SBAC · 10-Q · 2026Q3 · Full report

Capital Expenditure Program

SBA COMMUNICATIONS CORP · 2026-11-05 · Importance 68 · Surprise 24 · In source text

For 2026, SBA expects $61.0 million to $65.0 million of non-discretionary cash capital expenditures for tower maintenance and general corporate expenditures. It expects $480.0 million to $490.0 million of discretionary cash capital expenditures for acquisitions, new tower construction, tower augmentations, and ground lease purchases. The company expects to fund these expenditures from cash on hand, operating cash flow, Revolving Credit Facility and Commercial Paper Program borrowings, or new financings.

Key facts

• For 2026, SBA expects discretionary cash capital expenditures of $480.0 million to $490.0 million based on acquisition obligations, new tower construction, tower augmentations, and ground lease purchases. source
• For 2026, SBA expects non-discretionary cash capital expenditures of $61.0 million to $65.0 million for tower maintenance and general corporate expenditures. source
• SBA expects to fund its 2026 cash capital expenditures from cash on hand, operating cash flow, borrowings under the Revolving Credit Facility and Commercial Paper Program, or new financings. source
• SBA spent $49.700 million on land buyouts and other assets in the nine months ended September 30, 2026. source
• SBA spent $109.135 million on construction and related costs in the nine months ended September 30, 2026. source
• SBA spent $31.845 million on augmentation and tower upgrades in the nine months ended September 30, 2026. source
• SBA spent $39.809 million on tower maintenance in the nine months ended September 30, 2026. source

Impact estimates