SBA Communications (SBAC)
Real Estate · wireless tower real estate investment trust (REIT) · NASDAQ
SBA Communications is a global owner and operator of wireless infrastructure that generates recurring, long-term revenue by leasing antenna space on its multi-tenant towers to mobile carriers.
What SBA Communications does
SBA Communications is a leading independent owner and operator of wireless communications infrastructure, including towers, rooftops, and other structures that support wireless antennas. The company operates primarily through a site leasing business, where it provides multi-tenant space to wireless service providers under long-term contracts, and a site development business that assists providers in network maintenance and expansion. Its assets are located across the United States, South America, Central America, and Africa.
Themes: wireless infrastructure, telecom towers, 5G rollout, global site leasing, recurring revenue model
Fundamentals
- Price$182.59 as of 2026-08-21 close
- Market cap$19.4B as of 2026-08-21
- 1-year return-17.3% 2025-08-21 close $220.89 → 2026-08-21 close $182.59
- P/E19.93 as of 2026-08-24
- Net margin+34.5% as of 2026-08-24
- Gross margin+75.2% as of 2026-08-24
- ROE-1.7% as of 2026-08-24
- Debt / equity43.14 as of 2026-08-24
- Revenue growth (YoY)+5.4% as of 2026-08-24
- Revenue CAGR (3y)+2.2% SEC XBRL
- Beta0.98 as of 2026-08-24
- Last reported earnings2026-08-03 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +1.5%; pays a dividend.
How SBAC compares in its sector
- price-to-earnings ratiobottom 25% 127 covered Real Estate peers, as of 2026-08-24
- net profit margintop 25% 161 covered Real Estate peers, as of 2026-08-24
- operating margintop 25% 161 covered Real Estate peers, as of 2026-08-24
- gross margintop 25% 156 covered Real Estate peers, as of 2026-08-24
- return on equitybottom 25% 162 covered Real Estate peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 155 covered Real Estate peers
- indicated dividend yieldbottom 10% 138 covered Real Estate peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)top 25% 42 covered Real Estate peers, as of FY2025
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
SBAC is not currently in any published Top 10 list. Its scores are below.
Long-term score
Not scored for the long-term list: no shareholder return data.
Short-term score
44.3 #1172 of 1,704 scored · #52 of 94 in Real Estate
Setup 49th: day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 89% of it); catalysts 49th: open-market insider buys in 90 days 10, the analyst consensus rating is unchanged since the prior reading; weakest is trend 38th: a "death cross" — its 50-day average is below its 200-day.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, SBAC's dividend was covered by reported results (earnings payout 45%, free-cash-flow payout 45%). This describes past coverage, not a forecast.
- Earnings payout45% dividends / net income
- Free-cash-flow payout45% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How SBA Communications looks technically
SBA Communications (SBAC) is trading 5.5% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 22 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 10, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 50, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 20 trading days ago. It is 19.0% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 5.5% below its 200-day average, the long-term trend line — a long-term downtrend | -5.5% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $184.06 | $184.06 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $193.28 | $193.28 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 7 calendar days ago — the swings before that are what the structure reading is measured on | 7 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 187.43. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 22 trading days ago — a "death cross", a bearish long-term signal | 22 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 10, below the 25 that marks a real trend) | 10.1 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 50, neither overbought (above 70) nor oversold (below 30) | 49.6 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($171.34 to $188.20) — its "stochastic" reading is 67 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 66.7 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 18 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $225.33 | $225.33 |
|---|---|---|
| From the 52-week high | it is 19.0% below its 52-week high (its highest price of the past year) | -19.0% |
| Above the 52-week low | it is 12.4% above its 52-week low (its lowest price of the past year) | +12.4% |
| Below the 52-week high | it is 19.0% below its highest point of the past year | 19.0% |
| Since a 20-day breakout | it made a new 20-day low about 20 trading days ago | 20 sessions |
| Since a 55-day breakout | it made a new 55-day low about 20 trading days ago | 20 sessions |
| All-time high | its highest closing price on record is $391.15 (set on 2021-12-31) | $391.15 |
| Given back of the 52-week move | over the past year its closes ranged ($165.15 to $223.75), and it has given back well over two thirds of its rise from last year’s low — 70% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $185.66 to $187.54. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. Worth noting that the whole move happened in 16 days, so it is a narrow thing to be measuring a retracement against. | 70.2% |
| From the all-time high | it is 53.3% below its all-time high | -53.3% |
| Nearest price level | it is trading 2.1% above a support level at $178.69 — a price it turned at twice since 2026-01-09, most recently on 2026-02-06. Since 2024-08-21 it has 2 such levels below the current price and 10 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -2.1% |
| All-time low | its lowest closing price on record is $9.49 (set on 2008-11-21) | $9.49 |
| Above the all-time low | it is 1824.0% above its all-time low | +1,824% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 89% of it) | 11th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $5.33 between its high and its low — about 2.9% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $5.33 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $174.75 and $188.83 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $174.75 – $181.79 – $188.83 |
| Typical daily range (% of price) | its price moves about 2.9% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.9% |
| Stretch from the 200-day average | it is trading 2.0 daily ranges below its 200-day average price (5.5% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.0 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.89× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a doji | 1 session ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 1 session ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-21 at essentially the same price it closed at the session before — no meaningful overnight gap | +0.1% |
|---|---|---|
| Open gap | it gapped 3.6% below the previous close 46 sessions ago and has not traded back through the level it left behind at 204.79 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -3.6% |
| Gap filled | a 2.2% gap up opened on 2026-07-17 has been "filled" 25 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 25 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 0.9 percentage points (the stock gained 3.3% while the market gained 2.3%) | +0.9% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 15.3 percentage points (the stock lost 12.2% while the market gained 3.1%) | -15.3% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 19.6 percentage points (the stock lost 8.5% while the market gained 11.1%) | -19.6% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 37.8 percentage points (the stock lost 17.3% while the market gained 20.5%) | -37.8% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: MACD momentum is positive — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 3.2% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 5.3% of the share price. | -3.2% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 6% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $194.35 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | -6.0% |
|---|---|---|
| Vs the average paid since it last reported | the price is sitting right on the average price paid since it last reported on 2026-08-03 (its 8-K), so the typical buyer over that stretch is roughly break-even. That average is $182.45 — a volume-weighted average of daily closes over 15 sessions, not a true tick-by-tick VWAP. | +0.1% |
Price levels it has turned at before
SBAC last closed at $182.59 on 2026-08-21. Since 2024-08-21 it has turned at 2 prices below its last close and 10 above; the 2 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $178.69 | Support | 2.1% below the last close | turned there twice · 2026-01-09 to 2026-02-06 |
| $186.65 | Resistance | 2.2% above the last close | turned there 7 times · 2025-09-08 to 2026-08-14 |
| $193.78 | Resistance | 6.1% above the last close | turned there 10 times · 2025-01-10 to 2026-07-13 |
| $171.26 | Support | 6.2% below the last close | turned there twice · 2026-07-27 to 2026-08-05 |
| $196.97 | Resistance | 7.9% above the last close | turned there twice · 2024-12-19 to 2026-05-15 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $187.43.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Recent death cross (50-day crossed below 200-day) · trendless / choppy (low ADX) · lagging the market · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.14 mean, 1=Strong Buy…5=Strong Sell) — 20 analysts
- Mean price target$226.40 range $167.00 – $280.00; median $224.50
Analyst estimates, as of 2026-08-24. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for SBAC
- Consensus EPS estimate$2.09 next reporting period, as of 2026-08-24
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Heavy reliance on a limited number of wireless service providers for revenue.","Exposure to foreign currency exchange rate fluctuations in international markets such as Brazil, Chile, and South Africa.","Dependence on the financial health and capital expenditure levels of wireless carrier tenants."]
What changed in the latest 10-Q
AI-assisted comparison of SBAC's 10-Q filed 2026-05-05 against the prior one filed 2025-11-06.
Management's Discussion & Analysis (MD&A)
- Added:
- Added reference to Honduras in currency denomination section (newer filing lists 'Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, and Panama')
- Added disclosure about Sprint and EchoStar churn in forward-looking statements ('partially offset by increased churn primarily driven by Sprint and EchoStar')
- Removed:
- Removed disclosure about sales of towers in Philippines, Colombia, and Canada (older filing stated 'During the first quarter of 2025, we sold all of our towers and ended our operations in both the Philippines and Colombia and on October 15, 2025, we sold 365 of our towers held in Canada')
- Removed reference to 'deploying unused spectrum' from forward-looking statement (older filing mentioned this as part of growth drivers)
- Reworded:
- Site leasing contribution percentage changed from 97.7% to 98.5% (reporting period changed from nine months ended September 30, 2025 to three months ended March 31, 2026)
- Tower count changed from 44,581 towers as of September 30, 2025 to 46,358 towers as of March 31, 2026
- Percentage of towers on owned/leasehold land changed from approximately 71% to approximately 70%
- Currency denomination language changed from 'significantly all' to 'substantially all' for Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, and Panama
- Customer churn definition expanded from 'a lease that is non-renewed, cancelled, or discounted' to 'a lease that is non-renewed, cancelled, or discounted prior to the end of its term'
- Network growth drivers changed from 'increasing mobile network data traffic' to 'increasing minutes of network use and data transfer'
- Forward-looking statement changed from 'core site leasing revenue' to 'core leasing revenue'
- Forward-looking statement changed comparison period from 'over 2024 levels' to 'over 2025 levels'
- Forward-looking statement changed drivers from 'wireless carriers deploying unused spectrum, the full year impact of towers acquired and built during 2024 and 2025' to 'wireless carriers deploying additional capacity and increasing geographical coverage, the full year impact of towers acquired and built during 2025 and 2026'
- Notes:
- The two filings cover different reporting periods (three months ended March 31, 2026 vs. nine months ended September 30, 2025), which affects period-over-period comparisons and segment operating profit percentages
- Some text appears truncated at the end of both excerpts, limiting complete assessment of full section changes
Risk Factors
- Reworded:
- Disclosure Controls and Procedures evaluation date changed from 'September 30, 2025' to 'March 31, 2026' (filed 2026-05-05)
- Issuer Purchases table period changed from 'third quarter of 2025' (7/1/2025-9/30/2025) to 'first quarter of 2026' (1/1/2026-3/31/2026) (filed 2026-05-05)
- Share repurchase quantities changed: from 747,686 total shares to 11,898 total shares (filed 2026-05-05)
- Average price paid per share changed from $206.13 to $188.66 (filed 2026-05-05)
- Remaining authorization under Repurchase Plan changed from '$1.3 billion' to '$1.1 billion' (filed 2026-05-05)
- 10b5-1 Trading Plans reference period changed from 'three months ended September 30, 2025' to 'three months ended March 31, 2026' (filed 2026-05-05)
- Filing signature date changed from 'November 6, 2025' to 'May 5, 2026' (filed 2026-05-05)
- Page number changed from 43-44 to 36-38 (filed 2026-05-05)
- Notes:
- These changes reflect the expected differences between a Q3 2025 10-Q filing and a Q1 2026 10-Q filing, with different reporting periods and current fiscal information
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for SBAC — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Congressional trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 10 matched disclosures for SBAC from U.S. House Clerk Periodic Transaction Report filings.
Congressional trading disclosures →Short interest (FINRA)
SBAC had 2,792,266 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
SBAC had 2.63% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.77 days to cover at the same settlement.
- Reported short interest (shares) 2,792,266
- Short interest (% of shares outstanding) 2.63%
- Prior settlement (shares) 2,962,597
- Reported change -5.75%
- Days to cover (reported) 2.77
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- American Tower (AMT)
- Crown Castle (CCI)
- DigitalBridge Group (DBRG)
- Inwit (INW.MI)
- Cellnex Telecom (CLNX.MC)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does SBA Communications (SBAC) do?
SBA Communications is a leading independent owner and operator of wireless communications infrastructure, including towers, rooftops, and other structures that support wireless antennas. The company operates primarily through a site leasing business, where it provides multi-tenant space to wireless service providers under long-term contracts, and a site development business that assists providers in network maintenance and expansion.
What sector is SBA Communications (SBAC) in?
SBA Communications (SBAC) is classified in the Real Estate sector. Its industry is wireless tower real estate investment trust (REIT). It trades on NASDAQ.
Does SBAC pay a dividend?
Yes — SBA Communications (SBAC) pays a dividend, with an indicated yield of about 1.46% (market data, as of 2026-08-24). Informational only — not financial advice.
Who are SBA Communications's (SBAC) competitors?
Notable peers of SBA Communications (SBAC) include American Tower, Crown Castle, DigitalBridge Group, Inwit and Cellnex Telecom. This peer set is informational only — not financial advice.
Has there been recent Congressional stock trading in SBAC?
Yes — we hold 10 matched STOCK Act disclosures for SBAC from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is SBA Communications (SBAC) overbought or oversold right now?
SBA Communications (SBAC) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 50, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on SBAC come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.