OakChart

SBA Communications Corp

SBACReal Estate·REIT - Specialty·USA·Large·NASD·Nov 11 • 11:29 AM ET

190.42-1.01 (-0.53%)
2026-11-11 17:29 CET
Market cap
19,990.65 USD m
Revenue, TTM
2,852.22 USD m
Net income, TTM
985.20 USD m
Free cash flow, TTM
452.72 USD m
EPS diluted, TTM
9.27
P/E
20.53
Compare

Price

SBAC against its 20, 50 and 200-day averages
2050200beat
160.00180.00200.00220.001.5M3.0MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26SBACclose 190.4320-day 185.9050-day 179.85200-day 190.38190.4352w low

15.2% under the 52-week high of 224.46 on 20 Apr 2026. 52-week low 156.60 on 5 Oct 2026. Last 15 sessions, 16.6% high to low

Profile

SBAC
52-week range, 50% of the way up
156.6224.46

SBA Communications Corp. is a real estate investment trust, which engages in the provision of wireless communications infrastructures. It operates through the following business segments: Domestic Site Leasing, International Site Leasing, and Site Development. The Domestic Site Leasing segment includes AT&T, Sprint, T-Mobile, and Verizon Wireless. The International Site Leasing segment acquires and develops towers. The Site Development segment is involved in consulting and construction activities. The company was founded by Steven E. Bernstein in 1989 and is headquartered in Boca Raton, FL.

IndexS&P 500, RUI
Employees1844
IPOJun 16, 1999
Beta0.96
ATR, 14d6.15
Rel volume0.23
Short float3.26%
Insider own0.70%
Inst own105.02%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap19.89B
Enterprise Value32.42B
Income985.20M
Sales2.85B
Book/sh-46.30
Cash/sh4.35
Dividend Est.5.00 (2.63%)
Dividend TTM4.86 (2.55%)
Dividend Ex-DateNov 12, 2026
Dividend Gr. 3/5Y16.06% 19.01%
Payout45.31%
Employees1844
IPOJun 16, 1999

Ratios

P/E20.53
Forward P/E23.36
PEG-
P/S6.97
P/B-
P/C43.74
P/FCF43.92
EV/EBITDA17.36
EV/Sales11.37
Quick Ratio0.20
Current Ratio0.20
Debt/Eq-
LT Debt/Eq-
Option/ShortYes / Yes

Earnings

EPS (ttm)9.27
EPS next Y8.15
EPS next Q2.00
EPS this Y-20.55%
EPS next Y4.69%
EPS next 5Y-3.39%
EPS past 3/5Y32.43% 115.18%
Sales past 3/5Y2.25% 6.21%
EPS Y/Y TTM16.64%
Sales Y/Y TTM2.26%
EPS Q/Q-0.57%
Sales Q/Q-2.51%
EarningsNov 02 AMC
EPS/Sales Surpr.4.67% -1.40%

Ownership

Insider Own0.70%
Insider Trans-0.04%
Inst Own105.02%
Inst Trans0.00%
ROA8.61%
ROE-
ROIC21.88%
Gross Margin63.88%
Oper. Margin53.69%
Profit Margin34.54%
SMA202.43%
SMA505.88%
SMA2000.03%
Trades-

Technical

Shs Outstand104.43M
Shs Float103.69M
Short Float3.26%
Short Ratio3.34
Short Interest3.38M
52W High224.46 -15.16%
52W Low156.60 21.60%
Volatility3.41% 3.52%
ATR (14)6.15
RSI (14)58.23
Beta0.96
Rel Volume0.23
Avg Volume1.01M
Volume79,271

Performance

Perf Week-2.59%
Perf Month4.73%
Perf Quarter2.27%
Perf Half Y-8.30%
Perf YTD-1.55%
Perf Year-6.12%
Perf 3Y-13.04%
Perf 5Y-44.47%
Perf 10Y92.31%
Recom1.96
Target Price221.55
Prev Close191.43
Price190.42
Change %-0.53%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Jul 17, 2026UpgradeWWells FargoEqual Weight → Overweight$210+10.3%
Jun 26, 2026ResumedGGoldmanNeutral$205+7.7%
Apr 22, 2026UpgradeTTruistHold → Buy$247+29.7%
Mar 31, 2026InitiatedTTruistHold$193+1.4%
Mar 05, 2026InitiatedBBernsteinMkt Perform$218+14.5%
Aug 27, 2025DowngradeBBofA SecuritiesBuy → Neutral$230+20.8%
Jul 17, 2025InitiatedBScotiabankSector Perform$252+32.3%
May 20, 2025DowngradeDDeutsche BankBuy → Hold$247+29.7%
May 19, 2025ResumedBBofA SecuritiesBuy$260+36.5%
Apr 01, 2025ResumedMMorgan StanleyEqual-Weight$240+26.0%

Peers

Mkt cap
TickerCompanyMkt cap
CCICrown Castle Inc37.76B
AMTAmerican Tower Corp87.68B
DLRDigital Realty Trust Inc68.53B
EQIXEquinix Inc105.23B
IRMIron Mountain Inc33.55B
LAMRLamar Advertising Co16.38B
UNITUniti Group Inc1.04B
OUTOutfront Media Inc5.87B
GLPIGaming and Leisure Properties Inc11.33B
VICIVICI Properties Inc27.34B

Insider trading

latest 14 of 23
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Montagner MarcEVP - CHIEF FINANCIAL OFFICEROct 17 '26Option Exercise0.001,58807,784Oct 20 06:30 PM
Krouse George R JrDirectorAug 17 '26Sale182.6730054,8028,512Aug 19 06:30 PM
GEORGE R. KROUSE JROfficerAug 17 '26Proposed Sale182.6730054,802Aug 17 04:30 PM
DAY DONALDEVP - SITE LEASINGAug 01 '26Option Exercise0.00457010,163Aug 04 06:30 PM
Krouse George R JrDirectorMay 13 '26Option Exercise212.31501106,3679,312May 15 06:30 PM
LANGER JACKDirectorMay 13 '26Option Exercise212.311,501318,67710,200May 15 06:30 PM
BEEBE KEVIN LDirectorMay 13 '26Option Exercise212.311,501318,67718,136May 15 06:30 PM
BERNSTEIN STEVEN EDirectorMay 13 '26Option Exercise212.311,501318,6778,636May 15 06:30 PM
Chan Mary SDirectorApr 13 '26Option Exercise212.311,501318,6777,320Apr 14 06:30 PM
Cavanagh Brendan ThomasPRESIDENT AND CEOMar 06 '26Option Exercise0.0019,084065,751Mar 09 06:30 PM
Ciarfella Mark REVP - OPERATIONSMar 06 '26Option Exercise0.008,383043,497Mar 09 06:30 PM
CANE RICHARD MEVP; PRES. - INTERNATIONALMar 06 '26Option Exercise0.008,319013,017Mar 09 06:30 PM
KOENIG JOSHUAEXECUTIVE VP/GENERAL COUNSELMar 06 '26Option Exercise0.007,985011,481Mar 09 06:30 PM
Montagner MarcEVP - CHIEF FINANCIAL OFFICERMar 06 '26Option Exercise0.004,52307,047Mar 09 06:30 PM

Held by

AUM
TickerCompanyAUM
VNQVanguard Real Estate Index Fund ETFAUM: 38.99B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B
XLREState Street Real Estate Select Sector SPDR ETFAUM: 8.46B
VUGVanguard Morningstar Growth ETFAUM: 217.67B
SCHHSchwab U.S. REIT ETFAUM: 11.94B

News

latest 14 of 206
  • Elon Musk opens the door for a big SpaceX acquisition (MarketWatch)
  • SBA Communications: Q3 Earnings Snapshot (Associated Press)
  • SBA Communications Matches The Whisper As Buybacks And Refinancing Lift AFFO While U.S. Leasing Keeps Slipping (Earnings Whispers)
  • SBA Communications Corporation Reports Third Quarter 2026 Results; Updates Full Year 2026 Outlook; and Declares Quarterly Cash Dividend (Business Wire)
  • SBA Communications Faces A Leasing Test As Higher Whisper Bets On A Quiet Beat (Earnings Whispers)
  • Loading…
  • SpaceXs 80,000 Cell Site Push A Win For AST SpaceMobile, Ericsson, Nokia, NextNav, Among Others, Says Roth Capital (Stocktwits)
  • SpaceX wants to be America's fourth phone carrier tower owners are cashing in (Yahoo Finance)
  • VZ, TMUS, T Stocks Face Valuation Pressure From SpaceX Wireless Push But Tower Operators Stand To Gain, Says Citi (Stocktwits)
  • Telcos down, cell tower stocks up, on SpaceX report (MarketWatch)
  • SBA Communications Corp. stock underperforms Wednesday when compared to competitors (MarketWatch)
  • SBA Communications Corporation Sets Date for Third Quarter 2026 Earnings Release (Business Wire)
  • Bernstein says SpaceXs Grain spectrum deal is a catalyst for tower stocks (Blockspace)
  • SpaceXs mobile push wipes $45B off US telcos as tower stocks rise (Blockspace) +7.34%

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-022.1902.0922.190713.92724.0714
2026Q22026-08-031.8701.8451.871715.27706.0112
2026Q12026-04-291.7401.7781.742703.44696.2412
2025Q42026-02-263.4703.7923.472719.58726.2812
2025Q32025-11-032.2002.1922.202732.33714.0513
2025Q22025-08-042.0902.1262.095698.98671.1513
2025Q12025-04-281.7702.1392.041664.25661.9512
2024Q42025-02-241.6102.0701.606693.7681.6115
2024Q32024-10-282.4002.2622.396667.6669.313
2024Q22024-07-291.5102.1501.512660.48665.2113
2024Q12024-04-291.4201.1681.423657.86671.0813
2023Q42024-02-261.0101.3721.009675.02682.1113
2023Q32023-11-030.8001.1690.803682.54679.8214
2023Q22023-07-311.8701.2151.870678.5676.8713
2023Q12023-05-010.9201.2140.926675.52675.4314
2022Q42023-02-210.9401.1060.945686.09679.814

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY1.2801.1021.2822,0152,008
2020FY0.210-0.2110.2122,0832,078
2021FY2.1402.3852.1372,3092,305
2022FY4.2204.3594.2182,6332,628
2023FY4.6104.9684.6082,7122,719
2024FY6.9407.3936.9352,6802,668
2025FY9.8009.8539.8002,8152,822
2026FY-7.787--2,847
2027FY-8.152--2,903
2028FY-8.835--3,008
2029FY-9.553--3,185
2030FY-10.185--3,257

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-031709713.19706.4724
2026Q4S2026-11-021700721.05708.7733.7
2026Q4S2026-10-181700721.05708.7733.7
2026Q4S2026-10-161703721.05708.7733.7
2026Q4S2026-10-151703721.17708.7733.7
2026Q4S2026-10-131703721.08708.7733.7
2026Q4S2026-10-051703721.04708.1733.7
2026Q4S2026-09-191702721.15708.1733.7
2026Q4S2026-08-281712721.15708.1733.7
2026Q4S2026-08-121712721.57708.1733.7
2026Q4S2026-08-071712721.54708.1733.7
2026Q4S2026-08-041712721.42708.1731.74
2026Q4S2026-07-211600723.67710.8738
2026Q4S2026-07-141600723.67710.8738

Estimate history

EPS, annual0.860.411.2820.2122.1374.2184.6086.9359.7989.2736
Period201720182019202020212022202320242025TTM
EPS, quarterly2.3961.6062.0412.0952.2023.4721.7421.8712.189
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual1727.6741865.6952014.6452083.1382308.8342633.4542711.5842679.6342815.1392852.22
Period201720182019202020212022202320242025TTM
Sales, quarterly667.595693.7664.248698.981732.327719.583703.438715.274713.924
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual116.446112.433111.775109.819108.956107.997108.05107.561105.666104.427
Period201720182019202020212022202320242025MRQ
Shares, quarterly107.506107.561108.028107.487106.773105.666106.063106.088104.427
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue2,852.222,815.142,679.632,711.582,633.452,308.832,083.142,014.641,865.69
Total Expenses1,320.831,269.461,128.621,614.771,638.411,466.051,400.561,386.861,285.42
Operating Income1,531.391,545.681,551.011,096.81995.04842.78682.58627.79580.27
Unusual Expense190.10202.89121.19173.1570.0798.2875.0545.6350.55
Net Income Before Taxes1,155.341,242.04772.67548.50525.84252.56-17.75186.8951.68
Income Taxes171.19187.5823.9951.0966.0414.94-41.8039.604.23
Consolidated Net Income984.161,054.46748.68497.42459.80254.8724.05147.2847.45
Net Income From Continuing Operations985.201,053.63749.54501.81461.43237.6224.10146.9947.45
Net Income985.201,053.63749.54501.81461.43237.6224.10146.9947.45
EPS (Recurring)23.5211.127.725.724.672.760.681.560.71
EPS (Basic, Before Extraordinaries)9.309.836.964.644.272.170.221.300.41
EPS (Diluted)9.279.806.934.614.222.140.211.280.41
Non-Operating Income (Expense)309.31390.57-234.7751.73-24.29-25.95-189.8621.00-78.89
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense67.4459.8358.7669.4678.9361.6150.2953.4533.44
Price To Earnings Ratio20.6420.6432.1555.8275.48182.251,384.35187.19394.85
Price To Sales Ratio5.937.398.2210.1911.6418.7315.3713.7210.11
Gross Margin63.8864.8667.6450.4447.8946.0742.5140.8738.80
Operating Margin53.6954.9157.8840.4537.7836.5032.7731.1631.10
Net Margin34.5437.4327.9718.5117.5210.291.167.302.54
Shares Outstanding104.43105.67107.56108.05108.00108.96109.82111.78112.43
Market Capitalization19,990.6519,990.6521,913.1927,369.8530,263.9542,317.9831,348.8827,135.7218,345.54

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue713.92715.27703.44719.58732.33698.98664.25693.70
Total Expenses324.67336.23326.58333.35332.80314.38288.93289.70
Operating Income389.25379.05376.86386.24399.52384.60375.32404.00
Unusual Expense41.6027.1934.0187.3125.3649.8240.4123.17
Net Income Before Taxes254.59232.47236.01432.28289.08260.75259.93155.87
Income Taxes22.2335.9951.1161.8548.6535.0642.02-22.92
Consolidated Net Income232.36196.47184.90370.43240.43225.69217.91178.79
Net Income From Continuing Operations231.31198.78184.83370.29236.82225.79220.73173.63
Net Income231.31198.78184.83370.29236.82225.79220.73173.63
EPS (Recurring)2.462.051.9716.862.372.422.301.76
EPS (Basic, Before Extraordinaries)2.191.871.753.482.212.102.051.61
EPS (Diluted)2.191.871.743.472.202.092.041.61
Non-Operating Income (Expense)3.9216.1127.73261.5541.1151.5536.37-110.58
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense17.2820.5814.9614.6214.7416.4615.7114.17
Price To Earnings Ratio20.6418.5517.5524.3523.7631.0831.7232.15
Price To Sales Ratio5.936.536.407.337.469.298.868.22
Gross Margin64.0563.8363.6064.0163.5765.1866.4767.98
Operating Margin54.5252.9953.5753.6854.5655.0256.5058.24
Net Margin32.4027.7926.2851.4632.3432.3033.2325.03
Shares Outstanding104.43106.09106.06105.67106.77107.49108.03107.56
Market Capitalization19,990.6518,715.8818,207.3420,609.3920,761.7325,234.0323,676.3821,913.19

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments439.021,651.03247.72187.00433.64340.23138.55175.91101.71
Short Term Receivables663.93742.23748.05612.93487.85401.83471.08493.5490.67
Investments3,433.952,867.612,845.202,940.902,686.492,749.602,844.752,788.752,814.93
Investment in Unconsolidated Affiliates0.000.000.000.000.000.000.000.000.00
Net Property, Plant & Equipment3,865.673,600.733,714.383,889.743,232.882,373.562,572.220.000.00
Deferred Tax Assets35.7253.9767.4716.1751.9253.724.3418.331.67
Other Intangible Assets3,136.722,501.762,555.612,938.312,908.93865.511,156.783,737.184,311.22
Total Assets11,575.0111,417.3410,178.4410,585.049,801.709,158.029,759.947,213.717,320.20
Total Debt15,319.1315,756.1914,463.4715,171.1614,522.5413,426.2012,860.849,938.559,310.69
Long Term Debt13,083.7214,307.2613,546.8614,884.7914,260.0513,166.1612,091.748,996.839,290.69
Provision for Risks Charges152.60140.90119.3079.8053.6030.9011.509.907.21
Deferred Tax Liabilities317.1185.17119.2160.9470.7382.2988.8251.1230.77
Other Liabilities561.43490.88612.30517.73420.98427.82449.74590.95570.65
Total Liabilities16,350.2716,473.1415,314.2815,829.6215,067.8513,967.2113,410.9010,590.539,919.32
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity-4,853.52-5,109.94-5,170.88-5,276.31-5,283.40-4,824.38-3,667.01-3,376.82-2,599.11
Total Shareholders Equity-4,853.52-5,109.94-5,170.88-5,276.31-5,283.40-4,824.38-3,667.01-3,376.82-2,599.11
Accumulated Minority Interest78.2654.1335.0531.7317.2515.1916.050.000.00
Total Equity-4,775.26-5,055.81-5,135.84-5,244.58-5,266.15-4,809.19-3,650.95-3,376.82-2,599.11
Total Liabilities & Stockholders Equity11,575.0111,417.3410,178.4410,585.049,801.709,158.029,759.947,213.717,320.20
Book Value Per Share-45.93-47.51-47.86-48.86-48.49-43.93-32.81-30.03-22.32
Tangible Book Value Per Share-73.21-69.72-70.58-74.56-74.22-72.67-65.25-59.66-53.22
Full-Time Employees1,8441,7201,7871,8341,5961,4831,4751,3471,291
Price to Book Ratio-4.13-4.23-5.31-5.64-8.02-6.42-7.35-5.39-8.57
Return on Assets9.176.944.834.532.510.251.730.651.41
Return on Invested Capital12.808.155.994.802.650.291.740.841.55
Quick Ratio0.291.100.360.691.000.770.320.310.93
Current Ratio0.291.100.360.691.000.770.320.310.93

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Funds from Operations1,417.851,470.951,477.921,479.921,398.821,225.031,077.32974.52897.52
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-119.72-179.63-143.0664.47-113.12-35.1348.71-4.47-46.91
Cash from Operating Activities1,298.131,291.331,334.871,544.391,285.701,189.901,126.03970.04850.62
Capital Expenditures-845.41-1,283.65-527.96-366.66-1,390.54-1,391.40-128.57-154.24-149.81
Net Assets From Acquisitions0.000.000.000.000.000.00-271.42-773.96-451.83
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.000.000.00
Purchase or Sale of Investments-155.16237.95-263.93-0.67-3.64-0.63-49.50-13.16-6.09
Purchase of Investments-2,067.00-1,166.31-1,800.68-1,339.03-881.78-1,731.11-1,288.70-638.96-156.98
Sale Or Maturity of Investments1,911.841,404.261,536.751,338.35878.141,730.481,239.21625.81150.89
Other Uses-6.62-1.78-17.42-100.92--31.23--5.81-10.61
Other Sources555.94445.650.000.000.520.003.12--
Cash from Investing Activities-451.26-601.83-809.31-468.25-1,393.65-1,423.26-446.37-947.16-618.35
Cash Dividends Paid-517.34-479.01-424.19-369.96-306.77-253.58-207.69-83.390.00
Change in Capital Stock-476.20-442.25-164.03-55.81-393.36-495.89-805.29-350.78-795.58
Repurchase of Common Pref Stock-518.55-497.81-200.02-100.01-431.67-582.58-859.34-466.98-795.58
Sale of Common Pref Stock42.3555.5535.9944.2038.3086.6954.05116.200.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net150.37-713.001,240.19-540.00569.881,173.47722.24373.46591.68
Change in Long Term Debt150.37-713.00-180.00-540.00370.001,173.47722.24373.46591.68
Issuance of Long Term Debt4,790.87695.00370.00190.00975.006,344.383,710.381,907.464,128.68
Reduction of Long Term Debt-4,640.50-1,408.00-550.00-730.00-605.00-5,170.91-2,988.14-1,534.00-3,537.00
Net Financing Active Other Cash Flow-27.54-29.31-6.22-51.44-5.23-84.73-178.28-1.6055.36
Other Financing Activities Uses-20.83-25.51-18.80-27.48-9.96-71.90-2.08-1.60-
Cash from Financing Activities-870.72-1,663.58645.74-1,017.22-135.47339.26-469.02-62.31-148.54
Exchange Rate Effect-7.7710.44-21.592.73-2.92-13.08-8.962.25-9.73
Net Change in Cash-31.62-963.641,149.7161.66-246.3492.82201.69-37.1874.00
Free Cash Flow452.727.68806.911,177.73-104.83-201.50997.47815.81700.81
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow--57.5534.20--40.5337.7426.92

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments454.65384.94439.90439.02461.53297.58
Short Term Receivables663.43690.19661.11663.93646.96619.98
Investments3,474.153,499.133,453.653,433.953,322.073,288.97
Investment in Unconsolidated Affiliates0.000.000.000.000.000.00
Net Property, Plant & Equipment3,852.354,024.274,011.173,865.673,784.993,762.94
Deferred Tax Assets55.8033.6632.4135.7242.7147.40
Other Intangible Assets3,115.973,110.123,122.603,136.723,001.982,749.52
Total Assets11,616.3611,742.3211,720.8411,575.0111,260.2410,766.39
Total Debt12,895.9412,729.2212,959.7315,319.1312,705.4812,511.55
Long Term Debt9,338.479,150.6710,276.2013,083.7211,932.9211,739.36
Provision for Risks Charges0.000.000.00152.600.000.00
Deferred Tax Liabilities---317.11--
Other Liabilities3,462.303,557.753,427.01561.433,412.143,128.58
Total Liabilities16,358.2416,286.9716,386.7416,350.2716,117.6215,640.12
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity-4,834.77-4,629.85-4,751.65-4,853.52-4,933.98-4,938.90
Total Shareholders Equity-4,834.77-4,629.85-4,751.65-4,853.52-4,933.98-4,938.90
Accumulated Minority Interest92.8885.2085.7478.2676.6165.16
Total Equity-4,741.88-4,544.65-4,665.90-4,775.26-4,857.38-4,873.74
Total Liabilities & Stockholders Equity11,616.3611,742.3211,720.8411,575.0111,260.2410,766.39
Book Value Per Share-46.30-43.64-44.80-45.93-46.21-45.95
Tangible Book Value Per Share-73.06-70.67-71.95-73.21-71.73-69.95
Full-Time Employees---1,844--
Price to Book Ratio-4.13-3.94-3.75-4.19-4.21-5.10
Return on Assets8.618.809.189.177.998.55
Return on Invested Capital5.144.403.354.503.383.32
Quick Ratio0.200.170.230.290.500.37
Current Ratio0.200.170.230.290.500.37

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Funds from Operations348.23337.71335.27396.64364.63355.46
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-16.3969.47-80.18-92.62-46.6012.63
Cash from Operating Activities331.84407.18255.09304.02318.03368.10
Capital Expenditures-105.17-91.21-191.89-457.14-71.86-645.09
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-0.6581.60-107.13-128.980.4064.07
Purchase of Investments-306.56-527.00-725.13-508.31-223.70-205.93
Sale Or Maturity of Investments305.92608.60618.00379.32224.10270.00
Other Uses0.07-6.910.000.22-2.000.00
Other Sources145.812.802.25405.09-4.860.06
Cash from Investing Activities40.05-13.72-296.77-180.82-78.31-580.96
Cash Dividends Paid-131.26-132.65-135.19-118.23-119.14-119.36
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-298.780.7734.02-212.21-148.23-117.81
Repurchase of Common Pref Stock-300.03-2.250.00-216.27-150.84-130.70
Sale of Common Pref Stock1.253.0134.024.062.6112.88
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net142.62-235.7554.25189.25188.5080.00
Change in Long Term Debt142.62-235.7554.25189.25188.5080.00
Issuance of Long Term Debt3,445.87125.00900.00320.00295.0080.00
Reduction of Long Term Debt-3,303.25-360.75-845.75-130.75-106.500.00
Net Financing Active Other Cash Flow-3.590.90-22.69-2.17-0.93-1.10
Other Financing Activities Uses-0.07-0.51-19.61-0.63-0.18-0.41
Cash from Financing Activities-291.01-366.73-69.61-143.36-79.80-158.28
Exchange Rate Effect-7.871.526.79-8.224.967.56
Net Change in Cash73.0228.25-104.51-28.37164.87-363.58
Free Cash Flow226.67315.9763.19-153.12246.17-276.99

Revenue breakdown

United States2024: 2.68B 2025: 2.82B
Domestic Site Leasing2024: 1.86B 2025: 1.87B
International Site Leasing2024: 665.34M 2025: 705.04M
Site Development Construction2024: 152.87M 2025: 244.50M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-303.26%3.4M103.7M1.04M
2026-10-153.23%3.4M105.3M984.62K
2026-09-303.15%3.3M105.3M987.11K
2026-09-153.60%3.8M105.3M992.89K
2026-08-313.55%3.7M105.3M1.01M
2026-08-143.01%3.2M105.3M1.02M
2026-07-312.65%2.8M105.3M956.63K
2026-07-152.81%3.0M105.3M962.50K
2026-06-302.51%2.6M105.3M1.18M
2026-06-152.22%2.3M105.0M1.15M
2026-05-292.31%2.4M105.3M1.16M
2026-05-152.30%2.4M104.7M1.22M
2026-04-302.66%2.8M104.8M1.25M
2026-04-153.29%3.4M104.8M1.20M
2026-03-312.66%2.8M104.6M938.26K
2026-03-132.44%2.6M104.6M893.25K
2026-02-272.42%2.5M104.6M841.77K
2026-02-132.18%2.3M105.4M797.48K
2026-01-302.44%2.6M105.4M819.95K
2026-01-152.42%2.6M105.4M882.93K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call10089.3092.300.002.7670.000.000.994-0.0430.005
call10584.5087.300.002.5870.000.000.993-0.0430.005
call11079.3083.100.002.6300.000.000.993-0.0430.005
call11574.3077.300.002.0030.000.000.992-0.0430.006
call12069.3072.300.002.0920.000.000.992-0.0430.006
call12564.3067.3034.501.93910.000.000.991-0.0430.007
call13059.3062.3031.001.58513.000.000.991-0.0430.007
call13554.3058.100.001.8140.000.000.990-0.0430.008
call14049.3052.300.001.5100.000.000.989-0.0430.008
call14544.3048.100.001.5210.000.000.988-0.0430.009
call15039.3042.300.001.2300.000.000.986-0.0420.010
call15534.3037.300.000.9680.000.000.897-0.3400.054
call16029.3033.1025.021.1047.000.000.884-0.3240.058
call16524.3027.3022.300.7381.000.000.872-0.3100.063
call17019.6021.8018.100.55532.000.000.853-0.2910.069
call17514.7017.4011.100.6072.000.000.825-0.2650.077
call1809.9013.006.800.5422350.000.781-0.2460.088
call1856.908.5011.400.4413.000.000.670-0.2890.108
call1904.005.605.000.44444.000.000.531-0.3100.119
call1951.903.602.600.43939.001.000.411-0.3180.117
call2000.701.704.600.3992240.000.270-0.2440.099
call2100.002.451.180.6162020.000.178-0.2680.078
call2200.002.200.051.0061.000.000.217-0.4920.089
call2300.001.950.150.9631.000.000.126-0.3320.062
call2400.002.150.001.1530.000.000.123-0.3900.061
call2500.002.150.001.2980.000.000.112-0.4100.057
call2600.002.150.001.4280.000.000.104-0.4290.054
call2700.001.750.001.5120.000.000.091-0.4100.049
put1000.002.150.001.7110.000.00-0.006-0.0450.005
put1050.002.150.001.5990.000.00-0.006-0.0450.005
put1100.002.150.001.4810.000.00-0.006-0.0450.005
put1150.002.150.001.3760.000.00-0.007-0.0440.006
put1200.002.150.001.2680.000.00-0.007-0.0440.006
put1250.002.150.001.1651.000.00-0.008-0.0430.007
put1300.001.950.051.0683.000.00-0.009-0.0420.007
put1350.001.750.000.9780.000.00-0.010-0.0420.008
put1400.001.750.000.8811.000.00-0.011-0.0410.008
put1450.001.752.600.7962.000.00-0.012-0.0400.009
put1500.000.100.100.68681.000.00-0.013-0.0360.010
put1550.001.950.051.1325.000.00-0.103-0.3360.054
put1600.001.950.061.0041340.00-0.114-0.3220.058
put1650.002.351.250.87277.000.00-0.129-0.3040.063
put1700.002.500.550.7516290.00-0.147-0.2850.069
put1750.002.154.000.61830.000.00-0.172-0.2590.076
put1800.751.801.850.48668.000.00-0.213-0.2370.087
put1851.803.406.200.4972580.00-0.325-0.2800.108
put1903.605.506.200.51717.000.00-0.451-0.3050.119
put1956.608.906.800.53821.000.00-0.600-0.3060.116
put20010.6012.108.900.53723.000.00-0.737-0.2320.098
put21019.1021.800.000.7780.000.00-0.820-0.2590.079
put22028.9031.900.000.9220.000.00-0.855-0.2950.068
put23038.1041.700.001.0780.000.00-0.874-0.3210.062
put24048.1051.900.001.2660.000.00-0.887-0.3420.057
put25058.9061.700.001.3740.000.00-0.897-0.3600.053
put26068.7071.700.001.5710.000.00-0.895-0.4140.054
put27078.6081.700.001.7270.000.00-0.910-0.3870.049

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-098-KCurrent report2026-11-06SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-0510-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-028-KCurrent report2026-11-02SEC
2026-10-204Statement of changes in beneficial ownership of securities2026-10-17SEC
2026-09-258-KCurrent report2026-09-25SEC
2026-08-194Statement of changes in beneficial ownership of securities2026-08-17SEC
2026-08-17144Filing for proposed sale of securities under Rule 144.SEC
2026-08-0610-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-044Statement of changes in beneficial ownership of securities2026-08-01SEC
2026-08-038-KCurrent report2026-08-03SEC
2026-07-248-KCurrent report2026-07-23SEC
2026-07-238-KCurrent report2026-07-23SEC
2026-07-16424B2SEC
2026-07-158-KCurrent report2026-07-14SEC
2026-07-15FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-07-13305B2Application for designation of a new trustee under the Trust Indenture ActSEC
2026-07-13424B5SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-274Statement of changes in beneficial ownership of securities2026-05-22SEC
2026-05-228-KCurrent report2026-05-22SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-13SEC
2026-05-154Statement of changes in beneficial ownership of securities2026-05-13SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080054.80K1
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
DODGE & COX11.62%
BlackRock, Inc.9.56%
VANGUARD PORTFOLIO MANAGEMENT LLC9.26%
VANGUARD CAPITAL MANAGEMENT LLC6.54%
STATE STREET CORP4.83%
COHEN & STEERS, INC.3.06%
GEODE CAPITAL MANAGEMENT, LLC2.92%
JPMORGAN CHASE & CO2.55%
PRINCIPAL FINANCIAL GROUP INC1.84%
Invesco Ltd.1.82%

Funds

Fund% owned
T. Rowe Price Capital Appreciation Fund108.25%
Baird Ultra Short Bond Fund68.06%
Lord Abbett Ultra Short Bond Fund48.13%
Lord Abbett Short Duration Income Fund35.82%
Baird Core Plus Bond Fund34.84%
Baird Intermediate Bond Fund32.62%
Baird Short-Term Bond Fund30.09%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND28.38%
Core Fixed Income Fund27.34%
JNL/T. Rowe Price Capital Appreciation Fund 26.56%

OakChart. SBAC. Cached 15 minutes.