American Tower Corporation (AMT)
American Tower Corporation operates in the REIT - Specialty industry of the Real Estate sector, headquartered in Boston, MA, US. The stock last traded at $177.85, up 2.82% on the session, giving a market capitalisation of $82.87B. On trailing twelve-month figures it carries a trailing P/E of 24.43, a net margin of 30.9%. Its beta of 0.90 implies it has historically moved less than the broad market.
American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a few other industries. The Company refers to this business, inclusive of its data center business discussed below, as its property operations. Additionally, the Company offers tower-related services in the United States, which the Company refers to as its services operations. These services include site application, zoning and permitting, structural and mount analyses, and construction management services, together with program management offerings that support customer deployment needs from project scoping through construction. The Company's services operations primarily support the Company's site leasing business, including through the addition of new tenants and equipment on its sites. The Company's customers include its tenants, licensees and other payers. American Tower Corporation was incorporated in 1995 in Delaware and is based in Massachusetts, Boston.
American Tower Corporation is most often compared with the following Real Estate names: