Added to YB: 2026-05-22
Pitch date: 2026-05-13
AMT [neutral]
American Tower Corporation
+5.97%
current return
Author Info
No bio for this author
Company Info
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 over 148,000 communications sites and a highly interconnected footprint of U.
Market Cap
$85.1B
Pitch Price
$171.14
Price Target
N/A
Dividend
3.92%
EV/EBITDA
15.73
P/E
25.11
EV/Sales
12.32
Sector
Specialized REITs
Category
value
American Tower Corp (AMT): Weighing the risks
AMT (overview): Core tower leasing biz high quality w/ wide moat, but lower quality data center segment growing faster (18% vs 4% Q1 '02), now 10% of rev. DC requires 18mo capex upfront w/o contract certainty vs passive tower infra. Capital allocation concern: exited India at $1.2B loss after recent entry. Key customer risk: top 3 = 59% rev; Echostar exit (2% rev) cut T-B growth from 4% to 2.3% in 2025.
Read full article (4 min)