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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.02
AMT's Cash to Debt is ranked lower than
95% of the 462 Companies
in the Global Telecom Services industry.

( Industry Median: 0.43 vs. AMT: 0.02 )
Ranked among companies with meaningful Cash to Debt only.
AMT' s Cash to Debt Range Over the Past 10 Years
Min: 0.01  Med: 0.05 Max: N/A
Current: 0.02
Equity to Asset 0.25
AMT's Equity to Asset is ranked lower than
74% of the 452 Companies
in the Global Telecom Services industry.

( Industry Median: 0.41 vs. AMT: 0.25 )
Ranked among companies with meaningful Equity to Asset only.
AMT' s Equity to Asset Range Over the Past 10 Years
Min: 0.17  Med: 0.36 Max: 0.86
Current: 0.25
0.17
0.86
Interest Coverage 2.62
AMT's Interest Coverage is ranked lower than
79% of the 313 Companies
in the Global Telecom Services industry.

( Industry Median: 8.93 vs. AMT: 2.62 )
Ranked among companies with meaningful Interest Coverage only.
AMT' s Interest Coverage Range Over the Past 10 Years
Min: 0.64  Med: 2.61 Max: 3.19
Current: 2.62
0.64
3.19
F-Score: 5
Z-Score: 1.45
M-Score: -2.61
WACC vs ROIC
7.00%
5.98%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 34.30
AMT's Operating margin (%) is ranked higher than
95% of the 459 Companies
in the Global Telecom Services industry.

( Industry Median: 8.31 vs. AMT: 34.30 )
Ranked among companies with meaningful Operating margin (%) only.
AMT' s Operating margin (%) Range Over the Past 10 Years
Min: 15.16  Med: 36.97 Max: 39.51
Current: 34.3
15.16
39.51
Net-margin (%) 13.94
AMT's Net-margin (%) is ranked higher than
82% of the 460 Companies
in the Global Telecom Services industry.

( Industry Median: 3.85 vs. AMT: 13.94 )
Ranked among companies with meaningful Net-margin (%) only.
AMT' s Net-margin (%) Range Over the Past 10 Years
Min: -19.2  Med: 16.31 Max: 22.16
Current: 13.94
-19.2
22.16
ROE (%) 9.47
AMT's ROE (%) is ranked higher than
55% of the 440 Companies
in the Global Telecom Services industry.

( Industry Median: 7.01 vs. AMT: 9.47 )
Ranked among companies with meaningful ROE (%) only.
AMT' s ROE (%) Range Over the Past 10 Years
Min: -6.03  Med: 11.25 Max: 21.4
Current: 9.47
-6.03
21.4
ROA (%) 2.61
AMT's ROA (%) is ranked higher than
50% of the 471 Companies
in the Global Telecom Services industry.

( Industry Median: 2.61 vs. AMT: 2.61 )
Ranked among companies with meaningful ROA (%) only.
AMT' s ROA (%) Range Over the Past 10 Years
Min: -2.61  Med: 3.36 Max: 4.84
Current: 2.61
-2.61
4.84
ROC (Joel Greenblatt) (%) 15.57
AMT's ROC (Joel Greenblatt) (%) is ranked higher than
50% of the 463 Companies
in the Global Telecom Services industry.

( Industry Median: 15.57 vs. AMT: 15.57 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
AMT' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 3.03  Med: 19.27 Max: 23.32
Current: 15.57
3.03
23.32
Revenue Growth (3Y)(%) 18.80
AMT's Revenue Growth (3Y)(%) is ranked higher than
87% of the 400 Companies
in the Global Telecom Services industry.

( Industry Median: 2.60 vs. AMT: 18.80 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
AMT' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -90.3  Med: 12.80 Max: 1931.3
Current: 18.8
-90.3
1931.3
EBITDA Growth (3Y)(%) 21.30
AMT's EBITDA Growth (3Y)(%) is ranked higher than
84% of the 335 Companies
in the Global Telecom Services industry.

( Industry Median: 1.20 vs. AMT: 21.30 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
AMT' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -89.1  Med: 12.20 Max: 1893.2
Current: 21.3
-89.1
1893.2
EPS Growth (3Y)(%) 26.50
AMT's EPS Growth (3Y)(%) is ranked higher than
81% of the 322 Companies
in the Global Telecom Services industry.

( Industry Median: 1.30 vs. AMT: 26.50 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
AMT' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -93.5  Med: 32.90 Max: 3213.2
Current: 26.5
-93.5
3213.2
» AMT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2014

AMT Guru Trades in Q4 2014

Louis Moore Bacon 366,000 sh (New)
Ken Heebner 630,000 sh (New)
Pioneer Investments 2,120 sh (New)
Jim Simons 710,339 sh (+101.26%)
Ron Baron 335,579 sh (+54.80%)
Chris Davis Sold Out
Ray Dalio Sold Out
Paul Tudor Jones Sold Out
Caxton Associates Sold Out
Chuck Akre 4,017,081 sh (-0.01%)
Jeremy Grantham 102,200 sh (-15.05%)
» More
Q1 2015

AMT Guru Trades in Q1 2015

Ray Dalio 14,710 sh (New)
Joel Greenblatt 20,722 sh (New)
Paul Tudor Jones 21,369 sh (New)
Ron Baron 463,379 sh (+38.08%)
Jeremy Grantham 115,500 sh (+13.01%)
Pioneer Investments 2,140 sh (+0.94%)
Chuck Akre 4,052,553 sh (+0.88%)
Ken Heebner Sold Out
Louis Moore Bacon 325,000 sh (-11.20%)
Jim Simons 169,239 sh (-76.17%)
» More
Q2 2015

AMT Guru Trades in Q2 2015

Chris Davis 107,336 sh (New)
Tom Gayner 8,000 sh (New)
Louis Moore Bacon 450,000 sh (+38.46%)
Chuck Akre 5,274,014 sh (+30.14%)
Ray Dalio Sold Out
Pioneer Investments Sold Out
Paul Tudor Jones Sold Out
Joel Greenblatt Sold Out
Ron Baron 463,079 sh (-0.06%)
Jeremy Grantham 95,200 sh (-17.58%)
Jim Simons 11,139 sh (-93.42%)
» More
Q3 2015

AMT Guru Trades in Q3 2015

Paul Tudor Jones 8,249 sh (New)
Jim Simons 732,139 sh (+6472.75%)
Tom Gayner 20,000 sh (+150.00%)
Chuck Akre 6,303,493 sh (+19.52%)
Louis Moore Bacon Sold Out
Ron Baron 453,279 sh (-2.12%)
Chris Davis 89,225 sh (-16.87%)
Jeremy Grantham 29,834 sh (-68.66%)
» More
» Details

Insider Trades

Latest Guru Trades with AMT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Preferred stocks of American Tower Corp

SymbolPriceYieldDescription
AMTPRA95.812.745 1/4 % Conv Pfd Shs Series -A-
AMTPRB96.241.16Deposit Shs Repr 1/10th Conv 5 1/2 % Mand Conv Cum Pfd Shs Series -B-

Guru Investment Theses on American Tower Corp

Chuck Akre Comments on American Tower Corporation - Jul 23, 2014

American Tower Corporation (“American Tower”) (NYSE: AMT)

Market Cap: $35.6 billion (as of 6/30/14)

Company overview:

American Tower (AMT), organized as real estate investment trust (REIT), is the largest independent U.S.-based owner of cellphone towers. The company’s rental and management operations include leasing antenna space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, and wireless data providers. Revenue and earnings are fueled by more towers, more equipment and tenants per tower, long-term hell-or-high water leases with annual pricing escalators and very high incremental margins.

Akre Focus Fund Investment:

The Fund made its first small investment in American Tower upon its inception in 2009, having had prior investments in the company for many years. Early this year we were able to take advantage of some price dislocation and add to the position. As of June 2014, AMT represents 8.9% of the portfolio.

Investment thesis:

We believe that cell towers are the “bottleneck” business within wireless data and communications, spanning countries, wireless carriers, handset manufacturers, and connected devices. The physics of radio frequency, signal propagation, and spectrum reuse and handoff promise an ongoing reliance on macro towers for network deployment, and the increasing demands being placed on these networks from 4G and skyrocketing wireless broadband data consumption herald the need for more towers, more tenants/equipment per tower, and more high incremental margin revenue growth for American Tower, which already boasts an Adjusted Funds from Operations, (AFFO)* margin over 40%. Moreover, wireless markets have been following similar growth trajectories as the U.S., and American Tower closed 2013 with nearly two-thirds of its towers outside the U.S. in countries such as India, Brazil, Mexico, Germany and South Africa. We believe this global scope affords a compelling runway for reinvestment.



The Investment Examples included herein have been selected based on objective, non-performance based selection criteria, solely to provide general examples of the research and investment processes of the Fund. The Investment Examples should not be construed as an indicator of the future performance. The information presented above should not be considered a recommendation to purchase or sell any particular security. There can be no assurance that any securities discussed herein will be a part of the Fund’s portfolio or, if sold, will not be repurchased.

* Adjusted Funds from Operations, (AFFO) is A measure of a Real Estate Investment Trust (REIT)'s financial performance. This metric takes into account a REIT's Funds From Operations (FFO) and adjusts for recurring spending the company does to maintain the quality of its underlying real estate assets.

From Chuck Akre (Trades, Portfolio)’s 2014 Q2 Fund Pitchbook .

Check out Chuck Akre latest stock trades

Top Ranked Articles about American Tower Corp

Chuck Akre Adds to Existing Stakes in 3rd Quarter Guru beefs up stakes in American Tower, CarMax, Dollar Tree, MasterCard
When Chuck Akre (Trades, Portfolio) of Akre Capital Management looks for investment opportunities, he looks for four things: Verifiable track records, solid competitive advantages, opportunities for growth or reinvestment and appealing purchase prices. Read more...
Investor Chuck Akre Boosts Highest-Conviction Holdings Akre concentrates his portfolio in best stocks
Chuck Akre (Trades, Portfolio) oversees $4.9 billion in both private and public mutual fund investments at the Virginia-based asset management firm Akre Capital Management. His team concentrates their portfolio in a small number of positions that they believe have “extraordinary businesses,” honest management and wisely reinvested free cash flow – a trio it dubs “the three-legged stool.” Read more...
Chuck Akre on Compounding Machine Notes on guru's conversation with Wealth Track
Renowned value investor Chuck Akre (Trades, Portfolio) gave this great interview on Wealth Track on the topic of compounding machine. This article is the compilation of my notes from this interview. The interview can be found on YouTube through the following link: Read more...
Chuck Akre Invests in American Tower in First Quarter
Guru Chuck Akre (Trades, Portfolio)’s only new buy in the first quarter – American Tower Corp (NYSE:AMT) – was sufficient to make that stake the second-most valuable in his portfolio behind MasterCard Inc (NYSE:MA). Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 65.86
AMT's P/E(ttm) is ranked lower than
91% of the 682 Companies
in the Global Telecom Services industry.

( Industry Median: 18.20 vs. AMT: 65.86 )
Ranked among companies with meaningful P/E(ttm) only.
AMT' s P/E(ttm) Range Over the Past 10 Years
Min: 30.65  Med: 56.87 Max: 874.04
Current: 65.86
30.65
874.04
Forward P/E 27.93
AMT's Forward P/E is ranked lower than
86% of the 477 Companies
in the Global Telecom Services industry.

( Industry Median: 14.88 vs. AMT: 27.93 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 65.86
AMT's PE(NRI) is ranked lower than
90% of the 424 Companies
in the Global Telecom Services industry.

( Industry Median: 17.70 vs. AMT: 65.86 )
Ranked among companies with meaningful PE(NRI) only.
AMT' s PE(NRI) Range Over the Past 10 Years
Min: 39.78  Med: 57.24 Max: 672
Current: 65.86
39.78
672
P/B 5.68
AMT's P/B is ranked lower than
98% of the 702 Companies
in the Global Telecom Services industry.

( Industry Median: 2.03 vs. AMT: 5.68 )
Ranked among companies with meaningful P/B only.
AMT' s P/B Range Over the Past 10 Years
Min: 2.07  Med: 5.53 Max: 10.09
Current: 5.68
2.07
10.09
P/S 8.15
AMT's P/S is ranked lower than
99.99% of the 703 Companies
in the Global Telecom Services industry.

( Industry Median: 1.02 vs. AMT: 8.15 )
Ranked among companies with meaningful P/S only.
AMT' s P/S Range Over the Past 10 Years
Min: 5.24  Med: 9.84 Max: 14.34
Current: 8.15
5.24
14.34
PFCF 27.58
AMT's PFCF is ranked lower than
73% of the 539 Companies
in the Global Telecom Services industry.

( Industry Median: 16.91 vs. AMT: 27.58 )
Ranked among companies with meaningful PFCF only.
AMT' s PFCF Range Over the Past 10 Years
Min: 16.5  Med: 31.67 Max: 41.11
Current: 27.58
16.5
41.11
POCF 17.46
AMT's POCF is ranked lower than
88% of the 703 Companies
in the Global Telecom Services industry.

( Industry Median: 7.44 vs. AMT: 17.46 )
Ranked among companies with meaningful POCF only.
AMT' s POCF Range Over the Past 10 Years
Min: 12.31  Med: 20.18 Max: 28.68
Current: 17.46
12.31
28.68
EV-to-EBIT 39.69
AMT's EV-to-EBIT is ranked lower than
95% of the 697 Companies
in the Global Telecom Services industry.

( Industry Median: 14.39 vs. AMT: 39.69 )
Ranked among companies with meaningful EV-to-EBIT only.
AMT' s EV-to-EBIT Range Over the Past 10 Years
Min: -785.5  Med: 37.70 Max: 297.3
Current: 39.69
-785.5
297.3
EV-to-EBITDA 21.15
AMT's EV-to-EBITDA is ranked lower than
99.99% of the 701 Companies
in the Global Telecom Services industry.

( Industry Median: 7.93 vs. AMT: 21.15 )
Ranked among companies with meaningful EV-to-EBITDA only.
AMT' s EV-to-EBITDA Range Over the Past 10 Years
Min: 12.4  Med: 22.20 Max: 31.2
Current: 21.15
12.4
31.2
PEG 4.11
AMT's PEG is ranked lower than
69% of the 148 Companies
in the Global Telecom Services industry.

( Industry Median: 2.17 vs. AMT: 4.11 )
Ranked among companies with meaningful PEG only.
AMT' s PEG Range Over the Past 10 Years
Min: 2.79  Med: 3.81 Max: 8.61
Current: 4.11
2.79
8.61
Shiller P/E 92.67
AMT's Shiller P/E is ranked lower than
93% of the 205 Companies
in the Global Telecom Services industry.

( Industry Median: 16.45 vs. AMT: 92.67 )
Ranked among companies with meaningful Shiller P/E only.
AMT' s Shiller P/E Range Over the Past 10 Years
Min: 92.07  Med: 156.62 Max: 614.62
Current: 92.67
92.07
614.62
Current Ratio 0.69
AMT's Current Ratio is ranked lower than
75% of the 455 Companies
in the Global Telecom Services industry.

( Industry Median: 1.14 vs. AMT: 0.69 )
Ranked among companies with meaningful Current Ratio only.
AMT' s Current Ratio Range Over the Past 10 Years
Min: 0.12  Med: 1.14 Max: 8.14
Current: 0.69
0.12
8.14
Quick Ratio 0.69
AMT's Quick Ratio is ranked lower than
72% of the 455 Companies
in the Global Telecom Services industry.

( Industry Median: 1.04 vs. AMT: 0.69 )
Ranked among companies with meaningful Quick Ratio only.
AMT' s Quick Ratio Range Over the Past 10 Years
Min: 0.12  Med: 1.12 Max: 8.08
Current: 0.69
0.12
8.08
Days Sales Outstanding 16.58
AMT's Days Sales Outstanding is ranked higher than
85% of the 359 Companies
in the Global Telecom Services industry.

( Industry Median: 47.09 vs. AMT: 16.58 )
Ranked among companies with meaningful Days Sales Outstanding only.
AMT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.14  Med: 14.64 Max: 18.22
Current: 16.58
8.14
18.22
Days Payable 29.57
AMT's Days Payable is ranked lower than
74% of the 303 Companies
in the Global Telecom Services industry.

( Industry Median: 62.79 vs. AMT: 29.57 )
Ranked among companies with meaningful Days Payable only.
AMT' s Days Payable Range Over the Past 10 Years
Min: 30.14  Med: 152.30 Max: 255.02
Current: 29.57
30.14
255.02

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.04
AMT's Dividend Yield is ranked lower than
84% of the 702 Companies
in the Global Telecom Services industry.

( Industry Median: 3.56 vs. AMT: 2.04 )
Ranked among companies with meaningful Dividend Yield only.
AMT' s Dividend Yield Range Over the Past 10 Years
Min: 0.59  Med: 1.40 Max: 2.02
Current: 2.04
0.59
2.02
Dividend Payout 1.27
AMT's Dividend Payout is ranked lower than
68% of the 360 Companies
in the Global Telecom Services industry.

( Industry Median: 0.47 vs. AMT: 1.27 )
Ranked among companies with meaningful Dividend Payout only.
AMT' s Dividend Payout Range Over the Past 10 Years
Min: 0.4  Med: 0.81 Max: 3.58
Current: 1.27
0.4
3.58
Forward Dividend Yield 2.21
AMT's Forward Dividend Yield is ranked lower than
80% of the 624 Companies
in the Global Telecom Services industry.

( Industry Median: 4.11 vs. AMT: 2.21 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 2.02
AMT's Yield on cost (5-Year) is ranked lower than
84% of the 701 Companies
in the Global Telecom Services industry.

( Industry Median: 3.38 vs. AMT: 2.02 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
AMT' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.59  Med: 1.40 Max: 2.02
Current: 2.02
0.59
2.02

Valuation & Return

vs
industry
vs
history
Price/Projected FCF 2.05
AMT's Price/Projected FCF is ranked lower than
78% of the 516 Companies
in the Global Telecom Services industry.

( Industry Median: 1.23 vs. AMT: 2.05 )
Ranked among companies with meaningful Price/Projected FCF only.
AMT' s Price/Projected FCF Range Over the Past 10 Years
Min: 1.74  Med: 2.32 Max: 4.33
Current: 2.05
1.74
4.33
Price/DCF (Earnings Based) 8.39
AMT's Price/DCF (Earnings Based) is ranked lower than
95% of the 125 Companies
in the Global Telecom Services industry.

( Industry Median: 1.97 vs. AMT: 8.39 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 0.83
AMT's Price/Median PS Value is ranked higher than
57% of the 699 Companies
in the Global Telecom Services industry.

( Industry Median: 0.89 vs. AMT: 0.83 )
Ranked among companies with meaningful Price/Median PS Value only.
AMT' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.01  Med: 0.99 Max: 3.11
Current: 0.83
0.01
3.11
Price/Peter Lynch Fair Value 3.96
AMT's Price/Peter Lynch Fair Value is ranked lower than
81% of the 192 Companies
in the Global Telecom Services industry.

( Industry Median: 9999.00 vs. AMT: 3.96 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
AMT' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 2.83  Med: 3.94 Max: 34.71
Current: 3.96
2.83
34.71
Earnings Yield (Greenblatt) (%) 2.48
AMT's Earnings Yield (Greenblatt) (%) is ranked lower than
63% of the 457 Companies
in the Global Telecom Services industry.

( Industry Median: 4.40 vs. AMT: 2.48 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
AMT' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.3  Med: 2.60 Max: 5
Current: 2.48
0.3
5
Forward Rate of Return (Yacktman) (%) 19.06
AMT's Forward Rate of Return (Yacktman) (%) is ranked higher than
75% of the 239 Companies
in the Global Telecom Services industry.

( Industry Median: 10.30 vs. AMT: 19.06 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
AMT' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -51.5  Med: 16.20 Max: 61.2
Current: 19.06
-51.5
61.2

More Statistics

Revenue(Mil) $4538
EPS $ 1.35
Beta0.87
Short Percentage of Float1.53%
52-Week Range $86.21 - 104.12
Shares Outstanding(Mil)423.57

Analyst Estimate

Dec15 Dec16 Dec17
Revenue(Mil) 4,745 5,372 5,987
EPS($) 1.90 2.53 3.18
EPS without NRI($) 1.90 2.53 3.18

Latest Earnings Webcast

» More Conference Calls

Business Description

Industry: Communication Services » Telecom Services
Compare:ARI, NLY, VNO, IVR, WSR » details
Traded in other countries:A0T.Germany,
American Tower Corp was incorporated in the State of Delaware on July 17th, 1995. The Company is an owner, operator and developer of wireless and broadcast communications real estate. The Company's primary business is leasing antenna space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries. It also offers tower-related services domestically, including site acquisition, zoning and permitting services and structural analysis services, which mainly support its site leasing business and the addition of new tenants and equipment on its sites. The Company's communications real estate portfolio of 67,418 communications sites, as of December 31, 2013, includes wireless and broadcast communications towers and distributed antenna system ("DAS") networks, which provide seamless coverage solutions in certain in-building and outdoor wireless environments. Its portfolio primarily consists of towers that it owns and towers that it operates pursuant to long-term lease arrangements, including, as of December 31, 2013, approximately 27,739 towers domestically and 39,330 towers internationally. Its portfolio also includes 349 DAS networks. In addition to the communications sites in portfolio, it manages rooftop and tower sites for property owners under various contractual arrangements and hold property interests that leases to communications service providers and third-party tower operators. The Company operates in three segments; domestic rental and management, international rental and management and network development services. Its domestic rental and management segment is comprised of its nationwide network of communications sites that enables it to address the needs of national, regional, local and emerging communications service providers in the United States, as well as customers in a number of other industries. Its domestic rental and management segment also includes property interests that it leases to communications service providers and third-party tower operators. Its international rental and management segment, which is comprised of communications sites in Brazil, Chile, Colombia, Germany, Ghana, India, Mexico, Peru, South Africa and Uganda, provides a source of diversification and growth. Its rental and management operations include the operation of wireless and broadcast communications towers and managed networks, rooftop management, the leasing of property interests and the installation of shared generators domestically. It owns and operates communications towers in the United States, Brazil, Chile, Colombia, Germany, Ghana, India, Mexico, Peru, South Africa and Uganda. It leases real estate on its communications towers to tenants providing a diverse range of communications services, including personal communications services, cellular, broadcasting, enhanced
» More Articles for AMT

Headlines

Articles On GuruFocus.com
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Jim Simons' Largest Adds of the 3rd Quarter Nov 13 2015 
A Towing Pick Oct 25 2015 
Akre Focus Fund Annual Letter Oct 03 2015 
Chuck Akre on Compounding Machine Oct 02 2015 
Chuck Akre Sells Stake in Discovery Communications Sep 03 2015 

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