American Tower Corporation (AMT) vs CBRE Group, Inc. (CBRE)
A side-by-side comparison of American Tower Corporation and CBRE Group, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 8, 2026. Differences are shown without an overall score or investment verdict.
Total return — AMT vs CBRE
growth of $100 · dividends reinvested · last 10yAMT vs CBRE: by the numbers
- •AMT is the larger company ($82.16B vs $42.06B market cap).
- •AMT converts more revenue to profit (30.88% vs 2.98% net margin).
- •CBRE grew revenue faster over the past five years (11.83% vs 4.95% CAGR).
- •AMT pays a dividend (3.97% yield), while CBRE has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | AMT | CBRE |
|---|---|---|
| P/E ratio | 24.19 | 33.91 |
| Forward P/E | 25.23 | 18.87 |
| P/S ratio | 7.50 | 1.01 |
| P/B ratio | 22.06 | 5.23 |
| EV / EBITDA | 18.03 | 23.36 |
| FCF yield | 4.83% | 2.14% |
For REITs like American Tower Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like CBRE Group, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | AMT | CBRE |
|---|---|---|
| Gross margin | 73.19% | 17.66% |
| Operating margin | 44.40% | 3.61% |
| Net margin | 30.88% | 2.98% |
| ROE | 90.83% | 15.49% |
| ROIC | 7.27% | 5.77% |
Dividends
| Metric | AMT | CBRE |
|---|---|---|
| Dividend yield | 3.97% | N/A |
| Payout ratio | 96.01% | N/A |
American Tower Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
CBRE Group, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | AMT | CBRE |
|---|---|---|
| Revenue CAGR (5Y) | 4.95% | 11.83% |
| EPS CAGR (5Y) | 7.23% | 11.62% |
| FCF CAGR (5Y) | 6.23% | -13.21% |
| Total return CAGR (5Y) | -7.39% | 8.45% |
Frequently asked
- Which has grown faster, AMT or CBRE?
- Over the past five years, CBRE grew revenue faster — AMT at a 4.95% CAGR versus CBRE at 11.83%.
- Does AMT or CBRE pay a bigger dividend?
- AMT pays a dividend (3.97% yield), while CBRE has no payments in the available dividend history.
- Is AMT or CBRE more profitable?
- AMT runs the higher net margin — AMT at 30.88% versus CBRE at 2.98%.
- How have AMT and CBRE total returns compared?
- Over the past 10 years, AMT delivered 7.02% and CBRE delivered 17.22% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
American Tower & CBRE appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 8, 2026.