American Tower's Quarterly Earnings Preview: What You Need to Know

Company Overview - American Tower Corporation (AMT) has a market cap of $85.9 billion and is a leading independent owner, operator, and developer of multitenant communications real estate, managing nearly 149,000 communications sites globally [1] Financial Performance - Analysts project AMT to report an AFFO of $2.47 per share for fiscal Q4 2025, reflecting a 6.5% increase from $2.32 per share in the same quarter last year [2] - For fiscal 2025, the forecasted AFFO is $10.30 per share, down 2.3% from $10.54 per share in fiscal 2024, but expected to grow to $10.78 per share in fiscal 2026, a year-over-year increase of 4.7% [3] Stock Performance - Over the past 52 weeks, AMT shares have declined by 3.4%, underperforming the S&P 500 Index's gain of 16.9% and the State Street Real Estate Select Sector SPDR ETF's rise of 2.7% [4] - Despite reporting better-than-expected Q3 2025 AFFO of $2.78 per share and revenues of $2.72 billion, AMT's shares fell by 3.7% due to flat property revenue in the U.S. and Canada and a modest overall property segment increase [5] Analyst Ratings - The consensus view on AMT stock is cautiously optimistic, with a "Moderate Buy" rating. Among 22 analysts, 14 suggest a "Strong Buy," one a "Moderate Buy," and seven recommend a "Hold" [6] - The average analyst price target for American Tower is $219.25, indicating a potential upside of 19.4% from current levels [6]