Company Information

  

Address: 116 HUNTINGTON AVE  
City: BOSTON 
State: MA 
Zip Code: 02116 
Telephone: 617-375-7500 

Description of Business

Primary SIC Code: 6798
(As filed with the SEC)  

We are one of the largest global real estate investment trusts and a leading independent owner, operator and developer of multitenant communications real estate. Our primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. We refer to this business as our property operations, which accounted for 99% of our total revenues for the year ended December 31, 2016. We also offer tower-related services in the United States, including site acquisition, zoning and permitting and structural analysis, which primarily support our site leasing business, including the addition of new tenants and equipment on our sites. We refer to this business as our services operations.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20172.630.66051.97
06/20172.500.64052.93
03/20172.070.62058.72
12/20161.980.58053.37
09/20162.000.55056.66
06/20161.610.53070.57
03/20161.540.51066.47
12/20151.410.49068.76

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.10Total Liab/Total Assets0.75
Net Inc/Total Assets0.03Total Liab/Inv Cap0.79
Net Inc/Inv Cap0.03Total Liab/Comm Equity2.34
Pretax Inc/Net Sales0.19Interest Coverage Ratio2.57
Net Inc/Net Sales0.17Curr Debt/Equity0.04
Cash Flow/Net Sales0.47LTD/Equity2.70
SG&A/NetSales0.11Total Debt/Equity2.74
Asset Utilization   Liquidity  
Net Receivables Turnover21.60Quick Ratio1.04
Inventory TurnoverNACurrent Ratio1.04
Inventory Day SalesNANet Rec/Curr Assets0.18
Net Sales/Work Cap98.73Inv/Curr AssetsNA
Net Sales/PP&E0.55  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 1,680.77 1,662.43 1,616.24 1,539.55
Cost of Goods Sold 519.76 517.18 492.71 488.00
Selling & Admin Exps 167.50 171.99 171.01 174.02
Operating Income 561.15 576.91 531.38 489.30
Interest Exp 188.78 187.03 183.70 186.05
Pretax Income 368.10 412.47 334.17 293.68
Other Income -4.27 22.59 -13.51 -9.56
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 317.27 367.05 316.08 229.21

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 955.71 914.31 863.55 940.47
Receivables - Total 508.63 322.06 369.97 308.37
Inventories - Total NA NA NA NA
Total Current Assets 1,963.57 1,802.76 1,711.19 1,689.87
Net Property, Plant & Equipment 10,795.06 10,725.71 10,717.16 10,517.26
Total Assets 32,319.33 32,138.21 32,057.39 30,879.15
Liabilities        
Accounts Payable 1,283.97 1,263.39 1,217.51 1,147.08
Debt in Current Liabilities 687.38 1,732.04 1,707.33 238.81
Total Current Liabilities 2,260.24 3,278.91 3,209.06 1,631.27
Long-Term Debt 18,581.38 17,509.94 17,182.75 18,294.66
Total Liabilities 24,654.43 24,499.63 24,074.93 23,024.04
Stockholder's Equity        
Minority Interest 591.51 562.41 532.37 212.31
Preferred Stock 0.01 0.01 0.07 0.07
Common Stock 4.38 4.37 4.31 4.30
Retained Earnings -975.16 -989.15 -1,053.71 -1,076.97
Treasury Stock -884.61 -849.06 -432.73 -207.74
Total Stockholders' Equity 6,518.13 6,482.71 6,852.47 6,763.90
Total Liabilities and Stockholders' Equity 31,172.55 30,982.34 30,927.40 29,787.93

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 653.29 795.36 683.10 725.17
Net Cash Provided by Investing Activities -295.99 -294.22 -920.29 -321.24
Net Cash Provided by Financing Activities -323.34 -448.46 157.87 -126.02

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20122,875.96637.281.60
12/20133,361.41551.331.38
12/20144,100.05824.912.00
12/20154,771.52685.071.41
12/20165,785.67956.421.98
Growth Rates19.0910.685.47

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/171015407,76795.08




Report Date : 12/4/2017

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