American Tower Corp
Close on Nov 2, 2026Market cap $87.74BP/E 25.9Yield 3.61%
American Tower Variable Ground Lease Costs Not Included in Lease by Year
Variable Ground Lease Costs Not Included in Lease Liability ($M) ($M)
American Tower Variable Ground Lease Costs Not Included in Lease: $351M in FY2025, down 28.2% from a year earlier.
Where the FY2025 figure comes from
“|| Variable lease costs not included in lease liability (1) | 351.3 | 489.2 | 434.5”
Source: American Tower SEC Form 10-K FY2025 (0001053507-26-000035, filed 2026-02-24) ↗
Reported in SEC Form 10-Q & 10-K Note 4/6 (Leases).
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Variable Ground Lease Costs Not Included in Lease Liability ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 351 | -28.2% | American Tower SEC Form 10-K FY2025 (0001053507-26-000035, filed 2026-02-24) ↗ |
| FY2024 | Dec 31, 2024 | 489 | +9.4% | American Tower SEC Form 10-K FY2024 (0001053507-25-000025, filed 2025-02-25) ↗ |
| FY2023 | Dec 31, 2023 | 447 | +15.2% | American Tower SEC Form 10-K FY2023 (0001053507-24-000011, filed 2024-02-27) ↗ |
| FY2022 | Dec 31, 2022 | 388 | +14.3% | American Tower SEC Form 10-K FY2022 (0001053507-23-000023, filed 2023-02-23) ↗ |
| FY2021 | Dec 31, 2021 | 340 | +21.3% | American Tower SEC Form 10-K FY2021 (0001053507-22-000017, filed 2022-02-25) ↗ |
| FY2020 | Dec 31, 2020 | 280 | +7.0% | American Tower SEC Form 10-K FY2020 (0001053507-21-000026, filed 2021-02-25) ↗ |
| FY2019 | Dec 31, 2019 | 262 | – | American Tower SEC Form 10-K FY2019 (0001053507-20-000028, filed 2020-02-25) ↗ |
Cite this data
StockData. (2026). American Tower Variable Ground Lease Costs Not Included in Lease ($M), annual FY2019–FY2025 [Data set]. Compiled from American Tower SEC filings and investor materials. https://stockdatahq.com/stocks/amt/kpis/lease-lessee-var-cost
See every metric in the American Tower KPI table. Data updated Nov 1, 2026.