** 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

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))