• American Tower average return on tangible equity for 2024 was -11.23, a 82.31% decline from 2023.
• American Tower average return on tangible equity for 2023 was -6.16, a 45.63% increase from 2022.
• American Tower average return on tangible equity for 2022 was -11.33, a 11.62% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.