American Tower (AMT) Stock Analysis
Here is a fundamental analysis of American Tower (AMT), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.
Performance
Cumulative Growth
Trailing Returns
Performance at a Glance
| Metric | Current stock: AMT | Industry group median |
|---|---|---|
| 1-Year Return | -10.00% | 15.97% |
Risk
Drawdown
Risk at a Glance
| Metric | Current stock: AMT | Industry group median |
|---|---|---|
| 1-Year Volatility | 24.21% | 22.81% |
| Beta | 0.88 | 0.97 |
Company Profile
American Tower (AMT) is a REIT, a distribution-oriented structure — read its payout ratio and P/E alongside FFO (funds from operations) rather than at face value.
| Profile Item | AMT |
|---|---|
| Name | American Tower Corporation |
| Country/Region | United States |
| GICS Sector | Real Estate |
| GICS Industry Group | Equity Real Estate Investment Trusts (REITs) |
| GICS Industry | Specialized REITs |
| GICS Sub-Industry | Telecom Tower REITs |
| Market Capitalization | 87.21 billion USD |
| Currency | USD |
| Exchange | NYSE |
| Listing Date | February 27, 1998 |
| Security Type | REIT |
Valuation
Price-to-Earnings Ratio (TTM)
P/E ratio is not assessed for American Tower (AMT) in Equity Real Estate Investment Trusts (REITs): depreciation can depress accounting earnings in this industry, so price-to-FFO is the more relevant valuation yardstick.
Price-to-Sales Ratio (TTM)
American Tower (AMT) trades at 8.06 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
8.06
Group distribution
- Max
- 15.01
- Q3
- 8.66
- AMT
- 8.06
- Median
- 6.65
- Q1
- 3.87
- Min
- 0.60
Largest peers
- PLD
- 14.87
- WELL
- 12.85
- SPG
- 12.52
- EQIX
- 10.93
- DLR
- 10.44
- O
- 9.86
- AMT
- 8.06
Price-to-Book Ratio (MRQ)
American Tower (AMT) trades at 24.76 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
24.76
Group distribution
- AMT
- 24.76
- Max
- 4.20
- Q3
- 2.66
- Median
- 1.74
- Q1
- 1.16
- Min
- 0.33
Largest peers
- AMT
- 24.76
- SPG
- 14.74
- EQIX
- 7.28
- WELL
- 3.54
- DLR
- 2.84
- PLD
- 2.59
- O
- 1.49
Valuation at a Glance
| Metric | Current stock: AMT | Industry group median |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | -- | -- |
| Price-to-Sales Ratio (TTM) | 8.06 | 6.65 |
| Price-to-Book Ratio (MRQ) | 24.76 | 1.74 |
| Free Cash Flow Yield | -- | -- |
Profitability
Return on Equity (TTM)
American Tower (AMT) posts ROE of 29.95%, above the industry benchmark range. Equity is being turned into profit at an exceptional rate, but very high ROE should still be checked against leverage, buybacks, and the size of the equity base.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
29.95%
Group distribution
- AMT
- 29.95%
- Max
- 21.85%
- Q3
- 9.82%
- Median
- 5.84%
- Q1
- 1.39%
- Min
- -9.66%
Largest peers
- SPG
- 113.59%
- AMT
- 29.95%
- EQIX
- 10.06%
- PLD
- 6.84%
- DLR
- 5.69%
- WELL
- 3.67%
- O
- 2.83%
Net Profit Margin (TTM)
net margin is set aside for American Tower (AMT) in Equity Real Estate Investment Trusts (REITs): heavy depreciation can make net income a poor proxy for cash profitability, so FFO-based measures usually carry the read.
Operating Profit Margin (TTM)
operating margin is set aside for American Tower (AMT) in Equity Real Estate Investment Trusts (REITs): the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.
Profitability at a Glance
| Metric | Current stock: AMT | Industry group median |
|---|---|---|
| Return on Equity (TTM) | 29.95% | 5.84% |
| Return on Assets (TTM) | 4.91% | 2.39% |
| Net Profit Margin (TTM) | -- | -- |
| Operating Profit Margin (TTM) | -- | -- |
| Gross Profit Margin (TTM) | -- | -- |
Financial Strength
Current Ratio (MRQ)
American Tower (AMT) has current ratio of 0.30, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
0.30
Group distribution
- Max
- 4.00
- Q3
- 1.92
- Median
- 1.04
- Q1
- 0.47
- AMT
- 0.30
- Min
- 0.08
Largest peers
- O
- 2.06
- WELL
- 1.65
- DLR
- 1.23
- EQIX
- 1.18
- PLD
- 0.53
- AMT
- 0.30
- SPG
- 0.20
Debt-to-Equity Ratio (MRQ)
American Tower (AMT) has debt-to-equity ratio of 4.45, above the industry benchmark range. Debt sits unusually high against shareholders’ equity, leaving the balance sheet more exposed to rate, refinancing, or earnings shocks.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
4.45
Group distribution
- AMT
- 4.45
- Max
- 2.63
- Q3
- 1.55
- Median
- 1.04
- Q1
- 0.75
- Min
- 0.19
Largest peers
- SPG
- 4.57
- AMT
- 4.45
- EQIX
- 1.63
- DLR
- 0.77
- O
- 0.73
- PLD
- 0.61
- WELL
- 0.44
Financial Strength at a Glance
| Metric | Current stock: AMT | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 0.30 | 1.04 |
| Debt-to-Equity Ratio (MRQ) | 4.45 | 1.04 |
| Net Debt / EBITDA | 6.23 | 5.99 |
Dividends
Dividend Yield (TTM)
American Tower (AMT) has dividend yield of 3.73%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.
AMT
Equity Real Estate Investment Trusts (REITs) industry group
3.73%
Group distribution
- Max
- 8.05%
- Q3
- 5.81%
- Median
- 4.33%
- AMT
- 3.73%
- Q1
- 3.39%
- Min
- 0.00%
Largest peers
- O
- 5.18%
- SPG
- 4.02%
- AMT
- 3.73%
- PLD
- 2.88%
- DLR
- 2.65%
- EQIX
- 1.87%
- WELL
- 1.38%
Dividend Payout Ratio (TTM)
payout ratio is not assessed for American Tower (AMT) in Equity Real Estate Investment Trusts (REITs): distributions in this industry are better read against FFO or cash-flow measures than accounting earnings.
Dividends at a Glance
| Metric | Current stock: AMT | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 3.73% | 4.33% |
| Dividend Payout Ratio (TTM) | -- | -- |