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American Tower AMT Data Centers — Property lease revenue

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Other financials

Income statement

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Revenue$2.7B+6.8%
Operating income$1.2B-1.2%
Net income$878.5M+76.2%
EPS (diluted)$1.84+76.9%

Balance sheet

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Cash & equivalents$1.6B-23.5%
Total debt$13.9B+34.7%
Total equity$3.5B-0.3%
Total assets$63.2B+1.9%

Cash flow

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Operating cash flow$1.4B+8.2%
CapEx$449.5M+35.8%
Free cash flow$951.1M-1.3%

Valuation

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Market cap$82.02B-20.9%
Enterprise value$94.36B-15.6%
P/E27.3×-28.6×
P/S7.6×-2.6×

Profitability

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Gross margin99.5%
Operating margin44.7%-0.8pp
Net margin27.8%+9.6pp
FCF margin34.9%-2.3pp

Returns & leverage

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Return on equity85.3%+36.3pp
Debt / equity+1.0×
Current ratio0.3×-0.3×

Where this comes from

Reported directly by American Tower in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLeaseIncome.

The official record: American Tower’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Tower's data centers — property lease revenue?
American Tower (AMT) reported data centers — property lease revenue of $247.7M in Q1 2026.
How has American Tower's data centers — property lease revenue changed year-over-year?
American Tower's data centers — property lease revenue increased by 19.0% year-over-year, from $208.2M to $247.7M.
What is the long-term trend for American Tower's data centers — property lease revenue?
Over 4 years (2021 to 2025), American Tower's data centers — property lease revenue has grown at a 153.3% compound annual growth rate (CAGR), from $21.9M to $901.6M.
What does data centers — property lease revenue mean?
Revenue generated specifically from leasing data center floor space and power.
How do you interpret data centers — property lease revenue?
Growth reflects successful occupancy expansion or contract renewals, whereas a decline may signal competitive pressure or loss of anchor tenants.
How does data centers — property lease revenue compare across companies?
Commonly reported by REITs to distinguish between recurring lease income and ancillary service revenue.