| Metric | Details |
|---|---|
| Company | AMC Entertainment Holdings, Inc. (NYSE: AMC), Leawood, Kansas |
| S&P / Moody’s | B- / no verified rating |
| Investment grade status | Below Investment Grade |
| Theatres | 845 theatres with 9,530 screens in the U.S. and Europe (June 30, 2026) |
| Median asking cap rate | See the live table below |
AMC Theatres is not investment grade. AMC Entertainment Holdings, Inc. carries issuer ratings of B- from S&P Global Ratings and B- from Fitch Ratings: all below the BBB-/Baa3 investment grade threshold. Ratings checked October 8, 2026. See the investment grade credit tenant ratings table.
AMC Theatres Business Overview
AMC describes itself as the world’s largest theatrical exhibition company. As of June 30, 2026, it owned, operated or had interests in 845 theatres and 9,530 screens in the U.S. and Europe. Revenue comes mainly from ticket and food and beverage sales.
AMC Theatres Credit Profile
AMC is rated B- in our database, below investment grade. At June 30, 2026, it reported about $3.85 billion of corporate borrowings, including current maturities (Form 10‑Q). As a public company, it files audited financial statements with the SEC, which landlords can use to follow its liquidity and debt maturities.
AMC leased 758 of its 791 consolidated theatres at December 31, 2025 (Form 10‑K). Confirm the tenant entity and whether a parent guarantees the lease.
Ratings come from our tenant ratings database, with sources noted below. A rating at or above BBB‑/Baa3 is investment grade; see the investment grade guide.
Source: S&P Global Ratings B-, as of July 28, 2026; Fitch Ratings B-, as of September 21, 2026. Ratings checked October 8, 2026.
AMC Theatres NNN Cap Rates
Live asking cap rates for AMC Theatres and comparable tenants:
The table shows a median for a circuit only when we track at least three of its listings with a published cap rate. Theater pricing depends heavily on the lease, the rent compared with what the site could earn in another use, and the land and parking available for redevelopment.
What to Check in an AMC Theatres Lease
- Tenant and guarantor: which operating entity signs the lease and whether a parent guarantees it.
- Lease history: rent deferrals, reductions or amendments made since 2020, and any lease rejected or renegotiated in a bankruptcy.
- Rent structure: base rent, any percentage rent tied to ticket or concession sales, and how rent compares with market.
- Re-use and redevelopment: theaters with stadium seating and large auditoriums can be costly to convert; value often depends on the land and parking for redevelopment.
- Co-tenancy: in shopping centers, the theater’s effect on the center and any co-tenancy provisions.
Pros and Cons
| Strengths | Considerations |
|---|---|
| Describes itself as the world’s largest theater operator; files public financial statements | Speculative grade rating |
| Theaters can draw traffic to shopping centers | Attendance depends on film releases and competes with streaming |
| Large sites with parking can have redevelopment value | Specialized buildings can be costly to convert |
Comparing AMC Theatres With Other Replacement Properties
For a 1031 buyer, compare a theater property with stronger-credit options, such as investment grade NNN tenants for 1031 exchanges, and test whether its higher yield compensates for the credit, the cost of re-leasing a specialized building and the redevelopment value of the site. Current market benchmarks are in the NNN cap rate guide.
Frequently Asked Questions
Is AMC investment grade?
No. AMC is rated B- in our ratings database, below investment grade.
How many theaters does AMC operate?
As of June 30, 2026, AMC owned, operated or had interests in 845 theatres with 9,530 screens in the U.S. and Europe.
What asking cap rates are AMC theater properties listed at?
The live table on this page shows a median when at least three listings with a published cap rate are available, with other theater circuits for comparison.
Sources: AMC Entertainment Holdings, Inc. Form 10‑Q for the quarter ended June 30, 2026; ratings from InvestmentGrade.com’s ratings database.
When the buyer owns the building, a cost segregation study may reclassify part of the purchase price, such as site improvements and some building systems and equipment, into 5-, 7- or 15-year property. That property can qualify for 100% bonus depreciation under Internal Revenue Code section 168(k) if it is acquired after January 19, 2025, and placed in service after that date; property acquired under a written binding contract entered into on or before January 19, 2025 is not treated as acquired after that date and does not qualify for the 100% rate (IRS Notice 2026‑11). How much qualifies varies widely by property and must be supported by an engineering-based study. On a ground lease the investor owns only land, which cannot be depreciated (Treasury Regulation section 1.167(a)‑2), and equipment owned by the tenant is not the landlord’s to depreciate. Bonus depreciation is generally recaptured as ordinary income on a taxable sale, to the extent of the gain (Internal Revenue Code sections 1245 and 1250); a 1031 exchange can defer it, subject to the limits in sections 1245(b)(4) and 1250(d)(4). Consult a tax professional. See the Depreciation by NNN Property Type.
Related: Gas Station Bonus Depreciation
AMC Theatres Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market AMC Theatres properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
