AMT's $0.55 Billion Volume Surges 54.06% But Ranks 217th as Earnings Can’t Boost Shares

On August 13, 2025, American Tower Corporation (AMT) traded with a volume of $0.55 billion, a 54.06% increase from the prior day, ranking 217th in market activity. The stock closed down 0.23% despite a strong quarterly earnings report earlier in the month.

AMT’s Q2 2025 results highlighted resilience in core operations despite foreign exchange challenges. Non-GAAP earnings per share (EPS) of $2.60 exceeded estimates by 55.7%, while GAAP revenue rose 3.2% to $2.63 billion. However, net income (GAAP) declined 58.1% year-over-year to $381 million, driven by $484 million in currency losses. The firm raised guidance for key metrics like Adjusted EBITDA and AFFO but cut net income forecasts due to ongoing FX headwinds.

Property operations, accounting for 98% of revenue, showed steady growth with 1.2% year-over-year revenue gains. U.S. services revenue hit a record $99.5 million, reflecting increased demand for 5G infrastructure and data center upgrades. International performance was mixed, with Latin America revenue falling 13.2% while Africa & Asia-Pacific and Europe saw double-digit growth. Data center revenue rose 13.5%, supported by AI and cloud infrastructure demand.

Capital discipline remained a focus, with net leverage at 5.1x and $10.5 billion in liquidity. The company raised its quarterly dividend by 4.9% to $1.70 per share, aligning with REIT distribution requirements. Institutional investors adjusted holdings, including Prudential PLC’s 15.3% reduction in AMT shares during Q1 2025.

The strategy of buying the top 500 stocks by daily trading volume and holding for one day from 2022 to 2025 yielded a 6.98% CAGR, with a peak drawdown of 15.46% during the backtest period. The approach demonstrated consistent growth but underscored volatility risks, particularly in mid-2023.