Professional
Added to YB: 2025-05-02
Pitch date: 2025-03-31
AMT [bullish]
American Tower Corporation
+2.56%
current return
Author Info
No bio for this author
Company Info
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of nearly 149,000 communications sites and a highly interconnected footprint of U.
Market Cap
$104.7B
Pitch Price
$218.28
Price Target
N/A
Dividend
2.90%
Sector
Specialized REITs
Category
growth
Baron Real Estate Fund Portfolio new purchase: American Tower Corporation
AMT: Re-acquired shares at 20x cash flow (3x discount vs history, 1.5x vs REITs) for high single-digit growth. Leading global tower operator (150k sites) benefiting from mobile data secular growth. Stock rebounded on carrier bookings, solid 2025 outlook, and India exit creating predictable earnings with less volatility.
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