Morsa Images On July 9th, uniQure N.V. (NASDAQ:QURE) announced 24-month trial data for its Phase 1/2 clinical trials for AMT-130, an investigational gene therapy for Huntington’s Disease. Despite only enrolling 29 patients in the trial and having data for only 9 at the high dosage, the reduction of disease progression of 80% was so great that it was still statistically significant. The market obviously liked this news, as the two trading days following its release saw QURE move from $3.78 to $10.12. I b ...

Henrik Sorensen “Jobs Report Should Put a Jumbo Fed Rate Cut on the Table” is what Bloomberg’s Jonathan Levin wrote after the surprisingly poor nonfarm payroll numbers hit the wire. The markets were surprised by the highest unemployment rate in almost three years, as the rate jumped to 4.3%, up from 4.1% in June. This beat the estimates of all 69 economists that were surveyed by Bloomberg. While 4.3% is still a low number (it’s 6.0% in Germany), the rate of change matters. According to the Sahm Rule, th ...

Core Insights - The article emphasizes the importance of selecting stocks with durable assets, competitive advantages, and strong financials for long-term investment success [1] Company Analysis: American Tower (AMT) - American Tower is the largest cell tower REIT with a network of 224,000 communications sites and a strong presence in the U.S. and internationally [2] - In Q2 2024, AMT reported property revenue growth of 4.6% YoY, adjusted EBITDA growth of 8.1% YoY, and AFFO per share growth of 13.4% YoY, driven by its core cell tower business and data center operations [2] - CoreSite, AMT's data center business, achieved its second-highest quarter of signed new business, with 60% of projects under development pre-leased, indicating strong demand [4] - Management raised the full-year AFFO per share guidance from $10.42 to $10.60, reflecting a 7.4% YoY growth [4] - AMT's capital allocation strategy has shifted, with Asia representing only 14% of 2024 capital investments, down from 35% in 2021, while data centers now comprise 34% of investment capital [5] - AMT maintains a solid balance sheet with a BBB- credit rating, a net debt to EBITDA ratio of 4.8x, and $9.2 billion in total liquidity [6] - The current dividend yield is 2.9%, with a payout ratio of 61%, and the stock is trading at a forward P/FFO of 20.8, below its historical average of 23.0 [7][8] Company Analysis: Alexandria Real Estate (ARE) - Alexandria Real Estate holds a strong portfolio of office properties in innovation clusters, primarily serving the biotech sector, with 92% of rental revenue from investment-grade tenants [9] - In Q2 2024, ARE reported same property NOI growth of 3.9% YoY and FFO per share growth of 5.4% YoY, with a solid FFO/share growth of 6.3% for the first half of the year [10] - Management is guiding for an AFFO per share of $9.47 for the full-year 2024, representing 5.6% growth from 2023, supported by strong leasing activities [10] - ARE's balance sheet is robust, with a BBB+/Baa1 credit rating, a net debt to adjusted EBITDA ratio of 5.1x, and $5.6 billion in liquidity [10] - The current dividend yield is 4.4%, with a payout ratio of 55%, and a history of 13 consecutive years of dividend growth [10] - ARE is attractively valued at a forward P/FFO of 12.4, significantly below its historical average of 17.9 [11] Investment Summary - Both American Tower and Alexandria Real Estate present strong investment opportunities with mission-critical assets and solid financial performance [12] - AMT benefits from its extensive network and data center strategy, while ARE's strategic portfolio caters to the biotech sector, making both companies appealing for long-term investors seeking growth and income [12]

Buying real estate is one of the oldest ways of investing, and it has changed along with the evolution of the financial system. Renting out your space looks like a great option if you don’t see it as passive income, because constant visits to check on the condition of the property can turn into a full-time job. Real estate stocks can take the burden of property maintenance off investors’ shoulders and help with diversification, even when the capital is low. 36% of Americans believe that renting out commerci ...

The momentum is shifting for American Tower.American Tower (AMT -1.19%) has hit a speed bump in recent years. The communication infrastructure operator's adjusted funds from operations (FFO) slowed considerably last year, rising only 2.1% for the full year after growing at a double-digit pace for years. As a result, the company's dividend growth rate has also slowed, from a 10% annualized rate at the end of last year to 3.2% annualized in the second quarter. That slowdown has weighed heavily on its shares, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One): ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended June 30, 2024. ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. | --- | --- | --- | |-------------------------------------------------------------------|---------------------------------------------------------------------------------------------------- ...

American Tower Corporation’s (AMT) shares have gained nearly 2.5% in today’s trading session on stellar second-quarter results.Adjusted funds from operations (AFFO) per share, attributable to AMT common stockholders, of $2.79 beat the Zacks Consensus Estimate of $2.53 and climbed 13.4% year over year.Results reflect better-than-anticipated revenues, aided by revenue growth across its Property segment. American Tower recorded healthy year-over-year organic tenant billings growth of 5.3% and total tenant bill ...

American Tower Corporation (NYSE:AMT) Q2 2024 Earnings Conference Call July 30, 2024 8:30 AM ET Company Participants Adam Smith - Senior Vice President of Investor Relations & FP&A Steve Vondran - President & Chief Executive Officer Rod Smith - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants Simon Flannery - Morgan Stanley Michael Rollins - Citi Ric Prentiss - Raymond James David Barden - Bank of America Matt Niknam - Deutsche Bank Jim Schneider - Goldman Sachs Eri ...

AMERICAN TOWER® C O R P O R A T I O N Second Quarter 2024 Earnings Conference Call July 30, 2024 Agenda Introduction Adam Smith Senior Vice President, Investor Relations & FP&A Opening Remarks Steven Vondran President and Chief Executive Officer Rod Smith Executive Vice President, Chief Financial Officer and Treasurer Financial Results Q&A 2 Forward-Looking Statements "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements wit ...

American Tower beat estimates across the board in the second quarter.American Tower (AMT 0.57%) plays a critical role in the telecom industry. The company owns more than 200,000 communications sites globally, including cell towers that enable wireless carriers to extend the reach of their networks.Some wireless carriers operate their own towers, as well, but it's becoming less common. Verizon, for example, is reportedly exploring a sale of thousands of U.S. towers in a deal that could raise $3 billion. The ...