American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a few other industries. The Company refers to this business, inclusive of its data center business discussed below, as its property operations. Additionally, the Company offers tower-related services in the United States, which the Company refers to as its services operations. These services include site application, zoning and permitting, structural and mount analyses, and construction management services, together with program management offerings that support customer deployment needs from project scoping through construction. The Company's services operations primarily support the Company's site leasing business, including through the addition of new tenants and equipment on its sites. The Company's customers include its tenants, licensees and other payers. American Tower Corporation was incorporated in 1995 in Delaware, USA.
American Tower Corporation (REI (AMT) reported trailing twelve months (TTM) revenue of $10.65B as of December 2025, which represents a 1.5% decrease year-over-year. The company's operating margin has contracted to 42.4% from 42.4% a year ago. In terms of profitability, AMT generated $2.53B in net income. Valuation-wise, the stock trades at a P/E ratio of 32.8x and a Price-to-Sales (P/S) ratio of 7.8x. The company generated $848.30M in free cash flow over the last twelve months, indicating its ability to reinvest in growth or return capital to shareholders. Data based on the most recent quarterly reports.
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