American Tower (AMT)
NYSEReal EstateReit - SpecialtySnapshot 2026-11-05
$193.99-0.45%
Close 2026-11-05 · 1-day change
NYSEReal EstateReit - SpecialtySnapshot 2026-11-05
QuarterlyIQ Insights · AMT
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within real estate on a research-validated quality screen. As of 2026-11-05.
The screen ranks AMT against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Real Estate names rated neutral grew net income 51% of the time over the next year (vs 56% for the rest of the cohort, n=3680).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Grow through leasing demand across the global tower portfolio and the data center business, supported by demand for connectivity, cloud, and AI infrastructure.
This momentum, combined with disciplined capital allocation, enabled us to raise our full-year outlook for the third time this year.
Stated in 8 of 8 supplied quarters. Management reported: “On October 23, 2026, the Company’s Board of Directors authorized an increase in its share repurchase program to permit the Company to purchase up to an additional $2.0 billion of its outstanding common stock, in addition to the remaining available amount noted above.” “Stock Repurchase Program – During the third quarter of 2026, the Company repurchased a total of approximately 1.8 million shares of its common stock for an aggregate of approximately $315 million, including commissions and fees.”
The actions we have taken to simplify the portfolio and enhance financial flexibility are creating a stronger foundation for durable, long-term growth.
Stated in 8 of 8 supplied quarters. Management reported: “Capital Expenditures – During the third quarter of 2026, total capital expenditures were approximately $407 million, of which $48 million was for non-discretionary capital improvements and corporate capital expenditures.” “The midpoint of Adjusted EBITDA is unchanged from the Company’s prior outlook.” Revenue was $2.785 billion in 2026-Q3.
“The actions we have taken to simplify the portfolio and enhance financial flexibility are creating a stronger foundation for durable, long-term growth.”
Focus on sustaining revenue growth through leasing demand, operational efficiency, and capturing secular trends in digital infrastructure.
Ensure smooth leadership changes and maintain organizational strength to support strategic execution.
Over the trailing year it converted 2.15x of net income into operating cash flow. Historically, Real Estate names rated neutral grew net income 57% of the time over the next year (vs 47% for the rest of the cohort, n=2917).
Most sensitive to the US dollar.
Not enough signal to read sensitivity to long-term interest rates, real (inflation-adjusted) rates, the broad stock market, Fed net liquidity (low R² over the window).
31 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Real Estate names rated volatile grew net income 55% of the time over the next year (vs 55% for the rest of the cohort, n=2851).
Not investment advice. As of 2026-11-05.
“This momentum, combined with disciplined capital allocation, enabled us to raise our full-year outlook for the third time this year.”
“This momentum translated into mid-single-digit AFFO per share growth, normalized for one-time DISH churn, and enabled us to raise our full-year outlook for the second time this year.”
“I believe American Tower is now operating from its strongest strategic position in more than a decade, reflecting the actions we've taken to strengthen our balance sheet, reduce risk and enhance the…”
“Looking ahead to 2026, we are focused on durable revenue growth, advancing our new cost efficiency initiatives, and disciplined capital allocation.”
“As we close out 2025, we remain confident that our strategic focus on maximizing organic growth, expanding margins, prudently allocating capital, and maintaining balance sheet strength will continue…”
“Our disciplined and long-term approach to maximizing shareholder value through our thoughtful capital allocation strategy, balance sheet strength, best-in-class operational execution, and, most impor…”
“Together with the resilient demand we’re seeing for our portfolio of assets, we remain focused on enhancing the quality of our earnings through active portfolio management, organizational and operati…”
“The strategic steps we’ve taken to enhance the quality of our earnings through portfolio management, disciplined capital allocation and balance sheet strength, has us well positioned to navigate vola…”
“Steve Vondran, American Tower’s Chief Executive Officer, stated, “We delivered another strong quarter, driven by robust leasing demand across our global tower portfolio, record leasing activity at Co…”
“I believe American Tower is now operating from its strongest strategic position in more than a decade, reflecting the actions we've taken to strengthen our balance sheet, reduce risk and enhance the…”
“Looking ahead to 2026, we are focused on durable revenue growth, advancing our new cost efficiency initiatives, and disciplined capital allocation.”
“As we close out 2025, we remain confident that our strategic focus on maximizing organic growth, expanding margins, prudently allocating capital, and maintaining balance sheet strength will continue…”
“While we continue to manage through certain customer events, particularly in Latin America, international activity remains steady, with a solid cash flow conversion enhanced through cost and capital…”
“Complemented by favorable leasing and pricing trends at CoreSite, steady activity in our international markets and a continued focus on global cost management, we delivered Attributable AFFO per Shar…”
“The contribution to the margin from these solid demand trends was further complemented by prudent cost controls and the successful execution of our globalization initiatives, driving added efficiency…”