SBAC · Real Estate
SBA COMMUNICATIONS CORP
Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window
10-Q · 2026-08-06
- Acquisitions and DivestituresImportance 80 · Surprise 84During the six months ended June 30, 2026, SBA acquired 16 towers and related assets and liabilities and rights to land underneath approximately 3,900 communication sites in Guatemala. International site leasing…
- Long-term Debt IssuanceImportance 71 · Surprise 60On July 23, 2026, SBA Communications issued $3.5 billion of unsecured senior notes in three tranches due from 2030 to 2033, with coupons ranging from 4.875% to 5.450% and a blended coupon of 5.113%. Net proceeds repaid…
- Segment ProfitabilityImportance 69 · Surprise 64Six-month total operating profit increased $25.0 million, or 3.7%, to $694.7 million, while constant-currency operating profit increased $15.3 million, or 2.3%. International site leasing operating profit rose $80.3…
- Capital Expenditure OutlookImportance 68 · Surprise 42SBA expects 2026 non-discretionary cash capital expenditures of $65.0 million to $75.0 million for tower maintenance and general corporate purposes. The company expects discretionary 2026 cash capital expenditures of…
- Interest Rate and Refinancing ExposureImportance 68 · Surprise 48SBA Communications states that higher interest rates have already affected and are expected to continue affecting its growth rate and future operating results. Higher rates may reduce wireless service providers’…
- Liquidity and Debt PositionImportance 64 · Surprise 42SBA Communications estimated total debt service of $4.074 billion for the twelve months ending June 30, 2027, based on debt outstanding and interest rates as of June 30, 2026. The estimate included $1.172 billion for…
- Income Tax Rate ChangesImportance 63 · Surprise 64Six-month income tax provision increased $10.0 million to $87.1 million, representing a 73.4% constant-currency increase from the prior-year period. On a constant-currency basis, the provision increased $32.1 million,…
- Guidance / OutlookImportance 63 · Surprise 32For the remainder of 2026, management expects core leasing revenue to increase over 2025 levels on a currency-neutral basis. Expected growth is attributed to contractual escalators, additional wireless-carrier capacity…
- Customer Revenue ConcentrationImportance 54 · Surprise 24Domestic site leasing revenue declined $28.1 million for the six months ended June 30, 2026, primarily due to Sprint, EchoStar, and other lease non-renewals. SBA expects domestic churn of $132.0 million to $136.0…
- Revenue Performance and MixImportance 53 · Surprise 48Six-month revenue increased 2.2% year over year to $1.419 billion, or 2.2% on a constant-currency basis, as international site leasing growth offset domestic and site development declines. International site leasing…
- Capital Return ProgramImportance 53 · Surprise 22SBA paid $267.8 million of common-stock dividends during the six months ended June 30, 2026, compared with $241.6 million in the prior-year period. The company declared and paid quarterly dividends of $1.25 per share…
- Customer DynamicsImportance 50 · Surprise 24Domestic site leasing revenue declined because of lease non-renewals involving Sprint, EchoStar, and other customers, partially offset by contractual escalators, new leases, amendments, and recently acquired or…
- Outstanding IndebtednessImportance 49 · Surprise 6As of June 30, 2026, SBA Communications had $6.5 billion of Secured Tower Revenue Securities backed by operating cash flows from 8,611 tower sites. The company also had $3.0 billion of senior notes outstanding,…
- Gross Margin DriversImportance 42 · Surprise 14Six-month total cost of revenues increased $21.6 million, or 6.6%, to $347.3 million, exceeding the 2.2% revenue growth rate. International site leasing cost of revenues increased $27.6 million, or 28.6%, as the…
- Liquidity and Cash PositionImportance 42 · Surprise 14Cash provided by operating activities was $662.3 million for the six months ended June 30, 2026, down from $669.3 million in the prior-year period. Cash, cash equivalents, and restricted cash ended the period at $360.8…
- Geographic Market CommentaryImportance 41 · Surprise 48The company operates primarily in the United States and its territories, with additional tower operations in South America, Central America, and Africa. Brazil and Guatemala represented approximately 30% and 10%,…
- Operating Expense TrendsImportance 36 · Surprise 14Six-month selling, general, and administrative expense increased $10.9 million to $148.1 million, representing a 6.5% year-over-year increase and an $8.9 million constant-currency increase. The increase was primarily…
- FX / Currency ImpactImportance 25 · Surprise 32SBA Communications has material foreign-currency exposure across its international tower portfolio. In Brazil, Chile, and South Africa, substantially all revenue, expenses, and capital expenditures are denominated in…
- End-Market Demand TrendsImportance 23 · Surprise 24SBA expects wireless carriers to deploy additional network capacity and expand geographical coverage during the remainder of 2026. Longer-term demand is supported by increasing minutes of network use, data transfer,…
- Site Development DemandImportance 13 · Surprise 6SBA’s U.S.-only site development business provides network pre-design, site audits, location identification, zoning and permitting support, construction, antenna installation, and radio equipment installation and…
News · 2026-08-06
- Revenue Performance and MixImportance 17 · Surprise 24SBA Communications reported second-quarter results featuring surging international leasing revenue. Domestic leasing performance was weaker than international leasing performance during the quarter. The resulting…
- Geographic Market CommentaryImportance 17 · Surprise 24SBA Communications reported stronger international site-leasing demand during the second quarter of 2026. Domestic leasing activity remained weak by comparison, creating a divergent demand profile across the company’s…
News · 2026-08-05
- Guidance / OutlookImportance 51 · Surprise 60SBA Communications modestly increased its full-year 2026 outlook for site leasing revenue, funds from operations (FFO), and FFO per share. Management cited higher straight-line revenue and improved net cash interest…
- Margin DriversImportance 17 · Surprise 24Higher costs pressured SBA Communications' margins in the second quarter. International leasing strength provided an offset to the cost pressure and domestic weakness. Improved net cash interest expense also supported…
- Net Income and EPS PerformanceImportance 9 · Surprise 6SBA Communications reported second-quarter FFO per share of $3.05. Second-quarter FFO exceeded analyst estimates, according to the third-party report. The FFO outperformance occurred despite weaker domestic leasing and…
News · 2026-08-04
- Revenue Performance and MixImportance 17 · Surprise 24SBA Communications reported second-quarter results featuring surging international leasing revenue. Domestic leasing performance was weaker than international leasing performance during the quarter. The resulting…
- Margin DriversImportance 17 · Surprise 24Higher costs pressured SBA Communications' margins in the second quarter. International leasing strength provided an offset to the cost pressure and domestic weakness. Improved net cash interest expense also supported…
- Geographic Market CommentaryImportance 17 · Surprise 24SBA Communications reported stronger international site-leasing demand during the second quarter of 2026. Domestic leasing activity remained weak by comparison, creating a divergent demand profile across the company’s…