Total revenue was $37.8 billion in 2022 and $37.8 billion in the last 12 months.ĭollar General grows by adding more stores, increasing consumer traffic and raising checkout amounts. Most stores are in towns with 20,000 or fewer people and are about 7,400 square feet. Dollar General operated 19,488 stores as of May 5. About 80% of its items are offered at $5 or less, with 77% of sales from consumables. The company sells merchandise in four categories: consumables, seasonal, home products and apparel. Next on this list is Dollar General (NYSE: DG), the ubiquitous dollar store retailer. Investors seeking a market leader with a wide moat should look at this stock. The REIT trades at a forward price-to-FFO of about 17x. The declining share price has caused the valuation to fall in parallel. Because the real estate sector has struggled in 20, the forward dividend yield has climbed to 3.9%. The dividend growth rate is about 17.5% in the past five years and 21% in the last decade. However, net income has fluctuated more because of asset write-downs.Īmerican Tower has rewarded shareholders with 13 years of increasing dividends, making the stock a Dividend Contender. The Trust’s strategy works well because rental revenues have grown annually over the past five years from about $7.3 billion in 2018 to $10.4 billion in 2022. In 2021, American Tower acquired CoreSite Realty, adding 20 interconnected data center facilities. Moreover, the transition to 4G, LTE, 5G, and more device connections drives demand for more data capacity. The leases with escalators are five to 10 years long and are typically non-cancellable, providing for a consistent recurring revenue stream. ![]() The REIT grows by adding more towers and leasing more space on them. The tenants typically own and operate the antenna equipment, base station and HVAC. The communication sites are cell phone towers, like monopole, lattice, guyed and stealth types.Īmerican Tower usually owns the tower structure and can support four to five tenants. data center facilities and more than 226,000 communication sites globally in 25 countries. American Tower (NYSE: AMT) is one of the few publicly traded data center real estate investment trusts (REITs).
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