SBAC's tower portfolio generates durable cash flow, with AFFO of $243.0M in 2026Q3 and dividends consuming only about 42% to 51% of AFFO across recent quarters, suggesting the core business comfortably funds its distribution policy.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue has held near $700M to $715M per quarter with NOI margins steady at roughly 74% to 78%, though 2026Q3 revenue fell 2.5% year over year to $713.9M and FFO per share of $2.99 showed volatility across recent periods.
SBA Communications owns and operates approximately 45,000 wireless towers, with over 17,000 located in the U.S. This extensive portfolio generates billions in recurring leasing revenue and is supported by long-term carrier contracts.
Reports of potential acquisition interest from infrastructure funds have significantly boosted SBA's stock price. This M&A speculation indicates strong market interest and could lead to a recalibration of the company's valuation.
The demand for wireless data is inelastic, underpinning the intrinsic value of SBA's tower assets. These assets are essential infrastructure that modern society relies on, enhancing the company's long-term growth prospects.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 2, 2026 | $2.19+4.8% vs $2.09 | $714M-1.4% vs $724M |
Q3 2026 Aug 3, 2026 | $1.87+1.1% vs $1.85 | $715M+1.3% vs $706M |
Q2 2026 Apr 29, 2026 | $1.74-2.2% vs $1.78 | $703M+1.0% vs $696M |
Q1 2026 Feb 26, 2026 | $3.47-10.8% vs $3.89 | $720M-0.9% vs $726M |
SBA Communications' Q3 2026 revenues and AFFO per share are expected to have declined as leasing growth faces tenant churn, cautious carrier spending and rising costs.
Three REITs quietly collect rent from the antennas powering every call and text in America, but their dividends tell very different stories about risk, safety, and how much longer each payout can hold.
On October 21, 2026, SBA Communications Corp (SBAC) shares fell 4.2%, closing at $173.41. The stock has been volatile, with a 52-week range of $156.60 to $224.4
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its third quarter results on Monday, November 2, 2026 after market close. SBA will host a conference call on Monday, November 2, 2026 to discuss these results. The call may be accessed as follows: When: Monday, November 2, 2026 at 5:00 PM (EDT) Dial-in Number: 1-202-735-3323 Access Code: 5175064 Conference Name: SBA Third Quarter 2026 Results Replay Available:.
Benchmark SBAC against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for SBA Communications Corporation (SBAC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $189.42 | $20.09B | 20.32 | 5.06% | 34.54% | — | 2.35% | |
| $188.79 | $87.97B | 26.72 | 5.11% | 29.89% | 32.48% | 3.56% | |
| $88.60 | $38.72B | 36.47 | -35.06% | 25.34% | — | 5.37% | |
| $5.22 | $1.27B | 1.27 | 91.49% | 29.45% | 270.12% | — | |
| $3.99 | $4.11B | -6.00 | -5.39% | -5.83% | -36.54% | 0.03% | |
| $3.98 | $199.31M | -2.62 | -5.82% | -6.16% | — | 78.67% |
SBA Communications Corporation (SBAC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
SBA Communications Corporation (SBAC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 2, 2026·SEC
Aug 3, 2026·SEC
Jul 24, 2026·SEC
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SBA Communications Corporation (SBAC) stock FAQ — growth, dividends, profitability & financials explained
SBA Communications Corporation (SBAC) reported $2.85B in revenue over the trailing twelve months. Revenue was $2.82B in fiscal year 2025. That is 4663% more than the $59.1M of fiscal year 1998.
SBA Communications Corporation (SBAC) grew revenue by 2.3% over the trailing twelve months, compared with the twelve months before.
Yes. SBA Communications Corporation (SBAC) earned $985.2M in net income over the trailing twelve months (a 34.5% net margin).
Yes. SBA Communications Corporation (SBAC) pays a dividend that yields 2.35% at the current price, a moderate yield.
SBA Communications Corporation (SBAC) generated Funds From Operations (FFO) of $1.31B in the trailing twelve months. FFO is the primary profitability metric for REITs.
