American Tower Corp
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How American Tower’s Valuation Stacks Up against Its Peers’
Based on its trailing-12-month price-to-AFFO ratio, American Tower is trading at a discount to its main competitor Crown Castle International.
American Tower Continues to Enhance Shareholder Wealth
American Tower converted itself into a REIT in January 2012, and since then it’s been consistent in paying quarterly cash dividends.
What Drove American Tower’s EBITDA Higher in Q2 2018?
American Tower (AMT) reported adjusted EBITDA of $1.08 billion in the second quarter, coming in ahead of analysts’ expectation of $1.07 billion.
Global Expansion Strategy Brings Incremental Revenue for AMT
American Tower (AMT) generates ~45% of its revenue from the international market.
5G Wireless Networks to Fuel Crown Castle’s Future Growth
Crown Castle (CCI) expects its site rental revenue to rise 31%–32% YoY (year-over-year) to $1.172 billion–$1.182 billion in the third quarter, and 27%–28% YoY to $4.673 billion–$4.703 billion in fiscal 2018.
What American Tower’s Global Expansion Strategy Indicates
American Tower’s (AMT) global expansion strategy, which includes acquisitions and joint ventures in several countries (mainly in developing nations), is likely to continue supporting its top line.
This Is Anticipated to Drive American Tower’s Domestic Market
American Tower (AMT) generates ~55% of its revenue from the US market.
What’s Expected to Drive American Tower’s Q2 2018 Earnings
In this series, we’ll look at American Tower’s earnings, shareholder payouts, strategic investments, expectations, and valuation.
Why REIT Valuations Look Attractive as the Market Hits the Roof
In the recently concluded first quarter, more than 95% of REITs reported earnings beats and maintained their guidances for 2018.
American Tower Is Trading at High Multiples amid Global Expansion
American Tower (AMT) is currently trading at a trailing-12-month price-to-FFO ratio of 20.2x.
How Forex Volatility Could Affect American Tower’s Operations
While the US dollar was expected to gain from the growing economy and the rising interest rates, the recent tax cuts have flipped the scenario.
A Look into American Tower’s Major Revenue Drivers
American Tower (AMT) owns and operates over 160,000 communications sites around the world.
What to Expect from American Tower in 2018 amid 5G Rollout
American Tower is likely to continue on a growth trajectory on the back of strategic investments and rapid expansion in emerging markets.
Analysts Give Crown Castle Stock Mostly ‘Buy’ Ratings in 2018
Analyst ratings Crown Castle’s (CCI) 2018 performance expectations have been reflected in its analyst ratings. Of the 21 analysts covering the stock in January 2018, 13 have recommended “buy” or “strong buy” (as was the case in December 2017), and eight have recommended “hold.” Analysts have given Crown Castle a mean price target of $116.89, implying a […]
Where Crown Castle Stands among Peers
Peer comparison In 4Q17, Crown Castle (CCI) had FFO[1.funds from operations] per share of $1.25, and in 2018, it’s expected to see FFO per share of $5.23 due to its acquisition of Lightower. The company is expected to grow 7.8% in 2018, 11.4% in 2019, and at a five-year rate of 15.5%. Trading slightly lower rate than the industry […]
How Crown Castle Rewards Shareholders
Crown Castle’s dividend policy In 4Q17, Crown Castle (CCI) announced a dividend of $0.95 per share, bringing its 2017 dividend to $3.89, compared with $3.60 in 2016. It paid a dividend of $3.34 in 2015. Its dividend yield is currently 3.8%, and its three-year dividend growth rate is 27.8%. The company achieved its long-term annual dividend growth target of […]
A Look into Crown Castle’s Business Model
Major customers Crown Castle’s (CCI) customer base comprises wireless carriers operating in national networks and carriers renting small cell networks, including those of healthcare, education, and government organizations. Crown Castle’s key strategy is to acquire large tower clusters and leverage its relationships with carriers in US markets. Of its fiscal 2017 revenue, it derived 22% from AT&T (T), […]
Crown Castle Beats Revenue and Boosts Estimates
Crown Castle (CCI) has increased its site rental revenue estimate for 2018 by $36 million to $4.6 billion, representing a 26% YoY (year-over-year) gain.
Analysts’ Views of American Tower
As of January 2018, 21 of the 22 analysts covering American Tower stock have given it a “buy” or “strong buy” rating. The remaining analyst gave it a “hold” rating.
American Tower’s Disciplined Capital Allocation
American Tower (AMT) deployed $600 million of capital in 3Q17, bringing its year-to-date amount to $3.6 billion.
A Look at American Tower’s Well-Built Balance Sheet
During 3Q17, American Tower (AMT) strengthened its revenues on higher organic growth in domestic and international markets such as India and Mexico.
American Tower’s Strong Hold in the International Market
Mexico is one of American Tower’s (AMT) vital international markets. AMT has entered into an agreement to acquire certain telecommunication assets in Mexico.
These Factors Are Helping American Tower’s Growth
Data usage is increasing in international markets due to smartphone penetration.
American Tower Riding High with Strong Organic Growth
American Tower (AMT) has increased its 2017 revenue outlook to $6.55 billion from $6.53 billion, an addition of $15 million and a 0.2% increase.
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What Analysts Think about the Top 3 Wireless REITs after 2Q17
The wireless tower owners’ expected performance in fiscal 2017 is reflected in the analysts’ ratings for the companies.
How the Top 3 Wireless Tower REITs Performed in 2Q17
In this series, we’ll analyze the 2Q17 results of American Tower (AMT), SBAC Communications (SBAC), and Crown Castle International (CCI).
American Tower’s Place among Peers after 2Q17
AMT’s current price-to-FFO multiple stands at ~22.1x. After 2Q17, American Tower offers a next-12-month dividend yield of 1.9%.
The Story behind American Tower’s Strong Balance Sheet
In 2Q17, American Tower (AMT) topped its 2Q16 results on higher organic tenant billing and prudent cost controls.
How American Tower Rewarded Stockholders in 2Q17
In 2Q17, American Tower distributed cash worth $275 million among its common stockholders and paid preferred stock dividends totaling $27 million.
Can American Tower Maintain Consistent EBITDA Growth after 2Q17?
American Tower’s (AMT) 2Q17 EBITDA grew 17.5% to $1.02 billion. These results surpassed the analysts’ expectations of $1 billion.
American Tower’s 2Q17 Growth Rode on This
American Tower’s (AMT) total deployment consisted of $79 million for acquisitions and over $400 million for stock repurchases.
Behind American Tower’s Robust 2Q17 Revenue Growth
For 2Q17, American Tower (AMT) has reported robust double-digit revenue growth of 15.3%, backed primarily by higher tenant billing growth.
What Lies Ahead for American Tower
For fiscal 2017, American Tower expects to report property revenues that would be 14% higher on a year-over-year basis, or by $25 million.
Inside American Tower’s 2Q17 Results: What You Need to Know
For 2Q17, American Tower (AMT) reported adjusted funds from operation of $1.58 per share, meeting Wall Street estimates and topping 2Q16 by 18.8%.
American Tower: A Peer Comparison
AMT’s current price-to-FFO ratio stands at 20.06x. The company has undertaken several acquisitions and strategic partnerships to boost its presence in high-demand geographies.
Will American Tower Boost Its Shareholders’ Returns in 2Q17?
American Tower has paid dividends to its shareholders in every quarter since it became a public company. On June 1, AMT hiked its quarterly dividend by 3.2%.
Will AMT’s Business Model Drive Higher Earnings in 2Q17?
According to Wall Street analysts, American Tower (AMT) is expected to report EBITDA (earnings before income tax, depreciation, and amortization) of $1 billion in 2Q17.
What Are the Main Contributors to AMT’s 2Q17 Revenue Growth?
Wireless tower owner American Tower (AMT) is expected to post flat year-over-year (or YoY) top and bottom line results when it releases its 2Q17 earnings on July 27, 2017.
Will American Tower Ride High on Its Top Line in 2Q17?
Analysts expect wireless tower operator American Tower (AMT) to report revenue of $1.6 billion in its 2Q17 earnings call on July 27, 2017.
What to Expect from Wireless REIT American Tower in 2Q17
American Tower is scheduled to report its 2Q17 earnings on July 27, 2017. Analysts expect it to report adjusted funds from operations per diluted share of $1.58.
Crown Castle on the Street: Inside the Analyst Ratings
Analysts have given CCI a mean price target of $106.83, implying a rise of 7.1% from its current level of $99.75.
Where Crown Castle Stands among the Biggest Industry Players
CCI’s higher price-to-FFO multiple reflects the company’s ability to yield consistent capital value and its distribution of reliable and steady dividends.
How Well Is Crown Castle Leveraging Its Balance Sheet?
It’s extremely important for REITs to maintain optimum debt levels, and managers work constantly to leverage balance sheets in the best possible ways.
Why Some Are Investors Are Bullish on Crown Castle
REITs (real estate investment trusts) typically have to pay 90% of their taxable income to shareholders to qualify as an equity.
Crown Castle amid the 5G Threat to Cell Towers
Many wireless providers are now opting for 5G (fifth-generation) technology for higher speeds and network reliability.
Behind Crown Castle’s Investment in 5G
Crown Castle has been quick to respond to the needs of the day, focusing on new technology and transforming itself from a tower company to a fiber provider.
Why Crown Castle Expects to See Revenue Growth
Crown Castle is expected to keep riding high on its current growth trajectory, driven by strategic investments and exposure to the booming small cell business.
Introducing Crown Castle: A Wireless REIT amid Telecom Headwinds
CCI has raised its fiscal 2017 outlook for AFFO by $4 million. This enhanced guidance reflects the company’s increase in tower leasing activity.
How Wall Street Analysts Rate American Tower
Analysts gave AMT a mean price target of $143.14, implying a rise of 8.7% from its current level of $131.70. In May 2017, 22 of 23 analysts covering AMT stock issued “buy” or “strong buy” ratings.
Comparing American Tower with Retail REITs in Its Industry
AMT’s current price-to-FFO multiple is ~20.1x.
How Well Does American Tower Manage Its Balance Sheet?
AMT reported a debt-to-equity ratio of ~2.8x in 1Q17. The industry median debt-to-equity ratio is ~1.1x.
American Tower: A Rewarding Stock for Shareholders
AMT has maintained a consistent dividend yield over the last two years. Its dividend yield was ~1.8% in 2015 and ~2.0% in 2016.
How Telecom Industry Ownership Could Affect American Tower
Under the leadership of Ajit Pai and Jeffrey Eisenach, the FCC is expected to unblock several stalled deals as well as pave the way for some new deals.
5G Is the Future of Internet Data—Is It a Threat to AMT?
More than 95% of AMT’s towers are located in suburban and rural areas, where the majority of the US population resides.
American Tower’s Business Model Seeks Consistent Profitability
AMT maintains non-cancellable long-term leases with an initial term of ten years. Almost 50% of the company’s leases have a renewal date of 2022 or beyond.
American Tower’s Enhanced Fiscal 2017 Outlook on Growth Opportunities
American Tower’s (AMT) revenues rose ~26% in 1Q17, driven by 22% growth in its Tenant Billings business and 8.6% growth in its Organic Tenant Billings business.
American Tower Rises above Uncertainty in Wireless Tower Sector
For fiscal 2017, American Tower (AMT) expects to report adjusted funds from operations exceeding $2.8 billion. This figure is $55 million, or ~2%, higher than expected by the company.
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What Are Analysts’ Recommendations for American Tower’s Stock?
On January 23, 2017, the majority of analysts recommended “buys” on American Tower’s stock. These recommendations represented ~87.0% of the 23 analysts covering the stock.
What Analysts Expect from American Tower’s 4Q16 Earnings
American Tower will report its 4Q16 results on February 24, 2017. In this series, we’ll take a look at the expectations for the company’s performance during the quarter.
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An Overview of the Wireless Tower Industry
Industry profitability has increased mainly due to improved pricing of wireless service contracts and the strengthening of infrastructure investments.
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Verizon’s Transaction with American Tower: What You Need to Know
Verizon (VZ) signed an agreement with American Tower (AMT) for a wireless tower portfolio transaction on February 5, 2015.
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