SBAC · 10-Q · 2026Q2 · Full report
Acquisitions and Divestitures
SBA COMMUNICATIONS CORP · 2026-08-06 · Importance 80 · Surprise 84 · In source text
During 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 revenue also reflected 7,110 towers acquired in the Millicom transaction since January 1, 2025, contributing to a $100.1 million year-over-year increase in international revenue. Subsequent to June 30, 2026, SBA purchased or contracted to purchase 58 communication sites for aggregate cash consideration of $28.8 million, with expected closings by the end of the fourth quarter of 2026. Market divestitures since January 1, 2025 reduced SG&A costs, while international revenue was partially offset by tower divestitures.
Key facts
- For the six months ended June 30, 2026, international site leasing revenues increased $100.1 million versus prior year; on a constant currency basis they increased $74.7 million, primarily due to revenues from 7,133 towers acquired (including 7,110 related to the Millicom transaction) and 624 towers built since January 1, 2025. source
- Subsequent to June 30, 2026, we purchased or are under contract to purchase 58 communication sites for an aggregate consideration of $28.8 million in cash and anticipate these acquisitions will be closed by the end of the fourth quarter of 2026. source
- During the six months ended June 30, 2026, we acquired 16 towers and related assets and liabilities and the rights to land underneath approximately 3,900 communication sites in Guatemala. source
- As of June 30, 2026, we had approximately 1.2 million shares of Class A common stock remaining under this registration statement. source
- During the six months ended June 30, 2026, we did not issue any shares of Class A common stock under this registration statement. source
- During the six months ended June 30, 2026, we did not issue any securities under our automatic shelf registration statement. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +194.8% | For the six months ended June 30, 2026, international site leasing revenues increased $100.1 million versus prior year; on a constant… |
| cash | negative | committed | -0.2% | Subsequent to June 30, 2026, we purchased or are under contract to purchase 58 communication sites for an aggregate consideration of $28.8… |
| assets | positive | committed | +0.2% | Subsequent to June 30, 2026, we purchased or are under contract to purchase 58 communication sites for an aggregate consideration of $28.8… |
| assets | positive | realized | — | During the six months ended June 30, 2026, we acquired 16 towers and related assets and liabilities and the rights to land underneath… |
| liability | negative | realized | — | During the six months ended June 30, 2026, we acquired 16 towers and related assets and liabilities and the rights to land underneath… |