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Cell tower REITs hit 12-year lows but offer growth potential amid tech upgrades and new leasing opportunities.

Market News
07 Sep 2026
Seeking Alpha
View Source
Bullish
Cell tower REITs hit 12-year lows but offer growth potential amid tech upgrades and new leasing opportunities.

Cell tower REITs such as SBAC, AMT, and CCI are trading at their lowest multiples in 12 years due to earnings troughs and risks from Dish and satellite competition. However, the entry of Starlink is seen as a potential growth driver rather than a threat, possibly increasing leasing and revenue for tower REITs. The Chilton REIT Team has increased their allocation to these REITs, expecting 6-7% AFFO/share growth by 2027–2028. Upcoming spectrum auctions, 6G technology upgrades, and possible corporate actions like sales and monetizations provide additional catalysts for these investments.

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