SBAC · 10-Q · 2026Q3 · Full report

Guidance / Outlook

SBA COMMUNICATIONS CORP · 2026-11-05 · Importance 57 · Surprise 24

For the remainder of 2026, management expects core leasing revenue to increase over 2025 levels on a currency-neutral basis, supported by contractual escalators, carrier capacity and coverage deployments, and towers acquired or built during 2025 and 2026. Management expects elevated churn through 2026, including $133.0 million to $136.0 million of cash site leasing revenue in domestic markets, partly due to Sprint and EchoStar. In international markets, expected churn is $37.0 million to $39.0 million, partly due to Oi wireline churn.

Key facts

• SBA expects core leasing revenue during the remainder of 2026 to increase over 2025 levels on a currency-neutral basis, partly from contractual escalators, carrier capacity and coverage deployments, towers acquired and built in 2025 and 2026, and expected remainder-of-2026 acquisitions and construction; increased churn, primarily from Sprint and EchoStar, is a partial offset. source
• SBA expects churn to remain elevated through 2026. source