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Oversold real estate stocks PSA, CCI and EXR offer potential opportunities, with RSI readings near or below 30.
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American Tower (AMT) beat Q3 earnings expectations with AFFO per share of $2.87 vs. consensus of $2.84, driven by strong 17.4% data center revenue growth. Despite DISH-related churn pressuring U.S. results, international markets and CoreSite's performance supported overall growth. The company raised its 2026 AFFO guidance and property revenue outlook, maintaining financial flexibility with $10.6 billion in liquidity.
T-Mobile is down 14.5% since SpaceX's 800 MHz spectrum deal, but William Webb says investors are overstating the threat.
SpaceX's reported plans to secure 80,000 U.S. cell sites as it pursues becoming a fourth nationwide wireless carrier sent tower company stocks soaring while major wireless carriers plunged. However, the article cautions that the market may be overreacting to a deal that hasn't been finalized, noting SpaceX would start from scratch with no customers, less spectrum than competitors, and a commercial launch not expected until late 2027.
Crown Castle is reportedly in discussions with SpaceX regarding the potential lease or acquisition of a significant number of its U.S. cell sites.
Evercore ISI has updated its price target for Extra Space Storage Inc., raising it from $142 to $146.
Extra Space Storage Inc. has updated its full-year 2026 outlook, now expecting Core FFO per share to range between $8.40 and $8.50.