Five-year median 18.0×, middle half 15.5–19.2×, range 12.8–28.5×. Now 14.5×: −19% below its own median, higher than 20% of those quarters.Each quarter priced at its own trailing Cash FFO per share · the band is the 25th–75th percentile
Where the cash goes
TTM through Jun 30, 2026 · $B
Cash FFO 5.95B = net income 3.38B + depreciation 2.09B + 0.49B other non-cash items · dividends 3.30B · retained 2.66B
Against its type
AMT (blue) vs. the other Towers REITs on the board (2), grey
P/Cash FFO14.5× vs. 13.9×
Dividend yield3.8% vs. 3.9%
Cash FFO payout55% vs. 54%
Net debt / EBITDA6.2× vs. 8.2×
Interest cover6.6× vs. 3.2×
EBITDA margin63% vs. 64%
Type averages are the plain mean of the other REITs of the same property type with a usable window.
Quarter by quarter
8 quarters · Sep 30, 2024 → Jun 30, 2026 · a gap is a dropped quarter