 476,623 shares issued; and 466,038 and 465,619 shares outstanding, respectively4.84.8
Additional paid-in capital14,725.614,689.0
Distributions in excess of earnings(2,496.5)(2,101.9)
Accumulated other comprehensive loss(5,526.1)(5,718.3)
Treasury stock (11,004 shares at cost)(1,301.2)(1,301.2)
Total American Tower Corporation equity5,406.65,572.4
Noncontrolling interests6,843.76,836.1
Total equity12,250.312,408.5
TOTAL$ 66,817.7$ 67,194.5