American Tower Corp at Bank of America Global Real Estate Conference Summary

Preliminary Brief of AMT.N presentation 12-Sep-23 3:05pm GMT

...A. And it looks like you're looking for a 10-year plus 190 that would put you kind of in the 6% type of funding range. B. So we started the year with about $7.5 billion of floating rate that. C. That was about 20% of our debt structure that was exposed to floating debt. D. In the first half of the year, we've been able to reduce that down to about $5 billion or about 15% of our overall debt structure. E. Will end up taking out the variable and with this and that will likely put us somewhere lower than 15% exposure to floating rate debt. F. The fixed -- the floating rate today, the cost of that is a little over 6%. G. One is that there's been, to your point about the difference between the bids and the asks reports out of India are that the valuation for that for a 50% stake in the business is going to be transacting in the $1 billion to $2 billion neighborhood. H. You guys have kind of talked more about a $4 billion valuation. I. It's an interesting way to frame up the question Certainly,...

Brief