American Tower Corporation (NYSE: AMT)
REIT - Specialty · Boston, MA, United States · Founded 1995
- Market capitalization: $95.0 billion
- Annual revenue: $10.64 billion
- Net income: $1.69 billion
- Employees: 6,500
- Sector: Real Estate
- Headquarters: Boston, United States
- Founded: 1995
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American Tower is the world's largest owner of wireless communications infrastructure — operating over 225,000 cell towers and small cells across 25 countries on 6 continents. When your phone connects to a cell network anywhere from Boston to Bangalore, there's a good chance it's hitting an American Tower site.
Own towers, lease space to wireless carriers. Each tower can host multiple tenants (T-Mobile, AT&T, Verizon, and others on the same structure), and each additional tenant is nearly pure profit since the tower is already built. Long-term contracts with 3% annual escalators provide predictable, growing revenue.
Spun off from American Radio Systems in 1998, American Tower grew through aggressive tower acquisitions globally. The $4.8 billion acquisition of CoreSite (data centers) in 2021 diversified beyond towers. The company converted to a REIT in 2012. International expansion (India, Africa, Latin America) now drives growth.
| Market Capitalization | $95.0B |
| Annual Revenue | $10.64B |
| Net Income | $1.69B |
| Profit Margin | 16% |
| Revenue per Employee | $1636923K |
| Stock Exchange | NYSE |
| Ticker Symbol | AMT |
Financial data is approximate and based on most recent annual filings.
American Tower's 225,000+ sites make it the largest independent tower company globally. The average tower hosts 2+ tenants, and adding a tenant costs almost nothing (just a cable and antenna) while generating $20,000-40,000 in annual rent. This 'co-location' economics is one of the best business models in real estate.
American Tower is a toll booth on mobile data growth. Every new phone, every 5G upgrade, every IoT device needs tower infrastructure. The international portfolio (particularly India with 75,000+ towers) provides growth that the mature US market can't. Rising rates pressure the REIT valuation, but the underlying business is exceptional.
What is American Tower Corporation's revenue?
American Tower Corporation generates approximately $10.64 billion in annual revenue.
How many employees does American Tower Corporation have?
American Tower Corporation employs approximately 6,500 people worldwide.
What is American Tower Corporation's market cap?
American Tower Corporation (AMT) has a market capitalization of approximately $95.0 billion on the NYSE.
When was American Tower Corporation founded?
American Tower Corporation was founded in 1995 and is headquartered in Boston, MA, United States.
Who is the CEO of American Tower Corporation?
Steven Vondran is the current CEO of American Tower Corporation.
What is American Tower Corporation's website?
American Tower Corporation's official website is americantower.com.
| CEO | Steven Vondran |
| Sector | Real Estate |
| Industry | REIT - Specialty |
| Founded | 1995 |
| HQ | Boston, MA |
| Country | United States |
| Website | americantower.com |
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