NYSE: AMT · Specialty REITs
American Tower (AMT) fair value and price range
As of 26 Sep 2026, Faircurve's model values American Tower (AMT) at $197.87 a share. The stock last closed at $162.20, which puts the model's fair value 22.0% above the price. The model grades the evidence behind this valuation as low, so no verdict is shown. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It does not say how likely the fair value is to be right.
Revalued . Price is the close of 2 Oct 2026. American Tower Corporation.
Faircurve Insights · 26 Sep 2026
American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate.
Faircurve's model valued American Tower Corporation at $197.87 a share on 26 Sep 2026. This fair value blends a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The previous run on 19 Sep 2026 gave $194.23, so the fair value moved +1.9%. The model's calibrated range for 63 trading days, built from the fair value, is $166.01 to $241.27. Ranges built this way held the price 60% of the time at this horizon, over 4,327 past valuations. The model grades the evidence behind this valuation as low, as it does not say whether the fair value is right.
American Tower Corporation is a Specialty REIT. The model compares it with Digital Realty Trust, Inc., Equinix, Inc., Iron Mountain Incorporated, Crown Castle Inc., SBA Communications Corporation, Lamar Advertising Company, Weyerhaeuser Company, and Gaming and Leisure Properties, Inc. The stock moved around its last 8 earnings reports, from the close before each report to the close after it. The median size of these moves, ignoring direction, was 5.1%.
Written from the figures on this page for the 26 Sep 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give AMT?
The calibrated range for AMT over 63 trading days is $166.01 to $241.27. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The price is below this range. For names with fair value 15 to 30% above price, the calibrated range has held the price 50% of the time over 63 trading days, and 47% ended below it; the typical move was +4.1%.
The model's own range is $180.50 to $218.12.
How does AMT compare with similar companies?
The companies in specialty reits closest to American Tower in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| DLR Digital Realty Trust, Inc. | $178.55 | $105.57 | -40.9% | Low evidence grade |
| EQIX Equinix, Inc. | $1,025.72 | $573.11 | -44.1% | No verdict on this run |
| IRM Iron Mountain Incorporated | $113.39 | $59.25 | -47.7% | Low evidence grade |
| CCI Crown Castle Inc. | $66.44 | $57.26 | -13.8% | Low evidence grade |
| SBAC SBA Communications Corporation | $158.49 | $194.48 | +22.7% | Low evidence grade |
| LAMR Lamar Advertising Company | $144.12 | $105.68 | -26.7% | Low evidence grade |
| WY Weyerhaeuser Company | $18.47 | $15.29 | -17.2% | No verdict on this run |
| GLPI Gaming and Leisure Properties, Inc. | $37.68 | $61.37 | +62.9% | Gap wider than 60% |
When does AMT report earnings, and how has the stock reacted?
American Tower's next earnings report is scheduled for 27 Oct 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 4.2% in either direction through the nearest expiry, about 13 days out. That is the size the market is pricing, not a direction.
How AMT moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 5.1%.
| Report date | Two session move |
|---|---|
| 28 Jul 2026 | +7.5% |
| 28 Apr 2026 | +1.6% |
| 24 Feb 2026 | -4.0% |
| 28 Oct 2025 | -5.6% |
| 29 Jul 2025 | -6.9% |
| 29 Apr 2025 | +6.7% |
| 25 Feb 2025 | +4.5% |
| 29 Oct 2024 | -3.9% |
American Tower at a glance
American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate.
- Market value
- $78.8B
- Sector
- Real Estate
- Industry
- Specialty REITs
- Beta to the US market
- -0.14
- First valued by Faircurve
- 4 Jul 2026
How the fair value is worked out: the model values American Tower three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for AMT was $194.23. As of 26 Sep 2026 it is $197.87, a change of +1.9%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about American Tower's valuation
Is American Tower stock undervalued or overvalued?
Faircurve's model puts AMT's fair value at $197.87 a share against a last close of $162.20, as of 26 Sep 2026. The model grades the evidence behind this valuation as low, so no verdict is shown. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It does not say how likely the fair value is to be right.
What is AMT's fair value?
$197.87 a share as of 26 Sep 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $180.50 to $218.12.
What price range does the model give AMT?
$166.01 to $241.27 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does American Tower report earnings next?
The next report is scheduled for 27 Oct 2026. Companies can move their dates.
How much has AMT moved on past earnings reports?
Across its last 8 reports the median two session move was 5.1%, ignoring direction. The largest was +7.5% around the report of 28 Jul 2026.
How confident is the model in this valuation?
The model's evidence grade for AMT is low. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It is not a probability that the fair value is right, or that the price reaches it.