13 Most Profitable Real Estate Stocks Now

7. Crown Castle Inc. (NYSE:CCI)

Number of Hedge Fund Holders: 38

5 Year Net Income Growth: 10.06%

Crown Castle Inc. (NYSE:CCI) owns, operates, and leases over 40,000 cell towers and nearly 90,000 route miles of fiber supporting small cells and fiber solutions across every major US market. The company was founded in 1994 with an initial portfolio of 133 cell towers. In 1998, it went public with approximately 1,400 towers. The firm’s national portfolio of communications infrastructure connects cities and communities to essential data, technology, and wireless services.

Crown Castle Inc. (NYSE:CCI) is the nation’s largest provider of shared communications infrastructure which is set to benefit from the long-term US wireless data demand growth. The company is meant to offer the US wireless carriers with the prime real estate they require to run their networks. Even emerging markets such as 5G, the Internet of things, and smart city technologies which are to stay, require the firm’s infrastructure solutions.

The durability and consistency of the firm’s business were reflected in its second-quarter results. Crown Castle is just on the right path to deliver its full-year outlook for organic revenue growth of 4.5% in towers, 2% in fiber solutions, and double digits in small cells. While the firm believes that there is demand to grow small cell business revenues by double digits over the next few years, the fiber solutions business delivered growth above its 3% expectation.

With the growing demand for data and information, the firm’s unique combination of assets is ready to serve. Therefore, Crown Castle Inc. (NYSE:CCI) remains in an ideal position to continue its strong, steady trajectory with new growth opportunities for the coming years. As of Q2, the stock is held by 38 hedge funds.