SBA Communications (SBAC)
(Delayed Data from NSDQ)
$196.06 USD
+0.11 (0.06%)
Updated Apr 19, 2024 03:59 PM ET
After-Market: $195.21 -0.85 (-0.43%) 5:42 PM ET
3-Hold of 5 3
D Value C Growth A Momentum C VGM
Company Summary
SBA Communications Corporation was founded in 1989 and is headquartered in Boca Raton, FL. It is a leading independent owner and operator of wireless communications infrastructure. The company’s principal operations are in the United States and its territories. It also owns and operates towers in Central America and South America, Canada, South Africa, the Philippines and Tanzania.
The company elected to qualify as a real estate investment trust (“REIT”) for tax purposes, commencing with the taxable year ended Dec 31, 2016.
The company generates revenues from two primary businesses, site leasing ...
Company Summary
SBA Communications Corporation was founded in 1989 and is headquartered in Boca Raton, FL. It is a leading independent owner and operator of wireless communications infrastructure. The company’s principal operations are in the United States and its territories. It also owns and operates towers in Central America and South America, Canada, South Africa, the Philippines and Tanzania.
The company elected to qualify as a real estate investment trust (“REIT”) for tax purposes, commencing with the taxable year ended Dec 31, 2016.
The company generates revenues from two primary businesses, site leasing and site development services. The primary focus of the company is the leasing of antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. The company’s site-development business is only conducted in the United States.
Site Leasing (92.8% of the total revenues in 2023): Through this site leasing business, SBA Communications leases antenna space and other structures on their multi-tenant towers to a variety of wireless service providers under long-term lease contracts.
Site Development (7.2%): This segment provides wireless service providers and operators assistance in developing their own networks through site acquisition, zoning, construction and equipment installation.
In the fourth quarter of 2023, SBA Communications acquired 23 communication sites for a total cash consideration of $21.3 million. It also built 138 towers during this period. Notably, in October 2022, the company acquired 2,632 sites from Grupo TorreSur in Brazil for roughly $725 million in cash.
SBA Communications owned or operated 39,618 communication sites as of Dec 31, 2023. Out of these, 17,487 sites are in the United States and its territories and 22,131 internationally.
Note: All EPS numbers presented in this report represents funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
General Information
SBA Communications Corporation
8051 CONGRESS AVENUE
BOCA RATON, FL 33487
Phone: 561-995-7670
Fax: 561-995-7626
Email: ir@sbasite.com
Industry | REIT and Equity Trust - Other |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 3/31/2024 |
Earnings Date | 4/29/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 3.30 |
Current Year EPS Consensus Estimate | 13.29 |
Estimated Long-Term EPS Growth Rate | 12.90 |
Earnings Date | 4/29/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 195.95 |
52 Week High | 264.06 |
52 Week Low | 185.23 |
Beta | 0.56 |
20 Day Moving Average | 835,321.88 |
Target Price Consensus | 262.07 |
4 Week | -8.87 |
12 Week | -15.74 |
YTD | -22.76 |
4 Week | -4.68 |
12 Week | -17.71 |
YTD | -26.48 |
Shares Outstanding (millions) | 108.11 |
Market Capitalization (millions) | 21,183.90 |
Short Ratio | NA |
Last Split Date | NA |
Dividend Yield | 2.00% |
Annual Dividend | $3.92 |
Payout Ratio | 0.26 |
Change in Payout Ratio | 0.05 |
Last Dividend Payout / Amount | 3/13/2024 / $0.98 |
Fundamental Ratios
P/E (F1) | 14.74 |
Trailing 12 Months | 14.98 |
PEG Ratio | 1.14 |
vs. Previous Year | 8.36% |
vs. Previous Quarter | 0.90% |
vs. Previous Year | -1.61% |
vs. Previous Quarter | -1.10% |
Price/Book | NA |
Price/Cash Flow | 15.19 |
Price / Sales | 7.81 |
3/31/24 | NA |
12/31/23 | -9.70 |
9/30/23 | -9.53 |
3/31/24 | NA |
12/31/23 | 4.82 |
9/30/23 | 4.71 |
3/31/24 | NA |
12/31/23 | 0.36 |
9/30/23 | 0.69 |
3/31/24 | NA |
12/31/23 | 0.36 |
9/30/23 | 0.69 |
3/31/24 | NA |
12/31/23 | 18.51 |
9/30/23 | 18.20 |
3/31/24 | NA |
12/31/23 | 18.51 |
9/30/23 | 18.20 |
3/31/24 | NA |
12/31/23 | 20.23 |
9/30/23 | 19.79 |
3/31/24 | NA |
12/31/23 | -47.86 |
9/30/23 | -47.89 |
3/31/24 | NA |
12/31/23 | NA |
9/30/23 | NA |
3/31/24 | NA |
12/31/23 | NA |
9/30/23 | NA |
3/31/24 | NA |
12/31/23 | NA |
9/30/23 | NA |