American Tower (AMT) deployed $600 million of capital in 3Q17, bringing its year-to-date amount to $3.6 billion.
During 3Q17, American Tower (AMT) strengthened its revenues on higher organic growth in domestic and international markets such as India and Mexico.
American Tower (AMT) raised the mid-point of its 2017 outlook for property revenue by $15 million. It raised its adjusted EBITDA by $15 million.
Mexico is one of American Tower’s (AMT) vital international markets. AMT has entered into an agreement to acquire certain telecommunication assets in Mexico.
Data usage is increasing in international markets due to smartphone penetration.
American Tower (AMT) has increased its 2017 revenue outlook to $6.55 billion from $6.53 billion, an addition of $15 million and a 0.2% increase.
EQR reported higher revenues backed by strong growth in rental income.
Since REITs are required to pay 90% of their income as dividends, the tax cuts might reduce their advantage in comparison to other corporations.
EQR announced a quarterly dividend of $0.50. The current dividend yield stands at 3.2%, and it has a payout ratio of 135.2% for 3Q17.
Revenue in 3Q17 increased by ~3% backed by strong growth in rental income, while its expenses grew by ~2.4%. Real estate taxes formed ~41% of the total expenses while on-site payroll formed ~22.5%.
Equity Residential (EQR) has properties in Southern California, San Francisco, New York, Washington DC, Boston, and Seattle.
Analysts gave EQR a mean price target of $69.08, implying a ~8.3% rise from its current level of $63.77.
EQR has a price-to-FFO multiple of 20.23x.
Equity Residential (EQR) reported funds from operation (or FFO) per share of $0.81 in 3Q17 compared to $0.77 in 3Q16.
Analysts gave SPG a mean price target of $188.10, implying an ~16.0% rise from its current level of $162.26.
A higher price-to-FFO multiple for Simon Property means that it has the capacity to give a predictable return as well as consistent dividend yields to investors.
During 2016, SPG repurchased 1,409,197 shares at an average price of $181.14 per share.
As of 3Q17, Simon Property Group had liquidity of more than $6.5 billion of cash on hand, which includes cash from its joint ventures and revolving credit facilities.
Simon Property Group’s capital expenditure increased ~15.0% in 2Q17 while it decreased ~1.2% in 3Q17.
According to a survey conducted by the University of Michigan, the consumer sentiment index declined to 95.9 in December 2017 from 98.5 in November 2017.