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American Tower AMT Total  Property — Segment operating expenses

Other segment segments

U.S. & Canada
$220.4M-0.8%
Africa & APAC
$146.8M+40.5%
Latin America
$130.8M+5.1%
Data Centers
$113.8M+10.6%
Europe
$96.1M+11.0%
Services
$33.4M-30.6%

Similar metrics at other companies

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STWDProperty Segment — Total Costs & Expenses
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Rexford Industrial Realty logo
REXRReportable Segment — Property expenses
$56.21M+1.7%
CareTrust logo
CTREReportable Segment — Property operating expenses
$296K+182%
American Homes 4 Rent logo
AMHReportable Segment — Total core property operating expenses
$134.97M-1.2%
Five Point Holdings, Inc. logo
FPHOperating properties — Cost and expenses
$1.61M-9.5%
PK
PKCorporate Segment — Other property segment expenses
$53M0.0%

Other financials

Income statement

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Revenue$2.7B+4.7%
Operating income$1.3B+5.9%
Net income$887.5M+133%
EPS (diluted)$1.86+138%

Balance sheet

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Cash & equivalents$1.8B-15.1%
Total debt$45.0B+348%
Total equity$3.7B+0.2%
Total assets$63.3B-0.7%

Cash flow

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Operating cash flow$1.5B+16.0%
CapEx$320.9M+5.4%
Free cash flow$1.2B+19.3%

Valuation

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Market cap$81.29B-16.7%
Enterprise value$124.52B+18.0%
P/E23.1×-50.3×
P/S7.4×-2.1×

Profitability

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Gross margin99.5%
Operating margin44.8%-0.7pp
Net margin32.1%+19.2pp
FCF margin36.2%-0.3pp

Returns & leverage

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Return on equity94.6%+59.5pp
Debt / equity12.1×+9.4×
Current ratio0.4×-0.3×

Where this comes from

Reported directly by American Tower in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

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

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Questions, answered.

What is American Tower's total  property — segment operating expenses?
American Tower (AMT) reported total  property — segment operating expenses of $707.9M in Q2 2026.
How has American Tower's total  property — segment operating expenses changed year-over-year?
American Tower's total  property — segment operating expenses increased by 10.5% year-over-year, from $640.6M to $707.9M.
What is the long-term trend for American Tower's total  property — segment operating expenses?
Over 4 years (2021 to 2025), American Tower's total  property — segment operating expenses has grown at a -0.1% compound annual growth rate (CAGR), from $2.59B to $2.57B.
What does total  property — segment operating expenses mean?
This represents the direct costs associated with maintaining, operating, and managing the company's portfolio of communication towers and data centers. It includes site maintenance, ground lease payments, utilities, and property-level personnel costs. Monitoring this helps assess the efficiency of managing the physical infrastructure assets.