AMT
NYSE · Real Estate · REIT - Specialty · US
Research · Nov 3, 2026
AI Infrastructure Leasing Shifts Toward Existing Powered Sites
SBA Communications and Mapletree Industrial Trust say AI inference tenants are leasing already-powered towers and older data centers as new capacity waits on power.
Research · Oct 29, 2026
American Tower Q3 2026: US Tower Leasing Slows, Organic Growth Flat
American Tower Q3 2026 US colocations fell to $25 million and US organic tenant billings growth went flat, while CoreSite grew 17.4% and Africa 8.2%.
Research · Oct 3, 2026
[AMT] American Tower: Q3 2026 earnings preview on U.S. tower growth after DISH
American Tower grew Q2 2026 AFFO per share 4.2% to $2.71 while U.S. organic billings rose only 0.7%; Q3 tests whether carrier amendments can keep offsetting DISH churn.
Research · Sep 3, 2026
[AMT] American Tower Thesis 2026: Operating Income Grows as Balance Sheet Deleverages
American Tower FY25 (Dec 31, 2025) at $10.65B revenue (+5.1%). OpInc $4.88B (+8%); Net income $2.53B (+12%); Diluted EPS $5.39. FCF $3.78B (+2%); Capex $1.68B; Dividends $3.16B. Total debt $45.0B (-$1.3B). US&Canada Towers ~55%; Africa ~15%; Europe+LatAm+APAC ~20%; Data Centers (CoreSite) ~10%. Mizuho upgraded N→OP Apr 15 ($189→$205); Bernstein initiated MP $205 Mar 5; UBS $254→$248; MS $225→$220.
Research · Apr 13, 2026
SBAC Buyout Rumors Rattle Tower Stocks — Is AMT or CCI Next to Move?
SBA Communications rallied on buyout reports, spotlighting undervaluation versus peers AMT and CCI amid high debt and M&A potential. Valuations show SBAC as the cheapest entry, with premiums likely if a deal materializes. Watch for bid updates and sector ripple effects.
Research · Apr 13, 2026
Hot Inflation Kills Rate Cut Hopes: JPM Surges While REITs and Utilities Crack
Hotter-than-expected inflation dashed rate cut hopes, favoring banks like JPM and WFC via NIM expansion while pressuring debt-laden REITs (PLD, AMT) and utilities (NEE, DUK). JPM tops conviction ranks with superior scale; REITs lag on cap rate risks. Prolonged high rates could widen these gaps further.
Research · Apr 10, 2026
10-Year Treasury Yield Outlook: JPM Wins, NEE and AMT Face Debt Squeeze
ETF Trends' March 2026 10-year Treasury yield analysis forecasts elevated rates, favoring banks like JPM and BAC via NIM expansion while pressuring leveraged utilities (NEE, DUK) and REITs (PLD, AMT) on debt costs and valuations. JPM tops conviction rankings for its balance sheet strength; AMT ranks as most vulnerable.