American Tower’s stock retreated by 1.42% in the latest session, a larger drop than the benchmark equity index’s 0.8% pullback. Trading volume rose by 20% above its 30-day average as investors reacted to shifting yield expectations in the fixed-income market. This underperformance marks the third decline in five days for the communications infrastructure REIT, highlighting growing sensitivity to interest-rate fluctuations and credit-market spreads.

The company will release its fourth-quarter and full-year 2025 results on Tuesday, February 24, 2026, at 7:00 a.m. ET, followed by a conference call at 8:30 a.m. ET. Investors can access the call via webcast or by pre-registering for dial-in information. Management is expected to provide updated guidance for core funds from operations (FFO) per share, having recently achieved 2025 FFO of $5.72 per share, up 6% year-over-year.

American Tower distributed approximately $3.2 billion in dividends over the last twelve months, making it the second-largest dividend payer among REITs. The company currently pays $1.70 per share on a quarterly basis, representing a 3.8% yield based on its recent dividend rate. In the third quarter of 2025, it generated $984 million in free cash flow after capital expenditures, comfortably covering its dividend obligation and preserving capacity for growth initiatives.

Following a concerted effort to reduce leverage to a 4.9x net debt-to-EBITDA ratio—within the company’s 3.0x–5.0x target range—management reiterated a goal of mid-single-digit annual dividend increases. Given solid cash flow generation and a strengthened balance sheet, analysts forecast a roughly 5% dividend hike in 2026, which would raise total shareholder payouts to nearly $3.4 billion and underscore the REIT’s commitment to returning capital while maintaining investment-grade credit metrics.