{ "ticker": "AMT", "cik": "0001053507", "company": "American Tower Corporation", "business_type": "reit", "schema_template": "REIT (communications infrastructure): GAAP property and services revenue, operating income, net income attributable to common stockholders and diluted EPS; balance sheet with total debt (current portion plus long-term obligations); operating cash flow, capital expenditures and free cash flow; distributions declared per share; and the company's REIT operating measures (Adjusted EBITDA, Nareit FFO and AFFO attributable to common stockholders).", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual US dollars (not millions); per-share amounts in dollars per share; share counts in actual shares. Each figure carries the sign the statement prints: amounts the statement shows in parentheses (deductions, expenses below operating income, and cash outflows) are negative.", "units_notes_seen": { "FY2025 10-K consolidated balance sheets": "(in millions, except share count and per share data); equity caption: EQUITY (shares in thousands)", "FY2025 10-K consolidated statements of operations": "(in millions, except share and per share data); WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in thousands)", "FY2025 10-K consolidated statements of cash flow": "(in millions)", "FY2025 10-K MD&A Adjusted EBITDA / Nareit FFO / AFFO reconciliation": "amounts in millions (dollar amounts in the MD&A tables are in millions)", "FY2025 10-K note on distributions": "(per share data reflects actual amounts); tabular amounts in millions", "Q3 2026 10-Q consolidated balance sheets": "(in millions, except share count and per share data); equity caption: EQUITY (shares in thousands)", "Q3 2026 10-Q consolidated statements of operations": "(in millions, except share and per share data); WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in thousands)", "Q3 2026 10-Q condensed consolidated statements of cash flows": "(in millions); nine-month columns only", "Q3 2026 10-Q MD&A Adjusted EBITDA / Nareit FFO / AFFO reconciliation": "amounts in millions (dollar amounts in the MD&A tables are in millions)", "Q3 2026 10-Q note on distributions": "(tabular amounts in millions, unless otherwise noted); (per share data reflects actual amounts)", "Q3 2026 earnings release AFFO per share reconciliation": "($ in millions, except share and per share data, totals may not add due to rounding.)", "Q2 2026 earnings release condensed consolidated statements of cash flows": "(In millions); six-month columns only", "Q4 2025 earnings release operating results overview": "($ in millions, except per share amounts.)" }, "adjustments": { "splits_applied": [], "adr_ratio": null, "fx": "none: American Tower reports in US dollars" }, "annual": [ { "fiscal_year": 2025, "label": "FY2025", "period_start": "2025-01-01", "period_end": "2025-12-31", "period_type": "fiscal year", "source_accession": "0001053507-26-000035", "income_statement": { "property_revenue": 10305000000, "services_revenue": 339600000, "total_revenue": 10644600000, "property_costs_of_operations": 2574100000, "services_costs_of_operations": 174000000, "depreciation_amortization_and_accretion": 2041600000, "selling_general_administrative_and_development_expense": 940700000, "other_operating_expense": 68400000, "goodwill_impairment": 0, "total_operating_expenses": 5798800000, "operating_income": 4845800000, "interest_income": 134000000, "interest_expense": -1359400000, "loss_on_retirement_of_long_term_obligations": 0, "other_income_expense": -576200000, "total_other_income_expense": -1801600000, "income_from_continuing_operations_before_income_taxes": 3044200000, "income_tax_provision": -415700000, "net_income_from_continuing_operations": 2628500000, "loss_from_discontinued_operations_net_of_taxes": 0, "net_income": 2628500000, "net_income_attributable_to_common_stockholders": 2529500000, "net_income_from_continuing_operations_attributable_to_common_stockholders": 2529500000, "basic_eps": 5.41, "diluted_eps_continuing_operations": 5.4, "diluted_eps": 5.4, "basic_weighted_average_shares": 467922000, "diluted_weighted_average_shares": 468757000, "net_income_attributable_to_noncontrolling_interests": 99000000 }, "balance_sheet": { "cash_and_cash_equivalents": 1474800000, "restricted_cash": 130400000, "accounts_receivable_net": 650300000, "total_current_assets": 2741800000, "property_and_equipment_net": 20356300000, "goodwill": 12255500000, "other_intangible_assets_net": 14530700000, "deferred_rent_asset": 3851300000, "right_of_use_asset": 8426500000, "total_assets": 63190400000, "distributions_payable": 818600000, "current_portion_of_operating_lease_liability": 584900000, "current_portion_of_long_term_obligations": 3387800000, "total_current_liabilities": 6913800000, "long_term_obligations": 33832500000, "operating_lease_liability": 7158700000, "total_liabilities": 52835100000, "total_american_tower_corporation_equity": 3652500000, "noncontrolling_interests": 6702800000, "total_equity": 10355300000, "common_shares_outstanding": 466318000, "total_debt": 37220300000 }, "cash_flow": { "operating_cash_flow": 5464000000, "capex": -1680400000, "payments_for_acquisitions_net_of_cash_acquired": -454200000, "investing_cash_flow": -1859800000, "purchases_of_common_stock": -364600000, "distributions_paid_on_common_stock": -3157200000, "financing_cash_flow": -4208500000, "free_cash_flow": 3783600000 }, "distributions": { "distributions_declared_per_share": 6.8, "aggregate_distributions_declared": 3180800000 }, "non_gaap_measures": { "adjusted_ebitda": 7130000000, "nareit_ffo_attributable_to_common_stockholders": 4160900000, "affo_attributable_to_common_stockholders": 5041600000 }, "earnings_release_measures": { "affo_per_share": 10.76, "note": "AFFO attributable to common stockholders per share for FY2025 as printed in the Q4 and full-year 2025 earnings release furnished on Form 8-K." }, "earnings_release_measures_source_accession": "0001053507-26-000032" }, { "fiscal_year": 2024, "label": "FY2024", "period_start": "2024-01-01", "period_end": "2024-12-31", "period_type": "fiscal year", "source_accession": "0001053507-26-000035", "income_statement": { "property_revenue": 9933500000, "services_revenue": 193700000, "total_revenue": 10127200000, "property_costs_of_operations": 2481800000, "services_costs_of_operations": 92600000, "depreciation_amortization_and_accretion": 2028800000, "selling_general_administrative_and_development_expense": 933400000, "other_operating_expense": 74100000, "goodwill_impairment": 0, "total_operating_expenses": 5610700000, "operating_income": 4516500000, "interest_income": 135200000, "interest_expense": -1404500000, "loss_on_retirement_of_long_term_obligations": 0, "other_income_expense": 377600000, "total_other_income_expense": -891700000, "income_from_continuing_operations_before_income_taxes": 3624800000, "income_tax_provision": -366300000, "net_income_from_continuing_operations": 3258500000, "loss_from_discontinued_operations_net_of_taxes": -978300000, "net_income": 2280200000, "net_income_attributable_to_common_stockholders": 2255000000, "net_income_from_continuing_operations_attributable_to_common_stockholders": 3233300000, "basic_eps": 4.83, "diluted_eps_continuing_operations": 6.91, "diluted_eps": 4.82, "basic_weighted_average_shares": 467011000, "diluted_weighted_average_shares": 468120000, "net_income_attributable_to_noncontrolling_interests": 25200000 }, "balance_sheet": { "cash_and_cash_equivalents": 1999600000, "restricted_cash": 108600000, "accounts_receivable_net": 540000000, "total_current_assets": 3178800000, "property_and_equipment_net": 19056800000, "goodwill": 11768100000, "other_intangible_assets_net": 14474300000, "deferred_rent_asset": 3710200000, "right_of_use_asset": 8089600000, "total_assets": 61077400000, "distributions_payable": 780300000, "current_portion_of_operating_lease_liability": 576700000, "current_portion_of_long_term_obligations": 3693000000, "total_current_liabilities": 7075600000, "long_term_obligations": 32808800000, "operating_lease_liability": 6875600000, "total_liabilities": 51428700000, "total_american_tower_corporation_equity": 3382200000, "noncontrolling_interests": 6266500000, "total_equity": 9648700000, "common_shares_outstanding": 467384000, "total_debt": 36501800000 }, "cash_flow": { "operating_cash_flow": 5290500000, "capex": -1590000000, "payments_for_acquisitions_net_of_cash_acquired": -123000000, "investing_cash_flow": 410600000, "purchases_of_common_stock": 0, "distributions_paid_on_common_stock": -3074900000, "financing_cash_flow": -5452400000, "free_cash_flow": 3700500000 }, "distributions": { "distributions_declared_per_share": 6.48, "aggregate_distributions_declared": 3027300000 }, "non_gaap_measures": { "adjusted_ebitda": 6812100000, "nareit_ffo_attributable_to_common_stockholders": 5233200000, "affo_attributable_to_common_stockholders": 4934100000 } }, { "fiscal_year": 2023, "label": "FY2023", "period_start": "2023-01-01", "period_end": "2023-12-31", "period_type": "fiscal year", "source_accession": "0001053507-26-000035", "income_statement": { "property_revenue": 9869200000, "services_revenue": 143000000, "total_revenue": 10012200000, "property_costs_of_operations": 2501400000, "services_costs_of_operations": 60100000, "depreciation_amortization_and_accretion": 2928500000, "selling_general_administrative_and_development_expense": 946000000, "other_operating_expense": 370700000, "goodwill_impairment": 80000000, "total_operating_expenses": 6886700000, "operating_income": 3125500000, "interest_income": 118600000, "interest_expense": -1388200000, "loss_on_retirement_of_long_term_obligations": -300000, "other_income_expense": -326300000, "total_other_income_expense": -1596200000, "income_from_continuing_operations_before_income_taxes": 1529300000, "income_tax_provision": -90800000, "net_income_from_continuing_operations": 1438500000, "loss_from_discontinued_operations_net_of_taxes": -71400000, "net_income": 1367100000, "net_income_attributable_to_common_stockholders": 1483300000, "net_income_from_continuing_operations_attributable_to_common_stockholders": 1554700000, "basic_eps": 3.18, "diluted_eps_continuing_operations": 3.33, "diluted_eps": 3.18, "basic_weighted_average_shares": 466063000, "diluted_weighted_average_shares": 467162000, "net_income_attributable_to_noncontrolling_interests": -116200000 }, "cash_flow": { "operating_cash_flow": 4722400000, "capex": -1798100000, "payments_for_acquisitions_net_of_cash_acquired": -168000000, "investing_cash_flow": -1695500000, "purchases_of_common_stock": 0, "distributions_paid_on_common_stock": -2949300000, "financing_cash_flow": -3097400000, "free_cash_flow": 2924300000 }, "distributions": { "distributions_declared_per_share": 6.45, "aggregate_distributions_declared": 3006700000 } } ], "quarterly": [ { "fiscal_year": 2026, "fiscal_quarter": 3, "label": "Q3 FY2026", "period_start": "2026-07-01", "period_end": "2026-09-30", "period_type": "three months", "source_accession": "0001053507-26-000157", "income_statement": { "property_revenue": 2734000000, "services_revenue": 51400000, "total_revenue": 2785400000, "property_costs_of_operations": 724900000, "services_costs_of_operations": 32000000, "depreciation_amortization_and_accretion": 519400000, "selling_general_administrative_and_development_expense": 228200000, "other_operating_expense": 11900000, "total_operating_expenses": 1516400000, "operating_income": 1269000000, "interest_income": 47700000, "interest_expense": -366100000, "loss_on_retirement_of_long_term_obligations": 0, "other_income_expense": -52200000, "total_other_income_expense": -370600000, "income_from_continuing_operations_before_income_taxes": 898400000, "income_tax_provision": -117600000, "net_income": 780800000, "net_income_attributable_to_common_stockholders": 765800000, "basic_eps": 1.65, "diluted_eps": 1.64, "basic_weighted_average_shares": 465323000, "diluted_weighted_average_shares": 465758000, "net_income_attributable_to_noncontrolling_interests": 15000000 }, "balance_sheet": { "cash_and_cash_equivalents": 1871900000, "restricted_cash": 135400000, "accounts_receivable_net": 622200000, "total_current_assets": 3150300000, "property_and_equipment_net": 20739300000, "goodwill": 12128400000, "other_intangible_assets_net": 13712600000, "deferred_rent_asset": 3743700000, "right_of_use_asset": 8360200000, "total_assets": 62980300000, "distributions_payable": 839000000, "current_portion_of_operating_lease_liability": 648200000, "current_portion_of_long_term_obligations": 5363500000, "total_current_liabilities": 8934600000, "long_term_obligations": 32215200000, "operating_lease_liability": 7067300000, "total_liabilities": 53214700000, "total_american_tower_corporation_equity": 3516600000, "noncontrolling_interests": 6249000000, "total_equity": 9765600000, "common_shares_outstanding": 464172000, "total_debt": 37578700000 }, "cash_flow": { "operating_cash_flow": 1392800000, "capex": -397400000, "free_cash_flow": 995400000 }, "distributions": { "distributions_declared_per_share": 1.79, "aggregate_distributions_declared": 831000000 }, "non_gaap_measures": { "adjusted_ebitda": 1831800000, "nareit_ffo_attributable_to_common_stockholders": 1164700000, "affo_attributable_to_common_stockholders": 1335000000 }, "earnings_release_measures": { "affo_per_share": 2.87 }, "earnings_release_measures_source_accession": "0001053507-26-000154", "cash_flow_source_accession": "0001053507-26-000157", "cash_flow_derivation": "Derived, not printed: the 10-Q (accession 0001053507-26-000157) prints cash flows for nine months only, so the three-month figures are the nine-month column less the six-month column printed in the Q2 2026 earnings release (Form 8-K, accession 0001053507-26-000131). Free cash flow is operating cash flow less payments for purchase of property and equipment and construction activities.", "balance_sheet_note": "Balance sheet as of September 30, 2026. Total debt is the current portion of long-term obligations plus long-term obligations, as printed on the balance sheet." }, { "fiscal_year": 2025, "fiscal_quarter": 3, "label": "Q3 FY2025", "period_start": "2025-07-01", "period_end": "2025-09-30", "period_type": "three months", "source_accession": "0001053507-26-000157", "income_statement": { "property_revenue": 2616300000, "services_revenue": 101100000, "total_revenue": 2717400000, "property_costs_of_operations": 657000000, "services_costs_of_operations": 53800000, "depreciation_amortization_and_accretion": 522900000, "selling_general_administrative_and_development_expense": 233000000, "other_operating_expense": 17400000, "total_operating_expenses": 1484100000, "operating_income": 1233300000, "interest_income": 36100000, "interest_expense": -347100000, "loss_on_retirement_of_long_term_obligations": 0, "other_income_expense": 27700000, "total_other_income_expense": -283300000, "income_from_continuing_operations_before_income_taxes": 950000000, "income_tax_provision": -37400000, "net_income": 912600000, "net_income_attributable_to_common_stockholders": 853300000, "basic_eps": 1.82, "diluted_eps": 1.82, "basic_weighted_average_shares": 468287000, "diluted_weighted_average_shares": 469039000, "net_income_attributable_to_noncontrolling_interests": 59300000 }, "cash_flow": { "operating_cash_flow": 1460000000, "capex": -465500000, "free_cash_flow": 994500000 }, "distributions": { "distributions_declared_per_share": 1.7, "aggregate_distributions_declared": 796100000 }, "non_gaap_measures": { "adjusted_ebitda": 1815500000, "nareit_ffo_attributable_to_common_stockholders": 1262100000, "affo_attributable_to_common_stockholders": 1303100000 }, "earnings_release_measures": { "affo_per_share": 2.78 }, "earnings_release_measures_source_accession": "0001053507-26-000154", "cash_flow_source_accession": "0001053507-26-000157", "cash_flow_derivation": "Derived, not printed: the 10-Q (accession 0001053507-26-000157) prints cash flows for nine months only, so the three-month figures are the nine-month column less the six-month column printed in the Q2 2026 earnings release (Form 8-K, accession 0001053507-26-000131). Free cash flow is operating cash flow less payments for purchase of property and equipment and construction activities." } ], "year_to_date": { "label": "Nine months ended September 30, 2026", "period_start": "2026-01-01", "period_end": "2026-09-30", "period_type": "nine months", "source_accession": "0001053507-26-000157", "income_statement": { "property_revenue": 8091700000, "services_revenue": 180300000, "total_revenue": 8272000000, "property_costs_of_operations": 2097600000, "services_costs_of_operations": 103900000, "depreciation_amortization_and_accretion": 1552000000, "selling_general_administrative_and_development_expense": 719400000, "other_operating_expense": 22100000, "total_operating_expenses": 4495000000, "operating_income": 3777000000, "interest_income": 128100000, "interest_expense": -1067900000, "loss_on_retirement_of_long_term_obligations": -3200000, "other_income_expense": 91800000, "total_other_income_expense": -851200000, "income_from_continuing_operations_before_income_taxes": 2925800000, "income_tax_provision": -379000000, "net_income": 2546800000, "net_income_attributable_to_common_stockholders": 2492800000, "basic_eps": 5.35, "diluted_eps": 5.35, "basic_weighted_average_shares": 465817000, "diluted_weighted_average_shares": 466327000, "net_income_attributable_to_noncontrolling_interests": 54000000 }, "cash_flow": { "operating_cash_flow": 4280200000, "capex": -1167800000, "payments_for_acquisitions_net_of_cash_acquired": -263100000, "investing_cash_flow": -1366900000, "purchases_of_common_stock": -503000000, "distributions_paid_on_common_stock": -2475600000, "financing_cash_flow": -2533800000, "free_cash_flow": 3112400000 }, "distributions": { "distributions_declared_per_share": 5.37, "aggregate_distributions_declared": 2499000000 }, "non_gaap_measures": { "adjusted_ebitda": 5475200000, "nareit_ffo_attributable_to_common_stockholders": 3692900000, "affo_attributable_to_common_stockholders": 3923200000 }, "prior_year_comparative": { "label": "Nine months ended September 30, 2025", "period_start": "2025-01-01", "period_end": "2025-09-30", "period_type": "nine months", "source_accession": "0001053507-26-000157", "income_statement": { "property_revenue": 7631900000, "services_revenue": 275200000, "total_revenue": 7907100000, "property_costs_of_operations": 1897200000, "services_costs_of_operations": 136800000, "depreciation_amortization_and_accretion": 1525700000, "selling_general_administrative_and_development_expense": 704200000, "other_operating_expense": -41900000, "total_operating_expenses": 4222000000, "operating_income": 3685100000, "interest_income": 93600000, "interest_expense": -1015000000, "loss_on_retirement_of_long_term_obligations": 0, "other_income_expense": -684400000, "total_other_income_expense": -1605800000, "income_from_continuing_operations_before_income_taxes": 2079300000, "income_tax_provision": -287600000, "net_income": 1791700000, "net_income_attributable_to_common_stockholders": 1708800000, "basic_eps": 3.65, "diluted_eps": 3.64, "basic_weighted_average_shares": 468036000, "diluted_weighted_average_shares": 468856000, "net_income_attributable_to_noncontrolling_interests": 82900000 }, "cash_flow": { "operating_cash_flow": 4036500000, "capex": -1101200000, "payments_for_acquisitions_net_of_cash_acquired": -420200000, "investing_cash_flow": -1391700000, "purchases_of_common_stock": 0, "distributions_paid_on_common_stock": -2361000000, "financing_cash_flow": -2764700000, "free_cash_flow": 2935300000 }, "distributions": { "distributions_declared_per_share": 5.1, "aggregate_distributions_declared": 2387900000 }, "non_gaap_measures": { "adjusted_ebitda": 5311500000, "nareit_ffo_attributable_to_common_stockholders": 2842800000, "affo_attributable_to_common_stockholders": 3811600000 }, "distributions_note": "Sum of the three distributions declared in the period (March 6, May 15 and September 18, 2025, at $1.70 per share each), as listed in the 10-Q's distributions note." }, "distributions_note": "Sum of the three distributions declared in the period (March 5, May 21 and September 17, 2026, at $1.79 per share each), as listed in the 10-Q's distributions note." }, "trailing_twelve_months": { "label": "Twelve months ended September 30, 2026", "period_start": "2025-10-01", "period_end": "2026-09-30", "period_type": "trailing twelve months", "source_accession": "0001053507-26-000157", "income_statement": { "total_revenue": 11009500000, "operating_income": 4937700000, "net_income": 3383600000, "net_income_attributable_to_common_stockholders": 3313500000 }, "cash_flow": { "operating_cash_flow": 5707700000, "capex": -1747000000, "free_cash_flow": 3960700000 }, "non_gaap_measures": { "adjusted_ebitda": 7293700000, "nareit_ffo_attributable_to_common_stockholders": 5011000000, "affo_attributable_to_common_stockholders": 5153200000 }, "derivation": "FY2025 (10-K, accession 0001053507-26-000035) plus the nine months ended September 30, 2026, less the nine months ended September 30, 2025 (both from the Q3 2026 10-Q, accession 0001053507-26-000157)." }, "notes": [ "Template: REIT. American Tower is a real estate investment trust that leases space on communications towers and in data centers, so the record carries GAAP property and services revenue, operating income, net income and diluted EPS alongside the REIT operating measures the company reports: Adjusted EBITDA, Nareit FFO and AFFO attributable to common stockholders. Those three are non-GAAP measures defined by the company and taken from the MD&A reconciliation tables of the FY2025 10-K and the Q3 2026 10-Q.", "Periods: the FY2025 10-K (accession 0001053507-26-000035) prints fiscal years 2025, 2024 and 2023 on its statements of operations and cash flows and balance sheets at December 31, 2025 and 2024, so FY2023 carries no balance sheet. The Q3 2026 10-Q (accession 0001053507-26-000157) prints the three months ended September 30, 2026 and 2025, the nine months ended on those dates, and a balance sheet at September 30, 2026; the nine-month views are in year_to_date. Its December 31, 2025 balance-sheet column agrees with the 10-K line for line.", "Sign convention: each figure carries the sign the statement prints. Interest expense, income tax provision, losses and cash outflows (capital expenditures, acquisitions, distributions paid, share repurchases) are negative. Net income attributable to noncontrolling interests is stated as the noncontrolling holders' share of net income (positive when they shared in income, negative in 2023 when they shared in a loss).", "Discontinued operations: American Tower sold its India business (ATC TIPL) in 2024 and reports it as discontinued operations. Fiscal 2024 and 2023 net income include losses from discontinued operations of $978.3 million and $71.4 million; revenue, operating income and Adjusted EBITDA for those years exclude India. The cash flow statement, and FY2024 Nareit FFO and AFFO, include the discontinued operations (FY2024 AFFO of $4,934.1 million includes $365.2 million from discontinued operations; $4,568.9 million came from continuing operations).", "Diluted EPS is net income attributable to American Tower Corporation common stockholders divided by diluted weighted average shares, as printed. FY2024 diluted EPS from continuing operations was $6.91 against $4.82 in total, the difference being the India discontinued-operations loss.", "Total debt is the current portion of long-term obligations plus long-term obligations as printed on the balance sheet; the company's long-term obligations include finance lease obligations. At September 30, 2026 this is $37,578.7 million, which matches the $37,579 million total debt in the company's Q3 2026 earnings release leverage table.", "Free cash flow here is cash provided by operating activities less payments for purchase of property and equipment and construction activities. The company's own non-GAAP Free Cash Flow also deducts finance lease and perpetual land easement payments that it reports in financing activities, so it is somewhat lower (for Q3 2026 the earnings release reports $986 million against $995.4 million here).", "Quarterly cash flows: the 10-Q prints its cash flow statement for nine months only. The three-month operating cash flow, capital expenditures and free cash flow for Q3 2026 and Q3 2025 are derived by subtracting the six-month figures printed in the Q2 2026 earnings release (Form 8-K, accession 0001053507-26-000131) from the 10-Q's nine-month figures. The Q3 2026 result, $1,392.8 million of operating cash flow, is consistent with the $1,393 million the Q3 2026 earnings release (accession 0001053507-26-000154) reports for the quarter.", "AFFO per share is not printed in the 10-K or 10-Q. The quarterly values ($2.87 for Q3 2026, $2.78 for Q3 2025) come from the Q3 2026 earnings release (accession 0001053507-26-000154) and the FY2025 value ($10.76) from the Q4 and full-year 2025 earnings release (accession 0001053507-26-000032); they are recorded under earnings_release_measures with those accessions.", "Distributions declared per share are the regular common stock distributions declared in each period: $6.80 in 2025, $6.48 in 2024 and $6.45 in 2023 per the 10-K, and $1.79 (Q3 2026) against $1.70 (Q3 2025) per the 10-Q. The nine-month totals ($5.37 and $5.10) are sums of the three declarations in each period.", "Trailing twelve months to September 30, 2026 is derived as FY2025 plus the nine months ended September 30, 2026 less the nine months ended September 30, 2025. No per-share figure is given for it, because the filings print no twelve-month share count for that period.", "Splits and ADR: no stock split affects these periods, and American Tower common stock trades directly on the NYSE (not as an ADR), so no per-share adjustment applies. All figures are in US dollars as reported.", "Q3 2026 net income attributable to common stockholders fell to $765.8 million from $853.3 million despite higher operating income ($1,269.0 million against $1,233.3 million). The 10-Q shows other expense of $52.2 million against other income of $27.7 million a year earlier and an income tax provision of $117.6 million against $37.4 million." ], "uncertainties": [ "The three-month cash flow figures for Q3 2026 and Q3 2025 are derived by differencing, not printed in any filing. The six-month figures subtracted are those printed in the Q2 2026 earnings release; they agree with the six-month values in the SEC's XBRL company facts for the Q2 2026 10-Q (accession 0001053507-26-000133), but that 10-Q's statements were not among the filings read for this record.", "Adjusted EBITDA, Nareit FFO, AFFO and AFFO per share are company-defined non-GAAP measures and are not comparable across companies. The trailing-twelve-month values for them are derived by the same arithmetic as the GAAP figures, not reported by the company." ], "headline": { "period": "Q3 FY2026", "period_end_words": "September 30, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 2785400000, "text": "$2.79 billion", "exact": "$2,785,400,000", "compact": "$2.79B", "abs": "$2.79 billion", "prior_value": 2717400000, "prior": "$2.72 billion", "priorabs": "$2.72 billion", "yoy": "up 2.5%", "source": { "array": "quarterly", "field": "income_statement.total_revenue", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001053507-26-000157", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001053507-26-000157", "gap_days": 365 } }, { "label": "Net income attributable to common stockholders", "format": "usd", "value": 765800000, "text": "$765.8 million", "exact": "$765,800,000", "compact": "$765.80M", "abs": "$765.8 million", "prior_value": 853300000, "prior": "$853.3 million", "priorabs": "$853.3 million", "yoy": "down 10.3%", "source": { "array": "quarterly", "field": "income_statement.net_income_attributable_to_common_stockholders", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001053507-26-000157", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001053507-26-000157", "gap_days": 365 } }, { "label": "Diluted EPS", "format": "eps", "value": 1.64, "text": "$1.64", "exact": "$1.64", "compact": "$1.64", "abs": "$1.64", "prior_value": 1.82, "prior": "$1.82", "priorabs": "$1.82", "yoy": "down 9.9%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001053507-26-000157", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001053507-26-000157", "gap_days": 365 } }, { "label": "AFFO per share", "format": "eps", "value": 2.87, "text": "$2.87", "exact": "$2.87", "compact": "$2.87", "abs": "$2.87", "prior_value": 2.78, "prior": "$2.78", "priorabs": "$2.78", "yoy": "up 3.2%", "source": { "array": "quarterly", "field": "earnings_release_measures.affo_per_share", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-09-30", "period_start": "2026-07-01", "span_days": 91, "source_accession": "0001053507-26-000154", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-09-30", "prior_period_start": "2025-07-01", "prior_span_days": 91, "prior_source_accession": "0001053507-26-000154", "gap_days": 365 } } ], "summary": "American Tower reported $2.79 billion in revenue for Q3 FY2026, the quarter ended September 30, 2026, up 2.5% from a year earlier; property revenue grew in every segment except U.S. & Canada, where the loss of DISH as a tenant and lower straight-line revenue pushed it down. Net income attributable to common stockholders was $765.8 million, or $1.64 per diluted share, down 10.3% from a year earlier, mainly because of unrealized losses on U.S. equity securities and a higher tax provision. Adjusted funds from operations (AFFO), the non-GAAP measure the company uses to track its per-share growth, was $2.87 per share, up 3.2% from a year earlier.", "qa": [ { "q": "How much revenue did American Tower report in Q3 FY2026?", "a": "American Tower reported $2.79 billion in total revenue for Q3 FY2026, the quarter ended September 30, 2026. That is up 2.5% from $2.72 billion in the same quarter a year earlier." }, { "q": "What was American Tower's net income in Q3 FY2026?", "a": "American Tower's net income attributable to common stockholders was $765.8 million for Q3 FY2026, the quarter ended September 30, 2026, down 10.3% from $853.3 million a year earlier. The decline came mainly from unrealized losses on U.S. equity securities and a higher tax provision, partly offset by lower income attributable to noncontrolling interests and higher segment operating profit." }, { "q": "What was American Tower's earnings per share in Q3 FY2026?", "a": "American Tower earned $1.64 per diluted share in Q3 FY2026, the quarter ended September 30, 2026, compared with $1.82 in the same quarter a year earlier." }, { "q": "What was American Tower's AFFO per share in Q3 FY2026?", "a": "American Tower reported adjusted funds from operations (AFFO) of $2.87 per share for Q3 FY2026, the quarter ended September 30, 2026, up 3.2% from $2.78 a year earlier. AFFO is a non-GAAP measure." } ] }, "company_details": { "Name": "American Tower Corp /Ma/", "Ticker": "AMT", "CIK": "0001053507", "Exchange": "NYSE", "State": "Massachusetts", "Incorporation": "Delaware", "SIC": "6798", "Office": "Real Estate & Construction", "Industry": "Real Estate Investment Trusts" }, "next_filing": { "predicted_date": "2027-02-23", "predicted_type": "10-K" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-09-30", "form": "10-Q", "accession": "0001053507-26-000157", "fiscal_year_end": "1231", "source": "facts" }, "source_filings": [ { "role": "annual", "current": false, "form": "10-K", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-12-31", "filed": "2026-02-24", "accession": "0001053507-26-000035", "url": "https://www.sec.gov/Archives/edgar/data/1053507/000105350726000035/amt-20251231.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "10-Q", "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-09-30", "filed": "2026-10-27", "accession": "0001053507-26-000157", "url": "https://www.sec.gov/Archives/edgar/data/1053507/000105350726000157/amt-20260930.htm", "source": "facts" } ], "figure_sources": { "about": "Where each figure in this file is printed in its SEC filing. This block mirrors the paths of the figures: figure_sources.annual[0].income_statement.net_income is the source of annual[0].income_statement.net_income. Each entry reads '#', and the link is documents[] + '#': it opens the filing at the line that prints that number. A figure with no entry is not printed in a tagged filing, either because it was calculated (margins, free cash flow, trailing twelve months, a quarter derived by subtraction) or because it comes from an untagged earnings release.", "documents": { "d1": "https://www.sec.gov/Archives/edgar/data/1053507/000105350726000035/amt-20251231.htm", "d2": "https://www.sec.gov/Archives/edgar/data/1053507/000105350726000157/amt-20260930.htm" }, "annual": [ { "period_end": "2025-12-31", "income_statement": { "property_revenue": "d1#f-189", "services_revenue": "d1#f-192", "total_revenue": "d1#f-195", "property_costs_of_operations": "d1#f-198", "services_costs_of_operations": "d1#f-201", "depreciation_amortization_and_accretion": "d1#f-204", "selling_general_administrative_and_development_expense": "d1#f-207", "other_operating_expense": "d1#f-210", "total_operating_expenses": "d1#f-215", "operating_income": "d1#f-218", "interest_income": "d1#f-221", "interest_expense": "d1#f-224", "other_income_expense": "d1#f-233", "total_other_income_expense": "d1#f-236", "income_from_continuing_operations_before_income_taxes": "d1#f-239", "income_tax_provision": "d1#f-242", "net_income_from_continuing_operations": "d1#f-245", "net_income": "d1#f-251", "net_income_attributable_to_common_stockholders": "d1#f-257", "net_income_from_continuing_operations_attributable_to_common_stockholders": "d1#f-263", "basic_eps": "d1#f-281", "diluted_eps_continuing_operations": "d1#f-284", "diluted_eps": "d1#f-290", "basic_weighted_average_shares": "d1#f-293", "diluted_weighted_average_shares": "d1#f-296", "net_income_attributable_to_noncontrolling_interests": "d1#f-254" }, "balance_sheet": { "cash_and_cash_equivalents": "d1#f-105", "restricted_cash": "d1#f-107", "accounts_receivable_net": "d1#f-109", "total_current_assets": "d1#f-113", "property_and_equipment_net": "d1#f-115", "goodwill": "d1#f-117", "other_intangible_assets_net": "d1#f-119", "deferred_rent_asset": "d1#f-123", "right_of_use_asset": "d1#f-125", "total_assets": "d1#f-129", "distributions_payable": "d1#f-135", "current_portion_of_operating_lease_liability": "d1#f-139", "current_portion_of_long_term_obligations": "d1#f-1294", "total_current_liabilities": "d1#f-145", "long_term_obligations": "d1#f-147", "operating_lease_liability": "d1#f-149", "total_liabilities": "d1#f-157", "total_american_tower_corporation_equity": "d1#f-181", "noncontrolling_interests": "d1#f-183", "total_equity": "d1#f-185", "common_shares_outstanding": "d1#f-167", "total_debt": "d1#f-1292" }, "cash_flow": { "operating_cash_flow": "d1#f-475", "capex": "d1#f-478", "payments_for_acquisitions_net_of_cash_acquired": "d1#f-481", "investing_cash_flow": "d1#f-493", "purchases_of_common_stock": "d1#f-517", "distributions_paid_on_common_stock": "d1#f-523", "financing_cash_flow": "d1#f-529" }, "distributions": { "aggregate_distributions_declared": "d1#f-2236" } }, { "period_end": "2024-12-31", "income_statement": { "property_revenue": 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"d1#f-285", "diluted_eps": "d1#f-291", "basic_weighted_average_shares": "d1#f-294", "diluted_weighted_average_shares": "d1#f-297", "net_income_attributable_to_noncontrolling_interests": "d1#f-255" }, "balance_sheet": { "cash_and_cash_equivalents": "d1#f-106", "restricted_cash": "d1#f-108", "accounts_receivable_net": "d1#f-110", "total_current_assets": "d1#f-114", "property_and_equipment_net": "d1#f-116", "goodwill": "d1#f-118", "other_intangible_assets_net": "d1#f-120", "deferred_rent_asset": "d1#f-124", "right_of_use_asset": "d1#f-126", "total_assets": "d1#f-130", "distributions_payable": "d1#f-136", "current_portion_of_operating_lease_liability": "d1#f-140", "current_portion_of_long_term_obligations": "d1#f-1295", "total_current_liabilities": "d1#f-146", "long_term_obligations": "d1#f-148", "operating_lease_liability": "d1#f-150", "total_liabilities": "d1#f-158", "total_american_tower_corporation_equity": "d1#f-182", "noncontrolling_interests": "d1#f-184", "total_equity": "d1#f-186", 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"common_shares_outstanding": "d2#f-131", "total_debt": "d2#f-998" } }, { "period_end": "2025-09-30", "income_statement": { "property_revenue": "d2#f-154", "services_revenue": "d2#f-158", "total_revenue": "d2#f-162", "property_costs_of_operations": "d2#f-166", "services_costs_of_operations": "d2#f-170", "depreciation_amortization_and_accretion": "d2#f-174", "selling_general_administrative_and_development_expense": "d2#f-178", "other_operating_expense": "d2#f-182", "total_operating_expenses": "d2#f-186", "operating_income": "d2#f-190", "interest_income": "d2#f-194", "interest_expense": "d2#f-198", "other_income_expense": "d2#f-210", "total_other_income_expense": "d2#f-214", "income_from_continuing_operations_before_income_taxes": "d2#f-218", "income_tax_provision": "d2#f-222", "net_income": "d2#f-226", "net_income_attributable_to_common_stockholders": "d2#f-235", "basic_eps": "d2#f-242", "diluted_eps": "d2#f-246", "basic_weighted_average_shares": "d2#f-250", "diluted_weighted_average_shares": "d2#f-254", "net_income_attributable_to_noncontrolling_interests": "d2#f-230" } } ], "year_to_date": { "income_statement": { "property_revenue": "d2#f-155", "services_revenue": "d2#f-159", "total_revenue": "d2#f-163", "property_costs_of_operations": "d2#f-167", "services_costs_of_operations": "d2#f-171", "depreciation_amortization_and_accretion": "d2#f-175", "selling_general_administrative_and_development_expense": "d2#f-179", "other_operating_expense": "d2#f-183", "total_operating_expenses": "d2#f-187", "operating_income": "d2#f-191", "interest_income": "d2#f-195", "interest_expense": "d2#f-199", "loss_on_retirement_of_long_term_obligations": "d2#f-203", "other_income_expense": "d2#f-211", "total_other_income_expense": "d2#f-215", "income_from_continuing_operations_before_income_taxes": "d2#f-219", "income_tax_provision": "d2#f-223", "net_income": "d2#f-227", "net_income_attributable_to_common_stockholders": "d2#f-237", "basic_eps": "d2#f-243", "diluted_eps": "d2#f-247", "basic_weighted_average_shares": "d2#f-251", "diluted_weighted_average_shares": "d2#f-255", "net_income_attributable_to_noncontrolling_interests": "d2#f-231" }, "cash_flow": { "operating_cash_flow": "d2#f-305", "capex": "d2#f-307", "payments_for_acquisitions_net_of_cash_acquired": "d2#f-309", "investing_cash_flow": "d2#f-315", "purchases_of_common_stock": "d2#f-329", "distributions_paid_on_common_stock": "d2#f-333", "financing_cash_flow": "d2#f-339" }, "prior_year_comparative": { "income_statement": { "property_revenue": "d2#f-156", "services_revenue": "d2#f-160", "total_revenue": "d2#f-164", "property_costs_of_operations": "d2#f-168", "services_costs_of_operations": "d2#f-172", "depreciation_amortization_and_accretion": "d2#f-176", "selling_general_administrative_and_development_expense": "d2#f-180", "other_operating_expense": "d2#f-184", "total_operating_expenses": "d2#f-188", "operating_income": "d2#f-192", "interest_income": "d2#f-196", "interest_expense": "d2#f-200", "other_income_expense": "d2#f-212", "total_other_income_expense": "d2#f-216", "income_from_continuing_operations_before_income_taxes": "d2#f-220", "income_tax_provision": "d2#f-224", "net_income": "d2#f-228", "net_income_attributable_to_common_stockholders": "d2#f-239", "basic_eps": "d2#f-244", "diluted_eps": "d2#f-248", "basic_weighted_average_shares": "d2#f-252", "diluted_weighted_average_shares": "d2#f-256", "net_income_attributable_to_noncontrolling_interests": "d2#f-232" }, "cash_flow": { "operating_cash_flow": "d2#f-306", "capex": "d2#f-308", "payments_for_acquisitions_net_of_cash_acquired": "d2#f-310", "investing_cash_flow": "d2#f-316", "distributions_paid_on_common_stock": "d2#f-334", "financing_cash_flow": "d2#f-340" } } } } }