Why SBAC lags the market
Down 41% over five years while the S&P 500 rose 72%.
- 10-year Treasury yield went from 1.51% on Nov 8, 2021 to 4.88% on Nov 9, 2026 (U.S. Treasury, daily yield curve).
−1Long-term trend
SBAC's Quality Score fell 2 points on Tue, Nov 10, to 3. Its price broke out of a narrow range (3 chart checks stopped).
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Down 41% over five years while the S&P 500 rose 72%.
−1Long-term trend
| Since its Dec 2021 high | Down 51% |
| Latest filing | 8-K, Nov 9 |
Thu Nov 12: Ex-dividend, $1.25 a shareAt the open. Pays Dec 10.
After its last 4 reports it closed +2.9% on average, higher 3 of 4 times.
SBAC is #66 of 131 by Quality Score.
| Rank | Stock | Quality Score |
|---|---|---|
| 1 | ||
| 2 | ||
| 3 | ||
| Open for its score | ||
| Open for its score | ||
| Open for its score | ||
| Open for its score | ||
| 66 |
Sales over four quarters against a year before: SBAC +2.3%, CCI -5.3%, AMT +5.3%.
Expected to report Mon Mar 1, after the close (in 111 days).
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
Sales of $713.9M, 3% less than a year ago; a profit of $2.19 a share, from $2.20.
| Line | Q3 2026 | Q2 2026 | Q3 2025 |
|---|---|---|---|
| Domestic Site Leasing Revenue | $454M | $452M | $470M |
Each quarter's sales and their share of its total. Figures as filed (SEC filing, Nov 5)
No outlook figures read from this release.
“The upper C-band auction, a growing pipeline of new spectrum and the industry’s move toward 6G is expected to drive new deployments on our sites, and we are seeing new opportunities from satellite and edge compute providers that value the reach and infrastructure of our portfolio.”
From its results filing (SEC filing · Nov 2)
Sales grew 6.2% a year over 5 years, fiscal 2020 to 2025.
Pays $5.00 a share a year.
| Reported | Gap | Reaction | 5 days |
|---|---|---|---|
| Nov 2, 2026 | -2.5% | -0.1% | +3.0% |
| Aug 3, 2026 | -1.7% | +4.7% | +0.8% |
| Apr 29, 2026 | -0.5% | +2.4% | +1.1% |
Sales grew in six of the last seven years, to $2.8B in 2025. It made a profit in each of the eight years.
RSI 59.8, MACD above signal, above both averages. Not scored.
Its dividends come to 50% of its free cash flow.
| Dividend | $5.00 a share a year |
| Paid out | About $522M a year |
| Free cash flow | $1.1B |
| Record | Raised each of the last 5 years |
One insider sold $55K across 1 filing in the last 6 months. No open-market buys on record. The newest:
6 trades disclosed in the last six months. The newest:
Officers and directors with a Form 4 in the last 12 months.
In ETFs: SBAC is 1.1% of VNQ, 0.1% of JEPI, and under 0.1% of SCHG, the most of the 24 funds Breakaway covers, by each fund's latest filing, Jun 30 to Aug 31, 2026.
SBA Communications owns a portfolio of about 45,000 wireless towers throughout North America, Latin America, and Africa. It leases space on its towers to wireless service providers, who install equipment to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market generated by the top three or four mobile carriers. It owns more than 17,000 towers in the US, which account for about 70% of leasing revenue. Internationally, SBA's largest markets are Brazil and Guatemala, where it owns roughly 12,000 and 5,000 towers, respectively. SBA operates as a real estate investment trust.
“Domestic Site Leasing – In the U.S., our primary competitors for our site leasing activities are (1) large independent tower companies including American Tower Corporation and Crown Castle International; (2) a number of regional independent tower owners; (3) wireless service providers that own and operate their own towers and lease, or may in the future decide to lease, antenna space to other providers; (4) owners and operators of alternative facilities such as rooftops, outdoor and indoor distributed antenna system (“DAS”) networks, billboards, utility poles, and electric transmission towers; and (5) owners and operators of alternative wireless technology systems and architectures.”
SBAC scores 3 today, which Breakaway calls Below Average. It is #66 of 131 in Reit by Quality Score, with 2 of 14 chart checks firing. Down 41% over five years while the S&P 500 rose 72%. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
SBAC scores 3 today, which Breakaway calls Below Average (0 to 5). That is #66 of 131 in Reit by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind SBAC's 3.
One insider sold $55K across 1 filing in the last 6 months. No open-market buys on record. The newest is George R. Krouse Jr., Director, who sold $55K on Aug 17.
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Insider and Congress trades, the chart, and the financials, in one score.
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