SBAC

SBA Communications climbs 14.8% in three months as tower leasing, colocation demand, expansion and dividend growth support its long-term outlook.

SBA Communications remains a buy, with the current valuation reflecting industry headwinds and offering upside on potential recovery. Q1 results beat expectations, guidance was raised, and AFFO per share is projected at $11.93–$12.38 for 2026, despite ongoing churn and refinancing pressures. Leverage remains elevated at 6.6x net debt/adj. EBITDA, but management targets investment-grade bond issuance in 2026 and maintains a sustainable dividend payout.

SBA Communications (SBAC) reported earnings 30 days ago. What's next for the stock?

SBA Communications Corporation (SBAC) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

SBAC beat Q1 estimates as international leasing revenues surge 32.6%, helping lift full-year 2026 guidance despite rising costs.

SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.01 per share, beating the Zacks Consensus Estimate of $2.86 per share. This compares to FFO of $3.16 per share a year ago.

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended March 31, 2026. Highlights of the first quarter include: Net income attributable to SBA of $184.8 million or $1.74 per share Industry-leading AFFO per share of $3.03 Increased full year 2026 outlook across all key metrics Company-wide Tower Cash Flow margin of approximately 80% In addition, the Company announced today that its Board of Directors.

SBAC heads into Q1 earnings results with revenue growth anticipated, but AFFO per share is expected to fall as higher churn and interest expenses weigh on results.

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BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its first quarter results on Wednesday, April 29, 2026 after market close. SBA will host a conference call on Wednesday, April 29, 2026 to discuss these results. The call may be accessed as follows: When: Wednesday, April 29, 2026 at 5:00 PM (EDT)   Dial-in Number: 1-202-735-3323   Access Code: 7690149   Conference Name: SBA First Quarter 2026 Results   Replay Availab.