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 $91.2 billion, American Tower’s operations span the Americas, Europe, Africa, and Indo-Pacific.
The real estate giant has substantially underperformed the broader market over the past year. AMT stock prices have plunged 9.6% on a YTD basis but gained 6.3% over the past year compared to the S&P 500 Index’s ($SPX) surge of 25.5% in 2024 and 35.7% over the past 52-week period.
