American Tower's growth appears to be decelerating meaningfully, with quarterly revenue growth falling from 7.7% in 2025Q3 to just 2.5% in 2026Q3 as carrier consolidation churn increasingly offsets organic tenant additions across its 219,000-site portfolio.
Price trend, volume and key moving averages
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Revenue growth decelerated to 2.5% in 2026Q3 from 7.7% a year prior while NOI margin drifted from a 75.2% peak in 2025Q1 to 72.8%, suggesting ground lease expense inflation and international FX translation are eroding tower operating leverage even as NOI holds near $2.0B quarterly.
American Tower operates over 224,000 sites worldwide, providing essential infrastructure for wireless carriers. Long‑term leases with multiple clients generate stable, predictable recurring revenue.
The growing data consumption and 5G deployment drive demand for tower capacity. The CoreSite acquisition is expected to boost revenue through enterprise cloud migration and rising AI workloads.
Year‑over‑year growth has been observed, with revenue projected to grow at a 4% compound annual growth rate over the next three years. Strong cash generation supports dividend distribution.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 27, 2026 | $1.64+0.0% vs $1.64 | $2.8B+0.9% vs $2.8B |
Q3 2026 Jul 28, 2026 | $1.86+18.5% vs $1.57 | $2.7B+1.8% vs $2.7B |
Q2 2026 Apr 28, 2026 | $1.84+15.0% vs $1.60 | $2.7B+3.1% vs $2.7B |
Q1 2026 Feb 24, 2026 | $1.75+18.2% vs $1.48 | $2.7B+1.9% vs $2.7B |
Chicago Partners Investment Group LLC grew its stake in American Tower Corporation (NYSE: AMT) by 60.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,414 shares of the real estate investment trust's stock after purchasing an additional 9,944 shares
A pipeline operator, a tower REIT, a chicken giant, and a healthcare conglomerate each get an equal slice of $25,000.
Toronto, Ontario--(Newsfile Corp. - November 3, 2026) - AmeriTrust Financial Technologies Inc. (TSXV: AMT) (OTCQB: AMTFF) (FSE: 1ZV) ("AmeriTrust", "AMT" or the "Company"), a fintech platform focused on automotive finance, today announced that at the request of the Company, HDCPA Professional Corporation (the "Predecessor Auditor") has resigned as auditor of the Company, effective October 28, 2026, and the board of directors (the "Board") has appointed RSM Canada LLP (the "Successor Auditor") as the new auditor of the Company effective the same date, to hold office until the next annual meeting of shareholders of the Company. The change of auditor was recommended by the Company's audit committee and approved by the Board.
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Benchmark AMT against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for American Tower Corporation (AMT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $188.79 | $87.97B | 26.72 | 5.11% | 29.89% | 32.48% | 3.56% | |
| $88.60 | $38.72B | 36.47 | -35.06% | 25.34% | — | 5.37% | |
| $189.42 | $20.09B | 20.32 | 5.06% | 34.54% | — | 2.35% | |
| $5.22 | $1.27B | 1.27 | 91.49% | 29.45% | 270.12% | — | |
| $106.52 | $31.69B | 69.69 | 12.22% | 5.88% | — | 2.9% | |
| $3.99 | $4.11B | -6.00 | -5.39% | -5.83% | -36.54% | 0.03% |
American Tower Corporation (AMT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
American Tower Corporation (AMT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 27, 2026·SEC
Jul 28, 2026·SEC
Jun 4, 2026·SEC
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American Tower Corporation (AMT) stock FAQ — growth, dividends, profitability & financials explained
American Tower Corporation (AMT) reported $11.01B in revenue over the trailing twelve months. Revenue was $10.65B in fiscal year 2025. That is 60700% more than the $17.5M of fiscal year 1997.
American Tower Corporation (AMT) grew revenue by 5.3% over the trailing twelve months, compared with the twelve months before.
Yes. American Tower Corporation (AMT) earned $3.29B in net income over the trailing twelve months (a 29.9% net margin).
Yes. American Tower Corporation (AMT) pays a dividend that yields 3.56% at the current price, a moderate yield.
American Tower Corporation (AMT) had a return on equity (ROE) of 32.5% over the trailing twelve months. That is well above the market's typical 10-15%.
American Tower Corporation (AMT) generated Funds From Operations (FFO) of $5.36B in the trailing twelve months. FFO is the primary profitability metric for REITs.
American Tower Corporation (AMT) offers a 3.56% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
