2024-04-21 06:00:00 ET
Summary
- American Tower trades well below their 5-year P/AFFO average of roughly 25x, presenting a great buying opportunity for long-term investors.
- The company has shown solid growth in a challenging economic environment and managed to grow its top & bottom lines YoY despite a miss in Q4.
- The stock is currently trading at a discount compared to its historical average and offers potential upside for long-term investors.
- The REIT managed to improve its balance sheet and increase its liquidity during the fiscal year.
- With rate cuts likely out of the picture for June, this will likely continue to place downward pressure on American Tower's share price in the near term.
Introduction
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American Tower: Buy-And-Hold Investors Should Be Euphoric About This Bargain