American Tower Corp

AMT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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American Tower Earnings: Improving Leasing Activity and Margins Drive Fair Value Estimate Raise

Samuel Siampaus

Apr 29, 2025

American Tower's 4.7% same-tower organic revenue growth across its portfolio—5.5% when excluding Sprint-related cancellations—provides a strong start to the year. The 68% adjusted EBITDA margin was a 160-basis-point jump sequentially, and only 20 points off last year's highest margin in a decade.

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American Tower Corp

American Tower Earnings: Improving Leasing Activity and Margins Drive Fair Value Estimate Raise

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