SBAC · 10-Q · 2026Q2 · Full report

Geographic Market Commentary

SBA COMMUNICATIONS CORP · 2026-08-06 · Importance 41 · Surprise 48

The 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%, respectively, of total towers at June 30, 2026, while no other international country exceeded 5% of the tower portfolio. International site leasing revenue increased 23.6% on a constant-currency basis for the six months ended June 30, 2026, driven by acquired and newly built towers, organic leasing growth, and contractual escalators. Brazil accounted for 14.0% of total site leasing revenue for the six-month period, and no other individual international market exceeded 5%.

Key facts

• Our site leasing revenues are governed by long-term contracts with pre-determined pricing that we will not be able to increase in response to increases in inflation other than our contracts in South America and Africa, which have inflationary index-based rent escalators. source
• As of June 30, 2026, we owned 46,390 towers. source
• As of June 30, 2026, approximately 30% of our total towers are located in Brazil. source
• As of June 30, 2026, approximately 10% of our total towers are located in Guatemala. source