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NASDAQ: SBAC

SBA Communications Corporation

Real Estate | REIT - Specialty

Market prices for SBAC are shown to signed-in users (sign in). This public page shows the company’s SEC filings and filed figures, without a price or any ratio that depends on one.

EPS (TTM)$9.28

SBA Communications Corporation (NASDAQ: SBAC) is a specialty REIT. Figures from SEC EDGAR; updated 2026-10-20 09:46 UTC.

What SBA Communications Corporation does

The company is an independent owner and operator of wireless communications infrastructure, including towers and rooftop structures that support antennas, with operations primarily in the United States and its territories, plus locations in South America, Central America, and Africa. The site leasing business, which involves leasing space to wireless service providers and managing sites for property owners, is the company's primary revenue source. The company also operates a site development business that assists wireless service providers in developing and maintaining their networks.

Summarized from SBA Communications Corporation’s SEC filings · AI-generated analysis. Not investment advice. May contain errors. · Read the filing ↗

Real estate investment trust: GAAP earnings are depressed by large non-cash depreciation, so P/E overstates. REITs are valued on funds from operations (FFO/AFFO), price/book and dividend yield.

Key facts

Valuation
EPS (TTM)$9.28
Return on equity-21.71%

Revenue, margins & earnings

FY2021 Net income: $238MFY2021 Taxes & interest: $545MFY2021 Operating expenses: $981MFY2021 Cost of revenue: $545M$2.31BFY2021FY2022 Net income: $461MFY2022 Taxes & interest: $464MFY2022 Operating expenses: $1.04BFY2022 Cost of revenue: $669M$2.63BFY2022FY2023 Net income: $502MFY2023 Taxes & interest: $422MFY2023 Operating expenses: $1.18BFY2023 Cost of revenue: $613M$2.71BFY2023FY2024 Net income: $750MFY2024 Taxes & interest: $686MFY2024 Operating expenses: $662MFY2024 Cost of revenue: $582M$2.68BFY2024FY2025 Net income: $1.05BFY2025 Taxes & interest: $289MFY2025 Operating expenses: $781MFY2025 Cost of revenue: $691M$2.82BFY2025
  • Net income
  • Taxes & interest
  • Operating expenses
  • Cost of revenue
Annual revenue; bands show net, operating, gross margins · Open in Platform →

SEC Filings

SEC EDGAR ↗
Recent Insider Activity (last 90 days)
Source: SEC EDGAR · Filed 2026-08-19
  • 2026-08-19DirectorSale-300$54.8K
  • 2026-08-04EVP - SITE LEASINGTax withholding-170$30.9K
  • 2026-08-04EVP - SITE LEASINGOption exercise457—
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Recent 8-K Events (parsed from SEC filings)All events →
Source: SEC EDGAR 8-K filings · Interpretation: Oxford Ledge parser · Confidence-filtered ≥ 0.50

Company news

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Questions this page answers

What does SBA Communications Corporation do?

The company is an independent owner and operator of wireless communications infrastructure, including towers and rooftop structures that support antennas, with operations primarily in the United States and its territories, plus locations in South America, Central America, and Africa.

When did SBAC last file with the SEC?

SBA Communications Corporation's most recent SEC filing on record is a 8-K filed 2026-07-24. All filings link to their SEC EDGAR originals above.

Where does this data come from?

SEC EDGAR filings, with the company profile (sector, industry, exchange) from public data providers, fetched 2026-10-20 09:46 UTC. This page is also available as JSON at /api/data?ticker=SBAC and is emitted with FAQPage structured data for machine reading.

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