SBA Communications/$SBAC

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About SBA Communications

SBA Communications owns a portfolio of about 45,000 wireless towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by the top few mobile carriers. It owns more than 17,000 towers in the US, which account for about 75% of leasing revenue. Internationally, SBA's largest presence is in Brazil, where it owns roughly 10,000 towers. SBA operates as a real estate investment trust.

Ticker

$SBAC
Primary listing

Employees

1,720

SBAC Metrics

BasicAdvanced
$21B
24.63
$7.95
0.86
$4.31
2.27%

What the Analysts think about SBAC

Analyst ratings (Buy, Hold, Sell) for SBA Communications stock.

Bulls say / Bears say

Closed on 4,323 Millicom sites and built 94 towers in Q2 2025, growing its portfolio to 44,065 communication sites, supporting future leasing revenue (Business Wire)
Raised full-year 2025 outlook after reporting industry-leading AFFO of $3.17 per share and strong core leasing performance, demonstrating management’s confidence in growth (TipRanks)
Announced sale of all 369 Canadian towers for CAD 446 million, refocusing its portfolio on higher-return markets and expected to increase AFFO in Q4 2025 (Business Wire)
Adjusted EBITDA margin fell to 68.1% in Q2 2025 from 71.3% a year ago, as higher site development costs weighed on operating profitability (Nasdaq)
Interest expense jumped 22.7% year over year to $119.7 million in Q2 2025, further increasing finance costs as rates rise (Nasdaq)
Leverage remains high, with net debt at $12.3 billion and net debt/EBITDA at 6.5× as of Q2 2025, limiting financial flexibility (Business Wire)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2025.

SBAC Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

SBAC Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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