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Company Analysis

SBA Communications Corporation SBAC

A comprehensive view of key metrics, scores, and financial health for SBA Communications Corporation

Overview of SBA Communications Corporation

SBAC NMS
Real Estate REIT - Specialty Large Cap
SBA Communications Corporation (SBAC), is a Large Cap company, in the REIT - Specialty industry, last closed at $215.00, about 21.5% overvalued vs fair value, -10.6% 1Y return, ranked 137/330 in sector.
Metrics Rev Growth 5.1% ROE -21.2% Div Yield 2.32%
$215.00
1.20%
As of April 28, 2026
Previous close • Vol 90d: 42.3%
52-Week Range
Market Cap
$22.74B
Enterprise Value
$26.83B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Good
Health
Weak
Efficiency
Good
Valuation
Fair
Growth
Fair
Profitability
Good
Health
Weak
Efficiency
Good
Valuation
Fair
Completeness: 82%
Confidence: 88%
Updated: Mar 8
Top Beats
No strong beats yet

Quick Facts

Website https://www.sbasite.com
HQ Boca Raton, FL
Employees 1,720
Fiscal year Dec 31

Next Events

Dividend Mar 27
Earnings Apr 27 Estimated

Fair Value Snapshot

Bear Base Bull
$150
$169
$190
Current: $215.00 -22% vs base

Engine Room Money Flow™

Large Cap

Real Estate Investment Trust - Where revenue goes and how value is created

Flow Steps
Total Revenue
$2.8B
5.1%%
Net Operating Income
$1.3B
-14.5%%
Net Income
$749.5M
40.6%%
FFO (Funds From Operations)
$1.0B
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Real Estate Investment Trust

Quality & Reliability Indicators

FFO Payout Ratio
47.0%
Excellent

Dividends / FFO - basic dividend safety

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$976.8M
105.8% of AFFO

Where It Leaks

Cash Flow Health healthy
Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.
1
Active Leaks
1/1
Improving
0
High Impact
0
Critical
Moat Analysis REIT Specialized

Competitive Advantage Assessment

Evaluating SBA Communications Corporation's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
61
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Rent Pricing Power

Developing
49
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Equity REITs vs Industry Peers 94% Coverage
Trade-Off Triangle Visualization A ternary plot showing SBAC's balance between Growth (41.2%), Profitability (35.0%), and Safety (23.9%). Growth 41% Safety 24% Profitability 35%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

72th percentile vs peers
72
Key Signals
Rev Growth YoY 5.1% 62p FFO Growth YoY 32.1% 87p AFFO/Share 10.52 94p FFO/Share 12.63 89p Revenue CAGR 3Y 2.2% 50p
Strengths
  • FFO Growth YoY in top 20% of peers (32.1%, 87th percentile)
  • Net Debt/EBITDA in top 20% of peers (10.59, 95th percentile)
  • Growth above peer median with strong metric coverage (91%)
  • AFFO/Share in top 20% of peers (10.52, 94th percentile)
Risks

No significant risks identified for this axis.

Profitability

61th percentile vs peers
62
Key Signals
Strengths
Risks
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Safety

42th percentile vs peers
42
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for SBA Communications Corporation.

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
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Bear
-
- - -
- upside
-
Base
$168.84
- - -
-21.5% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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