Name | Value |
---|---|
Revenues | 2,771.7M |
Cost of Revenue | 827.3M |
Gross Profit | 1,944.4M |
Operating Expense | 1,070.7M |
Operating I/L | 873.7M |
Other Income/Expense | -81.5M |
Interest Income | 30.6M |
Pretax | 474.7M |
Income Tax Expense | 13.2M |
Net Income/Loss | 475.7M |
American Tower Corporation is a leading independent owner, operator, and developer of multitenant communications real estate. With a portfolio of approximately 219,000 communications sites, the company generates revenue by leasing space on these sites to wireless service providers, broadcasters, and other tenants. This includes providing infrastructure for wireless and broadcast communications, such as cell towers, rooftop installations, and indoor distributed antenna systems. American Tower's business model revolves around providing essential infrastructure for the communications industry, enabling its tenants to expand and enhance their networks while generating steady and recurring rental income for the company.