SBAC · 10-Q · 2026Q2 · Full report

Operating Expense Trends

SBA COMMUNICATIONS CORP · 2026-08-06 · Importance 36 · Surprise 14 · From source text

Six-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 driven by higher non-cash compensation and personnel and support costs associated with increased presence in certain markets and entry into Honduras. Other SG&A increased $7.3 million, or 24.2%, while site development SG&A increased 11.5% to $7.0 million. Lower costs from market divestitures since January 1, 2025 and lower bad debt expense partially offset the increases.

Key facts

• Depreciation, accretion, and amortization for the six months ended June 30, 2026 was $162,686 (thousands) versus $135,012 (thousands) prior year, an increase of $27,674 (thousands) or 17.2%. source
• For the three months ended June 30, 2026, depreciation, accretion, and amortization expense was $81,371 (thousands) versus $69,964 (thousands) prior year, an increase of $11,407 (thousands) or 13.0%. source
• For each calendar month, SBA Network Management, Inc. is entitled to receive a management fee equal to 4.5% of the Borrowers’ operating revenues for the immediately preceding calendar month. source
• For the three months ended June 30, 2026, selling, general, and administrative expenses increased $6.5 million versus the prior year; on a constant currency basis SG&A increased $5.5 million for the period. source

Impact estimates