- It is rare to be bullish on all the stocks within any given subsector. The fundamentals and valuation make it reasonable here.
- We currently have bullish outlooks on all 3 tower REITs: AMT, CCI, and SBAC. We eat our own cooking, so we've purchased shares in each of these REITs as well.
- The tower REITs have demonstrated an incredible history of growth in AFFO per share. Investors are undervaluing their future growth today.
- Instead, investors are piling into the "recovery" plays by purchasing REITs that struggled far more with the pandemic.
- Today the market is excited about retail REITs, which ignores the long-standing trend of retailers going bankrupt, declining leasing spreads, and lackluster growth in AFFO per share.
For further details see:
5 Reasons I'm Buying Towers