Aside from being the largest real estate investment trust (REIT) by market capitalization, American Tower (NYSE: AMT) has been a tremendous wealth builder over the years, providing a nearly 15% annualized return for the past 20 years. The REIT, which owns, develops, and leases communications towers and data centers, is down just over 6% this year. Today's discounted price may leave investors to wonder if right now is a good time to buy American Tower or if it's better to wait.
Dividend stocks that pay you for holding shares are an excellent tool for wealth preservation, and come with perks like the ability to cover your expenses or reinvest your dividends to grow your dividend income. Retail REIT Realty Income (NYSE: O) acquires and rents out single-tenant retail buildings in the U.S. and Europe. Realty Income does net leases, where the tenant is responsible for taxes, insurance, and upkeep.
American Tower (NYSE: AMT) continues to impress, especially from a revenue and dividend standpoint. In this video clip from "The Rank" on Motley Fool Live, recorded on July 27, Fool.com contributors Matt Frankel and Jason Hall discuss why it may be an opportune time to invest in the communications infrastructure company.