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REIT in connectivity space, long position.
40,000 cell towers, 70,000 small cell nodes and 75,000 miles of fiber cable. These assets are going to be vital as internet and smartphone bandwith demand booms over the next few years. Between the adoption of 5G, the Internet of Things where everything you own is connected to the net and the push to smart cities, this company owns the assets that will make it all happen.
The company is guiding to 5% revenue growth next year and a 7% growth in that adjusted FFO to $2.7 billion.
According to the fund's strategy, we sell short 5 % of the S&P 500 large-cap firms that have the highest p/e ratios (i.e. total 25 firms).