Verified peer comparison

O vs AMT

Realty Income Corporation compared with American Tower Corporation. This page compares both source-verified company profiles and does not introduce an unverified price target.

Realty Income Corporation

$189.43

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AMT

American Tower Corporation

$189.43

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Low: --
Market Cap: --

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Company-specific comparison

Business exposure

O: Retail REITs

AMT: Telecom Tower REITs

Upside lens

O: A broad sourcing platform can deploy capital across properties, loans and preferred equity when risk-adjusted spreads are attractive. The Apollo partnership and other institutional vehicles can expand fee opportunities and investment capacity with less balance-sheet funding. Long leases, contractual rent growth and positive rent recapture can support predictable cash flow and dividend coverage.

AMT: Carrier network investment can drive new colocations and amendments across American Tower's existing communications sites. Long-term leases with escalators and a high proportion of recurring site revenue can support visible organic growth. Cloud, interconnection and AI-related demand can improve utilization and expansion opportunities within the CoreSite portfolio.

Risk lens

O: Tenant distress, bankruptcies or non-renewals can interrupt rent, create vacancies and require capital to re-lease properties. The acquisition model depends on access to debt and equity at costs that preserve investment spreads and per-share accretion. International growth, funds, credit investments and new property types increase underwriting, governance and execution complexity.

AMT: Dependence on a small number of major wireless carriers creates exposure to consolidation, churn and customer capital-spending decisions. Operations across emerging markets expose reported results and cash flows to currency volatility, regulation and political instability. Debt-funded infrastructure ownership makes refinancing costs, credit access and interest-rate movements material to cash available for investment and distributions.

Verified sources

Realty Income Announces Operating Results for the Three Months Ended March 31, 2026Realty Income Corporation · earningsVerified