Business Segments · Gross Profit
Property — Gross Profit
American Tower Property — Gross Profit increased by 0.4% to $2.01B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.2%, from $1.89B to $2.01B. Over 4 years (FY 2021 to FY 2025), Property — Gross Profit shows an upward trend with a 4.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2019
Last reportedQ1 2026
Rolls up toGross Profit
How to read this metric
An increase indicates improved site-level margins, often driven by adding new tenants to existing towers without proportional increases in operating costs.
Detailed definition
This metric is calculated as the total property revenue minus the direct operating expenses associated with those proper...
Peer comparison
Comparable to site-level gross margin or property-level EBITDA metrics used by tower REITs.
Metric ID:
amt_segment_total_property_gross_profitHistorical 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 | $1.61B | $1.68B | $1.67B | $1.83B | $1.82B | $1.80B | $1.86B | $1.93B | $1.92B | $1.99B | $1.97B | $2.03B | $2.05B | $1.84B | $1.53B | $1.89B | $1.89B | $1.96B | $2.00B | $2.01B |
| QoQ Change | — | +4.1% | -0.2% | +9.4% | -0.5% | -1.1% | +3.4% | +3.5% | -0.5% | +3.7% | -1.2% | +3.3% | +1.2% | -10.2% | -17.2% | +23.7% | -0.1% | +3.8% | +1.9% | +0.4% |
| YoY Change | — | — | — | — | +13.1% | +7.5% | +11.4% | +5.4% | +5.4% | +10.4% | +5.5% | +5.3% | +7.0% | -7.3% | -22.4% | -6.9% | -8.1% | +6.3% | +30.8% | +6.2% |
Range$1.53B – $2.05B
CAGR+4.7%
Avg YoY Growth+4.3%
Median YoY Growth+5.8%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is American Tower's property — gross profit?
- American Tower (AMT) reported property — gross profit of $2.01B in Q1 2026.
- How has American Tower's property — gross profit changed year-over-year?
- American Tower's property — gross profit increased by 6.2% year-over-year, from $1.89B to $2.01B.
- What is the long-term trend for American Tower's property — gross profit?
- Over 4 years (2021 to 2025), American Tower's property — gross profit has grown at a 4.3% compound annual growth rate (CAGR), from $6.52B to $7.73B.
- What does property — gross profit mean?
- The profit remaining from property operations after subtracting direct site-level operating expenses.