Rather than Verizon or AT\u0026amp\u003BT, comms infrastructure may be the horse to bet on
Digital Realty Trust also offers a steadily increasing stream of dividends to shareholders: It has raised its payout for 16 consecutive years.
The company leases antenna space to a variety of wireless service providers under long-term lease contracts. It also assists wireless services providers and operators in developing their own networks. In Q3 of 2021, SBAC’s total revenue increased 12.7 per cent year-over-year to US$589.3 million. It generated adjusted FFO of US$2.71 per share for the quarter, up 13.9 per cent from the year-ago period.Article contentBank of America has a Buy rating on SBAC and recently raised its price target on the company from US$365 to US$425. That implies a potential upside of around 25 per cent.
In the latest earnings report, Crown Castle CEO Jay Brown made it very clear that 5G will be a catalyst for the company’s business in 2022.
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