Professional
Added to YB: 2025-05-02
Pitch date: 2025-03-31
AMT [bullish]
American Tower Corporation
-18.29%
current return
Author Info
No bio for this author
Company Info
American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate.
Market Cap
$79.7B
Pitch Price
$212.62
Price Target
N/A
Dividend
3.98%
EV/EBITDA
15.48
P/E
31.67
EV/Sales
12.20
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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