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American Tower is a global real estate investment trust that owns, operates, and develops wireless and broadcast infrastructure. It primarily leases space on its 220,000+ multi-tenant communications towers to wireless carriers, broadcasters, and other network operators, generating revenue from long-term rent with initial terms of 5-10 years and renewals. The towers and services enable tenants to mount their equipment and connect networks; rent is based on the amount of equipment and tower location. The company differentiates itself through its large global portfolio, scale, and high barriers to entry in tower construction, giving it a diversified, stable tenant base that includes major carriers such as AT&T, T-Mobile, and Verizon. The goal is to provide secure, long-term, essential communications infrastructure and to deliver predictable cash flow for shareholders by expanding and optimizing its tower network worldwide.
Industries
Real Estate
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
1995
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Total Funding
$7.4B
Above
Industry Average
Funded Over
8 Rounds
Hybrid Work Options
RBC Capital remains a Buy on American Tower (AMT). Jul. 31, 2026, 07:45 PM RBC Capital analyst Jonathan Atkin maintained a Buy rating on American Tower on July 30 and set a price target of $205.00. The company's shares closed yesterday at $174.46. * Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions * Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks According to TipRanks, Atkin is a 5-star analyst with an average return of 8.9% and a 60.85% success rate. Atkin covers the Real Estate sector, focusing on stocks such as American Tower, Crown Castle, and Digital Realty. American Tower has an analyst consensus of Strong Buy, with a price target consensus of $213.50, a 22.38% upside from current levels. In a report released on July 29, Bernstein also maintained a Buy rating on the stock with a $214.00 price target. Based on American Tower's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.75 billion and a net profit of $867.5 million. In comparison, last year the company earned a revenue of $2.63 billion and had a net profit of $366.8 million Read More on AMT:
Vodafone Spain seeks to replace Vantage Towers with Cellnex, American Tower agreements. As the telco looks to reduce its reliance on Vantage Towers July 27, 2026 Vodafone Spain is preparing to restructure its passive infrastructure strategy with the aim of redistributing some of its telecommunications sites between Cellnex and American Tower Corporation (ATC). The move will reduce the role of Vantage Towers, the Vodafone-owned firm that has been one of the Spanish operator's main tower providers to date. The move is part of a new strategy spearheaded by Zegona, owner of Vodafone Spain since 2024, aimed at optimizing operating costs and renegotiating infrastructure contracts considered strategic for the company's mobile network. According to Expansión, Vodafone Spain will gradually replace some of the sites managed by Vantage Towers through new agreements with Cellnex and American Tower. The redistribution aims to improve the financial terms of the contracts and increase the network's operational flexibility, at a time when operators continue to review their cost structures to finance the necessary investments in 5G, fiber, and future mobile networks. Vantage Towers has long been Vodafone's main tower operator in Spain. However, since Zegona took ownership of Vodafone Spain in 2024, Zegona has sought to get out of its contracts that have bound the carrier to Vantage, reports Expansión. Vantage Towers was formed as a spin-off from Vodafone, hosting the telco's passive infrastructure throughout Europe. The towerco is now majority-owned by Oak Holdings, the holding company owned by Vodafone, Global Infrastructure Partners (GIP), and KKR. The European telecommunications infrastructure market has undergone a profound transformation with the growth of so-called tower companies. Companies such as Cellnex, American Tower, and Vantage Towers manage tens of thousands of sites that they lease to multiple operators under a shared infrastructure model. This strategy accelerates the deployment of new technologies, reduces duplication, and optimizes the use of physical assets, while freeing up capital so that operators can focus their investments on networks, services, and spectrum. Vodafone Spain's decision also reflects the growing competition among major tower operators to secure long-term contracts with telecommunications companies. These agreements guarantee recurring revenue and solidify the position of tower companies as essential players within the digital infrastructure ecosystem. This piece was automatically translated from DCD's Spanish site and edited by a member of DCD staff. More in carrier networks.
American Tower - 216,601 breached accounts. 2026-06-26 10:06 In June 2026, telecommunications tower infrastructure company American Tower was the target of a ShinyHunters "pay or leak" extortion campaign. The group subsequently published data allegedly taken from the company containing more than 200k unique email addresses belonging to employees, contractors, customers, and leads. Exposed data also included names, addresses, and phone numbers. Read the original article: IT security services In May 2024, the American luxury retailer Neiman Marcus suffered a data breach which was later posted to a popular hacking forum. The data included 31M unique email addresses, names, phone numbers, dates of birth, physical addresses and partial credit card data (note: this is insufficient to make purchases). The... July 9, 2024 In April 2026, the American insurance holding company Kemper Corporation was named by the ShinyHunters ransomware group in a "pay or leak" extortion campaign. The attackers allegedly accessed Kemper's Salesforce environment via social engineering as part of a broader campaign targeting hundreds of organisations using the same method. The group... May 28, 2026 In March 2026, the commercial real estate finance company Berkadia was the target of a ShinyHunters "pay or leak" extortion campaign. The group subsequently published data they alleged was taken from Berkadia's Salesforce instance, including over 300k unique email addresses as well as names, physical addresses and phone numbers, among... June 15, 2026
Is American Tower Corporation (AMT) among the 7 Best "Land Owner" Stocks to Buy for Hard Asset Value. Published on June 18, 2026 at 8:25 pm by sajjl nooranne in news. With a short percentage of shares outstanding of 1.93%, American Tower Corporation (NYSE:AMT) is among the 7 Best "Land Owner" Stocks to Buy for Hard Asset Value. On June 4, American Tower Corporation (NYSE:AMT) disclosed in a regulatory filing that it had delivered a notice of termination, effective June 2, 2026, to DISH Wireless regarding the Strategic Collocation Agreement and related agreements originally entered into in March 2021. The company stated that all DISH-related revenue has been reflected in churn since January 1, 2026. Therefore, the termination is not expected to have any impact on its financial results for the year ending December 31, 2026. American Tower also noted that it continues to pursue litigation against DISH concerning obligations under the agreement, while emphasizing that the anticipated financial effect of the termination has already been incorporated into its operating outlook. On May 19, Bernstein upgraded American Tower Corporation (NYSE:AMT) to Outperform from Market Perform while maintaining a $207 price target. The firm argued that investors are overstating the risks facing the company and failing to adequately recognize its long-term growth potential. Bernstein highlighted that the shares are trading at a valuation multiple near five-year lows, creating what it views as an attractive buying opportunity. The firm also addressed concerns surrounding direct-to-device satellite technology, contending that meaningful competition with terrestrial wireless networks would still require substantial terrestrial infrastructure or partnerships with mobile network operators. According to Bernstein, either scenario would likely support continued demand for communications tower assets, benefiting companies such as American Tower. Founded in 1995 and headquartered in Boston, Massachusetts, American Tower Corporation (NYSE: AMT) is a global real estate investment trust (REIT) that owns, develops, and operates multitenant communications infrastructure. It acquires real estate, leasing vertical tower space to major wireless carriers under long-term contracts, and provides an inflation hedge through tangible, highly essential physical infrastructure. While we acknowledge the risk and potential of AMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMT and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Boston developer files building permit for Pinellas Park data center. Published June 17, 2026 8:37 PM EDT A Boston-based developer is aiming to build a new data center in Pinellas Park, sparking infrastructure and environmental questions as other Florida communities pause similar projects. FOX 13's Kailey Tracy reports. The brief. * * A Boston-based developer wants to construct a new data center facility on a small lot in Pinellas Park. * The proposal requires tearing down an empty building currently sitting on the half-acre site, which is located less than a quarter-mile from the nearest home. * Local officials emphasize the proposal is in its earliest stages and must undergo formal public reviews. PINELLAS PARK, Fla. - A Boston-based developer is aiming to build a new data center in Pinellas Park, sparking infrastructure and environmental questions as other Florida communities pause similar projects. American Tower filed a permit request to construct the facility at 10700 76th Court North. The proposal requires tearing down an empty building currently sitting on the half-acre site, which is located less than a quarter-mile from the nearest home. Data center growth. What Fox 13 News know: American Tower plans to install an eight-foot security fence and four large generator pads on the property. Pinellas Park officials said the facility will be treated as a conditional use, meaning it requires formal review and public approval. Data centers face intense national and local scrutiny, because they consume massive amounts of water and electricity. Nearby Hernando and Citrus counties have already passed temporary bans, and Pasco County commissioners approved an initial vote on a one-year construction pause. Pinellas County leaders also began researching a potential moratorium in April, while Fort Meade officials in Polk County granted early approval for a separate project. Unscheduled public meetings. What Fox 13 News don't know: Officials have not yet scheduled a date for the first public hearing on the project. It remains unclear how local infrastructure will handle the facility, or exactly how much noise and air emission the backup generators will produce. American Tower did not respond to requests for comment. Local industrial classification. The backstory: Local zoning laws do not explicitly define data centers, because the technology is relatively new. Nick Colonna, community development administrator for Pinellas Park, explained that the facilities function similarly to warehouses by storing equipment, but they impact neighborhoods differently due to cooling needs and noise. Colonna noted that any development application undergoes a strict review to measure its direct footprint on the surrounding community. Neighborhood business reaction. What they're saying: "To me, if you're 500 feet away or a thousand feet away, you're still in impact," Colonna said. "It is a capacity infrastructure impact." "They've realized they have to mitigate noise, figure out the water capacity, and what impact that has on our infrastructure, and that's also our question," Colonna said. "We have to look at it together. Then there are the environmental concerns." Nearby business owners are watching the development closely. "I think everybody's still trying to learn what's required to run these things or what we're going to need in the future," Matt Burns, head coach at CrossFit Tampa Bay, said. Future council decisions. What's next: City administrators are encouraging neighborhood residents to attend upcoming public meetings to voice their opinions and ask questions. The Pinellas Park City Council will ultimately vote to approve or deny the permit request after the formal review process concludes. The Source: The information in this story was gathered from Pinellas Park Community Development Administrator Nick Colonna and official city planning documents, as well as the permit application submitted by developer American Tower.
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Industries
Real Estate
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
1995
Find jobs on Simplify and start your career today