American Tower

American Tower restructured three material unsecured credit agreements and extended the maturities of the cross‑currency credit facility and a term loan to May 1, 2029, and the revolving credit facility to May 1, 2031. The amended cross‑currency facility permits up to US$5.0 billion of additional borrowings for certain acquisitions, and the swingline sub‑facility was increased to US$100 million. Covenants now allow liens up to a ratio of 3.5x senior secured debt to adjusted EBITDA and restrict new indebtedness to subsidiaries. Additionally, American Tower beat consensus expectations for revenue and EPS in Q1 2026; however, short‑term liabilities exceed cash (current ratio 0.3). » Plus sur de.investing.com

The stock of American Tower hit a new 52-week low at $166.88, about 29% below the year high of $234.33; over 12 months the decline is roughly 20.2%. InvestingPro rates the stock as overvalued (P/E 31.02) but points to a dividend yield of 4.2% and 15 consecutive increases. Analysts' price targets range from $189 to $260, with Bernstein and SocGen naming a target of $205 (Market Perform), TD Cowen $225 and Citizens $260. The company also announced that director Robert D. Hormats will not stand for re-election at the 2026 annual meeting. » Plus sur de.investing.com

American Tower reports AFFO per share growth of 8% for 2025 to $10.76 and property revenues of $10.3bn, beating expectations. The company sees strong growth in its data center business (around 14%) and substantial gains in its US services business. For 2026, management expects more moderate growth: organic rental growth of about 4%, AFFO per share growth of roughly 1%, and constant‑currency adjusted EBITDA growth of around 1%. Strategic priorities include investments in developed markets and data centers, operational efficiency measures, and disciplined capital allocation with planned discretionary investment of $1.8bn and dividends of about $3.3bn. » Plus sur de.investing.com