American Tower(NYSE) AMT

American Tower Corporation NYSE:AMT helps phone companies connect people through cell towers. It owns a global network of real estate for wireless communications. The company also operates data centers to store digital information.

Connecting the World with Towers

• Communications Sites: Leasing tower space to wireless providers, broadcasters, and government agencies; accounts for 98% of total revenues.
• Data Centers: Operating 30 facilities across 11 U.S. markets for digital storage; accounts for $586.0 million in revenue for the six-month period ended June 30, 2026.
• Tower Services: Supporting leasing operations through site application, zoning, and construction management; accounts for $128.9 million in revenue for the six-month period ended June 30, 2026.
• Managed Sites: Managing rooftops and tower sites for other property owners under various contractual arrangements.

Recent Moves and Strategic Sales

• Completed the sale of the Philippines subsidiary on June 15, 2026.
• Divested the controlling interest in Kirtonkhola Tower Bangladesh Limited on June 29, 2026.
• Issued 750 million EUR of 4.000% senior unsecured notes due 2033 in May 2026.
• Amended multicurrency credit facilities in May 2026 to extend debt maturity dates.

A Global Infrastructure Network

American Tower operates over 148,000 communications sites and 30 data center facilities across four continents. Most revenue comes from multiyear, non-cancellable leases that include rent increases based on fixed rates or inflation.

Performance by the Numbers

• Total revenues rose 6% to $5.5 billion for the six-month period ended June 30, 2026.
• Net income reached $1.8 billion for the six-month period ended June 30, 2026, up 101% year over year.
• Adjusted EBITDA grew 4% to $3.6 billion for the six-month period ended June 30, 2026.
• Total liquidity reached $9.9 billion as of June 30, 2026, including $1.8 billion in cash.
• Tenant billings churn was approximately 5% for the six-month period ended June 30, 2026.

Infrastructure for a Digital Age

American Tower has transitioned from a domestic tower operator to a global real estate trust. Its expansion into data centers and international markets provides essential infrastructure for digital connectivity.