Added to YB: 2024-05-07
Pitch date: 2024-05-01
AMT [bullish]
American Tower Corporation
+11.35%
current return
Author Info
Brass Tacks Cap shares monthly write-ups on core holdings and bullpen names. Sign up for the newsletter.
Company Info
American Tower Corporation one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.
Market Cap
$85.1B
Pitch Price
$162.88
Price Target
N/A
Dividend
3.92%
EV/EBITDA
15.73
P/E
25.11
EV/Sales
12.32
Sector
Specialized REITs
Category
growth
American Tower Corporation - $AMT
AMT: Global wireless infra leader w/ 220K+ sites. High 90% cash gross margins, 17% ROIC. Switching costs & long-term contracts drive 15% AFFO/sh growth. Benefits from 25% mobile data traffic CAGR. Opportunities in 5G, IoT, int'l markets. 18% annual TSR since '07. 10%+ AFFO/sh growth ahead.
Read full article (12 min)