American Tower Corp (NYSE:AMT)

$ 186.72 1.72 (0.93%) Market Cap: 87.19 Bil Enterprise Value: 131.89 Bil PE Ratio: 42.24 PB Ratio: 21.54 GF Score: 88/100

American Tower Corp at REITWeek: NAREIT's Investor Forum Transcript

Jun 04, 2019 / 03:45PM GMT

Release Date Price: $208.01 (-0.61%)

Transcript

Richard Hamilton Prentiss

Raymond James & Associates, Inc., Research Division - Head of Telecommunication Services Equity Research

Good morning, everyone. I'm Ric Prentiss, Head of Telecom Services Research at Raymond James. And you might be saying, why is the telecom services guy here? We came in 2012 when American Tower converted into a REIT, and I've hosted them every year since. And I cover the towers but also the wireless companies and the satellite companies.

Frank Louthan on the team covers the data centers for us. And interestingly, since that conversion in 2012, American Tower has now become the #1 market cap real estate company out there, pretty large amount. And I can remember in those early days, we had to draw pictures of what towers were to explain to real estate investors what this asset class was, and obviously, it's been a really good asset class. Stock performance has been really well.

And also, I'm going to start with -- Rod Smith is here joining us today from American Tower to talk a little bit about the index changes because that clearly has had an effect on

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