AMT American Tower Corp.

American Tower Corp. is a real estate investment trust, which owns, operates, and develops multitenant communications real estate. It operates through the following segments: U.S. Property, Asia Property, Europe, Middle East and Africa Property, Latin America Property and Services. The U.S. Property segment operates in the United States. The Asia Property segment refers to the operations in India. The EMEA Property segment includes transactions in Germany, Ghana, Nigeria, South Africa and Uganda. The Latin America Property segment refers to the operations in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Peru. The Services segment offers tower-related services in the United States, including site acquisition, zoning & permitting services and structural analysis services. The company was founded in 1995 and is headquartered in Boston, MA.

Company profile

Ticker

AMT

Exchange

NYSE

Website

www.americantower.com

CEO

James D. Taiclet

Incorporated in

Delaware

Location

Massachusetts

Fiscal year end

Dec 31

Sector

Finance > Real Estate Investment Trusts

Industry (SEC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • Brookfield Property Reit • Vereit • Healthpeak Properties • Two Harbors Investment • Invesco Mortgage Capital • Vornado Realty • Crown Castle International ...

Former names

American Tower Systems Corp

SEC CIK

0001053507

Corporate docs

Articles of Incorporation & Bylaws

IRS number

650723837

AMT stock data

S&P 500

1M 1Y 2Y 5Y

FINRA relative short interest over last month (20 trading days) ?

Company financial data Financial data

Chart AMT financial data

Quarter (USD)	Sep 19	Jun 19	Mar 19	Dec 18
Revenue	1.95B	1.89B	1.81B	2.13B
Net income	498.6M	429.1M	397.4M	277.6M
Diluted EPS	1.12	0.96	0.89	0.62
Net profit margin	25.52%	22.71%	21.91%	13.02%
Operating income	728.3M	683.9M	614.9M	388.9M
Net change in cash	160.4M	187.4M	-203.9M	182.2M
Cash on hand	1.35B	1.19B	1B	1.21B
Cost of revenue	11.9M	13.9M	10.4M

Annual (USD)	Dec 18	Dec 17	Dec 16	Dec 15
Revenue	7.44B	6.66B	5.79B	4.77B
Net income	1.24B	1.24B	956.4M	685.1M
Diluted EPS	2.77	2.67	1.98	1.41
Net profit margin	16.62%	18.59%	16.53%	14.36%
Operating income	1.91B	2B	1.85B	1.61B
Net change in cash	406.6M	14.9M	466.5M	7.21M
Cash on hand	1.21B	802.1M	787.2M	320.7M
Cost of revenue		34.6M	27.7M	33.4M

Financial data from company earnings reports

Institutional ownership Q3 2019

AMT institutional ownership history Ownership history

91.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1249	1210	+3.2%
Opened positions	110	107	+2.8%
Closed positions	71	68	+4.4%
Increased positions	501	427	+17.3%
Reduced positions	459	479	-4.2%

13F shares	Current	Prev Q	Change
Total value	89.47B	83.57B	+7.1%
Total shares	404.79M	408.71M	-1.0%
Total puts	2.48M	3.88M	-36.2%
Total calls	3.18M	2.53M	+25.8%
Total put/call ratio	0.8	1.5	-49.3%

Largest owners	Shares	Value	Change
Vanguard	58.01M	$12.83B	+0.9%
BLK BlackRock	32.45M	$7.18B	+2.9%
FMR	19.36M	$4.28B	-10.1%
STT State Street	18.61M	$4.13B	+1.3%
Wellington Management	18.3M	$4.05B	-23.9%
Capital World Investors	11.4M	$2.52B	-7.7%
Edgewood Management	8.56M	$1.89B	+1.1%
Akre Capital Management	7.19M	$1.59B	-0.0%
NTRS Northern Trust	6.77M	$1.5B	+0.0%
Dimensional Fund Advisors	6.61M	$1.46B	-0.2%

Largest transactions	Shares	Bought/sold	Change
Wellington Management	18.3M	-5.74M	-23.9%
FMR	19.36M	-2.18M	-10.1%
CNS Cohen & Steers	5.97M	-1.76M	-22.8%
Brookfield Public Securities	1.48M	+1.48M	NEW
BAM Brookfield Asset Management	0	-1.42M	EXIT
Jennison Associates	3.62M	+954.99K	+35.9%
Capital World Investors	11.4M	-945.26K	-7.7%
GS Goldman Sachs	4.61M	-913.63K	-16.5%
BLK BlackRock	32.45M	+904.06K	+2.9%
Mitsubishi UFJ Trust & Banking	1.26M	+840.15K	+198.3%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

A substantial portion of our revenue is derived from a small number of tenants, and we are sensitive to changes in the creditworthiness and financial strength of our tenants.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: adequate, broader, cloud, damaged, deterioration, difficult, difficulty, downturn, explicit, factor, forced, implied, imposition, interpretation, lifetime, litigation, modification, occasionally, parent, prolonged, prospectively, rely, resolve, resolved, software, spending, strength, uncollectible, unwilling

From filing 10-Q 2019 Q3