SBAC
Neutral signalScored 2026-08-21 Drivers: fundamentals. Moteurs : fondamentaux.
Research, not advice.
À propos
SBA Communications Corporation
- Nom
- SBA Communications Corporation
- Secteur
- Real Estate
- Industrie
- REIT - Specialty
- Bourse
- NASDAQ
- Capitalisation
- $19.6B
- Employés
- 1,844
- PDG
- Brendan Thomas Cavanagh
- Site web
- https://www.sbasite.com
- Marché
- ADAMTCCI
SBA Communications Corporation stands as a premier owner, operator, and provider of crucial wireless communication infrastructure across North, Central, and South America, in addition to South Africa. Guided by its mission to 'Build Better Wireless,' the company primarily earns revenue from two core business areas: the leasing of antenna space and providing comprehensive site development services. Its central activity revolves around renting out capacity on its shared communication towers to various wireless service providers through long-term contractual agreements. For further details, please visit www.sbasite.com.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
VENTE TOTALE: 300 titres (~54 802,35 $ US)
- Insiders
- Krouse George R Jr
- Total bought
-
—
Avg buy (VWAP, 90d window) —
- Total sold
-
$54,802
Avg sell (VWAP, 90d window) $182.67 vs last close —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
- Last activity
- 2026-08-17
- Last synced
-
2026-08-23 00:12:53
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-08-17 | Krouse George R Jr | Sell · S | 300 | $182.67 | $54,802 | Form 4 |
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Recent trades
| Date | Representative | Type | Amount |
|---|---|---|---|
| 2026-01-29 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2026-01-13 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2026-01-09 | Gilbert Cisneros | Sale (Partial) | $1,001 - $15,000 |
| 2026-01-09 | Gilbert Cisneros | Sale Partial | $1,001 - $15,000 |
| 2025-12-19 | Gilbert Cisneros | Sale (Partial) | $1,001 - $15,000 |
| 2025-11-12 | Gilbert Cisneros | Purchase | $1,001 - $15,000 |
| 2025-10-27 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2025-10-27 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2025-09-25 | Lisa McClain | Sale (Full) | $1,001 - $15,000 |
| 2025-09-11 | Lisa McClain | Purchase | $1,001 - $15,000 |
| 2025-09-05 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2025-08-26 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2025-03-11 | Rob Bresnahan | Purchase | $1,001 - $15,000 |
| 2025-01-15 | Julie Johnson | Purchase | $1,001 - $15,000 |
| 2024-03-22 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2024-03-22 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2024-02-13 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2023-11-03 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2023-10-31 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2023-10-09 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-10-09 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-09-06 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-08-29 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-08-03 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-07-20 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-07-17 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-07-17 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-07-12 | Daniel Goldman | Sale | $15,001 - $50,000 |
| 2023-05-19 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-04-10 | Daniel Goldman | Purchase | $15,001 - $50,000 |
| 2023-03-24 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-03-14 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2023-03-06 | Daniel Goldman | Sale (Full) | $15,001 - $50,000 |
| 2023-02-10 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2023-01-31 | Daniel Goldman | Purchase | $15,001 - $50,000 |
| 2022-12-06 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-11-03 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-11-02 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-10-20 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-10-20 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-09-29 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-06-17 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-06-16 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-10 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-04-22 | Ro Khanna | Purchase | $15,001 - $50,000 |
| 2022-04-21 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-04-06 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-02-23 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-02-23 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-02-17 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-01-21 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-01-20 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-01-11 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2021-06-15 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2021-06-14 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2021-04-09 | Sara Jacobs | Sale (Full) | $50,001 - $100,000 |
| 2021-03-26 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2021-03-05 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2020-12-18 | Dean Phillips | Sale (Full) | $1,001 - $15,000 |
| 2020-09-23 | Dean Phillips | Purchase | $1,001 - $15,000 |
Signal
Neutral signalScored 2026-08-21 Drivers: fundamentals. Moteurs : fondamentaux.
SBAC's critically low liquidity (current ratio 0.49), negative equity, and debt-to-assets exceeding 1.3 create severe structural vulnerabilities that outweigh its operational margin strengths, yielding a weak composite…
The first sentence of the analysis written for SBAC on 2026-08-21 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Neutral signal
Drivers: fundamentals. Moteurs : fondamentaux.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Unavailable or mixed. No stored price series
- Financial indicators Unavailable or mixed. Current ratio 0.49 · operating margin 49% — readings disagree
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 41.6% | 77.3% | 76.6% | 73.6% | 75.2% | |
| Ebit Margin | 60.7% | 56.9% | 39.6% | 36.8% | 35.2% | |
| Ebitda Margin | 77.7% | 67.0% | 66.1% | 63.6% | 65.6% | |
| Operating Profit Margin | 48.7% | 53.6% | 34.1% | 35.1% | 33.9% | |
| Pretax Profit Margin | 44.1% | 28.8% | 20.2% | 20.0% | 10.9% | |
| Continuous Operations Profit Margin | 37.5% | 27.9% | 18.3% | 17.5% | 10.3% | |
| Net Profit Margin | 37.4% | 28.0% | 18.5% | 17.5% | 10.3% | |
| Bottom Line Profit Margin | 37.4% | 28.0% | 18.5% | 17.5% | 10.3% | |
| Current Ratio | 0.493 | 1.101 | 0.355 | 0.693 | 0.997 | |
| Quick Ratio | 0.493 | 1.101 | 0.355 | 0.693 | 0.997 | |
| Solvency Ratio | 0.094 | 0.062 | 0.080 | 0.074 | 0.062 | |
| Cash Ratio | 0.193 | 0.106 | 0.153 | 0.206 | 0.596 | |
| Price To Earnings Ratio | 19.678 | 29.282 | 54.675 | 65.646 | 179.272 | |
| Price To Earnings Growth Ratio | 0.477 | 0.586 | 6.310 | 0.678 | 0.192 | |
| Forward Price To Earnings Growth Ratio | 0.477 | 0.586 | 6.310 | 0.678 | 0.192 | |
| Price To Earnings Diluted Ratio | 19.738 | 29.366 | 55.030 | 66.424 | 181.785 | |
| Price To Earnings Diluted Growth Ratio | 0.479 | 0.581 | 5.955 | 0.683 | 0.198 | |
| Price To Book Ratio | -4.273 | -4.307 | -5.340 | -5.809 | -8.176 | |
| Price To Sales Ratio | 7.366 | 8.214 | 10.184 | 11.639 | 18.709 | |
| Price To Free Cash Flow Ratio | 19.444 | 19.888 | 21.117 | 28.611 | 40.897 | |
| Price To Operating Cash Flow Ratio | 16.059 | 16.489 | 17.881 | 23.839 | 36.304 | |
| Debt To Assets Ratio | 1.323 | 1.380 | 1.421 | 1.433 | 1.482 | |
| Debt To Equity Ratio | -3.156 | -3.083 | -2.797 | -2.875 | -2.749 | |
| Debt To Capital Ratio | 1.464 | 1.480 | 1.556 | 1.533 | 1.572 | |
| Long Term Debt To Capital Ratio | 1.795 | 1.701 | 1.794 | 1.697 | 1.755 | |
| Financial Leverage Ratio | -2.385 | -2.234 | -1.968 | -2.006 | -1.855 | |
| Working Capital Turnover Ratio | -5.916 | -7.676 | -4.962 | -24.393 | -32.135 | |
| Operating Cash Flow Ratio | 0.578 | 0.742 | 1.133 | 1.845 | 1.931 | |
| Operating Cash Flow Sales Ratio | 0.459 | 0.498 | 0.570 | 0.488 | 0.515 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.826 | 0.829 | 0.847 | 0.833 | 0.888 | |
| Debt Service Coverage Ratio | 0.739 | 1.491 | 2.706 | 67.074 | 62.453 | |
| Interest Coverage Ratio | 2.928 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Short Term Operating Cash Flow Coverage Ratio | 0.578 | 1.124 | 2.401 | 53.571 | 49.577 | |
| Operating Cash Flow Coverage Ratio | 0.084 | 0.085 | 0.107 | 0.085 | 0.082 | |
| Capital Expenditure Coverage Ratio | 5.744 | 5.851 | 6.525 | 5.996 | 8.904 | |
| Dividend Paid And Capex Coverage Ratio | 1.835 | 2.046 | 2.546 | 2.467 | 3.073 | |
| Dividend Payout Ratio | 0.455 | 0.566 | 0.737 | 0.665 | 1.067 | |
| Enterprise Value Multiple | 16.293 | 20.939 | 23.372 | 27.257 | 37.886 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 41.6% | ▼-35.7% | ▼-27.3% |
| Ebit Margin | 60.7% | ▲3.8% | ▲14.9% |
| Ebitda Margin | 77.7% | ▲10.7% | ▲9.7% |
| Operating Profit Margin | 48.7% | ▼-4.9% | ▲7.6% |
| Pretax Profit Margin | 44.1% | ▲15.3% | ▲19.3% |
| Continuous Operations Profit Margin | 37.5% | ▲9.5% | ▲15.2% |
| Net Profit Margin | 37.4% | ▲9.5% | ▲15.1% |
| Bottom Line Profit Margin | 37.4% | ▲9.5% | ▲15.1% |
| Current Ratio | 0.493 | ▼-0.607 | ▼-0.234 |
| Quick Ratio | 0.493 | ▼-0.607 | ▼-0.234 |
| Solvency Ratio | 0.094 | ▲0.032 | ▲0.019 |
| Cash Ratio | 0.193 | ▲0.088 | ▼-0.057 |
| Price To Earnings Ratio | 19.677 | ▼-9.604 | ▼-50.033 |
| Price To Earnings Growth Ratio | 0.477 | ▼-0.108 | ▼-1.171 |
| Forward Price To Earnings Growth Ratio | 0.477 | ▼-0.108 | ▼-1.171 |
| Price To Earnings Diluted Ratio | 19.738 | ▼-9.628 | ▼-50.731 |
| Price To Earnings Diluted Growth Ratio | 0.479 | ▼-0.102 | ▼-1.100 |
| Price To Book Ratio | -4.273 | ▲0.035 | ▲1.308 |
| Price To Sales Ratio | 7.366 | ▼-0.848 | ▼-3.856 |
| Price To Free Cash Flow Ratio | 19.444 | ▼-0.445 | ▼-6.548 |
| Price To Operating Cash Flow Ratio | 16.059 | ▼-0.430 | ▼-6.056 |
| Debt To Assets Ratio | 1.323 | ▼-0.057 | ▼-0.084 |
| Debt To Equity Ratio | -3.156 | ▼-0.073 | ▼-0.224 |
| Debt To Capital Ratio | 1.464 | ▼-0.016 | ▼-0.057 |
| Long Term Debt To Capital Ratio | 1.795 | ▲0.094 | ▲0.046 |
| Financial Leverage Ratio | -2.385 | ▼-0.150 | ▼-0.295 |
| Working Capital Turnover Ratio | -5.916 | ▲1.760 | ▲9.100 |
| Operating Cash Flow Ratio | 0.578 | ▼-0.165 | ▼-0.668 |
| Operating Cash Flow Sales Ratio | 0.459 | ▼-0.039 | ▼-0.047 |
| Free Cash Flow Operating Cash Flow Ratio | 0.826 | ▼-0.003 | ▼-0.019 |
| Debt Service Coverage Ratio | 0.739 | ▼-0.751 | ▼-26.153 |
| Interest Coverage Ratio | 2.928 | ▲2.928 | ▲2.342 |
| Short Term Operating Cash Flow Coverage Ratio | 0.578 | ▼-0.546 | ▼-20.872 |
| Operating Cash Flow Coverage Ratio | 0.084 | ▼-0.000 | ▼-0.004 |
| Capital Expenditure Coverage Ratio | 5.744 | ▼-0.107 | ▼-0.860 |
| Dividend Paid And Capex Coverage Ratio | 1.835 | ▼-0.212 | ▼-0.559 |
| Dividend Payout Ratio | 0.455 | ▼-0.111 | ▼-0.243 |
| Enterprise Value Multiple | 16.293 | ▼-4.646 | ▼-8.856 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $20.74B | $22.01B | $27.61B | $30.65B | $43.20B | |
| Enterprise value | $35.62B | $37.58B | $41.87B | $45.68B | $57.35B | |
| EV / Sales | 12.65x | 14.02x | 15.44x | 17.34x | 24.84x | |
| EV / Op. cash flow | 27.59x | 28.15x | 27.11x | 35.53x | 48.20x | |
| EV / Free cash flow | 33.40x | 33.95x | 32.02x | 42.64x | 54.30x | |
| EV / EBITDA | 16.29x | 20.94x | 23.37x | 27.26x | 37.89x | |
| Net debt / EBITDA | 6.81x | 8.67x | 7.96x | 8.97x | 9.35x | |
| Current ratio | 0.49x | 1.10x | 0.35x | 0.69x | 1.00x | |
| Income quality | 1.26x | 1.78x | 3.08x | 2.80x | 5.01x | |
| Graham net-net | -$144 | -$146 | -$137 | -$142 | -$131 | |
| Tax burden | 84.8% | 97.0% | 91.5% | 87.8% | 94.1% | |
| Interest burden | 72.6% | 50.7% | 51.0% | 54.3% | 31.0% | |
| Working capital | -$1.13B | $180.8M | -$879.0M | -$214.0M | -$1.9M | |
| Invested capital | $5.62B | $8.96B | $8.00B | $9.17B | $8.61B | |
| Return on assets | 9.1% | 6.6% | 4.9% | 4.4% | 2.4% | |
| Operating ROA | 11.9% | 13.3% | 8.9% | 9.1% | 8.3% | |
| Return on tangible assets | 12.1% | 8.3% | 6.5% | 5.9% | 3.4% | |
| Return on equity | -21.7% | -14.7% | -9.7% | -8.7% | -4.5% | |
| Return on invested capital | 10.0% | 12.6% | 8.6% | 8.0% | 7.8% | |
| Return on capital employed | 14.7% | 14.9% | 10.5% | 9.4% | 8.5% | |
| Earnings yield | 5.1% | 3.4% | 1.8% | 1.5% | 0.6% | |
| Free cash flow yield | 5.1% | 5.0% | 4.7% | 3.5% | 2.4% | |
| Capex / Op. cash flow | 17.4% | 17.1% | 15.3% | 16.7% | 11.2% | |
| Capex / Depreciation | 76.9% | 84.7% | 32.1% | 30.3% | 19.1% | |
| Capex / Sales | 8.0% | 8.5% | 8.7% | 8.1% | 5.8% | |
| SG&A / Sales | 9.9% | 9.7% | 9.9% | 9.9% | 9.5% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 2.7% | 2.8% | 3.2% | 3.8% | 3.7% | |
| Intangibles / Total assets | 24.9% | 20.9% | 24.1% | 26.2% | 28.6% | |
| Days sales outstanding | 86d | 39d | 27d | 37d | 24d | |
| Days payables outstanding | 16d | 36d | 24d | 27d | 22d | |
| Operating cycle | 86d | 39d | 27d | 37d | 24d | |
| Cash conversion cycle | 70d | 3d | 3d | 10d | 2d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Valuation
Market cap ▼-5.8%EV / Sales ▼-9.8%EV / EBITDA ▼-22.2%EV / Op. cash flow ▼-0.564Earnings yield ▲+0.017
Profitability
Return on equity ▼-0.070Return on assets ▲+0.025Return on invested capital ▼-0.025Return on capital employed ▼-0.003Operating ROA ▼-0.014Income quality ▼-0.524Tax burden ▼-0.122
Efficiency
Days sales outstanding ▲+47.326Days payables outstanding ▼-19.552Operating cycle ▲+47.326Cash conversion cycle ▲+66.878Capex / Sales ▼-0.005R&D / Sales n/a
Balance-sheet strength
Current ratio ▼-0.607Net debt / EBITDA ▼-1.865Working capital ▼-1313236000.000Invested capital ▼-3346966000.000Intangibles / Total assets ▲+0.040
Change over 5 years
Valuation
Market cap ▼-52.0%EV / Sales ▼-49.1%EV / EBITDA ▼-57.0%EV / Op. cash flow ▼-20.614Earnings yield ▲+0.045
Profitability
Return on equity ▼-0.172Return on assets ▲+0.067Return on invested capital ▲+0.023Return on capital employed ▲+0.062Operating ROA ▲+0.037Income quality ▼-3.748Tax burden ▼-0.093
Efficiency
Days sales outstanding ▲+62.244Days payables outstanding ▼-5.480Operating cycle ▲+62.244Cash conversion cycle ▲+67.724Capex / Sales ▲+0.022R&D / Sales n/a
Balance-sheet strength
Current ratio ▼-0.504Net debt / EBITDA ▼-2.542Working capital ▼-1130567000.000Invested capital ▼-2994387000.000Intangibles / Total assets ▼-0.037
Employee count
Peer market caps
Recent news
- 2026-08-15 AI Is Quietly Reshaping My Entire REIT Portfolio AI could reshape the entire REIT market. Some property sectors may quietly lose. Others could become hidden AI winners.
- 2026-08-14 Dividend Champion, Contender, And Challenger Highlights: Week August 16 A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
- 2026-08-10 How a 65-Year-Old Turned a $950,000 401(k) Rollover Into a $4,500 Monthly Paycheck Without Buying an Annuity Pulling $54,000 a year from a $950,000 rollover IRA sounds like a math problem, but the real trap is hidden in the yield tier you choose and what it quietly does to your principal over time.
- 2026-08-10 The “Set It & Forget It” Stocks I’d Want to Own Four stocks built on investment-grade balance sheets and decades of payout discipline could quietly generate thousands in annual passive income without requiring you to touch a thing after you buy them.
- 2026-08-09 How to Build $13,000 a Month in Dividend Income From Three Income Buckets Reaching $13,000 a month in dividends sounds like a capital problem, but the real trap is choosing the wrong yield tier and watching income quietly erode while you sleep. Three buckets can get you there, each with a very different cost hiding beneath the headline number.
- 2026-08-09 How Much Do You Need Invested by 50 to Retire on Dividends at 60? Retiring on dividends at 60 sounds straightforward until you realize the yield tier you choose today could mean the difference between an income stream that doubles over a decade and one that quietly erodes your nest egg.
- 2026-08-08 How Much Do You Need Invested to Out-Earn the Average Social Security Check With Dividends? Replicating a Social Security check with dividends sounds straightforward until you realize the yield you chase determines whether your income grows, stalls, or quietly disappears over the next two decades.
- 2026-08-07 How a 52-Year-Old Can Turn $425,000 Into a Monthly Paycheck Machine by 62 The yield you chase at 52 could quietly cannibalize the very nest egg you need at 62. Before you reach for the biggest monthly payout, understand the compounding trap hiding inside each income tier.
- 2026-08-06 SBA Communications Corporation $SBAC Shares Acquired by Bank of America Corp DE Bank of America Corp DE lifted its stake in shares of SBA Communications Corporation (NASDAQ: SBAC) by 41.7% during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,005,366 shares of the technology company''s stock after acquiring an additional 295,727 shares
- 2026-08-05 SBA Communications Q2 Earnings Call Highlights SBA Communications (NASDAQ: SBAC) reported second-quarter results in line with its expectations and modestly increased its full-year 2026 outlook for site leasing revenue, funds from operations (FFO) and FFO per share, citing higher straight-line revenue and improved net cash interest expense. Chief Financial Officer Marc Montagner said second-quarter FFO per share was $3.05. The company paid