Cell Tower REITs
What Are Cell Tower REITs? Cell Tower Real Estate Investment Trusts (REITs) own and lease telecommunications towers that support wireless networks. These REITs generate revenue by leasing space on their towers to mobile carriers, benefiting from the growing demand for data and connectivity.
Why Invest? Cell tower REITs offer stable, long-term cash flow through multi-year leases with major telecom providers. With the expansion of 5G, increased mobile usage, and the rise of IoT, demand for wireless infrastructure continues to grow, making these REITs a strong investment.
Challenges & Outlook While regulatory hurdles and rising land costs pose challenges, the need for more cell sites and network expansion drives long-term growth. As mobile data consumption surges, cell tower REITs remain essential to the future of communication and digital connectivity.
Cell Tower REITs
Updated Nov 10, 2026, 3:00 AM ET
- REITs
- 3
- Combined Mkt Cap
- $145B
- Snapshot Avg Yield
- 3.75%
The snapshot average uses 3 reported yields with equal weight, including zero yields and excluding missing values. Individual company data may update after this snapshot.
The Numbers Behind the Sector
Updated Nov 10, 2026, 3:00 AM ET
- Fwd FFO
- 18.0x
- 3-Yr FFO Growth
- +4.2%
- 3-Yr Return
- +2.8%
- Avg Discount
- -18.2%
- Net Debt/EBITDA
- 5.9x
- Market Value
- $145.99B
Frequently Asked Questions
How many Cell Tower REITs are tracked here?
Hoya Capital's Cell Tower REITs table contains 3 companies classified in this sector in its company database. This is the number of tracked records, not a count of every business in the industry or a recommendation to purchase any security.
What is the average dividend yield for Cell Tower REITs?
The simple average dividend yield for the tracked Cell Tower REITs is 3.75%, using 3 reported yields. Each reported yield receives equal weight, including zero yields; missing values are excluded. This calculation describes the company table and is not a forecast of future distributions.
What is the median dividend yield for Cell Tower REITs?
The median reported dividend yield for Cell Tower REITs is 3.79% across 3 companies. The median is the middle observation after sorting yields, or the average of the two middle observations when the count is even. Missing yields are excluded.
Which tracked company is largest in Cell Tower REITs by market capitalization?
American Tower (AMT) has the largest reported market capitalization in the Cell Tower REITs table, at $87.65 billion. Market capitalization measures equity market value, not property value or investment quality. The comparison covers only tracked companies with a reported value.