Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement.
Across FY2007–FY2025: $5.1B in buybacks, $23.06B in dividends.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
Related accounting measures — not additional borrowing
Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
Current operating lease liabilities
USD 644,100,000
Noncurrent operating lease liabilities
USD 7,146,200,000
2 filing observations remain unmatched and are excluded from instrument histories.
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
3 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
4.000% senior unsecured notes due 2033
Note · American Tower Corporation
Reference: 4.000% senior unsecured notes due 2033
Active
Original principal
EUR 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Sep 1, 2033
Last reported interest terms:
4%
Reported 2026-05-27Later filings may not restate these terms; this does not confirm they still apply.
Covenant terms for this agreement are not yet verified.
On May 27, 2026, American Tower Corporation (the “Company”) completed a registered public offering of 750.0 million euros (“EUR”) aggregate principal amount of its 4.000% senior unsecured notes due 2033 (the “notes”), which resulted in aggregate net proceeds to the Company of approximately 742.7 million EUR (approximately $866.7 million at the EUR/U.S. dollar exchange rate of 1.00 EUR = $1.1669, as reported by Bloomberg on May 14, 2026), after deducting commissions and estimated expenses. The Company intends to use the net proceeds to repay existing indebtedness drawn under its $6.0 billion senior unsecured multicurrency revolving credit facility, as amended and restated in December 2021, as further amended, to the extent it has been drawn upon in EUR to repay 500.0 million EUR aggregate principal amount of the Company’s 1.950% senior notes due 2026, and for general corporate purposes.
Issuer evidence: On May 27, 2026, American Tower Corporation (the “Company”) completed a registered public offering of 750.0 million euros (“EUR”) aggregate principal amount of its 4.000% senior unsecured notes due 2033 (the “notes”), which resulted in aggregate net proceeds to the Company of approximately 742.7 million EUR (approximately $866.7 million at the EUR/U.S. dollar exchange rate of 1.00 EUR = $1.1669, as reported by Bloomberg on May 14, 2026), after deducting commissions and estimated expenses. The Company intends to use the net proceeds to repay existing indebtedness drawn under its $6.0 billion senior unsecured multicurrency revolving credit facility, as amended and restated in December 2021, as further amended, to the extent it has been drawn upon in EUR to repay 500.0 million EUR aggregate principal amount of the Company’s 1.950% senior notes due 2026, and for general corporate purposes.
Supporting evidence: The notes will mature on September 1, 2033 and bear interest at a rate of 4.000% per annum. Accrued and unpaid interest on the notes will be payable in EUR in arrears on September 1 of each year, beginning on September 1, 2026. Interest on the notes will accrue from May 27, 2026 and will be computed on the basis of the actual number of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the notes. The terms of the Indenture, among other things, limit (a) the Company’s ability to merge, consolidate or sell assets, and (b) the Company’s and its subsidiaries’ abilities to incur liens. These covenants are subject to a number of exceptions, including that the Company and its subsidiaries may incur liens on assets, mortgages or other liens securing indebtedness, provided the aggregate amount of indebtedness secured by such liens shall not exceed 3.5x Adjusted EBITDA as defined in the Indenture.
Supporting evidence: On May 27, 2026, American Tower Corporation (the “Company”) completed a registered public offering of 750.0 million euros (“EUR”) aggregate principal amount of its 4.000% senior unsecured notes due 2033 (the “notes”), which resulted in aggregate net proceeds to the Company of approximately 742.7 million EUR (approximately $866.7 million at the EUR/U.S. dollar exchange rate of 1.00 EUR = $1.1669, as reported by Bloomberg on May 14, 2026), after deducting commissions and estimated expenses. The Company intends to use the net proceeds to repay existing indebtedness drawn under its $6.0 billion senior unsecured multicurrency revolving credit facility, as amended and restated in December 2021, as further amended, to the extent it has been drawn upon in EUR to repay 500.0 million EUR aggregate principal amount of the Company’s 1.950% senior notes due 2026, and for general corporate purposes.
Supporting evidence: On May 27, 2026, American Tower Corporation (the “Company”) completed a registered public offering of 750.0 million euros (“EUR”) aggregate principal amount of its 4.000% senior unsecured notes due 2033 (the “notes”), which resulted in aggregate net proceeds to the Company of approximately 742.7 million EUR (approximately $866.7 million at the EUR/U.S. dollar exchange rate of 1.00 EUR = $1.1669, as reported by Bloomberg on May 14, 2026), after deducting commissions and estimated expenses. The Company intends to use the net proceeds to repay existing indebtedness drawn under its $6.0 billion senior unsecured multicurrency revolving credit facility, as amended and restated in December 2021, as further amended, to the extent it has been drawn upon in EUR to repay 500.0 million EUR aggregate principal amount of the Company’s 1.950% senior notes due 2026, and for general corporate purposes.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
10.98×
Peer median 11.30×
EV/EBIT
24.52×
Peer median 24.32×
P/E (TTM)
24.99×
Peer median 35.02×
P/FFO (TTM)
16.59×
Peer median 29.74×
P/AFFO (TTM)
16.55×
Peer median 19.30×
EV/Adj. EBITDA (TTM)
16.52×
Peer median 17.34×
Peer medians compare against the 8 similar-size REIT - Specialty companies (of 20 listed).
P/FFO and P/AFFO and EV/Adj. EBITDA use
the company-stated
“Nareit FFO attributable to AMT common stockholders” and “AFFO attributable to AMT common stockholders” and “Adjusted EBITDA”,
extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.
Valuation over time computed as of each quarter's filing date
P/FFO and P/AFFO and EV/Adj. EBITDA use
the company-stated
“Nareit FFO attributable to AMT common stockholders” and “AFFO attributable to AMT common stockholders” and “Adjusted EBITDA”,
extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
Component
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
Property US and Canada
$5,588,300,000
$5,441,800,000
$5,359,200,000
$5,247,400,000
$5,167,500,000
$4,604,900,000
$4,304,100,000
—
Property Latin America
$1,642,600,000
$1,717,900,000
$1,798,300,000
$1,691,900,000
$1,465,400,000
$1,257,400,000
$1,340,700,000
—
Property Africa APAC
$1,422,900,000
$1,208,000,000
$1,244,400,000
$1,203,800,000
—
—
—
—
Property Data Centers
$1,053,100,000
$924,800,000
$834,700,000
$766,600,000
$23,200,000
$8,500,000
$6,100,000
—
Property Europe
$937,700,000
$834,700,000
$775,600,000
$735,700,000
$496,200,000
$149,600,000
$134,600,000
—
Africa Property Segment
—
—
—
—
—
$890,200,000
$583,900,000
$545,500,000
Asia Pacific Property Segment
—
—
—
—
—
$1,139,400,000
$1,217,000,000
$1,540,500,000
Europe Property Segment
—
—
—
—
—
$149,600,000
$134,600,000
$141,800,000
Latin America Property Segment
—
—
—
—
—
$1,257,400,000
$1,340,700,000
$1,264,800,000
Property Africa
—
—
$1,225,600,000
$1,192,500,000
$1,005,500,000
$890,200,000
$583,900,000
—
Property Asia Pacific
—
$1,208,000,000
$1,244,400,000
$1,203,800,000
$1,199,100,000
$1,139,400,000
$1,217,000,000
—
Property
—
$9,933,500,000
$9,869,200,000
$9,404,300,000
$9,109,600,000
$7,953,600,000
$7,464,900,000
$7,314,700,000
Services Segment
—
$193,700,000
$143,000,000
$241,100,000
$247,300,000
$87,900,000
$115,400,000
$125,400,000
United States and Canada Property Segment
—
—
—
—
—
$4,604,900,000
$4,304,100,000
$3,822,100,000
By Geography (USD)
Component
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
United States
$6,629,400,000
$6,353,300,000
$6,182,200,000
$6,001,500,000
$5,179,300,000
$9,209,200,000
$4,304,100,000
$3,947,500,000
Brazil
$708,300,000
$786,100,000
$787,300,000
$741,900,000
$614,600,000
$1,012,800,000
$605,500,000
$595,500,000
Mexico
$508,900,000
$544,900,000
$611,800,000
$588,900,000
$524,600,000
$966,000,000
$515,300,000
$456,500,000
Nigeria
$461,700,000
$384,400,000
$990,800,000
$954,400,000
$296,500,000
$499,000,000
$229,900,000
$220,700,000
Germany
$455,500,000
$402,200,000
$363,600,000
$320,000,000
$213,500,000
$140,000,000
$66,600,000
$69,100,000
Spain
$351,900,000
$310,800,000
$298,000,000
$315,100,000
$183,300,000
$0
—
—
Uganda
$297,900,000
$269,100,000
$474,400,000
$399,400,000
$180,800,000
$312,200,000
$73,300,000
$67,100,000
Ghana
$182,800,000
$126,700,000
$257,200,000
$288,800,000
$170,500,000
$348,600,000
$124,300,000
$125,400,000
Kenya
$177,600,000
$141,100,000
$240,000,000
$246,200,000
$107,400,000
$195,400,000
$27,300,000
$7,000,000
South Africa
$172,600,000
$174,000,000
$315,800,000
$329,600,000
$164,000,000
$257,400,000
$129,100,000
$125,300,000
France
$130,300,000
$121,700,000
$113,400,000
$99,600,000
$98,900,000
$158,800,000
$68,000,000
$72,700,000
Colombia
$122,200,000
$110,400,000
$117,000,000
$106,100,000
$107,700,000
$192,200,000
$102,100,000
$103,800,000
Chile
$117,400,000
$103,700,000
$106,300,000
$91,800,000
$88,000,000
$134,600,000
$43,300,000
$44,200,000
Peru
$98,900,000
$95,000,000
$91,100,000
$84,700,000
$62,600,000
$93,200,000
$23,500,000
$20,000,000
Burkina Faso
$56,500,000
$40,100,000
$76,200,000
$82,400,000
$44,700,000
$87,800,000
$0
$0
Niger
$52,400,000
$51,300,000
$96,800,000
$84,200,000
$41,600,000
$80,000,000
$0
$0
Argentina
$43,600,000
$36,200,000
$43,800,000
$39,200,000
$31,600,000
$44,200,000
$17,300,000
$16,000,000
Costa Rica
$25,700,000
$25,300,000
$24,700,000
$23,900,000
$22,800,000
$46,800,000
$21,100,000
$18,400,000
Paraguay
$17,600,000
$16,300,000
$16,300,000
$15,400,000
$13,500,000
$25,000,000
$12,600,000
$10,400,000
Canada
$12,000,000
$13,300,000
$11,700,000
$12,500,000
$11,400,000
$600,000
—
—
Bangladesh
$11,000,000
$7,900,000
$11,400,000
$7,800,000
$400,000
$0
—
—
Philippines
$10,400,000
$9,200,000
$17,800,000
$10,600,000
$300,000
$0
—
—
Australia
$0
$2,600,000
$5,200,000
$3,600,000
$1,800,000
$0
—
—
New Zealand
$0
$1,600,000
$3,200,000
$600,000
$0
$0
—
—
Poland
$0
$0
$600,000
$1,000,000
$500,000
$400,000
—
—
International
—
—
—
—
—
—
$3,276,200,000
$3,492,600,000
India
—
—
$1,132,000,000
$1,065,700,000
$1,196,600,000
$2,278,800,000
$1,217,000,000
$1,540,500,000
Africa
—
—
—
—
—
—
$583,900,000
$545,500,000
Asia
—
—
—
—
—
—
$1,217,000,000
$1,540,500,000
Europe
—
—
—
—
—
—
$134,600,000
$141,800,000
Latin America
—
—
—
—
—
—
$1,340,700,000
$1,264,800,000
By Product & Service (USD)
Component
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
Property Revenue
$10,305,000,000
$9,933,500,000
$9,869,200,000
$9,404,300,000
$9,109,600,000
$7,953,600,000
$7,464,900,000
$7,314,700,000
Non Lease Property Revenue
$596,300,000
$580,900,000
$604,300,000
$599,600,000
$469,900,000
$407,800,000
$411,800,000
—
Services Revenue
$339,600,000
$193,700,000
$143,000,000
$241,100,000
$247,300,000
$87,900,000
$115,400,000
$125,400,000
Service
$339,600,000
$193,700,000
$143,000,000
$241,100,000
$247,300,000
$87,900,000
$115,400,000
—
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
