American Tower

AMT

Market cap $89B

Dividend growth is a powerful catalyst for REITs. Hike announcements commonly lead to immediate upside. I present 3 undervalued REITs with rapid dividend growth potential.

After a strong August, REITs faded slightly in September (-0.73%), pulling the REIT sector's year-to-date average total return down to (-1.74%). Mid-cap REITs (-0.92%) averaged the lowest total return in September. Large caps (-0.29%), micro caps (-0.79%), and small caps (-0.83%) averaged modestly smaller declines. Only 37.4% of REIT securities had a positive total return in September.

AMT's Coresite is expanding its Denver footprint with the DE3 data center, the city's first new colocation site in two decades.

DENVER--(BUSINESS WIRE)--CoreSite, an American Tower company (NYSE: AMT) empowering critical business and AI workloads that impact everyday life through interconnected data center solutions, recently celebrated a major construction milestone for its new DE3 data center at 4900 Race Street in Denver. CoreSite's leadership team, state and city leaders, customers, community partners and vendors gathered to commemorate the topping off of CoreSite's newest development project. CoreSite's DE3 data ce.

U.S. equity markets rallied to fresh record-highs this past week as investors leaned into rate cut expectations following a wave of soft employment data and a Federal Government shutdown. For the fourth time since 1995, the federal government entered a partial "shutdown" after the U.S. Senate failed to reach the 60-vote threshold required for passage of appropriations. Defering to experience from prior shutdowns in 2013 (16 days) and in 2018 (35 days), markets largely shrugged off the latest Congressional impasse, with investors still anticipating a timely resolution.

The US stock market is highly concentrated, with technology and tech-related stocks now comprising about 55% of total market cap. This concentration justifies higher valuation multiples for SPY, as tech companies have stronger margins and more stable earnings than defensive sectors. There is a stark divergence in performance between speculative tech ETFs like ARKK and CHAT versus defensive dividend ETFs such as SCHD and VNQ.

"Dividends are like rewards for patience and loyalty, a tangible expression of a company's gratitude to its shareholders." -- Peter Lynch

American Tower's (NYSE:AMT) growth outlook remains tied to muted carrier activity, with T-Mobile US (NASDAQ:TMUS) driving colocations to meet Federal Communications Commission (FCC) buildout rules while Verizon (NYSE:VZ) and AT&T (NYSE:T) continue network upgrades that bring only incremental leasing revenue.

SBA Communications and American Tower have disappointed investors over the last 3 years. The primary issue was that investors overpaid for growth. The secondary issue was even that expected growth didn't materialize.

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) announced today that the press announcement of its third quarter 2025 results is scheduled to be released to the news services at 7:00 a.m. ET on Tuesday, October 28, 2025. In addition, the Company has scheduled a conference call at 8:30 a.m. ET on October 28, 2025, to discuss its results. Earnings Call Information Date/Time Tuesday, October 28, 2025, at 8:30 a.m. ET Pre-Registration Link for Dial-In Access Participants can pre-reg.