AT&T Reports Real Estate Valued at About $500M is Up for Sale - Land.Net News
Stephens said AT&T is on track with its de-leveraging plans and expects to meet its 2.5x net debt-to-adjusted EBITDA leverage target by EOY through free cash flow and asset monetization. Stephens said given the company's confidence in reaching its leverage target, investors should expect share buybacks will be in the mix this year.
He said the company continues to expect to raise between $6 billion and $8 billion — net of spectrum or other acquisitions — by the end of 2019. Stephens said the company's asset monetization opportunities include optionality with its tower portfolios in the United States and Mexico and that, in addition to $2.2 billion in real estate already sold, real estate valued at about $500 million is up for sale. AT&T also continues to expect free cash flow in the $28 billion range for full-year 2019.