American Tower Corp. Files 10-Q for Period Ending March 31, 2024
Ticker: AMT · Form: 10-Q · Filed: 2024-04-30T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, Quarterly Report, Financials, American Tower Corp., Real Estate Investment Trusts
TL;DR
<b>American Tower Corp. filed its Q1 2024 10-Q report on April 30, 2024, detailing financial performance and operational information.</b>
AI Summary
AMERICAN TOWER CORP /MA/ (AMT) filed a Quarterly Report (10-Q) with the SEC on April 30, 2024. American Tower Corp. filed its 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. Key financial data and operational details are presented in the report. The company's address is 116 Huntington Ave, Boston, MA. The filing was made on April 30, 2024.
Why It Matters
For investors and stakeholders tracking AMERICAN TOWER CORP /MA/, this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial results and operational updates for American Tower Corp., crucial for assessing the company's performance and outlook. The detailed financial statements and disclosures within the 10-Q allow stakeholders to evaluate the company's revenue streams, profitability, and financial health as of March 31, 2024.
Risk Assessment
Risk Level: medium — AMERICAN TOWER CORP /MA/ shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains routine financial information and does not indicate any immediate, significant positive or negative developments beyond normal business operations.
Analyst Insight
Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand American Tower Corp.'s Q1 2024 performance and identify any emerging trends or risks.
Key Numbers
- 2024-03-31 — Period End Date (CONFORMED PERIOD OF REPORT)
- 2024-04-30 — Filing Date (FILED AS OF DATE)
- 2024-01-01 — Quarter Start Date (Covered Period)
- 2023-12-31 — Previous Fiscal Year End (Fiscal Year End)
Key Players & Entities
- AMERICAN TOWER CORP /MA/ (company) — FILER
- 116 HUNTINGTON AVE (location) — BUSINESS ADDRESS
- BOSTON (location) — BUSINESS ADDRESS CITY
- MA (location) — BUSINESS ADDRESS STATE
- 02116 (location) — BUSINESS ADDRESS ZIP
- AMERICAN TOWER SYSTEMS CORP (company) — FORMER COMPANY
FAQ
When did AMERICAN TOWER CORP /MA/ file this 10-Q?
AMERICAN TOWER CORP /MA/ filed this Quarterly Report (10-Q) with the SEC on April 30, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by AMERICAN TOWER CORP /MA/ (AMT).
Where can I read the original 10-Q filing from AMERICAN TOWER CORP /MA/?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by AMERICAN TOWER CORP /MA/.
What are the key takeaways from AMERICAN TOWER CORP /MA/'s 10-Q?
AMERICAN TOWER CORP /MA/ filed this 10-Q on April 30, 2024. Key takeaways: American Tower Corp. filed its 10-Q report for the period ending March 31, 2024.. The filing covers the first quarter of fiscal year 2024.. Key financial data and operational details are presented in the report..
Is AMERICAN TOWER CORP /MA/ a risky investment based on this filing?
Based on this 10-Q, AMERICAN TOWER CORP /MA/ presents a moderate-risk profile. The filing is a standard quarterly report (10-Q), which typically contains routine financial information and does not indicate any immediate, significant positive or negative developments beyond normal business operations.
What should investors do after reading AMERICAN TOWER CORP /MA/'s 10-Q?
Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand American Tower Corp.'s Q1 2024 performance and identify any emerging trends or risks. The overall sentiment from this filing is neutral.
How does AMERICAN TOWER CORP /MA/ compare to its industry peers?
American Tower Corporation operates as a real estate investment trust (REIT) and is a leading independent owner, operator, and developer of wireless communications infrastructure.
Are there regulatory concerns for AMERICAN TOWER CORP /MA/?
As a publicly traded company, American Tower Corp. is subject to SEC regulations, including the requirement to file quarterly reports (10-Q) to disclose financial and operational information.
Industry Context
American Tower Corporation operates as a real estate investment trust (REIT) and is a leading independent owner, operator, and developer of wireless communications infrastructure.
Regulatory Implications
As a publicly traded company, American Tower Corp. is subject to SEC regulations, including the requirement to file quarterly reports (10-Q) to disclose financial and operational information.
What Investors Should Do
- Analyze the revenue and profitability figures for Q1 2024.
- Examine any disclosures regarding debt and capital structure.
- Review management's discussion and analysis for insights into operational performance and future outlook.
Key Dates
- 2024-03-31: Quarter End Date — Marks the end of the reporting period for the 10-Q filing.
- 2024-04-30: Filing Date — Date the 10-Q report was officially submitted to the SEC.
Year-Over-Year Comparison
This is the initial 10-Q filing for the fiscal year 2024, following the 2023 annual report (10-K).
From the Filing
0001053507-24-000084.txt : 20240430 0001053507-24-000084.hdr.sgml : 20240430 20240430160615 ACCESSION NUMBER: 0001053507-24-000084 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 98 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240430 DATE AS OF CHANGE: 20240430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN TOWER CORP /MA/ CENTRAL INDEX KEY: 0001053507 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 650723837 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-14195 FILM NUMBER: 24897137 BUSINESS ADDRESS: STREET 1: 116 HUNTINGTON AVE CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 6173757500 MAIL ADDRESS: STREET 1: 116 HUNTINGTON AVE CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN TOWER SYSTEMS CORP DATE OF NAME CHANGE: 19980128 10-Q 1 amt-20240331.htm 10-Q amt-20240331 0001053507 December 31 2024 Q1 false 278 0001053507 2024-01-01 2024-03-31 0001053507 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001053507 amt:A1375SeniorNotesDue2025Member 2024-01-01 2024-03-31 0001053507 amt:A1950SeniorNotesDue2026Member 2024-01-01 2024-03-31 0001053507 amt:A0450SeniorNotesDue2027Member 2024-01-01 2024-03-31 0001053507 amt:A0400SeniorNotesDue2027Member 2024-01-01 2024-03-31 0001053507 amt:A4125SeniorNotesDue2027Member 2024-01-01 2024-03-31 0001053507 amt:A0500SeniorNotesDue2028Member 2024-01-01 2024-03-31 0001053507 amt:A0875SeniorNotesDue2029Member 2024-01-01 2024-03-31 0001053507 amt:A0950SeniorNotesDue2030Member 2024-01-01 2024-03-31 0001053507 amt:A4625SeniorNotesDue2031Member 2024-01-01 2024-03-31 0001053507 amt:A1000SeniorNotesDue2032Member 2024-01-01 2024-03-31 0001053507 amt:A1250SeniorNotesDue2033Member 2024-01-01 2024-03-31 0001053507 2024-04-23 xbrli:shares 0001053507 2024-03-31 iso4217:USD 0001053507 2023-12-31 iso4217:USD xbrli:shares 0001053507 amt:PropertyRevenueMember 2024-01-01 2024-03-31 0001053507 amt:PropertyRevenueMember 2023-01-01 2023-03-31 0001053507 us-gaap:ServiceMember 2024-01-01 2024-03-31 0001053507 us-gaap:ServiceMember 2023-01-01 2023-03-31 0001053507 2023-01-01 2023-03-31 0001053507 2022-12-31 0001053507 2023-03-31 0001053507 us-gaap:CommonStockMember 2022-12-31 0001053507 us-gaap:TreasuryStockCommonMember 2022-12-31 0001053507 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001053507 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001053507 us-gaap:RetainedEarningsMember 2022-12-31 0001053507 us-gaap:NoncontrollingInterestMember 2022-12-31 0001053507 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001053507 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001053507 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001053507 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31 0001053507 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001053507 us-gaap:CommonStockMember 2023-03-31 0001053507 us-gaap:TreasuryStockCommonMember 2023-03-31 0001053507 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001053507 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001053507 us-gaap:RetainedEarningsMember 2023-03-31 0001053507 us-gaap:NoncontrollingInterestMember 2023-03-31 0001053507 us-gaap:CommonStockMember 2023-12-31 0001053507 us-gaap:TreasuryStockCommonMember 2023-12-31 0001053507 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001053507 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001053507 us-gaap:RetainedEarningsMember 2023-12-31 0001053507 us-gaap:NoncontrollingInterestMember 2023-12-31 0001053507 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001053507 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001053507 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001053507 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001053507 us-gaap:RetainedEarningsMemb