Better Buy: American Tower or Crown Castle?
American Tower (NYSE: AMT) and Crown Castle (NYSE: CCI) have a lot in common. Each of these owners of cell towers and related infrastructure launched during the early days of the wireless communications revolution, and they've enjoyed similar success along the way.
They're both real estate investment trusts (REITs). They're also both deeply committed to and confident in the rollout of 5G and other next-generation wireless technologies. These technologies are part of a digital world that has expanded from cellphones to an artificial intelligence-driven Internet of Things with no signs of slowing growth.
American Tower now has about 223,000 sites in over two dozen countries around the world, including more than 43,000 towers and distributed antenna systems in the U.S. The Boston-based trust is also making its mark in data centers, having purchased fellow REIT CoreSite Realty and its dozens of facilities in a $10 billion deal announced last November. With a market cap of about $100 billion, it's one of the largest REITs in the world.
Source Fool.com
