Cell Tower Reits
The single largest REIT sector by market capitalization, Cell Tower REITs own roughly 50-80% of the 100-150k investment-grade macro cell towers in the United States.
Cell Tower REITs primarily own "macro" communications towers that host cellular network broadcast equipment from the major U.S. cell carriers.
While Crown Castle operates exclusively in the United States, American Tower, SBA Communications, and Uniti Group have significant international operations.
| Ticker Symbol | Company Name | Property Sector | Market Cap ($B) | Dividend Yield | Payout Frequency | Price-to-FFO | Debt Ratio | Short Interest | |
|---|---|---|---|---|---|---|---|---|---|
| AMT | American Tower |  | Cell Tower | 98.25 | 3.07% | Quarter | 21.9 | 31% | 1.3% |
| CCI | Crown Castle |  | Cell Tower | 50.78 | 5.35% | Quarter | 15.3 | 32% | 1.3% |
| SBAC | SBA Communications |  | Cell Tower | 27.13 | 1.35% | Quarter | 19.9 | 33% | 2.4% |
| UNIT | Uniti Group |  | Cell Tower | 1.37 | 10.64% | Quarter | 4.1 | 81% | 8.4% |
