Buy American Tower, Crown Castle, and SBA Communications Stock. The REITs Look Ready to Rebound

Certainty during rocky macroeconomic times deserves a premium. Predictable and dependable profits are exactly what cell-tower real estate investment trusts provide, and yet their stocks are selling at steep discounts right now.

The major wireless companies—


Verizon Communications


(ticker: VZ),


AT&T


(T), and


T-Mobile US


(TMUS) in the U.S.—couldn’t function without the communication towers that three REITs own and operate.


American Tower


(AMT), Crown Castle (CCI), and


SBA Communications


(SBAC) lease space to the wireless companies, essentially acting as landlords for antennas.