8/11/2023 0 Comments American tower companyWith gross margins of 73% and free cash flow margins of 45%, the Company is an ideal example of an operational model perfectly matching a solid business model. As of June 2015, the Company had operations in 13 countries, $32 billion of non-cancellable tenant lease revenues and free cash flows of approximately $2.1 billion. Actual results may differ materially from those indicated in the Company’s forward-looking statements as a result of various factors, including those factors set forth in Item 1A of its Form 10-K for the year ended Decemunder the caption “Risk Factors.” The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.A darling amongst investors, American Tower has grown to become the largest tower sharing company in the world. This press release contains “forward-looking statements” concerning the Company’s goals, beliefs, expectations, strategies, objectives, plans, future operating results and underlying assumptions and other statements that are not necessarily based on historical facts. For more information about American Tower, please visit Cautionary Language Regarding Forward-Looking Statements Key highlights from the 2021 report include:Īdopted science-based GHG emissions reduction targets, approved by the Science Based Targets initiative, reflecting the goals set forth in the 2015 Paris Agreement and the Company’s efforts to limit future global warming to well below two degrees Celsius above pre-industrial levelsĪchieved 78% of the Company’s 2025 second-generation renewable energy goal by expanding its portfolio to include 58MW of solar capacity installed at almost 11,000 sitesĮstablished American Tower’s 308th Digital Community, achieving over 15% progress toward the Company’s goal of establishing 2,000 Digital Communities by the end of 2026ĭistributed nearly $6 million to communities globally through workplace giving and matching programs, volunteer events, disaster-relief donations and financial contributions from the American Tower Foundationīecame a signatory to the United Nations (UN) Global Compact and the UN’s Women’s Empowerment Principles in early 2022, reinforcing the Company’s continued commitment to promoting and maintaining an ethical, diverse and inclusive cultureįor more information on American Tower’s sustainability program and to view the Company’s 2021 Sustainability Report, please visit the “Sustainability” section of the Company’s website at About American TowerĪmerican Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 221,000 communications sites and a highly interconnected footprint of U.S. Steadfast commitment to these key priorities will be integral to our continued success, especially as we continue to grow our business in this technology-driven era.” Tom Bartlett, American Tower’s President and Chief Executive Officer, stated, “Our sustainability program is grounded in our strategic priorities to foster a more equitable culture for our employees, improve our operational efficiencies, support the needs of our customers, uphold ethics and integrity at every level of the organization and engage with our local communities. The report highlights this progress against key quantitative and qualitative sustainability goals, including science-based greenhouse gas (GHG) emissions reduction targets and advancements on diversity, equity and inclusion. Through a dedicated focus on its sustainability strategy and commitment to positively impacting customers, employees, stockholders, suppliers and its served communities, American Tower continues to make strong advancements within each of its ESG pillars. The report outlines the Company’s sustainability strategy which is built upon three core pillars-Environment, Social and Governance (ESG)-and provides a comprehensive overview of the actions the Company is taking as it strives to meet its objectives in these critical areas. BOSTON-( BUSINESS WIRE)-American Tower Corporation (NYSE: AMT) today announced the release of its 2021 sustainability report.
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