SBAC · 10-Q · 2026Q2 · Full report

FX / Currency Impact

SBA COMMUNICATIONS CORP · 2026-08-06 · Importance 25 · Surprise 32

SBA 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 local currencies, while Costa Rica, Peru, and Tanzania use a mix of local currency and U.S. dollars. For the six months ended June 30, 2026, foreign-currency movements reduced international site-leasing revenue growth by $25.4 million and international operating-income growth by $9.7 million on a reported basis, while the company’s $28.3 million gain on remeasurement of U.S.-dollar intercompany loans partly affected other income.

Key facts

• Other income, net for the three months ended June 30, 2026 includes a $12.0 million gain on the remeasurement of U.S. dollar denominated intercompany loans; the prior year included a $45.3 million gain. source
• In Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, and Panama, substantially all of our revenue, expenses, and capital expenditures arising from our activities are denominated in U.S. dollars. source
• In Brazil, Chile, and South Africa, substantially all of our revenue, expenses, and capital expenditures are denominated in local currency. source