This REIT Sees Towering Growth Ahead

American Tower (NYSE: AMT) is the leading independent global owner and operator of cell towers. The real estate investment trust's (REIT) portfolio consists of roughly 221,000 multitenant communications sites worldwide.

There was initially some concern about whether 5G networks would utilize macro towers or if smaller cell nodes would serve as the backbone infrastructure. However, American Tower's first-quarter results show that cell towers will remain essential in supporting the rollout of 5G. Because of that, the infrastructure REIT sees towering growth ahead.

Image source: Getty Images.

Source Fool.com