CCI - Here's Why This Passive Income Stock Can Keep Paying You for Years to Come
Crown Castle International (NYSE: CCI) presents a compelling argument for a long-term buy and hold based on its past performance and positioning to take advantage of opportunities.
This real estate investment trust (REIT) is one of the largest owner-operators of telecommunications infrastructure, leasing space on its cell towers and fast-growing network of fiber cable and small-cell nodes to a long list of customers that range from the major mobile carriers to small local governments.
The Houston-based company went public in 1998 with a portfolio of 133 cell towers and now has more than 40,000 of them, as well as about 115,000 small-cell nodes and 85,000 miles of fiber cable. That growth parallels the surging demand for infrastructure that has seen this passive income machine produce an enviable record of outperformance.
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Here's Why This Passive Income Stock Can Keep Paying You for Years to Come