Communications Sector

[gfp927z]

>>> American Tower Corporation: Reiterating BUY as AFFO tops consensus

Summary


https://finance.yahoo.com/research/reports/ARGUS_3627_AnalystReport_1683112910000?yptr=yahoo&ncid=yahooproperties_plusresear_nm5q6ze1cei


American Tower operates wireless and broadcast communications real estate, including wireless towers, distributed antenna systems, and managed rooftop systems. The company leases multitenant space to wireless service providers and radio and television broadcasters. AMT has over 226,000 towers and small cell systems networks, with 43,000 properties in the U.S. and Canada and about 182,000 international properties. International sites represent about 45% of revenues. Top U.S. tenants include T-Mobile, AT&T, and Verizon, with T-Mobile accounting for about 16% of revenue. At the end of 2021, AMT expanded into data centers with the acquisition of CoreSite, a hybrid IT provider with 25 interconnected data centers in the U.S. The company has ongoing plans to leverage its U.S. data centers. The current market cap is $95 billion. The shares are a component of the S&P 500.

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