undamentalytics Newsletter

Telecom Tower REITs stocks

3 US-listed companies in telecom tower reits, with $17.7bn of combined revenue in their latest fiscal years. American Tower is the largest ($10.6bn). The fastest grower with at least $100m of revenue in both years is American Tower, up 5.1%. The median company grew 5.1% with a net margin of 23.8%.

Companies3
Combined revenue$17.7bn
Median revenue growth5.1%
Median net margin23.8%
Median return on equity71.9%
#CompanyRevenueGrowthNet marginROEFiscal year
1 American TowerAMT $10.6bn 5.1% 23.8% 71.9% 2025
2 Crown CastleCCI $4.3bn −4.4% 10.4% — 2025
3 SBA CommunicationsSBAC $2.8bn 5.1% 37.4% — 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other real estate industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.