American Tower Property — Selling, general, administrative and development expense decreased by 4.8% to $128.90M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.2%, from $119.10M to $128.90M. Over 4 years (FY 2021 to FY 2025), Property — Selling, general, administrative and development expense shows relatively stable performance with a 1.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
A decrease relative to revenue suggests improved corporate leverage and operational scalability, while an increase may reflect higher development activity or administrative bloat.
This captures the indirect costs, including administrative overhead, corporate support, and development-related expenses...
Comparable to corporate SG&A allocations in capital-intensive real estate or infrastructure businesses.
amt_segment_total_property_selling_general_administrative_and_development_expense| 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 | $121.90M | $125.20M | $133.10M | $173.30M | $127.10M | $133.20M | $122.60M | $132.80M | $135.00M | $125.00M | $139.60M | $125.10M | $127.80M | $122.20M | $108.60M | $119.10M | $121.00M | $127.90M | $135.40M | $128.90M |
| QoQ Change | — | +2.7% | +6.3% | +30.2% | -26.7% | +4.8% | -8.0% | +8.3% | +1.7% | -7.4% | +11.7% | -10.4% | +2.2% | -4.4% | -11.1% | +9.7% | +1.6% | +5.7% | +5.9% | -4.8% |
| YoY Change | — | — | — | — | +4.3% | +6.4% | -7.9% | -23.4% | +6.2% | -6.2% | +13.9% | -5.8% | -5.3% | -2.2% | -22.2% | -4.8% | -5.3% | +4.7% | +24.7% | +8.2% |