What American Tower's FY2025 10-K says: 12 signals
American Tower filed its latest 10-K with the SEC on Feb 24, 2026. It discusses capex increase, backlog growth and customer churn.
Public (AMT)Telecommunications1,001 to 5,000 employeesamericantower.comLinkedIn
- Filed
- Feb 24, 2026
- Period
- FY2025
- Fiscal year end
- 12/31
- Filings
- 1
10-K · latest 10
What American Tower's 10-K filings say
- SEC EDGAR
10-K · FY2025
Filed · Fiscal year ends 12/31 · 12 signals
Top tenants account for 70-85% of revenue in each major geographic segment.
The company has significant revenue concentration with a few large carriers in each region, such as AT&T, T-Mobile, and Verizon (85% in U.S.
85%
Revenue concentration from top 3 tenants in U.S. & Canada segment
AT&T Inc.T-Mobile US, Inc.Verizon Communications Inc.Bharti Airtel Limited
Completed divestiture of South Africa fiber business in 2025, continuing portfolio realignment.
The company is actively divesting assets in emerging markets (India, Australia, South Africa) to reallocate capital towards developed markets.
fiber
Secured over $54 billion in future non-cancellable tenant lease revenue.
The company has a massive, predictable revenue stream locked in via long-term contracts, ensuring significant financial stability and available capital for strategic investments.
$54B
non-cancellable tenant lease revenue
Actively divesting international assets, including South Africa fiber business in 2025.
The company is executing a multi-year portfolio restructuring by selling non-core assets to reallocate capital.
fiber
Prioritizing capital investments into developed markets: U.S., Canada, Europe, and data centers.
As part of a global portfolio assessment, the company is strategically shifting its capital allocation to prioritize investments in developed markets and its data center business.
Launching new 'Power as a Service' (PaaS) initiatives to improve efficiency.
AMT is developing and implementing a new service line to provide power solutions, including shared generators and solar, to its tenants.
solar panels
AMT divesting assets in multiple countries to reinvest in US, Europe, and data centers
The company is actively divesting assets in Mexico, Poland, Australia, India, New Zealand, and South Africa (2023-2025) to repurpose capital towards developed markets.
fiber
Experienced approximately 2% tenant billings churn in 2025, driven by U.S. & Canada.
The company lost about 2% of its tenant billings due to lease cancellations or non-renewals, with the impact concentrated in its core U.S.
2%
Tenant billings churn for the year ended Dec 31, 2025
Developing 'Power as a Service' (PaaS) initiatives using solar panels and storage solutions.
The company is investing in new power solutions, including solar panels and electricity storage, to improve operational efficiency and offer PaaS to tenants.
solar panels
Planning ongoing capex for new site construction, data center builds, and power solutions.
The company has a stated capital expenditure program focused on organic growth.
Showing 10 of 12 filing signals. The Signal API returns all of them.
Get them with one API callSignal API · MCP
Track American Tower with the Signal API
One POST /v1/companies/enrich call with americantower.com returns American Tower 10-K signals (sec-10k), each with its source. Or ask Claude through MCP.
2 credits per signal returned; zero-result calls are free. Endpoint reference
curl -X POST https://signals.autobound.ai/v1/companies/enrich \
-H "X-API-KEY: $AUTOBOUND_API_KEY" \
-H "Content-Type: application/json" \
-d '{"domain":"americantower.com","signal_types":["sec-10k"],"limit":20}'Same industry
10-K at related companies
Questions about American Tower 10-K
When did American Tower file its latest 10-K?
What does American Tower's latest 10-K say about customer concentration?
Where can I find American Tower's annual report?
Source. Annual reports (Form 10-K) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .