Business Segments · CapEx
Property — CapEx
American Tower Property — CapEx decreased by 23.1% to $454.70M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 34.2%, from $338.70M to $454.70M. Over 4 years (FY 2021 to FY 2025), Property — CapEx shows an upward trend with a 5.2% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityVolatile
First reportedQ1 2021
Last reportedQ1 2026
How to read this metric
An increase indicates aggressive growth or network upgrades, while a decrease may signal a shift toward capital preservation or a mature asset cycle.
Detailed definition
This represents the cash outflows used to acquire, build, or upgrade the company's communication towers and data center...
Peer comparison
Comparable to capital expenditure (CapEx) or capital intensity metrics in the telecommunications infrastructure industry.
Metric ID:
amt_segment_total_property_capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $349.55M | $349.55M | $349.55M | $472.40M | $472.40M | $472.40M | $472.40M | $452.38M | $452.38M | $452.38M | $452.38M | $372.70M | $306.30M | $420.50M | $448.80M | $338.70M | $310.30M | $470.10M | $591.10M | $454.70M |
| QoQ Change | — | +0.0% | +0.0% | +35.1% | +0.0% | +0.0% | +0.0% | -4.2% | +0.0% | +0.0% | +0.0% | -17.6% | -17.8% | +37.3% | +6.7% | -24.5% | -8.4% | +51.5% | +25.7% | -23.1% |
| YoY Change | — | — | — | — | +35.1% | +35.1% | +35.1% | -4.2% | -4.2% | -4.2% | -4.2% | -17.6% | -32.3% | -7.0% | -0.8% | -9.1% | +1.3% | +11.8% | +31.7% | +34.2% |
Range$306.30M – $591.10M
CAGR+5.7%
Avg YoY Growth+6.3%
Median YoY Growth-2.5%
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Frequently Asked Questions
- What is American Tower's property — capex?
- American Tower (AMT) reported property — capex of $454.70M in Q1 2026.
- How has American Tower's property — capex changed year-over-year?
- American Tower's property — capex increased by 34.2% year-over-year, from $338.70M to $454.70M.
- What is the long-term trend for American Tower's property — capex?
- Over 4 years (2021 to 2025), American Tower's property — capex has grown at a 5.2% compound annual growth rate (CAGR), from $1.40B to $1.71B.
- What does property — capex mean?
- The amount of capital invested in building or upgrading communication towers and data centers.