Of American Tower’s 177,746 towers, as of Decemapproximately 90% were located on land which American Tower leases. An increase of $90.1 million in other revenue, which includes an $82.4 million increase due to straight-line accounting primarily due to entry into a new master lease agreement with AT&T.$14.2 million generated from newly acquired or constructed tower sites.$62.6 million from contractual rent escalations, net of churn and.
$206.1 million due to additional subtenants and amendments to existing subtenant agreements.In 2019, American Tower generated revenue of approximately 7.58 billion dollars.Īmerican Tower’s profits in 2019 were approximately 1.3 billion dollars.Īmerican Tower’s 2019 revenues grew by 366.6 million dollars as it relates only to its United States-based tower assets.Īmerican Tower sub-tenant billings increased by $276.5 million, which was driven by: As a result, approximately 65% of their current tenant leases have a renewal date of 2025 or beyond. American Tower leases generally have initial non-cancellable terms of five to ten years with multiple renewal terms. For the year ending December 31, 2019, American Tower’s top four tenants by total revenue were AT&T (22%), Verizon Wireless (15%), T- Mobile (10%) and Sprint (8%). American Tower – 2020 Insider InformationĪmerican Tower’s tenants are primarily wireless service providers, broadcasters and other companies in a variety of industries.
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