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Company Dossier · Real Estate

American Tower

AMTNYSESpecialized REITWILMINGTON, US-DE, USLarge capWebsite ↗
  • S&P 500
  • S&P 100
  • Russell 1000

What American Tower is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.

Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →

The latest read

Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.

  • Revenue over the four quarters to June 30, 2026: $0.89 billion, up 2.3% from a year earlier.SEC EDGAR filings (XBRL)
  • Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: $3.96 billion, up 5.9% from a year earlier.SEC EDGAR filings (XBRL)
  • Capital expenditure over the four quarters to June 30, 2026: $1.82 billion, up 21% from a year earlier.SEC EDGAR filings (XBRL)
  • Share buybacks in the fiscal year to December 31, 2025: $0.36 billion.SEC EDGAR filings (10-K)
  • Long-term debt issued in the fiscal year to December 31, 2025: $3.00 billion.SEC EDGAR filings (10-K)
  • Latest earnings call or results release (July 28, 2026): sentiment 0.70 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.85 of 1.Palanor Discourse
  • Guidance in the last 90 days: 7 outlook figures raised, 0 lowered, 0 held.Guidance Ledger (8-K results releases)
  • Latest annual report (filed February 24, 2026): 5 risk factors added, 0 removed.Risk Factor Changes (10-K Item 1A)
  • Insiders were net sellers in Q3 2026: $0.7 million on the open market.SEC Form 4
  • 1,761 institutional managers reported a position at June 30, 2026 (+1 on the quarter before).SEC Form 13F
  • H-1B filings certified in Q2 2026: 12 (10 a year earlier).U.S. Department of Labor (OFLC)

Company Posture

How Company Posture is measured →

What American Tower is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.

Expanding · Confident

Expanding ↔ Retrenching

Expanding

RetrenchingExpanding

Confident ↔ Hedging

Confident

HedgingConfident

Pressure

Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).

Credit

How these are built →

American Tower's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.

Debt on the balance sheet

$37.2B

  • Due within a year $5.2B
  • Longer term $32.0B
  • Default point $21.2B (short + ½ long)

Finance leases included · Jun 30, 2026 filing

Bonds priced, last 12 months

$2.5B

U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.

PricedAmountCouponMaturesSpreadYield
Sep 9, 2026$500M5.560%2033 (7y)+88bp5.599%
Sep 9, 2026$500M5.300%2031 (5y)+75bp5.365%
Sep 9, 2026$600M5.750%2036 (10y)+98bp5.817%
May 19, 2026€750M4.000%2033 (7y)+102bp—
Dec 2, 2025$850M4.700%2032 (7y)+90bp4.753%
Sep 11, 2025$375M5.350%2035 (10y)+85bp4.867%
Sep 11, 2025$200M4.900%2030 (5y)+70bp4.285%
May 21, 2025€500M3.625%2032 (7y)+127bp—
Mar 11, 2025$350M5.350%2035 (10y)+110bp5.386%
Mar 11, 2025$650M4.900%2030 (5y)+90bp4.935%
Nov 18, 2024$600M5.400%2035 (10y)+105bp5.468%
Nov 18, 2024$600M5.000%2030 (5y)+80bp5.080%

From the pricing term sheets American Tower filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.

Charts

Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.

Cash flow

Business

American Tower: free cash flow, trailing twelve months

Operating cash flow minus capital expenditure, $ billions, from SEC filings

$4.0BData to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

American Tower: operating cash flow and capital expenditure

Trailing twelve months, $ billions, from SEC filings

Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

American Tower: revenue, trailing twelve months

$ billions, from SEC filings

$0.9BData to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

Capital returned and raised

Business

American Tower: share buybacks by fiscal year

Cash paid to repurchase common stock, $ billions, from the 10-K

$0.36BData to Dec 2025
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

American Tower: debt issued and repaid by fiscal year

Long-term debt, $ billions, from the 10-K

Data to Dec 2025
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

American Tower: debt due within a year and cash

At each balance-sheet date, $ billions, from SEC filings

Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

American Tower: interest coverage

Operating income ÷ interest expense, trailing twelve months, from SEC filings

3.5Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

What the company says

Business

American Tower: guidance raised minus lowered

Guidance Ledger statements by quarter

7.0Data 23 days ago
ImageDataGuidance Ledger by Palanor · source: SEC EDGAR
Business

American Tower: earnings call sentiment

Palanor Discourse score per call, −1 to +1

0.70Data to Jul 2026
ImageDataPalanor calculation
Business

American Tower: earnings call confidence

Palanor Discourse score per call, 0 to 1

0.85Data to Jul 2026
ImageDataPalanor calculation
Business

American Tower: risk factors added per annual report

New Item 1A risk factors in each 10-K

5.0Data to Feb 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

Hiring and ownership

Business

American Tower: H-1B filings certified

Labor Condition Applications by quarter received

12.0Data to Jun 2026
ImageDataU.S. Department of Labor, Office of Foreign Labor Certification disclosure data, dol.gov
Business

American Tower: insider net buying

Open-market purchases minus sales by officers and directors, $ millions, by quarter

−$0.7MData 23 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

American Tower: institutional holders

Managers reporting a position on Form 13F, by quarter

1,761Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

Filings and records

The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.

  1. Oct 20, 2026Lobbying
    Lobbying report (KEARNEY, DONOVAN & MCGEE)third_quarter 2026 · $0.0 million
  2. Oct 19, 2026Lobbying
    Lobbying report (AMERICAN TOWER CORPORATION)third_quarter 2026 · $0.3 million
  3. Oct 16, 2026Lobbying
    Lobbying report (CAPITOL TAX PARTNERS, LLP)third_quarter 2026 · $0.1 million
  4. Oct 16, 2026Lobbying
    Lobbying report (BROWNSTEIN HYATT FARBER SCHRECK, LLP)third_quarter 2026 · $0.1 million
  5. Sep 18, 20268-K
    Director or officer changeItem 5.02
  6. Sep 14, 20268-K
    Material agreement signedItem 1.01
  7. Jul 20, 2026Lobbying
    Lobbying report (KEARNEY, DONOVAN & MCGEE)second_quarter 2026 · $0.0 million
  8. Jul 17, 2026Lobbying
    Lobbying report (AMERICAN TOWER CORPORATION)second_quarter 2026 · $0.3 million
  9. Jul 16, 2026Lobbying
    Lobbying report (CAPITOL TAX PARTNERS, LLP)second_quarter 2026 · $0.1 million
  10. Jul 16, 2026Lobbying
    Lobbying report (BROWNSTEIN HYATT FARBER SCHRECK, LLP)second_quarter 2026 · $0.1 million
  11. May 27, 20268-K
    Material agreement signedItem 1.01
  12. May 21, 20268-K
    Director or officer changeItem 5.02
  13. May 21, 20268-K
    Shareholder vote resultsItem 5.07
  14. May 7, 20268-K
    Material agreement signedItem 1.01
  15. Mar 10, 20268-K
    Director or officer changeItem 5.02
  16. Feb 27, 20268-K
    Director or officer changeItem 5.02
  17. Feb 24, 202610-K
    Annual report (10-K)5 risk factors added, 0 removed
  18. Jan 29, 20268-K
    Director or officer changeItem 5.02
  19. Dec 5, 20258-K
    Material agreement signedItem 1.01
  20. Nov 7, 20258-K
    Director or officer changeItem 5.02
  21. Sep 18, 20258-K
    Director or officer changeItem 5.02
  22. Sep 16, 20258-K
    Material agreement signedItem 1.01
  23. Aug 25, 20258-K
    Director or officer changeItem 5.02
  24. May 30, 20258-K
    Material agreement signedItem 1.01
  25. May 15, 20258-K
    Shareholder vote resultsItem 5.07
  26. Mar 20, 20258-K
    Director or officer changeItem 5.02
  27. Mar 14, 20258-K
    Material agreement signedItem 1.01
  28. Mar 5, 20258-K
    Director or officer changeItem 5.02
  29. Feb 25, 202510-K
    Annual report (10-K)0 risk factors added, 1 removed
  30. Feb 5, 20258-K
    Director or officer changeItem 5.02
  31. Jan 28, 20258-K
    Material agreement signedItem 1.01
  32. Jan 7, 20258-K
    Director or officer changeItem 5.02
  33. Nov 21, 20248-K
    Material agreement signedItem 1.01
  34. Oct 31, 20248-K
    Director or officer changeItem 5.02
  35. Feb 27, 202410-K
    Annual report (10-K)1 risk factors added, 1 removed

Peers

Companies in the same sector in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.

CompanyRevenueFree cash flowThrough
STAG Industrial STAG$0.9B—Mar 31, 2026
NNN Reit NNN$0.9B—Dec 31, 2025
Agree Realty ADC$0.8B—Sep 30, 2026
Kite Realty Group Trust KRG$0.8B—Jun 30, 2026
Medical Properties Trust MPT$1.0B—Mar 31, 2026
Cousins Properties CUZ$1.0B—Jun 30, 2026
First Industrial Realty Trust FR$0.8B—Jun 30, 2026
EastGroup Properties EGP$0.8B—Jun 30, 2026

Identity

SEC CIK
1053507
LEI
5493006ORUSIL88JOE18
Wikidata
Q4745263
SAM UEI
GA38FTDCWN15
SAM UEI
C2QZSEASE1S7

Built from SEC EDGAR filings (public domain), the Guidance and KPI Ledgers, Palanor Discourse, U.S. Department of Labor filings, USPTO, USAspending and Senate lobbying records, and rights-checked news headlines. Updated nightly; this page was built Oct 22, 2026. How the Dossier is built

S&P 500, S&P 100, S&P MidCap 400 and Dow Jones Industrial Average are trademarks of S&P Dow Jones Indices LLC or its affiliates; Nasdaq-100 is a trademark of Nasdaq, Inc.; Russell 1000 is a trademark of FTSE Russell. Membership is shown for identification only. Palanor is not affiliated with or endorsed by the index owners.

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