Starlink plans to lease at least 80,000 U.S. cell sites, potentially making it a fourth major tenant for American Tower (AMT), which owns over 41,000 towers. This could increase AMT's adjusted funds from operations (AFFO) per share by $1.13 to $3.54, representing 10-31% growth beyond its current 4% annual rate. The growth depends on lease negotiations and Starlink's buildout pace, with risks including delays and impact on existing tenants' credit. AMT currently trades at 16x forward AFFO, suggesting undervaluation if Starlink's expansion materializes.
American Tower's potential new lease deal with Starlink adds a fresh angle to its growth story. On Pluang, AMT shares trade at USD 188.09, up 1.19% as of Oct 31, 2026 04:51 WIB, with a market cap of $86.20 billion. Investors on Pluang show full buying interest, reflected in 100% buy order activity, while the stock offers a 3.85% dividend yield and a typical hold time of 85 days.
