Crown Castle International (CCI) is our largest individual position. It carries a huge weight in our portfolio, about 11%. That weight reflects our confidence in the long-term success of CCI and its business model. We've already prepared quite a few articles covering the macro outlook for tower REITs. Therefore, we want to focus on the latest developments. We previously covered all the basics about these REITs for subscribers in A Primer on Cell Tower REITs.
CCI’s recent presentation for Goldman Sachs hinted at another year of exceptional growth coming in 2022.
CCI already raised guidance for AFFO per share twice in 2021 (indicating 12% growth). Now they say growth going into 2022 looks like what they saw in 2021. AFFO per share grew significantly in 2020, guidance calls for 2021 to be even better, and commentary suggests 2022 will be similar to 2021. Unlike many REITs expected to see incredible growth in AFFO per share, there was no “weak base year” during the pandemic. Low Earth Orbit satellites are often seen as a risk, but the physics simply do not work for them replacing towers.
Source: Seeking Alpha
Related Articles:
This Is Why Crown Castle Is Our Largest Position
Posted by D4L | Wednesday, November 10, 2021 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
Long-term investors know that dividends can have a major impact on returns over time. When the stock market is struggling to make gains like...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
We decided to go on a hunt for quality stocks that for one reason or another have been buried, and not just this year. We found three incred...
-
Buy and hold ... forever? It's a tall order, but a select few companies are potentially up to the task. You can build a wealth-compoundi...
-
Does the high interest rate environment we're living in have you feeling down? Here's something to remember that can help you turn t...
-
Essentially, we’re looking for more Apples – tech firms with a large market cap (at least $1-billion) and the financial means necessary to p...
-
Dividend stocks can be consistent market-beaters. However, empirical research shows that the best dividend stocks tend to generate better-th...
-
High-quality dividend stocks are always worth loading up on. This is doubly true for companies that offer shareholders an attractive mix of ...
-
Numerous high-quality dividend opportunities are up for grabs at the moment, which may be appealing to some investors given the uncertainty ...
-
Some dividend-paying companies have seen their financials struggle over the years. These companies become vulnerable to dividend cuts which ...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.