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Posted by
Two Blokes Jun 25 -
Filed in
Stock
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2 views
AMT has stabilized after past volatility, with strong fundamentals and accelerating growth expected as it laps tough international comparables and benefits from 5G rollouts. Current valuation (23x FFO, 3% yield) reflects optimism, but I see it as fully valued, offering market-like returns rather than clear outperformance. The market is underestimating long-term risks from satellite internet (e.g., Starlink), which could threaten the relevance of tower assets over time.
