American Tower Corp
Close on Nov 2, 2026Market cap $87.74BP/E 25.9Yield 3.61%
American Tower Non-Cancellable Tenant Lease Revenue Backlog by Year
Non-Cancellable Tenant Lease Revenue Backlog — Total Undiscounted Receipts ($M) ($M)
American Tower Non-Cancellable Tenant Lease Revenue Backlog: $54,006M in FY2025, up 0.5% from a year earlier.
Where the FY2025 figure comes from
Source: American Tower SEC Form 10-K XBRL (0001053507-26-000035, filed 2026-02-24) ↗
Exact undiscounted future minimum rental receipts under non-cancellable tenant leases. Dropped by $5.4B from $54,142.3M (Q4 2025) to $48,734.0M (Q3 2026) as AMT excluded contractual balances owed by DISH Wireless L.L.C.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Non-Cancellable Tenant Lease Revenue Backlog — Total Undiscounted Receipts ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 54,006 | +0.5% | American Tower SEC Form 10-K XBRL (0001053507-26-000035, filed 2026-02-24) ↗ |
| FY2024 | Dec 31, 2024 | 53,757 | -10.8% | American Tower SEC Form 10-K XBRL (0001053507-25-000025, filed 2025-02-25) ↗ |
| FY2023 | Dec 31, 2023 | 60,275 | -3.3% | American Tower SEC Form 10-K XBRL (0001053507-24-000011, filed 2024-02-27) ↗ |
| FY2022 | Dec 31, 2022 | 62,353 | +1.5% | American Tower SEC Form 10-K XBRL (0001053507-23-000023, filed 2023-02-23) ↗ |
| FY2021 | Dec 31, 2021 | 61,426 | +4.9% | American Tower SEC Form 10-K XBRL (0001053507-22-000017, filed 2022-02-25) ↗ |
| FY2020 | Dec 31, 2020 | 58,570 | +24.9% | American Tower SEC Form 10-K XBRL (0001053507-21-000026, filed 2021-02-25) ↗ |
| FY2019 | Dec 31, 2019 | 46,875 | – | American Tower SEC Form 10-K XBRL (0001053507-20-000028, filed 2020-02-25) ↗ |
Breakdown
What makes up non-Cancellable Tenant Lease Revenue Backlog
- Backlog Maturity — Remainder of Current Fiscal Year (Q1–Q3 10-Q, $M)–
- Backlog Maturity — Fiscal Year +1 ($M)8,693 · FY2025
- Backlog Maturity — Fiscal Year +2 ($M)8,530 · FY2025
- Backlog Maturity — Fiscal Year +3 ($M)7,146 · FY2025
- Backlog Maturity — Fiscal Year +4 ($M)6,751 · FY2025
- Backlog Maturity — Fiscal Year +5 (Annual Form 10-K, $M)5,413 · FY2025
- Backlog Maturity — Thereafter ($M)17,474 · FY2025
Cite this data
StockData. (2026). American Tower Non-Cancellable Tenant Lease Revenue Backlog ($M), annual FY2019–FY2025 [Data set]. Compiled from American Tower SEC filings and investor materials. https://stockdatahq.com/stocks/amt/kpis/lease-lessor-backlog-total
See every metric in the American Tower KPI table. Data updated Nov 1, 2026.