Experts often consider real estate the king of investments for good reason. Fundamentally, the planet isn’t likely to grow new land short of some awful seismic activity occurring. As a result, you can do many things with property that you can’t with other asset classes. However, the sector can be a pain and that’s where REITs to buy comes into play.Here, we’re talking about real estate investment trusts or companies that either own or financially support income-producing real estate. While it may be better ...

The latest trading session saw American Tower (AMT) ending at $194.72, denoting a +0.24% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.26%. Elsewhere, the Dow saw an upswing of 0.18%, while the tech-heavy Nasdaq appreciated by 0.35%.The wireless communications infrastructure company's shares have seen an increase of 5.3% over the last month, surpassing the Finance sector's gain of 0.75% and the S&P 500's gain of 3.25%.The investment community will be pa ...

Richard Drury/DigitalVision via Getty Images We previously discussed American Tower Corporation (NYSE:AMT) in March 2024, discussing why we had upgraded the stock to a Buy after the much-needed pullback from its December 2023 top, thanks to the market's over-reaction to the lowered quarterly dividend payouts on a QoQ basis. However, we had believed that AMT was a better buy after the correction, thanks to the improving monetization in FY2023, the management's promising FY2024 guidance, and the near-term foc ...

American Tower Corporation (NYSE:AMT) Nareit REIT Week: 2024 Investor Conference Call June 5, 2024 8:45 AM ET Company Participants Steve Vondran - President and Chief Executive Officer Conference Call Participants Rick Prentiss - Raymond James Rick Prentiss All right. Good morning, everybody. I'm Rick Prentiss, Head of Telecom Services Research at Raymond James. That includes TMT Towers, media and telecom services. We're excited to continue the Nareit tradition of American Tower and Raymond James. This is a ...

~ Designation based on 24-month interim Phase I/II clinical data for AMT-130 announced in December 2023 ~ ~ AMT-130 is the first therapeutic candidate to receive RMAT Designation for Huntington’s disease ~ ~ Receiving RMAT designation enables increased collaboration with the FDA on regulatory approval planning, in addition to the opportunity for expedited product development ~ LEXINGTON, Mass. and AMSTERDAM, June 03, 2024 (GLOBE NEWSWIRE) -- uniQure N.V. (NASDAQ: QURE), a leading gene therapy company advanc ...

American Tower (AMT) owns an extensive and geographically diversified communication real estate portfolio. The high capital spending by wireless carriers amid growing wireless penetration, accelerated 5G network deployment efforts and spectrum auctions is likely to keep demand up, poising it well to ride the growth curve. Also, its expansion efforts and solid balance sheet strength bode well.This April, this Boston, MA-based communications tower REIT reported first-quarter 2024 adjusted funds from operation ...

Matteo Colombo Real Estate Weekly Outlook U.S. equity markets snapped a four-week winning streak while benchmark interest rates rebounded as hopes for multiple Fed rate cuts this year were curtailed by the combination of hot U.K. inflation data, hawkish Fed commentary from several swing voters, and surprisingly solid PMI data. Mirroring trends across the pond, hotter-than-expected consumer inflation data in the United Kingdom dashed hopes that the Bank of England could potentially kick-start a wave of m ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about American Tower (AMT) .American Tower currently has an average brokerage recommendation (ABR) of ...

Since the onset of the Covid-19 pandemic, inflation has become quite a sticky problem. It has taken far longer than expected for economic disruptions to work their way through the system.While many analysts hoped that inflation would be transitory, rises in energy costs and foreign wars have led to prices remaining elevated. The Federal Reserve would currently like to lower interest rates, but it has held off so far due to inflation remaining above its target level.However, it appears that inflation is fina ...

Summary of American Tower Corporation Conference Call Company Overview - **Company**: American Tower Corporation (NYSE: AMT) - **Event**: J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference - **Date**: May 20, 2024 Key Points Strategic Priorities - **Organic Growth**: Focus on maximizing organic growth through enhanced customer service and sales efforts [2] - **Capital Expenditure (CapEx)**: Selective investments in internal CapEx programs, including a healthy build-a-suit program [2] - **Cost Structure Optimization**: Projecting a reduction in SG&A expenses by approximately $30 million year-over-year [2] - **Leverage Ratio Management**: Aiming to reduce leverage ratio below 5.0 [2] Industry Dynamics - **5G Growth**: Anticipated organic tenant building growth in the U.S. of at least 5% from 2023 to 2027, with a 6% growth rate when normalizing for Sprint churn [4] - **Mobile Data Usage**: Continues to increase at a rate of 20% to 30% per year in the U.S., indicating strong demand for infrastructure [4] - **Network Optimization**: Carriers are focusing on optimizing networks while deploying 5G, with a noted uptick in colocation activities [12] Financial Performance - **Rental Revenue**: Supported by comprehensive Master Lease Agreements (MLAs) that smooth revenue fluctuations [8] - **Services Business**: Expected uptick in construction management and engineering services, driven by increased activity levels [8][10] - **CoreSite Acquisition**: Record levels of new business and a robust pipeline, particularly driven by hybrid cloud deployments [17] International Operations - **India Exit**: Definitive agreement to sell the India business for approximately $2.5 billion, with expected closure in the second half of the year [26] - **Europe**: Strong performance with healthy new business and 5G advancements, particularly in Germany and Spain [28] - **Latin America**: Facing challenges due to churn and delays in 5G spectrum allocation, but optimistic for future growth [28] - **Africa**: High demand for assets, with significant new business in local currency terms despite macroeconomic challenges [28] Future Outlook - **CapEx Flexibility**: Ability to adjust CapEx based on market conditions and investment opportunities [21] - **Power Supply Management**: Secured power for current and future developments, mitigating potential capacity issues [22] - **Market Opportunities**: Prepared to capitalize on future M&A opportunities when favorable conditions arise [35] Additional Insights - **Data Center Market**: CoreSite's business is benefiting from AI and hybrid cloud trends, with a focus on the inferencing layer of AI applications [17] - **Long-term Growth**: Anticipated return to high growth rates in Latin America and Africa once macroeconomic conditions stabilize [30][32] Capital Allocation Strategy - **Long-term Shareholder Value**: Future capital allocation will focus on maximizing long-term shareholder value through M&A, internal CapEx, stock buybacks, and dividends [44] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting American Tower Corporation's focus on growth, optimization, and international expansion.