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How American Tower’s Valuation Stacks Up against Its Peers’

Andrew Brunton
How American Tower’s Valuation Stacks Up against Its Peers’

The price-to-AFFO (price-to-adjusted funds from operations) ratio is considered to be the best multiple for measuring a REIT and finding out where it’s undervalued or overvalued compared to its peers. The ratio’s implications are similar to the implications of the PE ratio.