American Tower Corporation (AMT) vs Ventas, Inc. (VTR)
A side-by-side comparison of American Tower Corporation and Ventas, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — AMT vs VTR
growth of $100 · dividends reinvested · last 10yAMT vs VTR: by the numbers
- •AMT is the larger company ($82.55B vs $43.10B market cap).
- •AMT converts more revenue to profit (30.88% vs 4.13% net margin).
- •VTR grew revenue faster over the past five years (11.91% vs 4.95% CAGR).
- •AMT pays the higher dividend yield (3.92% vs 2.24%).
Metrics side by side
Valuation
| Metric | AMT | VTR |
|---|---|---|
| P/E ratio | 24.37 | 164.18 |
| Forward P/E | 25.42 | 152.11 |
| P/S ratio | 7.54 | 6.69 |
| P/B ratio | 22.19 | 2.94 |
| EV / EBITDA | 18.11 | 24.38 |
| FCF yield | 4.80% | N/A |
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 Ventas, 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 | VTR |
|---|---|---|
| Gross margin | 73.19% | -2.58% |
| Operating margin | 44.40% | 12.94% |
| Net margin | 30.88% | 4.13% |
| ROE | 90.83% | 1.82% |
| ROIC | 7.27% | 2.81% |
Dividends
| Metric | AMT | VTR |
|---|---|---|
| Dividend yield | 3.92% | 2.24% |
| Payout ratio | 96.01% | 370.37% |
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.
Ventas, 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 | VTR |
|---|---|---|
| Revenue CAGR (5Y) | 4.95% | 11.91% |
| EPS CAGR (5Y) | 7.23% | -14.16% |
| FCF CAGR (5Y) | 6.23% | 0.22% |
| Total return CAGR (5Y) | -6.67% | 13.45% |
Frequently asked
- Which has grown faster, AMT or VTR?
- Over the past five years, VTR grew revenue faster — AMT at a 4.95% CAGR versus VTR at 11.91%.
- Does AMT or VTR pay a bigger dividend?
- AMT yields 3.92% and VTR yields 2.24% based on trailing dividends and the latest price.
- Is AMT or VTR more profitable?
- AMT runs the higher net margin — AMT at 30.88% versus VTR at 4.13%.
- How have AMT and VTR total returns compared?
- Over the past 10 years, AMT delivered 7.61% and VTR delivered 7.06% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
American Tower & Ventas 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 13, 2026.