American Tower's AFFO/share rises 4.2%, strong balance sheet, dividend growth; shares up 10% on SpaceX deal news.

American Tower Corporation reported a 4.2% year-on-year increase in AFFO per share to $2.71 in Q2 2026, highlighting its strong business performance. The company maintains a healthier balance sheet than competitors, with a net debt to EBITDA ratio of 4.9x compared to 6.3x and 6.4x for Crown Castle and SBA Communications. Its dividend payout ratio stands at about 65%, supported by a consistent history of dividend increases. The stock price has risen nearly 10% since June, driven mainly by the SpaceX spectrum deal, leading to a "Hold" rating and a $190 price target from the analyst.

As of Oct 22, 2026 17:11 WIB, American Tower Corporation (AMT) trades at USD 177.20 on Pluang, showing a slight 0.25% decrease in the last day. The stock holds a market capitalization of $82.77 billion and offers a dividend yield of 4.03%. Despite recent gains noted in the article, Pluang investors currently show a strong buying interest with 76% of order activity favoring purchases.