American Tower Corporation's Stock Analysis

American Tower Issues $850 Million in Senior Unsecured Notes

American Tower Corporation completed a public offering of $850 million in senior unsecured notes with a maturity date of December 15, 2032, and an interest rate of 4.700% per annum. The net proceeds of approximately $839.5 million will be used to repay existing debt under its $4.0 billion revolving credit facility. Interest payments will be made semi-annually starting June 15, 2026, with accrued interest calculated on a 360-day year basis.

The indenture governing the notes includes covenants that restrict the company's ability to merge or incur liens, subject to certain exceptions. In the event of a change of control or ratings decline, the company may be required to repurchase the notes at a premium. Additionally, specific events of default could accelerate the repayment of the notes, allowing the trustee or noteholders to declare the principal and accrued interest due immediately if certain conditions are met.

Dec 05, 2025 16:19:55

American Tower Declares $1.70 Quarterly Cash Distribution

American Tower Corporation announced a cash distribution of $1.70 per share on its common stock, as declared by the Board of Directors on December 4, 2025. This distribution is scheduled to be paid on February 2, 2026, to stockholders of record as of December 29, 2025.

American Tower is recognized as one of the largest global real estate investment trusts (REITs), specializing in the ownership, operation, and development of multitenant communications real estate. The company manages a portfolio exceeding 149,000 communications sites and operates a network of interconnected U.S. data center facilities.

Dec 04, 2025 16:24:31

American Tower Prices $850 Million Senior Unsecured Notes Offering

American Tower Corporation has priced its public offering of senior unsecured notes due 2032, totaling $850 million. These notes will carry an interest rate of 4.700% per annum and are being issued at 99.685% of their face value. The net proceeds from the offering are projected to be approximately $839.5 million after expenses, which the company plans to use to repay existing debt under its $4 billion senior unsecured revolving credit facility.

The offering is managed by Barclays Capital Inc., Mizuho Securities USA LLC, RBC Capital Markets, LLC, Santander US Capital Markets LLC, and TD Securities (USA) LLC. The offering is not an invitation to buy or sell securities in jurisdictions where it would be illegal prior to proper registration. American Tower is a major player in the communications real estate sector, operating over 149,000 sites globally.

Dec 02, 2025 16:59:24

American Tower's Chief Accounting Officer to Retire by 2026

Robert J. Meyer, the Senior Vice President and Chief Accounting Officer of American Tower, has announced his intention to retire on or before the end of 2026. The company is currently searching for a successor to fill his role.

Mr. Meyer will continue in his position until a replacement is appointed and will assist with the transition process. This leadership change may impact the company's financial oversight and operations as it moves forward.

Nov 07, 2025 08:33:03

American Tower Reports Q3 2025 Financial Results and Updates

American Tower Corporation reported its financial results for the third quarter of 2025, showing mid-to-high single-digit growth in revenue and Adjusted EBITDA, alongside double-digit growth in Adjusted Funds From Operations (AFFO) per share. The company highlighted robust leasing activity in both U.S. and international markets, driven by increased demand for network coverage and capacity, particularly in the data center segment, which experienced a record quarter of new leasing.

The company declared regular cash distributions to common stockholders and reported total capital expenditures of approximately $476 million for the quarter. American Tower's net leverage ratio stood at 4.9x, with total liquidity of about $10.7 billion as of September 30, 2025. The company also announced an increase in its full-year 2025 outlook for various financial metrics, primarily due to favorable foreign currency exchange rate fluctuations.

Oct 28, 2025 07:04:49

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