American Tower Corp Financials
American Tower Corp (AMT) reported $10.6B in revenue for fiscal year 2025, up 5.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
American Tower’s recent gains come less from fast top-line growth than from margin expansion and strong cash conversion.
ROE of72.0% looks extraordinary, but it sits on a thin equity base of only$3.7B . With liabilities at$52.8B and ROA at4.2% , the more revealing story is leverage-amplified returns rather than unusually productive assets.
From FY2023 to FY2025, revenue grew only about
Free cash flow margin stayed above
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of American Tower Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
American Tower Corp scores 1.15, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($81.3B) relative to total liabilities ($52.8B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
American Tower Corp passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, American Tower Corp generates $2.08 in operating cash flow ($5.5B OCF vs $2.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
American Tower Corp earns $3.56 in operating income for every $1 of interest expense ($4.8B vs $1.4B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
American Tower Corp generated $10.6B in revenue in fiscal year 2025. This represents an increase of 5.1% from the prior year.
American Tower Corp's EBITDA was $6.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.2% from the prior year.
American Tower Corp reported $2.6B in net income in fiscal year 2025. This represents an increase of 15.3% from the prior year.
American Tower Corp earned $5.40 per diluted share (EPS) in fiscal year 2025. This represents an increase of 12.0% from the prior year.
Cash & Balance Sheet
American Tower Corp generated $3.8B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 2.2% from the prior year.
American Tower Corp held $1.5B in cash against $33.8B in long-term debt as of fiscal year 2025.
American Tower Corp paid $6.72 per share in dividends in fiscal year 2025. This represents an increase of 2.4% from the prior year.
Margins & Returns
American Tower Corp's operating margin was 45.5% in fiscal year 2025, reflecting core business profitability. This is up 0.9 percentage points from the prior year.
American Tower Corp's net profit margin was 24.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.2 percentage points from the prior year.
American Tower Corp's ROE was 72.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.5 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
American Tower Corp spent $364.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
American Tower Corp invested $1.7B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 5.7% from the prior year.
Not reported for fiscal year 2025.
AMT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8B | $10.6B+5.1% | $10.1B+1.1% | $10.0B+3.8% | $9.6B+3.1% | $9.4B+16.4% | $8.0B+6.1% | $7.6B+1.9% | $7.4B+11.6% | $6.7B+15.2% | $5.8B+21.3% | $4.8B+16.4% | $4.1B+22.0% | $3.4B+16.9% | $2.9B+17.7% | $2.4B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $43.1M-12.2% | $49.1M+41.9% | $34.6M | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $7.5B+2.0% | $7.4B+11.5% | $6.6B | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $960.6M | $940.7M+0.8% | $933.4M-1.3% | $946.0M+4.9% | $902.1M+11.2% | $811.6M+4.2% | $778.7M+6.6% | $730.4M-0.4% | $733.2M+15.1% | $637.0M+17.2% | $543.4M+9.2% | $497.8M+11.5% | $446.5M+7.5% | $415.5M+27.0% | $327.3M+13.3% | $288.8M |
| Operating Income | $4.8B | $4.8B+7.3% | $4.5B+44.5% | $3.1B+14.1% | $2.7B-12.6% | $3.1B+8.5% | $2.9B+7.4% | $2.7B+41.1% | $1.9B-4.7% | $2.0B+7.8% | $1.9B+14.9% | $1.6B+8.5% | $1.5B+22.5% | $1.2B+8.4% | $1.1B+21.7% | $920.1M |
| Interest Expense | $1.4B | $1.4B-3.2% | $1.4B+0.5% | $1.4B+23.0% | $1.1B+30.5% | $870.9M+9.8% | $793.5M-2.5% | $814.2M-1.4% | $825.5M+10.1% | $749.6M | N/A | N/A | $580.2M+26.6% | $458.3M+14.1% | $401.7M+28.8% | $311.9M |
| Income Tax | $436.4M | $415.7M+13.5% | $366.3M+303.4% | $90.8M-19.5% | $112.8M-56.9% | $261.8M+102.0% | $129.6M+64900.0% | -$200K+99.8% | -$110.1M-458.6% | $30.7M-80.3% | $155.5M-1.6% | $158.0M+152.8% | $62.5M+5.0% | $59.5M-44.5% | $107.3M-14.2% | $125.1M |
| Net Income | $3.0B | $2.6B+15.3% | $2.3B+66.8% | $1.4B-19.4% | $1.7B-33.9% | $2.6B+51.9% | $1.7B-10.4% | $1.9B+52.7% | $1.2B-0.2% | $1.2B+29.5% | $956.4M+39.6% | $685.1M-16.9% | $824.9M+49.6% | $551.3M-13.5% | $637.3M+60.7% | $396.5M |
| EPS (Diluted) | — | $5.40+12.0% | $4.82+51.6% | $3.18-16.8% | $3.82-32.5% | $5.66+49.3% | $3.79-10.6% | $4.24+53.1% | $2.77+3.7% | $2.67+34.8% | $1.98+40.4% | $1.41-29.5% | $2.00+44.9% | $1.38-13.8% | $1.60+61.6% | $0.99 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
AMT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $63.2B+3.5% | $61.1B-7.5% | $66.0B-1.7% | $67.2B-3.9% | $69.9B+48.0% | $47.2B+10.4% | $42.8B+29.7% | $33.0B-0.6% | $33.2B+7.6% | $30.9B+14.8% | $26.9B+26.5% | $21.3B+5.2% | $20.2B+43.5% | $14.1B+15.1% | $12.2B |
| Current Assets | $2.7B-13.7% | $3.2B-14.3% | $3.7B+2.4% | $3.6B-2.9% | $3.7B+28.4% | $2.9B+13.8% | $2.6B+7.1% | $2.4B+17.0% | $2.0B+20.6% | $1.7B+69.6% | $996.5M+4.0% | $957.9M-2.9% | $986.1M+17.9% | $836.3M+7.9% | $775.2M |
| Cash & Equivalents | $1.5B-26.2% | $2.0B+14.0% | $1.8B+13.2% | $1.5B-20.6% | $1.9B+11.7% | $1.7B+16.3% | $1.5B+24.2% | $1.2B+50.7% | $802.1M+1.9% | $787.2M+145.5% | $320.7M+2.3% | $313.5M+6.8% | $293.6M-20.4% | $368.6M+11.6% | $330.2M |
| Accounts Receivable | $650.3M+20.4% | $540.0M-1.4% | $547.5M-27.8% | $758.3M+4.0% | $728.9M+42.5% | $511.6M+10.7% | $462.2M+0.7% | $459.0M-10.6% | $513.6M+66.5% | $308.4M+35.6% | $227.4M+14.2% | $199.1M+31.7% | $151.2M+5.3% | $143.6M+42.7% | $100.6M |
| Goodwill | $12.3B+4.1% | $11.8B-2.6% | $12.1B+0.1% | $12.1B-9.6% | $13.4B+83.3% | $7.3B+17.9% | $6.2B+12.3% | $5.5B-2.4% | $5.6B+11.2% | $5.1B+23.9% | $4.1B+1.5% | $4.0B+4.6% | $3.9B+35.6% | $2.8B+6.2% | $2.7B |
| Total Liabilities | $52.8B+2.7% | $51.4B-6.8% | $55.2B+0.7% | $54.8B-9.9% | $60.8B+43.3% | $42.5B+17.2% | $36.2B+38.7% | $26.1B+3.3% | $25.3B+10.7% | $22.8B+13.0% | $20.2B+17.3% | $17.2B+3.1% | $16.7B+60.4% | $10.4B+17.8% | $8.8B |
| Current Liabilities | $6.9B-2.3% | $7.1B-2.4% | $7.2B-12.8% | $8.3B-8.3% | $9.1B+148.0% | $3.7B-33.4% | $5.5B+17.0% | $4.7B+86.7% | $2.5B+54.0% | $1.6B+35.9% | $1.2B-37.8% | $1.9B+106.9% | $932.7M+47.5% | $632.2M-19.1% | $781.5M |
| Long-Term Debt | $33.8B+3.1% | $32.8B-8.2% | $35.7B+4.6% | $34.2B-11.7% | $38.7B+35.7% | $28.5B+34.9% | $21.1B+14.8% | $18.4B-5.3% | $19.4B+6.2% | $18.3B+7.2% | $17.1B+25.1% | $13.6B-5.3% | $14.4B+65.7% | $8.7B+21.8% | $7.1B |
| Total Equity | $3.7B+8.0% | $3.4B-19.4% | $4.2B-24.7% | $5.6B+9.7% | $5.1B+24.1% | $4.1B-19.0% | $5.1B-5.3% | $5.3B-14.5% | $6.2B-7.7% | $6.8B+1.7% | $6.7B+68.2% | $4.0B+11.9% | $3.5B-1.1% | $3.6B+8.7% | $3.3B |
| Retained Earnings | -$5.1B-15.0% | -$4.4B-21.6% | -$3.6B-73.1% | -$2.1B-84.0% | -$1.1B+14.9% | -$1.3B-32.1% | -$1.0B+15.2% | -$1.2B-13.4% | -$1.1B+1.8% | -$1.1B-7.9% | -$998.5M-19.3% | -$837.3M+22.6% | -$1.1B+9.6% | -$1.2B+19.0% | -$1.5B |
Not reported in any period shown, so not listed: Inventory.
AMT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.6B | $5.5B+3.3% | $5.3B+12.0% | $4.7B+27.8% | $3.7B-23.3% | $4.8B+24.2% | $3.9B+3.4% | $3.8B+0.1% | $3.7B+28.1% | $2.9B+8.3% | $2.7B+24.7% | $2.2B+1.5% | $2.1B+33.5% | $1.6B+13.1% | $1.4B+21.3% | $1.2B |
| Capital Expenditures | $1.8B | $1.7B+5.7% | $1.6B-11.6% | $1.8B-4.0% | $1.9B+36.1% | $1.4B+33.4% | $1.0B+4.1% | $991.3M+8.6% | $913.2M+13.6% | $803.6M+17.7% | $682.5M-6.4% | $728.8M-25.2% | $974.4M+34.5% | $724.5M+27.5% | $568.0M+8.6% | $523.0M |
| Free Cash Flow | $3.8B | $3.8B+2.2% | $3.7B+26.5% | $2.9B+60.4% | $1.8B-47.1% | $3.4B+20.8% | $2.8B+3.2% | $2.8B-2.6% | $2.8B+33.6% | $2.1B+5.1% | $2.0B+40.4% | $1.4B+24.0% | $1.2B+32.7% | $874.5M+3.3% | $846.3M+31.6% | $642.9M |
| Investing Cash Flow | -$2.0B | -$1.9B-552.9% | $410.6M+124.2% | -$1.7B+28.0% | -$2.4B+88.6% | -$20.7B-332.5% | -$4.8B-20.0% | -$4.0B-45.0% | -$2.7B+1.8% | -$2.8B-33.2% | -$2.1B | N/A | N/A | N/A | -$2.6B+8.3% | -$2.8B |
| Financing Cash Flow | -$4.2B | -$4.2B+22.8% | -$5.5B-76.0% | -$3.1B-117.6% | -$1.4B-108.7% | $16.4B+1251.5% | $1.2B+132.9% | $521.7M+185.8% | -$607.7M-437.8% | -$113.0M-13.8% | -$99.3M | N/A | N/A | N/A | $1.2B+7.8% | $1.1B |
| Dividends Paid | $3.2B | $3.2B+5.1% | $3.0B+0.7% | $3.0B+10.7% | $2.7B+19.6% | $2.3B+17.8% | $1.9B+20.3% | $1.6B+21.1% | $1.3B+23.3% | $1.1B+21.1% | $886.1M+24.6% | $710.9M+75.7% | $404.6M-6.9% | $434.7M+22.2% | $355.6M+158.1% | $137.8M |
| Share Buybacks | N/A | $364.6M | $0 | $0-100.0% | $18.8M | $0-100.0% | $56.0M+185.7% | $19.6M-91.6% | $232.8M-69.6% | $766.3M | $0 | $0 | $0-100.0% | $145.0M+131.2% | $62.7M-85.7% | $437.4M |
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
AMT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | 99.4%+0.1pp | 99.3%-0.1pp | 99.5% | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 45.5%+0.9pp | 44.6%+13.4pp | 31.2%+2.8pp | 28.4%-5.1pp | 33.5%-2.4pp | 35.9%+0.4pp | 35.5%+9.9pp | 25.6%-4.4pp | 30.0%-2.0pp | 32.0%-1.8pp | 33.8%-2.5pp | 36.3%+0.2pp | 36.1%-2.8pp | 38.9%+1.3pp | 37.7% |
| Net Margin | 24.7%+2.2pp | 22.5%+8.9pp | 13.7%-3.9pp | 17.6%-9.8pp | 27.4%+6.4pp | 21.0%-3.9pp | 24.9%+8.3pp | 16.6%-2.0pp | 18.6%+2.1pp | 16.5%+2.2pp | 14.4%-5.8pp | 20.1%+3.7pp | 16.4%-5.8pp | 22.2%+5.9pp | 16.2% |
| Return on Equity | 72.0%+4.5pp | 67.4%+34.9pp | 32.6%+2.1pp | 30.4%-20.1pp | 50.5%+9.2pp | 41.3%+4.0pp | 37.3%+14.2pp | 23.2%+3.3pp | 19.9%+5.7pp | 14.1%+3.8pp | 10.3%-10.6pp | 20.9%+5.3pp | 15.6%-2.2pp | 17.8%+5.8pp | 12.1% |
| Return on Assets | 4.2%+0.4pp | 3.7%+1.7pp | 2.1%-0.5pp | 2.5%-1.1pp | 3.7%+0.1pp | 3.6%-0.8pp | 4.4%+0.7pp | 3.8%0.0pp | 3.7%+0.6pp | 3.1%+0.6pp | 2.5%-1.3pp | 3.9%+1.1pp | 2.7%-1.8pp | 4.5%+1.3pp | 3.2% |
| Current Ratio | 0.40-0.1x | 0.45-0.1x | 0.51+0.1x | 0.440.0x | 0.41-0.4x | 0.79+0.3x | 0.470.0x | 0.51-0.3x | 0.81-0.2x | 1.04+0.2x | 0.83+0.3x | 0.50-0.6x | 1.06-0.3x | 1.32+0.3x | 0.99 |
| Debt-to-Equity | 9.26-0.4x | 9.70+1.2x | 8.51+2.4x | 6.13-1.5x | 7.61+0.7x | 6.96+2.8x | 4.18+0.7x | 3.45+0.3x | 3.11+0.4x | 2.70+0.1x | 2.57-0.9x | 3.45-0.6x | 4.08+1.6x | 2.43+0.3x | 2.17 |
| FCF Margin | 35.5%-1.0pp | 36.5%+7.3pp | 29.2%+10.3pp | 18.9%-17.9pp | 36.8%+1.4pp | 35.4%-1.0pp | 36.4%-1.7pp | 38.1%+6.3pp | 31.8%-3.1pp | 34.9%+4.8pp | 30.1%+1.8pp | 28.3%+2.3pp | 26.0%-3.4pp | 29.4%+3.1pp | 26.3% |
Note: The current ratio is below 1.0 (0.40), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where American Tower Corp Ranks
Frequently Asked Questions
What is American Tower Corp's annual revenue?
American Tower Corp (AMT) reported $10.6B in total revenue for fiscal year 2025. This represents a 5.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is American Tower Corp's revenue growing?
American Tower Corp (AMT) revenue grew by 5.1% year-over-year, from $10.1B to $10.6B in fiscal year 2025.
Is American Tower Corp profitable?
Yes, American Tower Corp (AMT) reported a net income of $2.6B in fiscal year 2025, with a net profit margin of 24.7%.
What is American Tower Corp's EBITDA?
American Tower Corp (AMT) had EBITDA of $6.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does American Tower Corp have?
As of fiscal year 2025, American Tower Corp (AMT) had $1.5B in cash and equivalents against $33.8B in long-term debt.
What is American Tower Corp's operating margin?
American Tower Corp (AMT) had an operating margin of 45.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is American Tower Corp's net profit margin?
American Tower Corp (AMT) had a net profit margin of 24.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does American Tower Corp pay dividends?
Yes, American Tower Corp (AMT) paid $6.72 per share in dividends during fiscal year 2025.
What is American Tower Corp's return on equity (ROE)?
American Tower Corp (AMT) has a return on equity of 72.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is American Tower Corp's free cash flow?
American Tower Corp (AMT) generated $3.8B in free cash flow during fiscal year 2025. This represents a 2.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is American Tower Corp's operating cash flow?
American Tower Corp (AMT) generated $5.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are American Tower Corp's total assets?
American Tower Corp (AMT) had $63.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are American Tower Corp's capital expenditures?
American Tower Corp (AMT) invested $1.7B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is American Tower Corp's current ratio?
American Tower Corp (AMT) had a current ratio of 0.40 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is American Tower Corp's debt-to-equity ratio?
American Tower Corp (AMT) had a debt-to-equity ratio of 9.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is American Tower Corp's return on assets (ROA)?
American Tower Corp (AMT) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is American Tower Corp's Altman Z-Score?
American Tower Corp (AMT) has an Altman Z-Score of 1.15, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is American Tower Corp's Piotroski F-Score?
American Tower Corp (AMT) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are American Tower Corp's earnings high quality?
American Tower Corp (AMT) has an earnings quality ratio of 2.08x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can American Tower Corp cover its interest payments?
American Tower Corp (AMT) has an interest coverage ratio of 3.56x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is American Tower Corp?
American Tower Corp (AMT) scores 60 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.