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Why I Have A Focus On Data Center And Cell Tower REITs

|Includes: American Tower Corporation (AMT), CCI, CONE, COR, DLR, EQIX, IRM, QTS

The reason for the post is to generate feedback on the picture below. It is my impression that Seeking Alpha does not provide this reader with enough distinction in the colors they use on their graphs. (1) I need the extra information that I provided (example - CyrusOne is CONE - and it is the line that is up 226%). (2) If one clicks to enlarge the chart - then you will see that the full size chart in this posing is 35% larger than the one Seeking Alpha provides. It is my perception that the larger graph makes it easier to tell navy blue from purple, indigo or violet (I am grasping beyond my working vocabulary for color IDs) - or medium green from light green.

The examples of feedback that would be helpful:

The size improvement helped.

The size improvement made no difference.

The inclusion of the extra ID info helped.

The 'as is' graph is fine with me - no improvements or additions are needed.

The five your history for the sector compared to the REIT ETF RWR:

dc1

Note: I messed up with the return on DLR - which should be (as shown in the lines on the graph) "up 133%" instead of the printed "up 123%"

Data Center + Cell Tower Update for 07-26-18Yields are calculated on the Q2-18 dividend. The percent change numbers are since the first of the year - with the exception of the change in the dividend. The LTM or Last Twelve Month dividend change is since Q2-17.The last 3 years number is the total dividend change since Q2-15 divided by three. Switch (SWCH) owns data centers, is not a REIT, had its IPO in Oct 2017 and paid a div of 0.015 in Q1 & Q2-18 plus a partial div in Q4-17. InterXion (INXN and trades on Nasdaq) owns European data centers, is not a REIT and does not pay a div. SBA Communications (SBAC) is a Tower REIT without a current div. QTS raised div paid in Q2 to $0.41.

Company Comp. Share Price 18 FFO Est Q2-18 Div/ Div/ Percent Change LTM Last 3yr
Name Ticker 1-01 07-26 1-01 07-26 Yield FFO18 FFO19 Price Pr+Div FFO Target DivGr AnDivGr
CyrusOne (CONE) 59.53 62.05 3.46 3.27 2.97% 56.27 49.86 4.23 6.55 -5.49 -5.49 9.52% 15.34%
CoreSite Realty (COR) 113.90 112.87 5.04 5.04 3.47% 77.78 70.50 -0.90 1.68 0.00 -0.08 8.89% 44.44%
Digital Realty Trust (DLR) 113.90 117.00 6.55 6.55 3.45% 61.68 56.98 2.72 4.50 0.00 -2.57 8.60% 6.27%
Equinix Inc. (EQIX) 453.22 435.20 18.64 18.86 2.10% 48.36 44.36 -3.98 -2.97 1.18 -4.64 14.00% 11.64%
Iron Mountain (IRM) 37.73 35.45 2.34 2.07 6.62% 113.43 104.36 -6.04 -1.38 -11.54 -4.93 6.73% 7.86%
QTS Realty (QTS) 54.16 42.65 2.93 2.50 3.85% 65.60 62.84 -21.25 -18.98 -14.68 -27.56 5.13% 9.37%
Data Center Average 3.74% 70.52 -4.20 -1.77 -5.09 -7.55 8.81%
Cell Towers
American Tower (AMT) 142.67 144.51 7.40 6.97 2.08% 43.04 37.59 1.29 2.87 -5.81 -2.73 17.19% 23.48%
Crown Castle (CCI) 111.01 109.55 5.26 5.26 3.83% 79.85 73.43 -1.32 0.58 0.00 1.78 10.53% 9.35%
Cell Tower Average -0.01 1.72 -2.91
Sector Average 3.55% 68.25 -3.16 -0.89 -4.54 -5.78 10.07
The cap weighted Dow Jones REIT ETF RWR has a price change of -0.29% year to date - with dividends its total return is 1.17%.
The cap weighted Vanguard ETF VNQ has a price change of -1.92% year to date - with dividends its total return is -0.18%.
The Cohen & Steers 'Realty Majors' ETF ICF has a price change of -1.58% year to date - with dividends its total return is -0.00%.

Data Center + Cell Tower Price/FFO Ratios 07-26

FFO / Share % FFO Growth Price/FFO 18 FFO Range
Co. 2014 2015 2016 2017 2018 2019 15-16 16-17 17-18 18-19 2016 2017 2018 2019 High Low Range
CONE 173 217 265 303 327 369 22.12% 14.34% 7.92% 12.84% 23.42 20.48 18.98 16.82 340 318 7.26%
COR 222 286 371 442 504 556 29.72% 19.14% 14.03% 10.32% 30.42 25.54 22.39 20.30 509 499 2.26%
DLR 496 526 572 612 655 709 8.75% 6.99% 7.03% 8.24% 20.45 19.12 17.86 16.50 660 650 1.63%
EQIX 1000 1063 1024 1278 1886 2056 -3.67% 24.80% 47.57% 9.01% 42.50 34.05 23.08 21.17 1973 1843 10.17%
IRM 228 210 198 211 207 225 -5.71% 6.57% -1.90% 8.70% 17.90 16.80 17.13 15.76 215 191 11.37%
QTS 200 229 261 276 250 261 13.97% 5.75% -9.42% 4.40% 16.34 15.45 17.06 16.34 269 240 10.51%
AMT 419 410 510 624 697 798 24.39% 22.35% 11.70% 14.49% 28.34 23.16 20.73 18.11 703 688 2.40%
CCI 400 406 459 435 526 572 13.05% -5.23% 20.92% 8.75% 23.87 25.18 20.83 19.15 534 522 2.76%
Sector Average 12.83% 11.84% 12.23% 25.41 19.98 19.76 18.02

Disclosure: I am/we are long AMT, CCI, CONE, COR, EQIX.