Techdamentals
Sep 24, 10:25 PM
Tower REITs are about as rate sensitive as anything gets. Assets that last forever, leases running decades, financed with debt.
30-year at 5.48% hits twice. Distant leases worth less, debt costs more to roll.
So the selloff makes sense. What's less obvious is whether it went too far, and that's a math problem, not a vibe.
Educational tool, not advice. What it's worth:
techdamentals.com/v/AMT?ref=st
$AMT
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