Last $95.16 USD
Change Today -0.72 / -0.75%
Volume 2.7M
AMT On Other Exchanges
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Exchange
New York
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

116 Huntington Avenue

11th Floor

Boston, MA 02116

United States

Phone: 617-375-7500

Fax: 617-375-7575

y Interests In addition to its communications sites, the company also owns and operates DAS networks, provides communications site management services to third parties, and manages and/or leases property interests under carrier or other third-party communications sites. DAS Networks: The company owns and operates approximately 260 DAS networks in malls, casinos, and other in-building applications in the United States, Mexico, and Brazil. It obtains rights from property owners to install and operate in-building DAS networks, and it grants rights to wireless service providers to attach their equipment to its installations. The company also offers outdoor DAS networks as a complementary shared infrastructure solution for its tenants, and operates such networks in the United States. It designs, builds, and operates its DAS networks in areas in which zoning restrictions or other barriers might prevent or delay deployment of various traditional wireless communications sites. Rooftop Management: The company provides management services to property owners in the United States who own rooftops that are capable of hosting wireless communications equipment. It obtains rights to manage a rooftop by entering into contracts with property owners. Property Interests: The company owns a portfolio of property interests in the United States under carrier or other third-party communications sites, which provides recurring cash flow under complementary leasing arrangements. Network Development Services The company, through its Network Development Services segment, offers tower-related services domestically, including site acquisition, zoning and permitting services, and structural analysis services, which primarily support its site leasing business and the addition of new tenants and equipment on its sites. Site Acquisition, Zoning, and Permitting: The company engages in site acquisition services on its own behalf in connection with its tower development projects, as well as on behalf of its tenants. The company works with its tenants’ engineers to determine the geographic areas where new tower sites would address the tenants’ needs and meet their coverage objectives. Structural Analysis: The company offers structural analysis services to wireless carriers in connection with the installation of their communications equipment on its towers. Its team of engineers could evaluate whether a tower structure could support the additional burden of the new equipment or if an upgrade is needed, which enables its tenants to assess sites before making an installation decision. Tax Status The company has elected to be taxed as a real estate investment trust. As a result, the company would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. It distributes approximately 90% of its taxable income to stockholders. Competition The company competes with Crown Castle International Corp., SBA Communications Corporation, Indus Towers, Viom Networks, and GTL. History American Tower Corporation was founded in 1995.

 

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AMT Competitors

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Company Last Change
Crown Castle International Corp $79.74 USD -0.44
Frontier Communications Corp $6.60 USD +0.055
SBA Communications Corp $112.13 USD -0.72
SES SA €27.99 EUR -0.01
Sirius XM Holdings Inc $3.57 USD -0.065
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Industry Analysis

AMT

Industry Average

Valuation AMT Industry Range
Price/Earnings 53.3x
Price/Sales 10.0x
Price/Book 8.6x
Price/Cash Flow 23.0x
TEV/Sales 6.2x
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