Boston, Massachusetts-based American Tower Corporation (AMT) is a leading independent owner, operator, and developer of multitenant communications real estate. With a market cap of $102.7 billion, American Tower’s operations span the Americas, Europe, Africa, and Asia-Pacific.
American Tower has underperformed the broader market over the past year. Over the past 52 weeks, AMT stock has surged 23.5% compared to the S&P 500 Index’s ($SPX) 26.1% returns. In 2024, AMT gained 1.8%, lagging behind SPX’s 16.5% returns on a YTD basis.
