American Tower (AMT)
NYSEReal EstateReit - SpecialtySnapshot 2026-09-04
$175.85-1.07%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - SpecialtySnapshot 2026-09-04
QuarterlyIQ Insights · AMT
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 8.6% |
| Our one-year growth estimate | diamond | 3.1% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to the US dollar and real (inflation-adjusted) rates.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 5.5 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 13 industry peers
AMT — litigation filed
Dated 2026-06-04
Other Events. American Tower Corporation (the “Company”) is providing an update regarding its relationship with DISH Wireless L.L.C., a subsidiary of DISH Network Corporation (“DISH”). The Company delivered a notice of termination, effective June 2, 2026, to DISH of the Company’s Strategic Collocation Agreement entered into in March 2021 (the “SCA”) and related agreements with DISH. Beginning on January 1, 2026, 100% of DISH revenue has been reflected in churn and this termination is not expe…
Why it matters: Net income growth is crucial for assessing profitability. A slowdown could signal deeper issues.
Worry ifNet income growth below 25.9% year over year.
Less concerning ifNet income growth above 25.9% year over year.
Why it matters: Strong revenue growth shows that American Tower is doing well in a changing market.
Supportive ifQ3 property revenue growth exceeds 4.5% year over year.
Worry ifQ3 property revenue growth falls below 3.0% year over year.
Why it matters: The termination of the agreement with DISH could affect revenue and future growth prospects.
Worry ifDISH's revenue shows a big drop after the termination notice.
Less concerning ifDISH revenue remains stable or grows despite the termination.
Why it matters: Finishing the CoreSite deal will show how well American Tower integrates new assets. This could boost growth.
Supportive ifThe merger with CoreSite is completed by the end of Q2 2026.
Worry ifThe merger faces delays or fails to close by the end of Q2 2026.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$107 on $10,000 · ±1.1% | How much price usually moves either way. |
| Bad day | $299 loss on $10,000 · 3.0% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,640 loss on $10,000 · 16.4% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: The outcome could impact future revenue from DISH. A negative result may affect financial stability.
Worry ifA settlement or a good decision in the DISH court case.
Less concerning ifA bad decision or a long court case.
Why it matters: A stable net leverage ratio shows American Tower can manage its debt well.
Supportive ifNet leverage ratio remains below 5.0x in Q3.
Worry ifNet leverage ratio rises above 5.5x in Q3.
Why it matters: Updates on capital use will show how American Tower plans to spend money. This affects future growth.
Watch forManagement shares a clear plan for capital use after the share buyback.
Also watch forNo updates or unclear plans for capital use after the buyback.
Why it matters: Share buybacks can signal management's confidence in the company's value. Increased buybacks may support share price.
Supportive ifNews of a new share buyback plan or more buyback activity.
Worry ifNo new news or less buyback activity.
Why it matters: Finishing the merger shows American Tower can grow by buying other companies. This could increase revenue and market share.
Supportive ifThe merger with CoreSite is done. Shares are changed to cash as planned.
Worry ifThe merger is delayed or has regulatory issues. This stops it from being completed.
Why it matters: Higher AFFO growth means better cash flow and efficiency. This helps increase shareholder value.
Supportive ifAFFO per share growth exceeds 3.0% year over year in Q3.
Worry ifAFFO per share growth falls below 2.0% year over year in Q3.
Why it matters: A good share buyback can raise earnings per share. It shows confidence in the company's future.
Supportive ifAmerican Tower says it has finished a big part of the share buyback program.
Worry ifThe buyback program stops or is cut back a lot because of money issues.