BUZZ-American Tower climbs, leads S&P real estate sector higher after report, tumbling yields

American Tower's AMT.N stock climbs >7% after real estate investment trust's qtrly report and is top performer in S&P 500 Real Estate index .SPLRCR, which is rising 1.3% on Tues amid sharp drop in yields

Benchmark U.S. Treasury 10-year yield US10YT=RR on Tues extended fall to below 4.3% after consumer confidence data signaled slowing economy US/

REITs, seen as bond proxies, stand to benefit as declining rates leads to cheaper financing costs

AMT shares last up 6.9% to $204.29, over two-month high, after cell tower firm late Mon reported 3.7% y/y rev increase to $2.55 bln, just topping consensus estimate of $2.53 bln

Jefferies pointed out that AMT's 2025 guidance of adj FFO/sh of $10.31-$10.50 missed Street estimate of $10.51

Sprint churn, FX impacts, and macro uncertainties remain 2025 headwinds, Jefferies said, but noted that AMT management suggested accelerating carrier activity will drive improved earnings growth as the year progresses

Shares of peer SBA Communications SBAC.O up >4% on the session after it issued Q4 results and 2025 outlook late Mon

Other SPLRCR stocks rising on Tues include: Alexandria Real Estate ARE.N ~4%, Prologis PLD.N 1.6% and BXP Inc BXP.N 1.6%

SPLRCR now up ~5.5% YTD vs S&P 500's .SPX ~1% advance