Filings monitor · SBAC

What SBA COMMUNICATIONS CORP's SEC filings said

10-Q for 2026Q3, filed 5 Nov 2026, and 1 8-K since. Each line is something a filing stated, ranked by score and linked to its source.

Ranked highest

1. Long-term Debt Issuance75 · importance in its document · 10-Q · 2026Q3
   On July 23, 2026, SBA issued $3.5 billion of unsecured senior notes in three tranches, with coupon rates of 4.875%, 5.150%, and 5.450% and maturities in 2030, 2031, and 2033. The notes have a blended coupon rate of 5.113% and a weighted…
2. Guidance / Outlook70 · importance in its document · 8-K exhibit · 2 Nov 2026
   SBA updated its full-year 2026 outlook, forecasting site leasing revenue of $2,643 million to $2,658 million, total revenue of $2,833 million to $2,858 million, and Adjusted EBITDA of $1,918 million to $1,928 million. The outlook assumes…
3. Capital Expenditure Program68 · importance in its document · 10-Q · 2026Q3
   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…
4. Customer Dynamics66 · importance in its document · 10-Q · 2026Q3
   SBA expects churn to remain elevated through 2026, with domestic churn representing an estimated $133 million to $136 million of cash site leasing revenue, due in part to Sprint and EchoStar. International churn is estimated at $37…
5. Interest Rate and Refinancing Exposure61 · importance in its document · 10-Q · 2026Q3
   SBA states that in a high-interest-rate environment, particularly if rates remain higher for longer, repaying debt—especially variable-rate debt—may be an accretive use of excess capital. For the nine months ended September 30, 2026,…

Ranked by score, 0–100. A topic read from a document carries its importance within that document; an 8-K event carries the rule score that ranks a filing among filings. Neither is about the share price, and the two scales are named on each row because they are not the same measure.

Latest report: 10-Q · 2026Q3 filed 5 Nov 2026

Full report · Filing on EDGAR

• Long-term Debt IssuanceImportance 75 · +2 more on this subject
  On July 23, 2026, SBA issued $3.5 billion of unsecured senior notes in three tranches, with coupon rates of 4.875%, 5.150%, and 5.450% and maturities in 2030, 2031, and 2033. The notes have a blended coupon rate of…
• Capital Expenditure ProgramImportance 68
  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…
• Customer DynamicsImportance 66 · +1 more on this subject
  SBA expects churn to remain elevated through 2026, with domestic churn representing an estimated $133 million to $136 million of cash site leasing revenue, due in part to Sprint and EchoStar. International churn is…
• Interest Rate and Refinancing ExposureImportance 61
  SBA states that in a high-interest-rate environment, particularly if rates remain higher for longer, repaying debt—especially variable-rate debt—may be an accretive use of excess capital. For the nine months ended…
• Acquisitions and DivestituresImportance 58
  During the third quarter of 2026, SBA sold all towers and ended operations in Chile and Ecuador. On September 10, 2026, it agreed to sell all towers and related assets in Peru, subject to regulatory approval, with…
• Capital Return ProgramImportance 58
  During the nine months ended September 30, 2026, SBA repurchased 1.7 million Class A shares for $302.2 million at an average price of $179.75 per share. It paid $399.1 million in common-stock dividends during the…
• Guidance / OutlookImportance 57
  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…
• Impairment ChargesImportance 52
  Asset impairment and decommission costs totaled $65.3 million for the nine months ended September 30, 2026, down $38.4 million, or 37.4%, from $102.6 million in 2025. International impairment and decommission costs…
• Revenue Performance and MixImportance 49
  For the nine months ended September 30, 2026, total revenue was $2,132.6 million, up 0.2% from $2,095.6 million in 2025. International site leasing revenue increased 18.5% on a constant-currency basis to $628.3…
• Geographic Market CommentaryImportance 48
  SBA’s principal operations are in the United States and its territories, with additional tower operations in South America, Central America, and Africa. Brazil and Guatemala represent approximately 30% and 10% of the…
• Segment ProfitabilityImportance 47 · +1 more on this subject
  For the nine months ended September 30, 2026, international site leasing operating profit rose $88.0 million to $442.5 million, or $75.5 million on a constant-currency basis. The increase reflected higher international…
• Site Development DemandImportance 40 · +1 more on this subject
  SBA’s U.S.-only site development business provides network planning, site selection, permitting, construction, and equipment installation and maintenance services to wireless service providers and companies supporting…

8-K filings last 12 months

• New debt9 Nov 2026 · 8-K Items 1.01, 2.03 · Flagged · rule score 50
  “On November 6, 2026 (the “Closing Date”), SBA Communications Corporation (the “Company”) entered into a Term Loan Credit Agreement, dated as of November 6, 2026 (the “Term Loan Credit Agreement”), among the Company, as borrower, the…”
• Guidance revised (direction not stated)2 Nov 2026 · 8-K Item 2.02 · Flagged · rule score 55
  “Updates Full Year 2026 Outlook; and Declares Quarterly Cash Dividend Boca Raton, Florida, November 2, 2026 (BUSINESS NEWSWIRE) -- SBA Communications Corporation (Nasdaq: SBAC) (“SBA” or the “Company”) today reported results for the…”
  Read from the attached exhibit: Guidance / Outlook · Liquidity and Debt Position · Interest Rate and Refinancing Exposure
• New debt25 Sept 2026 · 8-K Item 2.03 · Routine · rule score 25
• Results (release not read)3 Aug 2026 · 8-K Item 2.02 · Routine · rule score 20
• New debt24 Jul 2026 · 8-K Items 1.01, 2.03 · Routine · rule score 25
• Results (release not read)29 Apr 2026 · 8-K Item 2.02 · Routine · rule score 20
• Management change (filing not read)27 Mar 2026 · 8-K Item 5.02 · Routine · rule score 20
• Results (release not read)26 Feb 2026 · 8-K Item 2.02 · Routine · rule score 20

Earlier reports

• 10-Q · 2026Q2filed 6 Aug 2026
  Acquisitions and Divestitures · Long-term Debt Issuance · Segment Profitability

Topics are read from the text of the 10-K, 10-Q or the exhibit attached to an 8-K, each linked to the passage it came from. 8-K events are labelled by fixed rules from the item codes and the filing text — the same rules for every company and every year. The Full Picture merges these with earnings calls and news.