American Tower Corporation's Stock Analysis

American Tower Resolves Dispute with AT&T Mexico Over Payments

American Tower Corporation reported a legal dispute with its customer AT&T Mexico, which had been withholding approximately $300 million in tower rents since the start of 2025. The dispute was resolved on September 23, 2025, with an agreement for AT&T Mexico to pay most of the withheld rents and resume regular monthly payments.

Under the terms of the agreement, remaining unpaid amounts will be placed in an escrow account managed by an independent trustee. These funds will be released based on the final ruling of the arbitration or mutual agreement between the parties, ensuring that American Tower will recover the majority of its owed rents moving forward.

Sep 24, 2025 16:17:12

American Tower Announces Cash Distribution and Executive Retirement

Olivier Puech, the Executive Vice President and President of International at American Tower Corporation, has announced his intention to retire effective January 2, 2026. This change in leadership may impact the company's strategic direction as it transitions to new management.

On September 18, 2025, American Tower's Board of Directors declared a quarterly cash distribution of $1.70 per share, which is set to be paid on October 20, 2025, to stockholders of record as of September 30, 2025. This distribution reflects the company's ongoing commitment to returning value to its shareholders.

Sep 18, 2025 16:15:53

American Tower Raises $587.8 Million Through Senior Notes Offering

On September 16, 2025, American Tower Corporation completed a public offering of $200 million in 4.900% senior unsecured notes due in 2030 and $375 million in 5.350% senior unsecured notes due in 2035, generating approximately $587.8 million in net proceeds. The funds will be used to repay existing debt under a $4 billion senior unsecured revolving credit facility and for general corporate purposes. The notes will be consolidated with previously issued notes of the same series and will bear interest payable semi-annually starting March 15, 2026.

The indenture governing the notes includes covenants that restrict the company's ability to merge, consolidate, or incur additional liens, with certain exceptions. The company may redeem the notes under specified conditions, and in the event of a change of control, it may be required to repurchase the notes at a premium. Events of default include failure to pay interest or principal, non-compliance with covenants, and bankruptcy events, which could trigger immediate repayment of the outstanding notes.

Sep 16, 2025 16:15:40

American Tower Prices $575 Million in Senior Unsecured Notes

American Tower Corporation has priced its public offering of senior unsecured notes, raising a total of $575 million through two series: $200 million in notes due 2030 and $375 million in notes due 2035. The 2030 notes have an interest rate of 4.900% and are priced at 102.452% of their face value, while the 2035 notes carry a 5.350% interest rate and are priced at 103.567% of their face value.

The net proceeds from this offering are estimated to be approximately $587.8 million, which will primarily be used to repay existing debt under the company's $4.0 billion senior unsecured revolving credit facility, along with general corporate purposes. The offering is being managed by several leading financial institutions, including BBVA Securities Inc. and BofA Securities, Inc.

Sep 11, 2025 17:07:03

American Tower Faces Legal Dispute with AT&T Mexico Impacting Revenue

American Tower's CEO, Steven O. Vondran, disclosed that the company is involved in a legal dispute with AT&T Mexico, which has been withholding approximately $300 million in tower rents since the beginning of 2025. The company has already set aside around $10 million in reserves related to this customer and may incur additional reserves if the situation continues. An arbitration hearing is scheduled for August 2026, and the company is defending its Master Lease Agreement with AT&T Mexico.

Additionally, Vondran mentioned that DISH Network Corporation accounts for about 2% of American Tower's total annual property revenue and 4% of its U.S. and Canada property revenue. The Master Lease Agreement with DISH, signed in 2021, is set to expire in 2036. Investors may want to monitor the developments regarding the legal dispute with AT&T Mexico and the ongoing relationship with DISH.

Sep 05, 2025 16:10:48

American Tower Elects Gene Reilly to Board of Directors

American Tower Corporation has elected Gene F. Reilly as a director and member of its Compensation Committee, effective immediately. Mr. Reilly brings 40 years of experience in real property investment and management, having served in various leadership roles at Prologis, Inc., including Vice Chairman and Chief Investment Officer. He will serve on the Board until the 2026 Annual Meeting of Stockholders and will receive standard compensation for non-employee directors.

The appointment of Mr. Reilly is expected to enhance the Board's expertise in portfolio strategy and operations across the Americas. His background includes significant experience in overseeing real estate operations, which may contribute to the company's efforts in optimizing its global portfolio. American Tower, a leading independent owner and operator of communications real estate, continues to focus on delivering long-term value for shareholders.

Aug 25, 2025 08:05:25

American Tower Reports Q2 2025 Financial Results and Updates

American Tower Corporation announced its financial results for the second quarter of 2025, highlighting strong demand for its telecommunications sites, particularly in the U.S. The company recorded significant revenue contributions driven by midband upgrades and densification activities. CoreSite experienced double-digit growth due to increasing demand for AI-ready interconnection solutions. Despite challenges in Latin America, the company maintained steady international activity and solid cash flow conversion, supported by effective cost management and capital discipline.

The company declared cash distributions to common stockholders and reported total capital expenditures of approximately $313 million, including $185 million for acquisitions, notably a multi-tenant data center in Denver. As of June 30, 2025, American Tower had about $10.5 billion in total liquidity. The company also announced adjustments to its full-year 2025 outlook, raising estimates for property revenue and Adjusted EBITDA while reducing net income projections primarily due to unrealized foreign currency losses.

Jul 29, 2025 07:03:47

Company Issues Legal Opinion on Note Issuance

The company has attached an opinion from Cleary Gottlieb Steen & Hamilton LLP regarding the legality of its note issuance as Exhibit 5.1. This document is part of the company's compliance with the Securities Exchange Act of 1934 and has been signed by Rodney M. Smith, representing the company.

The report confirms the company's adherence to regulatory requirements and provides necessary legal backing for the issuance of the notes. This information may be relevant for investors considering the company's financial activities and compliance status.

May 30, 2025 08:00:35

American Tower Prices €500 Million Senior Notes Offering

American Tower Corporation has announced the pricing of its public offering of senior unsecured notes due 2032, totaling €500 million (approximately $562 million). These notes will carry an interest rate of 3.625% per annum and are being issued at nearly their face value. The company expects to receive net proceeds of about €496.8 million (approximately $558.4 million) after expenses, which will be used to repay existing debt and for general corporate purposes.

The offering is being managed by several financial institutions, including Barclays Bank and Citigroup. This announcement does not constitute an offer to sell or a solicitation to buy any securities, and the offering is conducted under a prospectus available through the Securities and Exchange Commission's website. American Tower is a major player in the communications real estate sector, owning and operating a significant number of communications sites globally.

May 21, 2025 16:23:17

American Tower Declares Quarterly Cash Distribution of $1.70

American Tower Corporation has announced a quarterly cash distribution of $1.70 per share on its common stock. This distribution is set to be paid on July 11, 2025, to stockholders who are on record as of June 13, 2025.

American Tower is recognized as one of the largest global Real Estate Investment Trusts (REITs) and operates a significant portfolio, including over 149,000 communications sites and a network of U.S. data center facilities. For additional details, investors can visit the company’s website.

May 15, 2025 16:19:58