American Tower's Q3 2025 Earnings: What to Expect

Core Insights - American Tower Corporation (AMT) has a market cap of $89.7 billion and is a leading independent owner, operator, and developer of multitenant communications real estate with nearly 150,000 communications sites [1] - The company is expected to report a fiscal Q3 2025 AFFO of $2.55 per share, a 3.4% decrease from the previous year, but has a strong track record of exceeding Wall Street estimates [2] - For fiscal 2025, analysts forecast an AFFO of $10.21 per share, down 3.1% from fiscal 2024, but expect a 6.5% year-over-year growth to $10.87 per share in fiscal 2026 [3] Performance Overview - American Tower shares have declined 15.8% over the past 52 weeks, underperforming the S&P 500 Index's 13.5% gain and the Real Estate Select Sector SPDR Fund's 6.6% decrease [4] - On July 29, shares fell 4.2% after the company lowered its 2025 organic tenant billings growth outlook to about 4.3% and cut its leasing forecast by approximately $5 million, alongside a reduced net income forecast due to weaker foreign currency impacts [5] Analyst Sentiment - The consensus view on AMT stock is strongly optimistic, with a "Strong Buy" rating from 16 out of 23 analysts, one "Moderate Buy," and six "Hold" recommendations [6] - The average analyst price target for American Tower is $240.30, indicating a potential upside of 25.5% from current levels [6]