Added to YB: 2026-05-22
Pitch date: 2026-05-13
AMT [neutral]
American Tower Corporation
-6.33%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$77.4B
Pitch Price
$173.06
Price Target
N/A
Dividend
4.31%
EV/EBITDA
15.01
P/E
26.79
EV/Sales
11.78
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)