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    AMT

    AMERICAN TOWER CORP /MA/

    Company overview

    Market capitalization
    $78.28B
    Employees
    4,866
    Latest publication
    2026-09-29
    About AMERICAN TOWER CORP /MA/

    American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a few other industries. The Company refers to this business, inclusive of its data center business discussed below, as its property operations. Additionally, the Company offers tower-related services in the United States, which the Company refers to as its services operations. These services include site application, zoning and permitting, structural and mount analyses, and construction management services, together with program management offerings that support customer deployment needs from project scoping through construction. The Company's services operations primarily support the Company's site leasing business, including through the addition of new tenants and equipment on its sites. The Company's customers include its tenants, licensees and other payers. American Tower Corporation was incorporated in 1995 in Delaware and is based in Massachusetts, Boston.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20242024-12-31 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USDQ2 20222022-06-30 · USDQ3 20212021-09-30 · USDQ2 20212021-06-30 · USD
    Total Revenue2,749,100,000USD2,737,500,000USD2,547,600,000USD2,900,300,000USD2,834,100,000USD2,674,300,000USD2,454,300,000USD2,298,900,000USD
    Cost Of Revenue1,221,700,000USD714,100,000USD654,400,000USD821,900,000USD788,300,000USD822,900,000USD724,300,000USD647,900,000USD
    Gross Profit1,527,400,000USD2,023,400,000USD1,893,200,000USD2,078,400,000USD2,045,800,000USD1,851,400,000USD1,730,000,000USD1,651,000,000USD
    Selling General Administrative233,800,000USD236,500,000USD243,100,000USD234,300,000USD257,000,000USD222,900,000USD205,900,000USD207,200,000USD
    General And Administrative Expenses233,800,000USD———————
    Total Operating Expenses1,480,300,000USD862,700,000USD813,100,000USD794,100,000USD809,200,000USD1,069,100,000USD902,500,000USD801,800,000USD
    Operating Income1,268,800,000USD1,160,700,000USD1,080,100,000USD1,284,300,000USD1,236,600,000USD782,300,000USD827,500,000USD849,200,000USD
    Total Other Income Expense Net-259,500,000USD-195,800,000USD225,600,000USD-255,900,000USD-205,700,000USD116,000,000USD-49,900,000USD-28,500,000USD
    Interest Expense354,500,000USD344,400,000USD321,200,000USD365,400,000USD366,700,000USD276,600,000USD226,100,000USD213,700,000USD
    Depreciation And Amortization514,400,000USD515,900,000USD500,900,000USD561,700,000USD549,400,000USD826,500,000USD611,400,000USD554,800,000USD
    Income Before Tax1,009,300,000USD964,900,000USD1,305,700,000USD1,028,400,000USD1,030,900,000USD898,300,000USD777,600,000USD820,700,000USD
    Income Tax Expense121,800,000USD128,100,000USD75,200,000USD120,000,000USD109,200,000USD7,400,000USD51,400,000USD72,800,000USD
    Net Income887,500,000USD836,800,000USD1,229,600,000USD900,300,000USD917,400,000USD898,200,000USD723,000,000USD746,300,000USD
    Minority Interest20,000,000USD-19,000,000USD-900,000USD-8,100,000USD-4,300,000USD-7,300,000USD-3,200,000USD1,278,600,000USD
    Net Income Applicable To Common Shares867,500,000USD—1,229,600,000USD——898,200,000USD723,000,000USD746,300,000USD
    Unclassified Operating Expenses—626,200,000USD570,000,000USD559,800,000USD552,200,000USD846,200,000USD696,600,000USD594,600,000USD
    Interest Income—36,000,000USD32,100,000USD43,700,000USD48,000,000USD14,300,000USD36,200,000USD59,200,000USD
    Net Interest Income—-311,300,000USD-289,100,000USD-321,700,000USD-318,700,000USD-262,300,000USD-216,700,000USD-206,100,000USD
    Tax Provision—139,600,000USD75,200,000USD120,000,000USD109,200,000USD7,400,000USD51,400,000USD72,800,000USD
    Net Income From Continuing Ops—878,500,000USD1,230,500,000USD908,400,000USD921,700,000USD890,900,000USD726,200,000USD747,900,000USD
    Ebit—1,309,300,000USD1,626,900,000USD1,393,800,000USD1,397,600,000USD1,174,900,000USD1,003,700,000USD1,034,400,000USD
    Ebitda—1,825,200,000USD2,127,800,000USD1,955,500,000USD1,947,000,000USD2,001,400,000USD1,615,100,000USD1,589,200,000USD
    Reconciled Depreciation—518,200,000USD500,900,000USD561,700,000USD549,400,000USD826,500,000USD611,400,000USD554,800,000USD
    Non Operating Income Net Other—————392,600,000USD176,200,000USD185,200,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20102010-12-31 · USDFY 19971997-12-31 · USD
    Total Revenue9,356,900,000USD8,041,500,000USD1,985,335,000USD17,508,467USD
    Cost Of Revenue2,682,000,000USD2,227,200,000USD474,586,000USD8,713,172USD
    Gross Profit6,674,900,000USD5,814,300,000USD1,510,749,000USD8,795,295USD
    Research Development0USD0USD0USD—
    Selling General Administrative811,600,000USD781,700,000USD229,769,000USD1,536,263USD
    Unclassified Operating Expenses2,731,300,000USD2,142,100,000USD496,602,000USD6,326,323USD
    Total Operating Expenses3,542,900,000USD2,926,800,000USD726,371,000USD7,862,586USD
    Operating Income3,132,000,000USD2,887,500,000USD784,378,000USD932,709USD
    Interest Income1,388,400,000USD39,700,000USD——
    Interest Expense870,900,000USD793,500,000USD246,018,000USD0USD
    Net Interest Income-830,500,000USD-753,800,000USD——
    Income Before Tax2,829,400,000USD1,821,100,000USD556,025,000USD-2,048,816USD
    Income Tax Expense261,800,000USD129,600,000USD182,489,000USD-472,671USD
    Tax Provision261,800,000USD129,600,000USD——
    Net Income2,567,700,000USD1,690,600,000USD372,936,000USD-2,269,957USD
    Net Income From Continuing Ops2,567,600,000USD1,691,500,000USD373,576,000USD—
    Ebit3,700,300,000USD2,614,600,000USD803,530,000USD933,000USD
    Ebitda6,032,900,000USD4,496,900,000USD1,264,256,000USD7,447,000USD
    Depreciation And Amortization2,332,600,000USD1,882,300,000USD460,726,000USD6,514,000USD
    Reconciled Depreciation2,332,600,000USD1,882,300,000USD——
    Total Other Income Expense Net-302,600,000USD-1,066,400,000USD-228,353,000USD-2,982,000USD
    Non Operating Income Net Other568,300,000USD-272,900,000USD17,705,000USD—
    Minority Interest-100,000USD900,000USD670,000USD—
    Net Income Applicable To Common Shares2,567,700,000USD1,690,600,000USD372,936,000USD—
    Selling And Marketing Expenses—3,000,000USD——
    Discontinued Operations——30,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets63,300,100,000USD63,190,400,000USD63,190,400,000USD63,888,700,000USD63,754,500,000USD62,055,600,000USD61,077,400,000USD62,816,800,000USD
    Cash And Equivalents1,762,500,000USD—1,474,800,000USD1,950,700,000USD2,076,000,000USD2,103,700,000USD1,999,600,000USD2,150,300,000USD
    Total Current Assets3,122,400,000USD2,741,800,000USD2,494,800,000USD3,535,400,000USD3,601,400,000USD3,506,100,000USD3,178,800,000USD3,399,600,000USD
    Other Current Assets578,900,000USD616,700,000USD369,700,000USD584,700,000USD468,000,000USD434,100,000USD394,400,000USD436,600,000USD
    Other Non Current Assets1,028,400,000USD———————
    Total Liabilities53,047,600,000USD———————
    Total Current Liabilities8,870,500,000USD6,913,800,000USD3,972,700,000USD5,993,500,000USD5,863,600,000USD6,322,000,000USD7,075,600,000USD7,069,500,000USD
    Other Current Liabilities1,116,900,000USD———————
    Other Non Current Liabilities967,200,000USD———————
    Total Stockholder Equity3,719,700,000USD3,652,500,000USD3,652,500,000USD3,952,700,000USD3,712,800,000USD3,534,800,000USD3,382,200,000USD3,641,700,000USD
    Total Equity Including Noncontrolling Interest10,252,500,000USD———————
    Short Long Term Debt5,226,500,000USD6,119,000,000USD3,387,800,000USD2,387,700,000USD2,290,800,000USD2,816,900,000USD3,693,000,000USD3,730,500,000USD
    Long Term Debt31,963,100,000USD31,202,500,000USD33,832,500,000USD34,851,200,000USD35,193,700,000USD34,045,400,000USD32,808,800,000USD33,367,800,000USD
    Deferred Revenue497,000,000USD———————
    Net Receivables650,900,000USD650,300,000USD650,300,000USD1,000,000,000USD1,057,400,000USD968,300,000USD784,800,000USD812,700,000USD
    Property Plant Equipment Net29,039,200,000USD20,356,300,000USD28,782,800,000USD28,555,200,000USD28,183,500,000USD27,432,600,000USD27,146,400,000USD27,606,400,000USD
    Goodwill12,181,500,000USD———————
    Intangible Assets13,980,600,000USD14,530,700,000USD14,530,700,000USD14,742,400,000USD14,963,100,000USD14,642,500,000USD14,474,300,000USD15,195,100,000USD
    Accounts Payable202,800,000USD259,800,000USD259,800,000USD239,000,000USD229,700,000USD199,600,000USD240,800,000USD221,300,000USD
    Short Term Debt644,100,000USD3,972,700,000USD3,972,700,000USD3,003,100,000USD2,904,400,000USD3,409,400,000USD4,269,700,000USD4,330,300,000USD
    Common Stock4,800,000USD4,800,000USD4,800,000USD4,800,000USD4,800,000USD4,800,000USD4,800,000USD4,800,000USD
    Retained Earnings-5,032,300,000USD-5,086,000,000USD-5,086,000,000USD-5,111,300,000USD-5,164,400,000USD-4,732,500,000USD-4,424,100,000USD-4,893,500,000USD
    Accumulated Other Comprehensive Income-4,661,000,000USD-4,815,800,000USD-4,815,800,000USD-4,817,700,000USD-4,959,700,000USD-5,514,000,000USD-5,954,600,000USD-5,182,200,000USD
    Total Liab—52,835,100,000USD52,835,100,000USD53,122,800,000USD53,275,600,000USD52,119,300,000USD51,428,700,000USD52,623,900,000USD
    Other Current Liab—2,356,300,000USD2,356,300,000USD2,313,800,000USD2,309,800,000USD2,262,500,000USD2,016,000,000USD1,783,000,000USD
    Capital Stock—4,800,000USD4,800,000USD4,800,000USD4,800,000USD4,800,000USD4,800,000USD4,800,000USD
    Good Will—12,255,500,000USD12,255,500,000USD12,255,500,000USD12,245,500,000USD11,921,500,000USD11,768,100,000USD12,045,700,000USD
    Other Assets—-8,130,000USD4,002,700,000USD3,978,800,000USD3,936,500,000USD4,419,900,000USD3,832,900,000USD3,805,700,000USD
    Cash—1,474,800,000USD1,474,800,000USD1,950,700,000USD2,076,000,000USD2,103,700,000USD1,999,600,000USD2,150,300,000USD
    Cash And Short Term Investments—1,474,800,000USD1,474,800,000USD1,950,700,000USD2,076,000,000USD2,103,700,000USD1,999,600,000USD2,150,300,000USD
    Current Deferred Revenue—325,000,000USD325,000,000USD437,600,000USD419,700,000USD450,500,000USD329,200,000USD496,200,000USD
    Net Debt—43,656,400,000USD43,489,100,000USD43,060,500,000USD43,137,200,000USD42,279,900,000USD41,954,500,000USD42,631,000,000USD
    Short Long Term Debt Total—45,131,200,000USD44,963,900,000USD45,011,200,000USD45,213,200,000USD44,383,600,000USD43,954,100,000USD44,781,300,000USD
    Property Plant Equipment Gross—28,933,300,000USD40,887,800,000USD28,555,200,000USD28,183,500,000USD27,432,600,000USD38,152,100,000USD27,606,400,000USD
    Common Stock Shares Outstanding—466,833,000shares469,142,857shares468,856,000shares468,717,000shares468,519,000shares468,418,000shares468,261,000shares
    Non Current Assets Total—60,456,730,000USD60,695,600,000USD60,353,300,000USD60,153,100,000USD58,549,500,000USD57,898,600,000USD59,417,200,000USD
    Non Current Liabilities Total—45,921,300,000USD48,862,400,000USD47,129,300,000USD47,412,000,000USD45,797,300,000USD44,353,100,000USD45,554,400,000USD
    Non Current Liabilities Other—979,000,000USD976,900,000USD1,067,800,000USD1,032,200,000USD1,019,900,000USD492,000,000USD1,198,900,000USD
    Non Currrent Assets Other—13,162,830,000USD4,959,900,000USD4,567,100,000USD4,381,800,000USD4,419,900,000USD4,283,200,000USD4,426,700,000USD
    Net Working Capital—-6,763,000,000USD-4,172,000,000USD-2,458,100,000USD-2,262,200,000USD-2,815,900,000USD-3,896,800,000USD-3,669,900,000USD
    Unclassified Current Liabilities—-6,119,000,000USD-6,328,900,000USD-2,387,700,000USD-2,290,800,000USD-2,816,900,000USD-3,473,100,000USD-3,491,800,000USD
    Unclassified Non Current Liabilities—13,739,800,000USD14,053,000,000USD11,210,300,000USD11,186,100,000USD10,732,000,000USD11,052,300,000USD10,987,700,000USD
    Unclassified Equity—13,544,700,000USD13,544,700,000USD13,872,100,000USD13,827,300,000USD13,771,700,000USD13,751,300,000USD13,707,800,000USD
    Unclassified Non Current Assets——-3,836,000,000USD-3,745,700,000USD-3,557,300,000USD-4,286,900,000USD-3,606,300,000USD-3,662,400,000USD
    Short Term Investments—————0USD——
    Inventory———————204,300,000USD
    Unclassified Current Assets———————-204,300,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets63,190,400,000USD61,077,400,000USD66,027,600,000USD67,194,500,000USD69,887,900,000USD47,233,500,000USD42,801,600,000USD33,010,400,000USD
    Intangible Assets14,530,700,000USD14,474,300,000USD16,520,700,000USD17,983,300,000USD20,727,200,000USD13,839,800,000USD12,318,400,000USD11,174,300,000USD
    Other Current Assets369,700,000USD394,400,000USD1,143,100,000USD468,200,000USD697,100,000USD404,500,000USD376,800,000USD505,000,000USD
    Total Liab52,835,100,000USD51,428,700,000USD55,162,200,000USD54,786,000,000USD60,818,300,000USD42,453,000,000USD36,214,700,000USD26,106,000,000USD
    Total Stockholder Equity3,652,500,000USD3,382,200,000USD4,198,200,000USD5,572,400,000USD5,081,200,000USD4,093,500,000USD5,055,400,000USD5,336,100,000USD
    Other Current Liab2,356,300,000USD2,016,000,000USD2,490,000,000USD2,050,600,000USD1,969,500,000USD1,556,400,000USD1,369,300,000USD1,270,400,000USD
    Common Stock4,800,000USD4,800,000USD4,800,000USD4,800,000USD4,700,000USD4,600,000USD4,500,000USD4,500,000USD
    Capital Stock4,800,000USD4,800,000USD4,800,000USD4,800,000USD4,700,000USD4,600,000USD4,500,000USD4,500,000USD
    Retained Earnings-5,086,000,000USD-4,424,100,000USD-3,638,800,000USD-2,101,900,000USD-1,142,400,000USD-1,343,000,000USD-1,016,800,000USD-1,199,500,000USD
    Good Will12,255,500,000USD11,768,100,000USD12,639,000,000USD12,956,700,000USD13,350,100,000USD7,282,700,000USD6,178,300,000USD5,501,900,000USD
    Other Assets4,002,700,000USD3,832,900,000USD4,311,200,000USD3,168,300,000USD3,072,100,000USD2,607,500,000USD2,309,300,000USD2,702,000,000USD
    Cash1,474,800,000USD1,999,600,000USD1,753,700,000USD2,028,400,000USD1,949,900,000USD1,746,300,000USD1,501,200,000USD1,208,700,000USD
    Cash And Equivalents1,474,800,000USD1,999,600,000USD1,973,300,000USD2,028,400,000USD1,949,900,000USD1,746,300,000USD1,501,200,000USD1,208,700,000USD
    Cash And Short Term Investments1,474,800,000USD1,999,600,000USD1,753,700,000USD2,028,400,000USD1,949,900,000USD1,746,300,000USD1,501,200,000USD1,208,700,000USD
    Total Current Assets2,494,800,000USD3,178,800,000USD3,710,000,000USD3,622,300,000USD3,729,400,000USD2,905,600,000USD2,553,800,000USD2,385,100,000USD
    Total Current Liabilities3,972,700,000USD7,075,600,000USD7,249,300,000USD8,311,900,000USD9,067,300,000USD3,655,500,000USD5,487,700,000USD4,689,900,000USD
    Current Deferred Revenue325,000,000USD329,200,000USD433,800,000USD439,700,000USD1,204,000,000USD390,600,000USD294,300,000USD304,100,000USD
    Net Debt43,489,100,000USD41,954,500,000USD44,553,300,000USD45,022,600,000USD50,058,700,000USD34,965,500,000USD29,559,100,000USD19,951,200,000USD
    Short Term Debt3,972,700,000USD4,269,700,000USD3,757,700,000USD5,303,100,000USD5,281,300,000USD1,329,700,000USD3,422,700,000USD2,754,800,000USD
    Short Long Term Debt3,387,800,000USD3,693,000,000USD3,187,500,000USD4,514,200,000USD4,568,700,000USD789,800,000USD2,928,200,000USD2,754,800,000USD
    Short Long Term Debt Total44,963,900,000USD43,954,100,000USD46,307,000,000USD47,051,000,000USD52,008,600,000USD36,711,800,000USD31,060,300,000USD21,159,900,000USD
    Long Term Debt33,832,500,000USD32,808,800,000USD35,734,000,000USD34,156,000,000USD38,660,600,000USD28,497,700,000USD21,127,200,000USD18,405,100,000USD
    Net Receivables650,300,000USD784,800,000USD813,200,000USD1,125,700,000USD1,082,400,000USD754,800,000USD675,800,000USD671,400,000USD
    Accounts Payable259,800,000USD240,800,000USD251,300,000USD218,600,000USD272,400,000USD139,100,000USD148,100,000USD130,800,000USD
    Property Plant Equipment Net28,782,800,000USD27,146,400,000USD19,788,800,000USD28,917,200,000USD29,009,100,000USD20,597,900,000USD19,441,800,000USD11,247,100,000USD
    Property Plant Equipment Gross40,887,800,000USD38,152,100,000USD39,787,100,000USD28,917,200,000USD29,009,100,000USD20,597,900,000USD19,441,800,000USD11,247,100,000USD
    Accumulated Other Comprehensive Income-4,815,800,000USD-5,954,600,000USD-5,739,500,000USD-5,718,300,000USD-4,738,900,000USD-3,759,400,000USD-2,823,600,000USD-2,642,900,000USD
    Common Stock Shares Outstanding469,142,857shares468,120,000shares467,162,000shares462,750,000shares453,294,000shares446,104,000shares445,520,000shares442,960,003shares
    Non Current Assets Total60,695,600,000USD57,898,600,000USD62,317,600,000USD63,572,200,000USD66,158,500,000USD44,327,900,000USD40,247,800,000USD30,625,300,000USD
    Non Current Liabilities Total48,862,400,000USD44,353,100,000USD47,912,900,000USD46,474,100,000USD51,751,000,000USD38,797,500,000USD30,727,000,000USD21,416,100,000USD
    Non Current Liabilities Other976,900,000USD492,000,000USD745,300,000USD697,300,000USD11,234,600,000USD9,440,300,000USD8,831,500,000USD2,475,100,000USD
    Non Currrent Assets Other4,959,900,000USD4,283,200,000USD5,258,100,000USD3,556,600,000USD400,900,000USD400,100,000USD406,400,000USD962,600,000USD
    Net Working Capital-4,172,000,000USD-3,896,800,000USD-3,539,300,000USD-4,689,600,000USD-5,337,900,000USD-749,900,000USD-2,933,900,000USD-2,304,800,000USD
    Unclassified Non Current Assets-3,836,000,000USD-3,606,300,000USD3,799,800,000USD-3,009,900,000USD——-406,400,000USD-962,600,000USD
    Unclassified Current Liabilities-6,328,900,000USD-3,473,100,000USD-2,871,000,000USD-4,214,300,000USD-4,228,600,000USD-550,100,000USD-2,674,900,000USD-2,525,000,000USD
    Unclassified Non Current Liabilities14,053,000,000USD11,052,300,000USD11,433,600,000USD5,402,600,000USD-4,998,800,000USD-3,415,400,000USD-3,089,400,000USD-3,011,000,000USD
    Unclassified Equity13,544,700,000USD13,751,300,000USD13,566,900,000USD13,383,000,000USD12,235,500,000USD10,469,100,000USD10,113,200,000USD10,376,300,000USD
    Deferred Long Term Liab———1,492,000,000USD1,830,900,000USD859,500,000USD768,300,000USD535,900,000USD
    Other Liab———4,726,200,000USD5,023,700,000USD3,415,400,000USD3,089,400,000USD3,011,000,000USD
    Inventory———112,300,000USD393,400,000USD115,100,000USD76,800,000USD96,200,000USD
    Net Tangible Assets———5,572,400,000USD-28,996,100,000USD4,305,600,000USD-12,344,800,000USD-10,335,300,000USD
    Unclassified Current Assets———-112,300,000USD-393,400,000USD-115,100,000USD-76,800,000USD-96,200,000USD
    Treasury Stock————-1,282,400,000USD-1,282,400,000USD-1,226,400,000USD-1,206,800,000USD
    Short Term Investments———————0USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Net Income1,766,000,000USD
    Depreciation1,032,600,000USD
    Stock Based Compensation92,600,000USD
    Other Non Cash Items53,200,000USD
    Change In Working Capital-57,000,000USD
    Operating Cash Flow2,887,400,000USD
    Capital Expenditures-770,400,000USD
    Net Investments-133,200,000USD
    Other Investing Activities69,900,000USD
    Investing Cash Flow-833,700,000USD
    Net Debt Issuance199,200,000USD
    Net Common Stock Issuance-181,900,000USD
    Common Dividends Paid-1,641,300,000USD
    Other Financing Activities-178,700,000USD
    Financing Cash Flow-1,802,700,000USD
    Effect Of Forex Changes On Cash36,400,000USD
    Change In Cash287,400,000USD
    End Cash Flow1,892,600,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USD
    Net Income836,800,000USD912,600,000USD380,500,000USD498,600,000USD1,230,500,000USD-780,400,000USD908,400,000USD921,700,000USD
    Depreciation515,900,000USD522,900,000USD510,300,000USD492,500,000USD500,900,000USD512,800,000USD561,700,000USD549,400,000USD
    Stock Based Compensation31,600,000USD41,900,000USD47,300,000USD53,400,000USD41,900,000USD50,500,000USD46,300,000USD64,900,000USD
    Other Non Cash Items159,600,000USD-11,900,000USD489,000,000USD366,900,000USD-525,000,000USD1,596,600,000USD29,800,000USD-33,000,000USD
    Change In Working Capital-116,400,000USD-5,500,000USD-145,600,000USD-116,400,000USD-49,300,000USD89,900,000USD-207,700,000USD-219,400,000USD
    Total Cash From Operating Activities1,427,500,000USD1,460,000,000USD1,281,500,000USD1,295,000,000USD1,199,000,000USD1,469,400,000USD1,338,500,000USD1,283,600,000USD
    Capital Expenditures-579,200,000USD-465,500,000USD-304,600,000USD-331,100,000USD-443,400,000USD-424,700,000USD-325,200,000USD-396,700,000USD
    Free Cash Flow848,300,000USD994,500,000USD976,900,000USD963,900,000USD755,600,000USD1,044,700,000USD1,013,300,000USD886,900,000USD
    Investments156,900,000USD-550,500,000USD-491,100,000USD-350,100,000USD-360,700,000USD1,296,600,000USD-89,200,000USD-436,100,000USD
    Total Cashflows From Investing Activities-468,100,000USD-550,500,000USD-380,600,000USD-350,100,000USD-360,700,000USD1,296,600,000USD-89,200,000USD-436,100,000USD
    Net Borrowings-33,600,000USD-213,900,000USD-133,200,000USD8,500,000USD-14,300,000USD-2,196,000,000USD——
    Total Cash From Financing Activities-1,443,800,000USD-1,014,200,000USD-1,017,200,000USD-843,800,000USD-908,500,000USD-3,125,800,000USD-1,027,900,000USD-390,200,000USD
    Dividends Paid-796,200,000USD-796,300,000USD-796,200,000USD-768,500,000USD-758,000,000USD-757,700,000USD-757,100,000USD-802,100,000USD
    Sale Purchase Of Stock-364,600,000USD34,600,000USD30,100,000USD19,200,000USD46,400,000USD38,100,000USD——
    Change In Cash-495,600,000USD-108,800,000USD-29,600,000USD131,000,000USD-174,000,000USD-336,400,000USD101,900,000USD423,300,000USD
    Begin Period Cash Flow2,100,800,000USD2,209,600,000USD2,239,200,000USD2,108,200,000USD2,282,200,000USD2,618,600,000USD2,516,700,000USD2,093,400,000USD
    End Period Cash Flow1,605,200,000USD2,100,800,000USD2,209,600,000USD2,239,200,000USD2,108,200,000USD2,282,200,000USD2,618,600,000USD2,516,700,000USD
    Other Cashflows From Investing Activities-11,800,000USD2,900,000USD-1,800,000USD-9,100,000USD90,800,000USD-379,300,000USD800,000USD-700,000USD
    Other Cashflows From Financing Activities-256,500,000USD-4,000,000USD-98,700,000USD-103,799,999USD-145,500,000USD-186,500,000USD-47,800,000USD-125,800,000USD
    Unclassified Investing Cash Flow-34,000,000USD462,600,000USD416,900,000USD340,200,000USD352,600,000USD804,000,000USD324,400,000USD397,400,000USD
    Unclassified Financing Cash Flow—-34,600,000USD-19,200,000USD—-37,100,000USD—-223,000,000USD537,700,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income2,628,500,000USD2,280,200,000USD1,367,100,000USD1,696,700,000USD2,567,600,000USD1,691,500,000USD1,916,600,000USD1,264,700,000USD
    Depreciation2,041,600,000USD2,124,800,000USD3,086,500,000USD3,355,100,000USD2,332,600,000USD1,871,400,000USD1,795,800,000USD2,110,800,000USD
    Stock Based Compensation174,200,000USD203,600,000USD195,700,000USD169,300,000USD119,500,000USD120,800,000USD111,400,000USD137,500,000USD
    Other Non Cash Items786,300,000USD1,016,100,000USD1,069,000,000USD321,700,000USD-293,400,000USD643,800,000USD234,300,000USD552,300,000USD
    Change To Account Receivables-163,200,000USD-103,400,000USD-34,500,000USD-78,600,000USD-191,700,000USD-175,500,000USD12,500,000USD-32,100,000USD
    Change In Working Capital-166,600,000USD-386,500,000USD-813,900,000USD-1,609,900,000USD134,800,000USD-423,600,000USD-250,400,000USD-14,000,000USD
    Total Cash From Operating Activities5,464,000,000USD5,290,500,000USD4,722,400,000USD3,696,200,000USD4,819,900,000USD3,881,400,000USD3,752,600,000USD3,748,300,000USD
    Capital Expenditures-1,680,400,000USD-1,590,000,000USD-1,798,100,000USD-1,873,600,000USD-1,376,700,000USD-1,031,700,000USD-991,300,000USD-913,200,000USD
    Free Cash Flow3,783,600,000USD3,700,500,000USD2,924,300,000USD1,822,600,000USD3,443,200,000USD2,849,700,000USD2,761,300,000USD2,835,100,000USD
    Investments294,600,000USD410,600,000USD-2,014,600,000USD-2,355,200,000USD-10,700,000USD19,600,000USD27,600,000USD97,900,000USD
    Total Cashflows From Investing Activities-1,711,700,000USD410,600,000USD-1,695,500,000USD-2,355,200,000USD-20,692,200,000USD-4,784,600,000USD-3,987,500,000USD-2,749,500,000USD
    Net Borrowings-372,200,000USD-1,919,300,000USD-1,283,300,000USD-4,141,900,000USD13,713,400,000USD4,151,900,000USD2,680,400,000USD960,100,000USD
    Total Cash From Financing Activities-4,356,600,000USD-5,452,400,000USD-3,097,400,000USD-1,423,200,000USD16,424,500,000USD1,215,300,000USD521,700,000USD-607,700,000USD
    Dividends Paid-3,157,200,000USD-3,074,900,000USD-2,949,300,000USD-2,630,400,000USD-2,271,000,000USD-1,928,200,000USD-1,603,000,000USD-1,342,400,000USD
    Sale Purchase Of Stock-364,600,000USD46,400,000USD22,100,000USD-18,800,000USD27,062,300,000USD-56,000,000USD-19,600,000USD-232,800,000USD
    Change In Cash-502,999,999USD14,800,000USD-47,300,000USD-202,600,000USD481,900,000USD283,400,000USD273,100,000USD350,000,000USD
    Begin Period Cash Flow2,108,199,999USD2,093,400,000USD2,140,700,000USD2,343,300,000USD1,861,400,000USD1,578,000,000USD1,304,900,000USD954,900,000USD
    End Period Cash Flow1,605,200,000USD2,108,200,000USD2,093,400,000USD2,140,700,000USD2,343,300,000USD1,861,400,000USD1,578,000,000USD1,304,900,000USD
    Other Cashflows From Investing Activities274,800,000USD-288,400,000USD253,300,000USD-481,600,000USD-900,000USD-3,772,500,000USD-3,023,800,000USD-52,800,000USD
    Other Cashflows From Financing Activities-504,300,000USD-504,600,000USD-186,900,000USD8,559,800,000USD2,523,500,000USD-1,050,500,000USD-641,600,000USD507,400,000USD
    Unclassified Investing Cash Flow-600,700,000USD1,878,400,000USD1,863,900,000USD2,355,200,000USD-19,303,900,000USD——-1,881,400,000USD
    Issuance Of Capital Stock—0USD0USD2,291,700,000USD2,361,800,000USD0USD——
    Change To Inventory——46,400,000USD—15,100,000USD143,100,000USD-32,600,000USD-107,300,000USD
    Unclassified Operating Cash Flow——-182,000,000USD-236,700,000USD——-55,100,000USD-303,000,000USD
    Unclassified Financing Cash Flow——1,300,000,000USD-3,191,900,000USD-24,603,700,000USD98,100,000USD105,500,000USD-500,000,000USD
    Change To Liabilities———-16,500,000USD81,500,000USD-71,200,000USD-14,300,000USD63,700,000USD
    Cash And Cash Equivalents Changes———-82,200,000USD552,200,000USD312,100,000USD286,800,000USD391,100,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    AFFO Attributable to Common Stockholders

    Period endPeriodValueUnitSource
    2026-06-30quarterly1,264,100,000USDDisclosure

    Average U.S. Annual Lease Escalator

    Period endPeriodValueUnitSource
    2026-06-30instant3percent per yearDisclosure

    Communications Sites Constructed

    Period endPeriodValueUnitSource
    2026-06-30year_to_date754communications sitesDisclosure

    Data Center Markets

    Period endPeriodValueUnitSource
    2026-06-30instant11marketsDisclosure

    Data Center Net Rentable Square Feet

    Period endPeriodValueUnitSource
    2026-06-30instant3,830,000square feetDisclosure

    Nareit FFO Attributable to Common Stockholders

    Period endPeriodValueUnitSource
    2026-06-30quarterly1,249,300,000USDDisclosure

    Non-Cancellable Customer Lease Revenue Backlog

    Period endPeriodValueUnitSource
    2026-06-30instant49,895,600,000USDDisclosure

    Operated Communications Towers

    Period endPeriodValueUnitSource
    2026-06-30instant17,096towersDisclosure

    Operating Data Centers

    Period endPeriodValueUnitSource
    2026-06-30instant30facilitiesDisclosure

    Owned Communications Towers

    Period endPeriodValueUnitSource
    2026-06-30instant130,509towersDisclosure

    Owned DAS Sites

    Period endPeriodValueUnitSource
    2026-06-30instant851DAS sitesDisclosure

    Tenant Billings Churn

    Period endPeriodValueUnitSource
    2026-06-30year_to_date5percent of tenant billingsDisclosure

    Trust Securitization Debt Service Coverage Ratio

    Period endPeriodValueUnitSource
    2026-06-30instant6.45xDisclosure

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30ProductNon Lease Property Revenue149,800,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductServices Revenue61,300,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentProperty Africa APAC2,200,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentProperty Data Centers42,200,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentProperty Europe3,400,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentProperty Latin America26,800,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentProperty USAnd Canada136,500,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductNon Lease Property Revenue148,500,000USD0001053507-26-000099
    Q1 2026Quarterly · 2026-03-31ProductServices Revenue67,600,000USD0001053507-26-000099
    Q1 2026Quarterly · 2026-03-31SegmentProperty Africa APAC4,100,000USD0001053507-26-000099
    Q1 2026Quarterly · 2026-03-31SegmentProperty Data Centers41,200,000USD0001053507-26-000099
    Q1 2026Quarterly · 2026-03-31SegmentProperty Europe3,600,000USD0001053507-26-000099
    Q1 2026Quarterly · 2026-03-31SegmentProperty Latin America30,400,000USD0001053507-26-000099
    Q1 2026Quarterly · 2026-03-31SegmentProperty USAnd Canada136,800,000USD0001053507-26-000099
    Q4 2025Quarterly · 2025-12-31ProductNon Lease Property Revenue155,400,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductServices Revenue64,400,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentProperty Africa APAC4,700,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentProperty Data Centers40,100,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentProperty Europe3,300,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentProperty Latin America34,800,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentProperty USAnd Canada136,900,000USDLegacy provider
    FY 2025Yearly · 2025-12-31ProductNon Lease Property Revenue596,300,000USD0001053507-26-000035
    FY 2025Yearly · 2025-12-31ProductServices Revenue339,600,000USD0001053507-26-000035
    FY 2025Yearly · 2025-12-31SegmentProperty Africa APAC24,000,000USD0001053507-26-000035
    FY 2025Yearly · 2025-12-31SegmentProperty Data Centers151,500,000USD0001053507-26-000035
    FY 2025Yearly · 2025-12-31SegmentProperty Europe10,400,000USD0001053507-26-000035
    FY 2025Yearly · 2025-12-31SegmentProperty Latin America117,600,000USD0001053507-26-000035
    FY 2025Yearly · 2025-12-31SegmentProperty USAnd Canada632,400,000USD0001053507-26-000035
    Q3 2025Quarterly · 2025-09-30ProductNon Lease Property Revenue145,300,000USD0001053507-25-000149
    Q3 2025Quarterly · 2025-09-30ProductServices Revenue101,100,000USD0001053507-25-000149
    Q3 2025Quarterly · 2025-09-30SegmentProperty Africa APAC3,900,000USD0001053507-25-000149
    Q3 2025Quarterly · 2025-09-30SegmentProperty Data Centers38,700,000USD0001053507-25-000149
    Q3 2025Quarterly · 2025-09-30SegmentProperty Europe900,000USD0001053507-25-000149
    Q3 2025Quarterly · 2025-09-30SegmentProperty Latin America28,700,000USD0001053507-25-000149
    Q3 2025Quarterly · 2025-09-30SegmentProperty USAnd Canada174,200,000USD0001053507-25-000149
    Q2 2025Quarterly · 2025-06-30ProductNon Lease Property Revenue144,200,000USD0001053507-25-000120
    Q2 2025Quarterly · 2025-06-30ProductServices Revenue99,500,000USD0001053507-25-000120
    Q2 2025Quarterly · 2025-06-30SegmentProperty Africa APAC3,400,000USD0001053507-25-000120
    Q2 2025Quarterly · 2025-06-30SegmentProperty Data Centers36,800,000USD0001053507-25-000120
    Q2 2025Quarterly · 2025-06-30SegmentProperty Europe3,400,000USD0001053507-25-000120
    Q2 2025Quarterly · 2025-06-30SegmentProperty Latin America28,100,000USD0001053507-25-000120
    Q2 2025Quarterly · 2025-06-30SegmentProperty USAnd Canada172,000,000USD0001053507-25-000120
    Q1 2025Quarterly · 2025-03-31ProductNon Lease Property Revenue151,400,000USD0001053507-26-000099
    Q1 2025Quarterly · 2025-03-31ProductServices Revenue74,600,000USD0001053507-26-000099
    Q1 2025Quarterly · 2025-03-31SegmentProperty Africa APAC12,000,000USD0001053507-26-000099
    Q1 2025Quarterly · 2025-03-31SegmentProperty Data Centers35,900,000USD0001053507-26-000099
    Q1 2025Quarterly · 2025-03-31SegmentProperty Europe2,800,000USD0001053507-26-000099
    Q1 2025Quarterly · 2025-03-31SegmentProperty Latin America26,000,000USD0001053507-26-000099
    Q1 2025Quarterly · 2025-03-31SegmentProperty USAnd Canada149,300,000USD0001053507-26-000099
    Q4 2024Quarterly · 2024-12-31ProductNon Lease Property Revenue151,100,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductServices Revenue63,700,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentProperty Africa APAC10,800,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentProperty Data Centers34,300,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentProperty Europe0USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentProperty Latin America27,300,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentProperty USAnd Canada143,400,000USDLegacy provider
    FY 2024Yearly · 2024-12-31ProductNon Lease Property Revenue580,900,000USD0001053507-26-000035
    FY 2024Yearly · 2024-12-31ProductServices Revenue193,700,000USD0001053507-26-000035
    FY 2024Yearly · 2024-12-31SegmentProperty Africa APAC29,500,000USD0001053507-26-000035
    FY 2024Yearly · 2024-12-31SegmentProperty Data Centers132,700,000USD0001053507-26-000035
    FY 2024Yearly · 2024-12-31SegmentProperty Europe12,100,000USD0001053507-26-000035
    FY 2024Yearly · 2024-12-31SegmentProperty Latin America109,200,000USD0001053507-26-000035
    FY 2024Yearly · 2024-12-31SegmentProperty USAnd Canada491,100,000USD0001053507-26-000035
    Q3 2024Quarterly · 2024-09-30ProductNon Lease Property Revenue138,000,000USD0001053507-25-000149
    Q3 2024Quarterly · 2024-09-30ProductServices Revenue52,400,000USD0001053507-25-000149
    Q3 2024Quarterly · 2024-09-30SegmentProperty Africa6,400,000USD0001053507-24-000130
    Q3 2024Quarterly · 2024-09-30SegmentProperty Asia Pacific0USD0001053507-24-000130
    Q3 2024Quarterly · 2024-09-30SegmentProperty Data Centers34,000,000USD0001053507-24-000130
    Q3 2024Quarterly · 2024-09-30SegmentProperty Europe4,400,000USD0001053507-24-000130
    Q3 2024Quarterly · 2024-09-30SegmentProperty Latin America25,600,000USD0001053507-24-000130
    Q3 2024Quarterly · 2024-09-30SegmentProperty USAnd Canada120,000,000USD0001053507-24-000130
    FY 2023Yearly · 2023-12-31ProductNon Lease Property Revenue604,300,000USD0001053507-26-000035
    FY 2023Yearly · 2023-12-31ProductServices Revenue143,000,000USD0001053507-26-000035
    FY 2023Yearly · 2023-12-31SegmentProperty Africa APAC24,400,000USD0001053507-26-000035
    FY 2023Yearly · 2023-12-31SegmentProperty Data Centers116,500,000USD0001053507-26-000035
    FY 2023Yearly · 2023-12-31SegmentProperty Europe13,500,000USD0001053507-26-000035
    FY 2023Yearly · 2023-12-31SegmentProperty Latin America127,500,000USD0001053507-26-000035
    FY 2023Yearly · 2023-12-31SegmentProperty USAnd Canada465,400,000USD0001053507-26-000035
    FY 2022Yearly · 2022-12-31ProductNon Lease Property Revenue599,600,000USD0001053507-25-000025
    FY 2022Yearly · 2022-12-31ProductServices Revenue241,100,000USD0001053507-25-000025
    FY 2022Yearly · 2022-12-31SegmentProperty Africa APAC27,400,000USD0001053507-25-000025
    FY 2022Yearly · 2022-12-31SegmentProperty Data Centers106,000,000USD0001053507-25-000025
    FY 2022Yearly · 2022-12-31SegmentProperty Europe16,300,000USD0001053507-25-000025
    FY 2022Yearly · 2022-12-31SegmentProperty Latin America154,500,000USD0001053507-25-000025
    FY 2022Yearly · 2022-12-31SegmentProperty USAnd Canada536,500,000USD0001053507-25-000025
    FY 2021Yearly · 2021-12-31ProductNon Lease Property Revenue469,900,000USD0001053507-24-000011
    FY 2021Yearly · 2021-12-31ProductServices Revenue247,300,000USD0001053507-24-000011
    FY 2021Yearly · 2021-12-31SegmentProperty Africa24,400,000USD0001053507-24-000011
    FY 2021Yearly · 2021-12-31SegmentProperty Asia Pacific8,800,000USD0001053507-24-000011
    FY 2021Yearly · 2021-12-31SegmentProperty Data Centers1,300,000USD0001053507-24-000011
    FY 2021Yearly · 2021-12-31SegmentProperty Europe7,600,000USD0001053507-24-000011
    FY 2021Yearly · 2021-12-31SegmentProperty Latin America135,900,000USD0001053507-24-000011
    FY 2021Yearly · 2021-12-31SegmentProperty USAnd Canada539,200,000USD0001053507-24-000011
    Q3 2021Quarterly · 2021-09-30GeographyProperty Africa6,300,000USD0001053507-21-000159
    Q3 2021Quarterly · 2021-09-30GeographyProperty Asia Pacific2,600,000USD0001053507-21-000159
    Q3 2021Quarterly · 2021-09-30GeographyProperty Europe2,100,000USD0001053507-21-000159
    Q3 2021Quarterly · 2021-09-30GeographyProperty Latin America35,100,000USD0001053507-21-000159
    Q3 2021Quarterly · 2021-09-30GeographyProperty USAnd Canada158,600,000USD0001053507-21-000159
    Q2 2021Quarterly · 2021-06-30GeographyProperty Africa6,300,000USD0001053507-21-000129
    Q2 2021Quarterly · 2021-06-30GeographyProperty Asia Pacific1,700,000USD0001053507-21-000129

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.