American Tower (AMT) Operating Leases (2019 - 2026)
American Tower (AMT) reported Operating Leases of $7.8 billion for Q1 2026, up 12.71% on a YoY basis from $6.9 billion in Q1 2025, and up 9.09% sequentially from $7.2 billion in Q4 2025.
American Tower (AMT) Operating Leases (2019 - 2026) Analysis & Trends
American Tower (AMT) has 8 years of Operating Leases data on file, last reported at $7.8 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Leases rose 12.71% year-over-year to $7.8 billion; the trailing twelve-month figure through Mar 2026 stood at $7.8 billion (up 12.71% YoY), and the FY2025 full-year result was $7.2 billion, down 3.94% from the prior year.
- Operating Leases rose to $7.8 billion in Q1 2026, from $7.2 billion in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $8.6 billion in Q2 2022 to a low of $515.0 million in Q1 2024.
- A 5-year average of $6.5 billion and a median of $7.6 billion in 2023 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases tumbled 93.84% in 2024 and surged 1409.18% in 2025, its largest moves.
- Tracing AMT's Operating Leases over 5 years: stood at $8.4 billion in 2022, then declined by 10.44% to $7.5 billion in 2023, then declined by 0.71% to $7.5 billion in 2024, then declined by 3.94% to $7.2 billion in 2025, then climbed by 9.09% to $7.8 billion in 2026.
- Business Quant data shows AMT's Operating Leases at $7.8 billion in Q1 2026, $7.2 billion in Q4 2025, and $7.8 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 102.00 Bn | 98.94 Bn | 1.26 Bn |
| 2 | American Tower | 76.76 Bn | 83.27 Bn | 2.70 Bn |
| 3 | Digital Realty Trust | 61.91 Bn | 61.08 Bn | - |
| 4 | Iron Mountain | 37.06 Bn | 37.09 Bn | 1.05 Bn |
| 5 | Crown Castle | 32.50 Bn | 32.44 Bn | 23.00 Mn |
| 6 | Sba Communications | 18.50 Bn | 18.59 Bn | 532.10 Mn |
| 7 | Weyerhaeuser | 17.05 Bn | 16.75 Bn | 318.00 Mn |
| 8 | Lamar Advertising | 15.99 Bn | 15.96 Bn | 344.69 Mn |
| 9 | Gaming & Leisure Properties | 12.58 Bn | 12.98 Bn | - |
| 10 | Rayonier | 6.43 Bn | 5.79 Bn | 46.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.81 Bn |
| Dec 31, 2025 | 7.16 Bn |
| Sep 30, 2025 | 7.77 Bn |
| Jun 30, 2025 | 7.12 Bn |
| Mar 31, 2025 | 6.93 Bn |
| Dec 31, 2024 | 7.45 Bn |
| Sep 30, 2024 | 515.00 Mn |
| Jun 30, 2024 | 515.00 Mn |
| Mar 31, 2024 | 515.00 Mn |
| Dec 31, 2023 | 7.51 Bn |
| Sep 30, 2023 | 8.22 Bn |
| Jun 30, 2023 | 7.59 Bn |
| Mar 31, 2023 | 8.37 Bn |
| Dec 31, 2022 | 8.38 Bn |
| Sep 30, 2022 | 8.33 Bn |
| Jun 30, 2022 | 8.62 Bn |
| Mar 31, 2022 | 8.03 Bn |
| Dec 31, 2021 | 8.75 Bn |
| Sep 30, 2021 | 8.60 Bn |
| Jun 30, 2021 | 8.04 Bn |