American Tower Corp

Company facts

Industry

Real Estate Investment Trusts

Headquarters

Boston, Massachusetts

Most recent report

10-Q, filed Jul 28, 2026

Incorporated

Delaware

Filings on record

1,000+ filings

On EDGAR

CIK 1053507

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 11 sections worth reading, with 1 positive, 9 notable, and 5 negative flags.

• Financial Statements (Item 1)

  All key financial results for Q2 2026; revenue, net income, cash flow, debt changes.
  Notable

  • Sold its Philippines subsidiary and Bangladesh partnership in June 2026; total proceeds ~$82.5M.
  • DISH wireless lease amounts excluded from future lease receivable table as of June 30, 2026.
  • Issued EUR 750M 4.000% senior notes due 2033; used to repay existing debt.
  • Repurchased 1,164,378 shares for $202.9M in H1 2026 under the $2.0B buyback program.
  • Stonepeak's mandatorily convertible preferred equity will convert in Aug 2026, diluting AMT to 64% ownership.

• Management's Discussion (Item 2)

  Core MD&A: detailed segment results, two active disputes, financing updates, covenant headroom.
  Positive

  • Net gain of $20.4M on sales of ATC Philippines and controlling interest in KTBL in H1 2026.
  Notable

  • Amended bank facilities in May 2026, extending maturities of credit facilities and term loan to 2029/2031.
  • Total debt $37.4B with current portion $5.2B; covenant headroom ~$6.6B under 6.0x total leverage test.
  Negative

  • AT&T Mexico dispute: cumulative $50M reserves ($30M in 2025 + $20M in H1 2026). Arbitration hearing August 2026.
  • DISH filed chapter 11 on June 30, 2026; was 2% of 2025 property revenue. Termination of SCA effective June 2.
  • DISH impairment of $17.5M recorded in Q2 2026; stock repurchases of $202.9M in H1 reduced cash.

• Legal Proceedings (Item 1)

  Two large tenant disputes with quantified reserves and a bankruptcy filing; material to revenue.
  Notable

  • Agreement restored majority of rent payments; remainder in escrow pending arbitration.
  • DISH was 2% of total property revenue and 4% of U.S. & Canada revenue in 2025.
  Negative

  • $50M total reserves on $300M revenue tenant; future reserves expected until arbitration in Aug 2026.
  • DISH Chapter 11 filing on June 30, 2026; American Tower seeks relief despite bankruptcy stay.

What changed: Jun 2026 vs. Mar 2026

About 27% of AMT's Jun 2026 10-Q is new information. 134 paragraphs were added, 220 changed, and 37 removed. Below are the most important lines SECSift identified.

• Item 2 198
• Item 1 95
• Item 3 3
• Item 4 2
• Item 6 1