This is an abridged version of the full report published on Hoya Capital Income Builder Marketplace on October 5th. Cell Tower REITs have been a critical growth engine of the REIT industry over the past half-decade, but have been slammed harder than any property sector over the past three months, weighed down by tech-related weakness and disruptive threats to the long-term competitive positioning. Within the Hoya Capital Cell Tower REIT Index, we track the three Cell Tower REITs which account for roughly $225 billion in market value: American Tower (AMT), Crown Castle (CCI), SBA Communications (SBAC).