10 Best REIT Stocks to Buy According to Billionaires

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1. American Tower Corporation (NYSE:AMT)

Number of Billionaires: 16 

Number of Hedge Fund Holders: 70

American Tower Corporation (NYSE:AMT) is an independent owner, operator, and developer of multitenant communications real estate. The REIT has a portfolio of nearly 149,000 communications sites and a highly interconnected footprint of US data center facilities.

American Tower Corporation (NYSE:AMT) is a rather long-term investment as it continues to benefit from the rising strong growth in mobile data consumption and the demand for its portfolio of communications assets. The REIT is in one of the ‘ most durable businesses, capitalized by ever-increasing mobile network demand’ in the words of its CEO Steve Vondran. With emerging market players beginning to roll out 5G and carriers in its US and European markets deploying mid-band spectrum assets, the REIT’s communications assets are becoming critical. Meridian Funds stated the following regarding the REIT in its “Meridian Hedged Equity Fund” fourth quarter 2024 investor letter:

“American Tower Corp. is a leading global owner and operator of wireless communications infrastructure, with a portfolio spanning the U.S. and key international markets. We hold American Tower for its exposure to the secular growth in wireless data consumption and its strategic positioning in underpenetrated emerging markets. The company benefits from long-term contracts with investment-grade wireless carriers, providing strong visibility into future cash flows”

Overall, AMT ranks first among the 10 best REIT stocks to buy according to billionaires. While we acknowledge the potential of the best REIT stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AMT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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