American Tower Corp

Symbol: AMT
CIK: 1053507
Exchange: NYSE
Founded: 1995 (24 years)
HQ: Boston, MA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Infrastructure

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See AMT on SEC.gov

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Overall Score: 7.5

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. Learn More


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Hightlights of Trading Day October 18, 2019


Open Price: $225.85
Closing Price: $229.09
Price Change: 3.18 (1.408%)
Lowest Price: $225.85
Highest Price: $229.595

52-Week Low: $145.77
52-Week High: $242.00
52-Week Change: 56.07%

5 Day Price Change: 0.65%
1 Month Price Change: 1.94%
3 Month Price Change: 8.27%
6 Month Price Change: 17.11%
YTD Price Change: 44.13%
1 Year Price Change: 53.90%
2 Year Price Change: 62.37%
5 Year Price Change: 142.47%

Dividend of Trading Day October 18, 2019


Dividend Yield: 1.659%*
Annualized Dividend: $3.8*
Dividend Yield (TTM): 1.506%
Annualized Dividend (TTM): $3.45
Ex Dividend Date: 2019-09-26
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Funds From Operations (FFO)


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Key Stats of Trading Day October 18, 2019


Total Cash: $1,304,900,000
Current Debt: $2,754,800,000
Revenue: $7,440,100,000
Gross Profit: $3,151,500,000
Total Revenue: $7,440,100,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $4,525,600,000
Revenue Per Share: $17
Revenue Per Employee: $1,480,322
Employee: 5,026
Debt to Equity Ratio (D/E): 3.97
Profit Margin: 0.17%
Enterprise Value (EV): $119,215,648,250
Enterprise Value to Revenue (EV/R): 16.02
Price to Sales (P/S): 13.35
Price to Book (P/B): 18.62
Peg Ratio: 1.72
P/E Ratio: 68.80
P/E High: 73.33
P/E Low: 42.54
Forward P/E Ratio: 60.50
Market Capitalization: $101,414,706,650
Beta: 0.27
Latest Volume: 1,544,350.00
Avg. Total Volume: 1,780,026
Avg. 10 Volume: 1,336,734.00
Avg. 30 Volume: 1,780,025.80
TTM EPS: 3.33
TTM Dividend Rate: 3.45
Shares Outstanding: 442,685,000
Float: 441,121,879.27
50-Day Moving Avg.: 224.88
200-Day Moving Avg.: 200.81

Latest REIT Community Comments on #AMT


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Properties Owned by AMT


Properties owned:
170000
Types:
3
States:
50
Countries:
15
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
AMT Sample Property
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by AMT, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 1,286,000,000 1,099,700,000 1,304,900,000 1,293,300,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 18,400,000 0 68,200,000
Long-term Investments 0 0 0 0
Property, Plant & Equipment Net 18,378,600,000 18,283,500,000 11,247,100,000 10,996,300,000
Goodwill 5,557,800,000 5,538,200,000 5,501,900,000 5,463,400,000
Intangible Assets 10,895,200,000 11,042,800,000 11,174,300,000 11,481,700,000
Other Assets 2,150,400,000 2,122,500,000 2,952,100,000 2,857,100,000
Net Tangible Assets -21,795,100,000 -21,827,700,000 -21,708,600,000 -21,833,600,000
Total Assets 39,072,700,000 38,926,800,000 33,010,400,000 33,077,200,000
Accounts Payable 0 0 0 0
Liabilities (Other) 2,750,500,000 2,680,700,000 3,200,200,000 3,026,800,000
Current Liabilities (Other) 413,000,000 403,100,000 377,400,000 354,200,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 2,442,200,000 2,097,200,000 2,754,800,000 2,841,300,000
Long-term Debt 24,951,300,000 25,423,200,000 18,405,100,000 18,422,900,000
Total Liabilities 32,439,400,000 32,437,500,000 26,106,000,000 26,193,700,000
Minority Interest 5,200,000 10,200,000 15,100,000 10,400,000
Common Stock 4,500,000 4,500,000 4,500,000 4,500,000
Retained Earnings -1,206,200,000 -1,226,400,000 -1,199,500,000 -1,104,300,000
Treasury Stock 1,206,800,000 1,206,800,000 1,206,800,000 1,163,200,000
Capital Surplus 10,492,700,000 10,447,900,000 10,380,800,000 10,310,000,000
Shareholder Equity 5,477,500,000 5,347,000,000 5,336,100,000 5,350,700,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 1,889,600,000 1,813,400,000 2,131,900,000 1,785,500,000
Cost of Revenue 1,012,200,000 980,300,000 1,306,800,000 1,005,600,000
Gross Profit 877,400,000 833,100,000 825,100,000 779,900,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 1,177,000,000 1,178,400,000 1,499,300,000 1,183,500,000
Operating Income 689,800,000 621,000,000 609,300,000 577,900,000
Income Expense Net (Other) -225,900,000 -179,400,000 -412,000,000 -188,100,000
EBIT 689,800,000 621,000,000 609,300,000 577,900,000
Interest Income 204,500,000 207,500,000 208,800,000 210,100,000
Pretax Income 463,900,000 441,600,000 197,300,000 389,800,000
Income Tax 29,600,000 34,000,000 -95,400,000 12,500,000
Minority Interest 5,200,000 10,200,000 15,100,000 10,400,000
Net Income 429,100,000 397,400,000 277,600,000 366,900,000
Net Income Basic 429,100,000 397,400,000 277,600,000 366,900,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 429,100,000 397,400,000 277,600,000 366,900,000
Depreciation 448,900,000 436,900,000 765,900,000 448,900,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 186,300,000 -205,200,000 11,600,000 323,200,000
Cash Flow 1,036,600,000 785,100,000 1,263,200,000 753,300,000
Capital Expenditures -243,500,000 -220,800,000 -302,800,000 -185,500,000
Investments -94,400,000 -687,200,000 -82,100,000 -119,400,000
Investing Activity (Other) 100,000 -4,800,000 -21,100,000 -8,400,000
Total Investing Cash Flows -267,400,000 -749,000,000 -694,400,000 -212,100,000
Dividends Paid -398,000,000 -377,100,000 -348,400,000 -339,500,000
Net Borrowings -179,200,000 215,700,000 -205,600,000 178,200,000
Cash Flow Financing -597,000,000 -224,700,000 -573,400,000 -222,700,000
Financing Cash Flows (Other) -49,200,000 -90,500,000 -12,600,000 7,300,000
Exchange Rate Effect 14,100,000 -16,600,000 16,200,000 4,700,000

About American Tower Corp


American Tower Corporation is a publicly held company, owner and operator of wireless and broadcast communications infrastructure in several countries. American Tower is headquartered in Boston, Massachusetts and has local offices worldwide.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
4 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
8 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
5 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.5
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
1 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
4 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.2
Rating Properties Section Avg. Rating
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.1
7.5 Overall REITRating™ Score 6.6

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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