American Tower Corporation completed an offering of $450.0 million, $500.0 million and $550.0 million of senior unsecured notes, generating approximately $1,474.9 million net. Proceeds will repay indebtedness under its $6.0 billion revolving credit facility and fund general corporate purposes.
AMT · American Tower Corp
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American Tower Corporation priced $450.0 million of 2031 notes, $500.0 million of 2033 notes and $550.0 million of 2036 notes. Net proceeds are expected to be $1,474.9 million, used to repay existing indebtedness and for general corporate purposes.
American Tower raised property revenue guidance by $55 million and data center revenue growth to approximately 16%, authorized an additional $2 billion in share repurchases and agreed to sell its Canada business for approximately $202 million.
American Tower Corp reported nine-month 2026 total revenue of $8,272.0 million, up 5%, and property revenue of $8,091.7 million, up 6%. Property operations generated 98% of revenue, while $17.5 million of DISH-related impairment charges were recorded during the nine-month period.
American Tower Corporation reported for the quarter ended September 30, 2026 revenue of $2,785 million, up 2.5%, and Adjusted EBITDA of $1,832 million, up 0.9%. It raised full-year property-revenue outlook and authorized an additional $2.0 billion for share repurchases.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Oct 27, 2026TL;DR. American Tower raised 2026 property revenue guidance by $55 million and AFFO-per-share guidance by $0.02, as data-center growth remained above 16%, and it expects an organic-growth and AFFO-per-share inflection in 2027. Q3 net income, FFO and operating cash flow declined, cash adjusted EBITDA margins contracted, services and refinancing costs pressured AFFO, and adjusted EBITDA guidance remained flat.
- + Raised full-year property revenue guidance by $55 million at the midpoint. new
- + The Canada sale is expected to be immediately accretive to AFFO per share and improve the long-term AFFO-per-share growth profile. new
- − Debt refinancing is expected to be an approximately 1% headwind to 2026 AFFO-per-share growth, with management describing 2026 as the AFFO-growth trough. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Research
our published analysis of this companyEquibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $1.81B | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 887.5M
+121.8M Income tax provision
-53.8M Other (income) expense
+3.2M Loss on retirement of long-term obligations
+354.5M Interest expense
-44.4M Interest income
-9.2M Other operating (income) expense
+514.4M Depreciation, amortization and accretion
+34.2M Stock-based compensation expense
= Adjusted EBITDA 1.81B
|
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| AFFO attributable to American Tower Corporation common stockholders non-GAAP | $1.26B | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Nareit FFO attributable to American Tower Corporation common stockholders 1.25B
+18.9M Straight-line revenue
+8.5M Straight-line expense
+34.2M Stock-based compensation expense
+2.9M Deferred portion of income tax and other income tax adjustments
+34M Non-real estate related depreciation, amortization and accretion
+13M Amortization of deferred financing costs, capitalized interest, debt discounts and premiums and long-term deferred interest char
-53.8M Other (income) expense
+3.2M Loss on retirement of long-term obligations
-1M Other operating income
-44.6M Capital improvement capital expenditures
-2.6M Corporate capital expenditures
+2.1M Adjustments and distributions for unconsolidated affiliates and noncontrolling interests
= AFFO attributable to American Tower Corporation common stockholders 1.26B
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| Nareit FFO attributable to American Tower Corporation common stockholders non-GAAP | $1.25B | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 887.5M
+480.4M Real estate related depreciation, amortization and accretion
-8.2M (Gains) losses from sale or disposal of real estate and real estate related impairment charges
-110.4M Adjustments and distributions for unconsolidated affiliates and noncontrolling interests
= Nareit FFO attributable to American Tower Corporation common stockholders 1.25B
|
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| Segment operating profit (Total) non-GAAP | $1.87B | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Specialty — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AMT
this stock
American Tower Corp
|
$88.88B | +9.2% | +5.1% | 27.0 | 1.4% |
|
EQIX
Equinix Inc
|
$104.31B | +37.5% | +7.8% | 63.3 | 1.8% |
|
DLR
Digital Realty Trust, Inc.
|
$63.25B | +16.3% | +10.0% | 71.4 | 2.2% |
|
CCI
Crown Castle Inc.
|
$38.65B | +2.2% | -4.4% | 47.8 | 2.3% |
|
IRM
Iron Mountain Inc
|
$33.88B | +37.1% | +8.3% | 73.9 | 2.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 13, 2026
- This year
- 33
American Tower Corporation completed an offering of $450.0 million, $500.0 million and $550.0 million of senior unsecured notes, generating approximately $1,474.9 million net. Proceeds will repay indebtedness under its $6.0 billion revolving credit facility and fund general corporate purposes.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AMT | +1.5% | +3.4% | +3.6% | +2.1% | +9.2% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -1.1% | +4.6% | +3.1% | +2.2% | -1.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.