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American Tower Corporation  (AMT)
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Price: $195.9100 $-1.43 -0.725%
Day's High: $197.1 Week Perf: -4.05 %
Day's Low: $ 196.24 30 Day Perf: 3.4 %
Volume (M): 40 52 Wk High: $ 219.10
Volume (M$): $ 7,942 52 Wk Avg: $191.60
Open: $195.58 52 Wk Low: $154.58



 Market Capitalization (Millions $) 91,382
 Shares Outstanding (Millions) 466
 Employees 6,378
 Revenues (TTM) (Millions $) 11,144
 Net Income (TTM) (Millions $) 1,367
 Cash Flow (TTM) (Millions $) -47
 Capital Exp. (TTM) (Millions $) 1,798

American Tower Corporation

We are a leading wireless and broadcast communications infrastructure company with a portfolio of over 22,000 communications sites. Our portfolio consists of towers that we own and towers that we operate pursuant to long-term lease arrangements, including approximately 20,000 tower sites in the United States and over 2,800 in Mexico and Brazil. In addition to these tower sites, we also offer access to over 10,000 rooftop and tower sites in the United States that we manage for third parties. We also operate in-building distributed antenna systems in malls and casino/hotel resorts. Our primary business, which we refer to as our rental and management segment, is leasing antenna space on multi-tenant communications sites to wireless service providers and radio and television broadcast companies.

Our communications site portfolio provides us with a recurring base of leasing revenues from our existing customers and growth potential due to the capacity to add more tenants and equipment to these sites. Our broad network of communications sites enables us to address the needs of national, regional, local and emerging wireless service providers. Through our network development services segment, we also offer limited services that directly support our site leasing operations and the addition of new tenants and equipment on our sites. We intend to capitalize on the continuing increase in the use of wireless communications services by actively marketing space available for leasing on our existing sites and selectively developing or acquiring new sites that meet our return on investment criteria.

We believe our strategy of focusing operations on our rental and management segment has made our consolidated operating cash flows more stable, will provide us with continuing growth and will enhance our returns on invested capital because of the following characteristics of our core leasing business:

• Long-term tenant leases with contractual escalators. In general, a lease with a wireless carrier has an initial term of five-to-ten years with multiple five-year renewal terms thereafter, and lease payments typically increase 3% to 5% per year.

• Operating expenses are largely fixed. Incremental operating costs associated with adding wireless tenants to a communications site are minimal. Therefore, as additional tenants are added to a site, the substantial majority of incremental revenue flows through to operating profit.

• Low maintenance capital expenditures. On average, a communications site requires low annual capital investments to maintain.

• High lease renewal rates. Wireless carriers tend to renew leases because suitable alternative sites may not exist or be available and repositioning a site in a carrier’s network is expensive and may adversely affect network quality.

We believe the continuing growth in the number of wireless service subscribers and the minutes of use per subscriber will require wireless carriers to add new cell sites, and new equipment to existing cell sites, to maintain the performance of their networks in the areas they currently cover and to extend service to areas where coverage does not yet exist. As wireless carriers continue to add subscribers and seek to limit churn, we also anticipate they will focus on network quality as a competitive necessity and will invest in upgrades to their networks. In addition, we believe that as wireless data services, such as email, internet access and video, are deployed on a widespread basis, the deployment of these technologies may require wireless carriers to further increase the cell density of their existing networks, may require new technology and equipment, and may increase the demand for geographic expansion of their network coverage. To meet this demand, we believe wireless carriers will continue to outsource their communications site infrastructure needs as a means of accelerating access to their markets and more efficiently deploying their capital, rather than constructing and operating their own communications sites and maintaining their own communications sites service and development capabilities.

Competition and Customer Demand

Rental and Management

Our rental and management segment competes with other national and regional tower companies, such as Crown Castle International Corp. and SBA Communications Corporation, as well as wireless carriers and broadcasters that own and operate their own tower networks and lease tower space to third parties, numerous independent tower owners and the owners of non-communications tower sites, including rooftops, utility towers, water towers and other alternative structures. We believe that site location and capacity, price and quality of service historically have been and will continue to be the most significant competitive factors affecting owners, operators and managers of communications sites.

Customer demand for our rental and management segment is also affected by the emergence and growth of new technologies. Technologies that make it possible for wireless carriers to expand their use of existing infrastructure could reduce customer demand for our communications sites. The increased use of spectrally efficient air-link technologies, such as lower-rate vocoders, which potentially can relieve some network capacity problems, could reduce the demand for tower-based antenna space.

Network Development Services

Our network development services segment competes with a variety of companies offering individual, or combinations of, competing services. The field of competitors includes site acquisition consultants, zoning consultants, real estate firms, right-of-way consulting firms, structural engineering firms, tower owners/managers, telecommunications equipment vendors who can provide turnkey site development services through multiple subcontractors, and our customers’ internal staffs. We believe that our customers base their decisions on network development services on various criteria, including a company’s experience, track record, local reputation, price, and time for completion of a project.



   Company Address: 116 Huntington Avenue Boston 2116 MA
   Company Phone Number: 375-7500   Stock Exchange / Ticker: NYSE AMT
   


Customers Net Income grew by AMT's Customers Net Profit Margin grew to

36.36 %

9.83 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CCI   -5.97%    
• View Complete Report
   



Management Changes

Bringing Telecommunications to New Heights: Neville R. Ray Joins American Tower Corporation's Board, Reinforcing Technological Innovations

Published Thu, Mar 14 2024 8:30 PM UTC

Neville R. Ray Joins American Tower Corporation's Board of Directors, Boosting Technological Advancements in Telecommunications
American Tower Corporation (AMT) made a significant announcement today, revealing that its Board of Directors has elected Neville R. Ray as a director. With an impressive background in the telecommunications industry, Ray's appointment brings a...

Product Service News

CoreSite Empowers Data Centers of the Future: Recognized as a Leader in CRN 2024 Data Center 50 List

Published Thu, Mar 7 2024 4:00 PM UTC

CoreSite Recognized as a Leading Data Center Provider in CRN 2024 Data Center 50 ListIn the ever-evolving world of technology, data centers play a crucial role in providing efficient and secure storage solutions. One company that has been at the forefront of this industry is CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation. Their ...

Financing Agreement

American Tower Corporation Prices Senior Notes Offering, Reinforces Financial Stability for Future Growth.

Published Mon, Mar 4 2024 10:24 PM UTC

American Tower Corporation Announces Pricing of Senior Notes Offering
In recent news, American Tower Corporation (NYSE: AMT) has announced the pricing of its registered public offering of senior unsecured notes due in 2029 and 2034. With a total aggregate principal amount of $650.0 million each, these notes are set to provide long-term financing for the company's operati...

American Tower Corporation

Headline: American Tower Corporation Reports 3.02% Rise in Revenue for Q4 2023

The financial results for American Tower Corporation for the fiscal year ending December 31, 2023, are nothing short of impressive. The company has managed to turn a profit of $0.18 per share compared to a loss of $1.43 per share the previous year. This substantial turnaround is a testament to the company's strong leadership and strategic decision-making.
Despite a decrease in earnings per share of -85.6%, the company has managed to increase its revenue by 3.02% to $2.79 billion. This shows that American Tower Corporation is focusing on sustainable growth and long-term profitability. Additionally, the company's net margin has risen to 0.48% and operating margin to 25.73%, showcasing improved efficiency and cost management.

Dividend

American Tower Corporation Announces Tax Reporting Information for 2023 Distributions

Published Thu, Jan 18 2024 1:00 PM UTC



American Tower Corporation (NYSE: AMT) has released its year-end tax reporting information for the 2023 distributions. Stockholders are advised to consult their personal tax advisors regarding the specific tax treatment. In addition to this announcement, we will also provide an overview of the company's recent performance in light of its dividend pay-out ratio and ...






 

American Tower's Segments
 
 
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  Company Estimates  
  Revenue Outlook
American Tower does not provide revenue guidance.

Earnings Outlook
American Tower Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion

American Tower's Operating Statistics Decrease / Increase
       
Wireless Tower Owned Sites     
Broadcast Tower Owned Sites     
In building Tower Owned Sites     
Total Tower Owned Sites   Total Tower Owned Sites Decline   
Avg. Revenue Per Tower Owned Sites ($)   Avg. Revenue Per Tower Owned Sites ($) Decline   




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