REIT boardRanked among REITs, not on the main board. A REIT's earnings are dominated by depreciation on assets that typically appreciate, so net margin and return on assets understate it against an operating company.
AI-extracted from the 10-Q filed 2026-07-28 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue rose 5% to $2,749.1M as Africa & APAC (+23%), Latin America (+13%) and Data Centers (+13%) offset a 3% U.S. & Canada property decline.
Biggest Revenue Drivers
U.S. & Canada property$1,274.4M-3% YoY
$41.4M decrease in other revenue, primarily $44.0M from straight-line accounting, plus $24.6M churn in excess of escalations, primarily DISH
Latin America property$441.6M+13% YoY
$44.0M from foreign currency translation and $14.1M higher other revenue, partly offset by $13.5M churn from customer cancellations in Brazil
Biggest Revenue Drivers
Total revenue: $2,749.1M+5% YoY
U.S. & Canada property$1,274.4M-3% YoY
$41.4M decrease in other revenue, primarily $44.0M from straight-line accounting, plus $24.6M churn in excess of escalations, primarily DISH
Latin America property$441.6M+13% YoY
$44.0M from foreign currency translation and $14.1M higher other revenue, partly offset by $13.5M churn from customer cancellations in Brazil
Africa & APAC property$415.3M+23% YoY
Tenant billings growth of $35.0M, $23.7M FX translation benefit and $12.6M higher pass-through revenue from fuel costs
Data Centers$297.1M+13% YoY
$20.3M higher rental revenue from new lease commencements, customer expansions and renewal rent increases, plus $8.2M power revenue
Europe property$259.4M+11% YoY
Tenant billings growth of $9.4M, $7.1M EUR translation benefit and $6.5M other revenue from incremental capital contributions
Largest Expense Items
Property costs of operations$707.9M
Higher pass-through costs including fuel and utilities in Africa & APAC (+$31.4M direct expenses) and energy costs in Europe
Depreciation, amortization and accretion$514.4M+1% YoY
Primarily attributable to foreign currency exchange rate fluctuations
Interest expense$354.5M+3% YoY
Total outstanding indebtedness of $37.4 billion as of June 30, 2026
Selling, general, administrative and development$233.8M0% YoY
Stock-based compensation fell $13.1M, offset by higher corporate personnel and professional services costs
Margins: Total property segment gross margin rose 5% to $1,979.9M. U.S. & Canada margin fell 3% on lower revenue; Africa & APAC and Europe margins grew despite higher pass-through fuel and energy costs.
Watch Items from the Filing
DISH filed chapter 11 on June 30, 2026; it was ~2% of total annual property revenue and ~4% of U.S. & Canada property revenue in 2025.
AT&T Mexico arbitration over lease calculations: ~$300 million of 2025 tenant revenue; ~$20 million of reserves in the six months, hearing scheduled August 2026.
Churn was approximately 5% of tenant billings in the six months, primarily DISH; 100% of DISH revenue is reflected in churn beginning January 1, 2026.
Total indebtedness of $37.4 billion with $5.2 billion current, against $9,943.1 million of total liquidity including $1,762.5 million cash.
For the six months, 33% of revenues were denominated in foreign currencies; Q2 growth included $44.0M Latin America and $23.7M Africa & APAC translation benefits.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Font JuanSVP, Pres. & CEO, CoreSiteShares withheld for tax or exercise price · Mar 11, 2026
Congress trading in AMT
36 transactions in AMT reported by 18 members of Congress under the STOCK Act, most recent trade May 11, 2026. Reported transactions, not recommendations.
About AMERICAN TOWER CORP /MA/ (AMT): stock profile, AI score and financials
AMERICAN TOWER CORP /MA/ (AMT) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro's AI-powered ranking engine scores AMT at 69.7/100 on a composite quality score built from its SEC filings, placing it at rank #11 of 148 stocks — the top 10% of the AI-ranked universe. Based on the latest XBRL financial filings (Q2 2026), AMERICAN TOWER CORP /MA/ reports quarterly revenue of $2.7B, net income of $887.5M, an operating margin of 46.2%. Top institutional holders of AMT by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. AMT trades on the NYSE exchange and files with the SEC under CIK 1053507. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AMT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AMERICAN TOWER CORP /MA/ directly from SEC EDGAR.