Organic tenant billings growth rate (combination of lease escalators, new tenant additions, and amendments)
Tower cash flow (adjusted EBITDA) margins and conversion to AFFO (Adjusted Funds From Operations)
New tower build activity and M&A pipeline in US and international markets
Carrier capex guidance and 5G deployment timelines from T-Mobile, Verizon, AT&T
low - Wireless infrastructure demand driven by secular data consumption growth (video streaming, IoT, enterprise connectivity) rather than GDP. Carrier capex shows minimal correlation to economic cycles as network investment is strategic and long-term. Revenue contracted with 3-4% annual escalators provides recession resilience.
High sensitivity through two channels: (1) Direct impact on $13B debt stack - company carries Net Debt/EBITDA of ~7x, so 100bp rate move materially affects interest expense and AFFO; (2) REIT valuation compression as rising 10-year Treasury yields make dividend yields less attractive relative to risk-free rates. Refinancing risk mitigated by staggered debt maturities (weighted average 4.5 years) and ~90% fixed-rate debt.
Technological disruption from satellite-based broadband (Starlink, AST SpaceMobile) potentially reducing terrestrial tower demand, though current consensus views this as 10+ year risk
Carrier consolidation reducing number of tenants - T-Mobile/Sprint merger resulted in decommissioning activity, though offset by 5G densification needs
Regulatory changes to tower siting, zoning restrictions, or lease rate regulations, particularly in international markets
dividend/income - REIT structure requires 90% of taxable income distribution, currently yielding ~2%. Attracts infrastructure investors seeking inflation-protected cash flows from contracted escalators and secular 5G growth. Growth component from international expansion and 5G densification appeals to total-return focused investors, though negative recent returns reflect rate sensitivity.
Trend
+12.1% vs SMA 50 · +6.7% vs SMA 200
Momentum
Volume distribution is neutral or leaning toward distribution. No compelling squeeze setup based on current money flow data.
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
Analyst consensus estimates · Actuals replace estimates as reported
| Year | Revenue Est. | Rev Gth | EPS Est. | EPS Gth | Range | Analysts |
|---|---|---|---|---|---|---|
FY2025 | $2.8B $2.8B–$2.9B | — | $9.85 | — | ±0% | High8 |
FY2026(current) | $2.9B $2.8B–$2.9B | ▲ +1.4% | $7.42 | ▼ -24.7% | ±3% | High14 |
FY2027 | $2.9B $2.9B–$3.0B | ▲ +2.7% | $8.40 | ▲ +13.2% | ±10% | High12 |
Dividend per payment — last 8 periods
In ATTAIN-MAINTAIN, participants who transitioned from a maximum tolerated dose (MTD) of Wegovy (sem…
sba communications corporation (sba) is a leading independent owner and operator of wireless communications infrastructure across north, central and south america. founded in 1989 and headquartered in boca raton, florida, sba is listed on nasdaq under the symbol: sbac. by "building better wireless", sba generates revenue from two primary businesses - site leasing and site development services. •in our site leasing business, we lease antenna space on our multi-tenant towers and other structures to a variety of wireless service providers under long-term lease contracts. •our site development business offers wireless service providers and operators assistance in developing their own networks through site acquisition, zoning, construction and equipment installation. our principal operations are in the united states and its territories. in addition, sba owns and operates towers in brazil, canada, costa rica, el salvador, guatemala, nicaragua and panama. our expansion is driven by: •consume
| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
SBAC◀ | $213.61 | -0.24% | $23.0B | 22.6 | +505.7% | 3742.7% | 1494 |
| $217.50 | +0.10% | $151.7B | 106.8 | +3582.4% | 878.3% | 1508 | |
| $143.76 | +1.27% | $134.3B | 36.1 | +717.6% | 3880.1% | 1508 | |
| $1080.63 | +1.32% | $107.1B | 75.2 | +585.3% | 1457.9% | 1523 | |
| $178.82 | +0.53% | $82.7B | 28.7 | +511.4% | 2376.5% | 1488 | |
| $195.27 | +0.48% | $69.0B | 49.1 | +1004.0% | 2140.8% | 1512 | |
| $205.66 | -0.55% | $65.3B | 15.6 | +671.9% | 7251.1% | 1504 | |
| Sector avg | — | +0.41% | — | 47.7 | +1082.6% | 3103.9% | 1505 |