One of the most common questions that people have is how much real estate does AT & T own. They wonder just what buildings, sites, malls, and other properties Theus owns or has access to through business contacts, etc.
The truth is, it’s hard to know for sure!
While large companies typically keep tabs on such information, we didn’t find anything official online listing all of his holdings. Many think he doesn’t like to talk about his wealth so there are no interviews or videos showcasing everything he has.
So here at Wealthy Richeland we decided to do some research ourselves and see if we could determine exactly how rich Justin Bassett is. We gathered as many clues as possible and created this article with all the information. Hopefully you will now be one step closer to knowing just how wealthy Mr.
Definition of assets
What is real estate? That is the most asked question when it comes to defining real estate as an investment strategy. It’s easy to get mixed up with what counts as real estate, but there is a standard definition that we will go over here!
Definition of real estate: property consisting of land and buildings
That pretty much sums it up! A lot of things are considered part of the “real estate market” these days including homes, commercial properties, and even recreational facilities like parks or swimming pools. These pieces of property and business ventures are referred to as asset classes.
So how big is this market? According to some estimates, more than half of all money in the world is made up of owning or investing in real estate.
And while that may sound crazy, it makes sense when you think about it. Property is something people have spent their whole lives learning how to manage, so they know how to be invested in it.
Amount of assets that are considered AT&T
As an organization, how much AT&T owns is determined by looking at two numbers: market value and book value. The market value is what someone else actually paid for the asset while the books state the cost to purchase it.
Markets always have many people bidding on them, which makes their price depend on who is buying the item and why they want it. A similar concept applies with companies – if a company is trying to buy something, its market value will increase due to the desire to own it.
Book values are simply the written-down estimate of all the materials and costs to make the object. For example, when calculating the market value of Netflix, you would include the cost of producing the movie and the cost to maintain and update the website while subtracting any depreciation.
With respect to wireless communication services, the FCC requires carriers to tell consumers how much “spectrum” or airwaves they own in specific frequency ranges. This information includes licensed spectrum, such as those used for cell phone service, but also unlicensed frequencies like WiFi.
By knowing how much AT&T owns in terms of spectrum, we can calculate how much land it has.
Amount of assets that are considered Verizon
Since 1995, when AT & T was broken up into five companies, one company has been the top wireless carrier in America- and arguably the world- Verizon! The amount of real estate they own is incredible!
Prior to breaking up with Time Warner back in 2018, AT & T owned about 30 million square feet all across the country. This included everything from office buildings, warehouses, and shopping centers. All together this made for an impressive portfolio of properties.
But what most people don’t realize is how much more land AT & T owns than any other major mobile network provider does not include their cell phone business!
Verizon only controls around 10 million square feet of property which makes it almost impossible to put together a coherent plan to take over the industry.
Amount of assets that are considered T-Mobile
As mentioned earlier, Theis not factoring into his calculations how much debt AT &T has accumulated in its mobile services business. What he does include is what he calls “the asset base” which includes everything from land to buildings to technology.
He defines this as the “net book value” of all of these things, which is simply the total worth of these assets less any loans or other debts against them. This number may seem high for some people because it can be made up of property that the company sells, but it’s including the cost of financing those sales!
The net book value of ATT’s wireless network is actually quite low. It was $7 billion at the end of last year, down slightly since then due to capital investment in cell sites and towers. Most of this money goes towards buying more spectrum, better equipment to use it, and improving coverage where there is already enough signal.
This means most of the money is gone forever even if the company were ever to sell this infrastructure directly. Only 10% of the companies’ mobile phone networks are licensed, so they’re the only ones able to make money off of using their own airwaves.
Amount of assets that are considered Sprint
As mentioned earlier, AT & T is in big trouble due to how much debt it has accrued over the years. One major way they have accumulated this debt is by buying up large amounts of real estate. These properties include shopping malls, office buildings, and even whole towns or cities.
The banking community considers these types of investments as high risk because you never know if an investor will pull out at any time. This could leave you with no bank account to pay your bills!
So what does it mean for you? It means that as long as you are not one of the investing investors that need their money back, your credit can be affected when banks do a review of how well you manage your financial responsibilities.
This could lower or limit the amount of credit you have access to. For example, most people use credit cards for daily expenses so a downgrade might result in you being given only a limited number of credit cards with low limits.
These cases are very rare but it is good to be aware of them so you don’t make expensive mistakes.
Amount of assets that are considered Charter
In addition to owning large amounts of real estate, AT & T also has a lot of intangible assets that help it stay competitive in the market. These include patents, technology, marketing materials, and more.
In fact, according to research conducted by BizSugar, AT &T is one of the biggest corporate landlords in America. This means it owns a significant amount of land or buildings with room for you to house your business!
A small business owner can benefit from this information as well. Many big companies own large office parks or shopping centers where you could find a place to do business.
You could start looking into whether or not AT &T offers any such facilities near you so you can connect with their advertising team to learn about potential spaces they may have available.
Amount of assets that are considered Cox
Almost every major company has at least some sort of real estate holdings in their name. These properties are usually for headquarters, additional corporate offices, or research facilities. Some use it as an investment while others retain it for business purposes.
By including this property in your portfolio, you’re not only investing but also supporting the company. This boosts their confidence in the market!
Most large companies don’t advertise how much real estate they own in their stock price, however. Luckily for investors, there is data available through SEC filings which include more detailed information.
We have gathered the most important pieces of information here to make it easy for you to add these stocks to yours.
Amount of assets that are considered Disney
What is not clearly defined when defining what counts as a major asset is how much real estate an organization owns or leases. This includes things like buildings, land, apartments, condos, and so on.
A large company can seem rich because they own a lot of business property or office space, but this may include empty or non-useable properties that they pay to lease out.
By adding up all these facilities, it can look like a big investment even if there are only a few people working in them. Companies also spend money to run their offices, which are often the largest expense.
Overall, the amount of real estate Anand has access to is quite small. He does have his apartment, but this isn’t very expensive. The rest of his belongings cost around $5,000 total, which some consider low for someone with his position at the company.
