American Tower Operating Expenses 2010-2025 | AMT

American Tower annual/quarterly operating expenses history and growth rate from 2010 to 2025. Operating expenses can be defined as the sum of all operating expenses for the given industry.
  • American Tower operating expenses for the quarter ending March 31, 2025 were $1.309B, a 4.59% decline year-over-year.
  • American Tower operating expenses for the twelve months ending March 31, 2025 were $5.548B, a 11.47% decline year-over-year.
  • American Tower annual operating expenses for 2024 were $5.611B, a 18.53% decline from 2023.
  • American Tower annual operating expenses for 2023 were $6.887B, a 0.29% decline from 2022.
  • American Tower annual operating expenses for 2022 were $6.907B, a 10.95% increase from 2021.
American Tower Annual Operating Expenses
(Millions of US $)
2024 $5,611
2023 $6,887
2022 $6,907
2021 $6,225
2020 $5,154
2019 $4,892
2018 $5,535
2017 $4,666
2016 $3,933
2015 $3,159
2014 $2,613
2013 $2,147
2012 $1,756
2011 $1,523
2010 $1,201
2009 $1,052
American Tower Quarterly Operating Expenses
(Millions of US $)
2025-03-31 $1,309
2024-12-31 $1,240
2024-09-30 $1,383
2024-06-30 $1,616
2024-03-31 $1,372
2023-12-31 $1,389
2023-09-30 $1,608
2023-06-30 $1,898
2023-03-31 $1,992
2022-12-31 $1,061
2022-09-30 $2,019
2022-06-30 $1,892
2022-03-31 $1,935
2021-12-31 $1,819
2021-09-30 $1,627
2021-06-30 $1,450
2021-03-31 $1,330
2020-12-31 $1,448
2020-09-30 $1,228
2020-06-30 $1,222
2020-03-31 $1,256
2019-12-31 $1,262
2019-09-30 $1,225
2019-06-30 $1,206
2019-03-31 $1,199
2018-12-31 $1,743
2018-09-30 $1,218
2018-06-30 $1,235
2018-03-31 $1,339
2017-12-31 $1,376
2017-09-30 $1,120
2017-06-30 $1,086
2017-03-31 $1,085
2016-12-31 $1,050
2016-09-30 $1,036
2016-06-30 $1,009
2016-03-31 $837
2015-12-31 $878
2015-09-30 $837
2015-06-30 $785
2015-03-31 $659
2014-12-31 $700
2014-09-30 $653
2014-06-30 $629
2014-03-31 $630
2013-12-31 $649
2013-09-30 $499
2013-06-30 $496
2013-03-31 $503
2012-12-31 $489
2012-09-30 $418
2012-06-30 $427
2012-03-31 $422
2011-12-31 $405
2011-09-30 $402
2011-06-30 $371
2011-03-31 $344
2010-12-31 $344
2010-09-30 $300
2010-06-30 $281
2010-03-31 $276
2009-12-31 $272
2009-09-30 $265
2009-06-30 $257
2009-03-31 $258
Sector Industry Market Cap Revenue
Finance REIT - Other Equity Trusts $99.891B $10.127B
American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate. In addition to leasing space on towers, they provide customized collocation solutions through our in-building systems, outdoor distributed antenna systems and other right-of-way options, managed rooftops and services that speed network deployment. Headquartered in Boston, Massachusetts, American Tower has offices across the United States and in Argentina, Brazil, Chile, Columbia, Costa Rica, France, Germany, Ghana, India, Mexico, Nigeria, Paraguay, Peru, South Africa and Uganda.
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Crown Castle (CCI) United States $44.556B 16.09
VICI Properties (VICI) United States $33.920B 14.02
Extra Space Storage Inc (EXR) United States $32.205B 18.60
Ventas (VTR) United States $29.619B 20.19
SBA Communications (SBAC) United States $25.045B 17.60
Brookfield Infrastructure Partners LP (BIP) Bermuda $15.275B 10.38
W.P Carey (WPC) United States $13.546B 13.08
Gaming And Leisure Properties (GLPI) United States $13.085B 12.53
Alexandria Real Estate Equities (ARE) United States $12.602B 7.73
Healthpeak Properties (DOC) United States $12.318B 9.74
Lamar Advertising (LAMR) United States $12.274B 14.91
SEGRO (SEGXF) United Kingdom $12.176B 0.00
Lineage (LINE) United States $10.888B 13.89
Host Hotels & Resorts (HST) United States $10.794B 7.74
BXP (BXP) United States $10.741B 9.68
Omega Healthcare Investors (OHI) United States $10.716B 12.60
CubeSmart (CUBE) United States $9.957B 16.61
EastGroup Properties (EGP) United States $9.089B 20.48
Rexford Industrial Realty (REXR) United States $8.454B 14.95
NNN REIT (NNN) United States $7.894B 12.46
Vornado Realty Trust (VNO) United States $7.607B 17.01
First Industrial Realty Trust (FR) United States $6.768B 18.73
Stag Industrial (STAG) United States $6.692B 14.76
Terreno Realty (TRNO) United States $6.057B 23.73
Ryman Hospitality Properties (RHP) United States $5.941B 11.07
American Healthcare REIT (AHR) United States $5.664B 24.16
CareTrust REIT (CTRE) United States $5.593B 18.70
Healthcare Realty Trust (HR) United States $5.275B 9.62
Americold Realty Trust (COLD) United States $5.182B 12.64
Cousins Properties (CUZ) United States $4.812B 10.31
Sabra Healthcare REIT (SBRA) United States $4.252B 12.24
SL Green Realty (SLG) United States $4.194B 9.75
Kilroy Realty (KRC) United States $3.886B 7.32
National Health Investors (NHI) United States $3.510B 16.74
Highwoods Properties (HIW) United States $3.326B 8.67
COPT Defense Properties (CDP) United States $3.095B 10.59
Medical Properties Trust (MPW) United States $3.046B 7.14
Apple Hospitality REIT (APLE) United States $2.903B 7.67
National Storage Affiliates Trust (NSA) United States $2.809B 15.43
Four Corners Property Trust (FCPT) United States $2.770B 15.85
OUTFRONT Media (OUT) United States $2.755B 9.05
Keppel REIT (KREVF) Singapore $2.507B 0.00
Douglas Emmett (DEI) United States $2.500B 8.94
CoreCivic (CXW) United States $2.389B 12.95
InvenTrust Properties (IVT) United States $2.205B 16.15
Park Hotels & Resorts (PK) United States $2.175B 5.47
Smartstop Self Storage REIT Inc (SMA) United States $2.050B 0.00
Global Net Lease (GNL) United States $1.825B 6.23
Sunstone Hotel Investors (SHO) United States $1.774B 10.75
LTC Properties (LTC) United States $1.653B 12.85
DiamondRock Hospitality (DRH) United States $1.613B 7.59
Getty Realty (GTY) United States $1.609B 12.30
Innovative Industrial Properties (IIPR) United States $1.596B 6.55
Sila Realty Trust (SILA) United States $1.436B 11.94
Empire State Realty Trust (ESRT) United States $1.316B 8.40
NETSTREIT (NTST) United States $1.301B 12.44
Alexander & Baldwin Holdings (ALEX) United States $1.286B 13.29
Xenia Hotels & Resorts (XHR) United States $1.214B 7.37
JBG SMITH Properties (JBGS) United States $1.210B 25.88
Pebblebrook Hotel Trust (PEB) United States $1.205B 6.19
RLJ Lodging Trust (RLJ) United States $1.152B 4.90
Uniti Group (UNIT) United States $1.139B 3.39
Alexander's (ALX) United States $1.135B 15.57
Paramount (PGRE) United States $1.048B 6.37
Easterly Government Properties (DEA) United States $0.975B 7.41
Piedmont Office Realty Trust (PDM) United States $0.875B 4.82
Diversified Healthcare Trust (DHC) United States $0.755B 24.08
Plymouth Industrial REIT (PLYM) United States $0.752B 9.07
Brandywine Realty Trust (BDN) United States $0.747B 5.68
Gladstone Commercial (GOOD) United States $0.660B 9.97
Whitestone REIT (WSR) United States $0.648B 12.48
CTO Realty Growth (CTO) United States $0.607B 9.36
Universal Health Realty Income Trust (UHT) United States $0.548B 11.54
One Liberty Properties (OLP) United States $0.529B 12.76
Summit Hotel Properties (INN) United States $0.503B 4.82
Farmland Partners (FPI) United States $0.485B 37.68
Community Healthcare Trust (CHCT) United States $0.476B 7.71
Global Medical REIT (GMRE) United States $0.457B 7.77
Peakstone Realty Trust (PKST) United States $0.456B 4.74
Net Lease Office Properties (NLOP) United States $0.448B 7.20
Service Properties Trust (SVC) United States $0.370B 2.20
Chatham Lodging Trust (REIT) (CLDT) United States $0.355B 6.71
Gladstone Land (LAND) United States $0.355B 25.93
Postal Realty Trust (PSTL) United States $0.319B 10.90
Hudson Pacific Properties (HPP) United States $0.294B 4.43
Industrial Logistics Properties Trust (ILPT) United States $0.229B 5.86
Alpine Income Property Trust (PINE) United States $0.217B 8.66
FrontView REIT (FVR) United States $0.205B 0.00
City Office REIT (CIO) Canada $0.199B 4.37
Seritage Growth Properties (SRG) United States $0.164B 0.00
BRAEMAR HOTELS & RESORTS INC (BHR) United States $0.143B 10.65
Orion Office REIT (ONL) United States $0.110B 2.35
Highlands REIT (HHDS) United States $0.080B 11.00
Clipper Realty (CLPR) United States $0.067B 5.68
Global Self Storage (SELF) United States $0.062B 13.57
Ashford Hospitality Trust Inc (AHT) United States $0.037B 0.00
Mackenzie Realty Capital (MKZR) United States $0.017B 0.00
Medalist Diversified REIT (MDRR) United States $0.016B 0.00
Sotherly Hotels (SOHO) United States $0.016B 1.26
Creative Media & Community Trust (CMCT) United States $0.005B 0.00
Granite Real Estate (GRP.U) Canada $0.000B 0.00