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SBA Communications Corp(SBAC)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SBAC
09/16/2026: SBAC (1-star) is currently NOT-A-BUY. Pass it for now.
SBA Communications is a specialized real estate investment trust that owns and operates essential wireless infrastructure, primarily communications towers. The company benefits from a high-margin business model supported by long-term, inflation-protected lease contracts with major wireless carriers. Its primary growth opportunity lies in the ongoing global densification of 5G networks, which requires increased equipment on existing towers. However, the company faces risks from high debt levels, carrier consolidation, and potential technological shifts. The stock may best suit dividend-focused or value-oriented investors seeking stable infrastructure exposure, though investors should monitor interest rate trends and carrier spending behavior closely.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | While the business has organic growth, it is now a mature REIT with lower growth rates than pure tech firms. |
| Momentum investor | Weak fit | This is typically a defensive, income-oriented stock that rarely demonstrates high-frequency momentum. |
| Value investor | Strong fit | The stock is often evaluated based on AFFO multiples, which can provide value-oriented entry points. |
| Dividend investor | Strong fit | SBA offers a reliable and growing dividend supported by stable, long-term lease cash flows. |
| Low-risk investor | Mixed fit | While cash flows are stable, the company's significant debt load introduces moderate financial risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock reacts sensitively to changes in interest rate expectations. |
| Valuation risk | Medium | Overpaying relative to AFFO multiples can impact long-term total returns. |
| Competition risk | Medium | Intense competition with AMT and CCI keeps a lid on pricing power for lease rates. |
| Business quality | Strong | SBA operates a high-quality, essential infrastructure business model. |
| Dividend income | Medium | Yield is generally lower than other utility-style stocks due to growth reinvestment focus. |
| Execution risk | Medium | The company relies on its ability to integrate acquisitions efficiently. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 2.96% | Avg. Invested days 54 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/16/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 19.43B USD | Price to earnings Ratio 19.76 | 1Y Target Price 226.4 |
Price to earnings Ratio 19.76 | 1Y Target Price 226.4 | ||
Volume (30-day avg) 863.4K shares | Beta 0.98 | 52 Weeks Range 160.33 - 221.58 | Updated Date 09/16/2026 |
52 Weeks Range 160.33 - 221.58 | Updated Date 09/16/2026 | ||
Dividends yield (FY) 2.58% | Basic EPS (TTM) 9.27 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Domestic Leasing | Rental income from wireless towers in the United States. | This is the company's primary, high-margin cash engine. |
| International Leasing | Rental income from wireless towers in Latin America and other regions. | Provides geographic diversification but introduces currency and political risk. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 19.76 | Forward PE 19.12 | Enterprise Value 34.28B | Price to Sales(TTM) 6.77 |
Enterprise Value 34.28B | Price to Sales(TTM) 6.77 | ||
Enterprise Value to Revenue 11.94 | Enterprise Value to EBITDA 17.03 | Shares Outstanding 106.09M | Shares Floating 105.30M |
Shares Outstanding 106.09M | Shares Floating 105.30M | ||
Percent Insiders 0.77 | Percent Institutions 101.35 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About SBA Communications Corp
Exchange NASDAQ | Headquarters Boca Raton, FL, United States | ||
IPO Launch date 1999-06-16 | CEO, President & Director Mr. Brendan Thomas Cavanagh CPA | ||
Sector Real Estate | Industry REIT - Specialty | Full time employees 1844 | Website https://www.sbasite.com |
Full time employees 1844 | Website https://www.sbasite.com | ||
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops and other structures that support antennas used for wireless communications. In our site leasing business, we lease space to wireless service providers and other customers on assets we own or operate, and manage rooftop and tower sites for property owners under various contractual arrangements. As of December 31, 2025, we owned 46,328 towers, a substantial portion of which were built by us or by other tower owners or operators who, like us, build towers to lease space to multiple wireless service providers. As of December 31, 2025, each of our towers had an average of 1.8 tenants. SBA Communications Corporation was established in 1989 and was incorporated in Florida.
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