Charles Akre’s 10 Stock Picks with Huge Upside Potential

8. American Tower Corporation (NYSE:AMT)

% holding in portfolio: 8.73%

Upside Potential: 11.47%

A Massachusetts-based company, American Tower Corporation (NYSE:AMT) owns, operates, and develops wireless and broadcast communications infrastructure globally. As a leading real estate investment trust (REIT), the company’s portfolio exceeds 220,000 sites across five continents. The company enables mobile network coverage and digital connectivity with such a strong portfolio. Long-term lease agreements and rising 5G deployment immensely benefit the company, making it a formidable player in the market. The company’s resilient business model, which involves scale and predictable cash flows, allows it to overcome the transformations in the telecom sector.

American Tower Corporation (NYSE:AMT) accounts for 8.73% of Akre’s portfolio, suggesting significant confidence in the digital infrastructure’s staying power. Though the company’s revenue growth in 2024 remains low at 1%, a strong demand for the company’s assets is noted in the market. American Tower Corporation (NYSE:AMT)’s deployment of mid-band spectrums and 5G rollouts has garnered interest in the U.S. and European markets. Meanwhile, the company’s selling, general, and administrative expenses will be reduced by approximately $35 million in 2024, marking the company’s ability to turn revenue into net income. The revenue guidance for 2025 stands between $10.31 and $10.50 per share.

With an upside of 11.47%, American Tower Corporation (NYSE:AMT) earns its way into our list as one of the top Charles Akre stock picks for investors looking for passive growth, specifically among REITs.