Key facts, as of
As of October 8, 2026, SBA Communications (SBAC) trades at $170.38, down 9.6% over the past year. Its 52-week range runs from $156.60 to $224.46; the price is 24.1% below that high. It is 56.4% below its all-time high of $391.15, reached in December 2021. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +57.6%, against +312.9% for the S&P 500 (SPY). It sits 10.8% below its 200-day average of $190.91, the usual sign of a long-term downtrend. Its 30-day volatility is 28.9% annualized, which we rate medium risk. It has a trailing P/E of 18.4 and a dividend yield of 2.93%.
Cite: Portfolio Terminal, "SBA Communications (SBAC) stock analysis", 2026-10-08. https://portfolio-terminal.com/analyse/sbac
Where it trades today
trading 20% of the way up its 52-week range
How the price has moved
How far it is from its record
SBA Communications (SBAC) is 56.4% below its all-time high of $391.15, reached in December 2021. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +57.6%, against +312.9% for the S&P 500 (SPY).
What to weigh before acting
What Matters Now
- Financing conditions, occupancy, and asset repricing are the main levers behind upside or downside from here.
- SBAC trades at 18.4x earnings versus 35.0x for the sector, which means the rerating case depends on proving the discount is too harsh.
- Recent realized volatility is running around 28.9%, above the sector norm of 20.0%, so position sizing matters more than usual.
- SBAC remains in a bearish short-term trend and sits 24.1% below its high, which raises the bar for any thesis that depends on fast multiple expansion.
Portfolio Use Case
- SBAC is more relevant for investors who want some income support alongside price appreciation, not just pure growth exposure.
- The risk profile looks balanced enough for a diversified core-plus portfolio, provided the position size reflects sector concentration.
- This page is most useful for deciding whether the stock deserves a permanent slot in the portfolio or just a place on the watchlist.
What Would Change the View
- A recovery in price alone would not be enough to improve the view; the thesis needs confirmation from improving business or valuation signals.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
- The view would need revisiting if peers such as PLD, EQIX start winning the marginal flow or posting cleaner operating momentum.
Methodology
- Price, market cap, beta, yield, and liquidity fields for SBAC come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Real Estate so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as PLD, EQIX.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for SBAC. Last refresh: Oct 8, 2026, 10:10 AM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as PLD, EQIX.
What SBA Communications does
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops and other structures that support antennas used for wireless communications. In our site leasing business, we lease space to wireless service providers and other customers on assets we own or operate, and manage rooftop and tower sites for property owners under various contractual arrangements. As of December 31, 2025, we owned 46,328 towers, a substantial portion of which were built by us or by other tower owners or operators who, like us, build towers to lease space to multiple wireless service providers. As of December 31, 2025, each…
What analysts expect
SBAC carries a buy consensus from 20 analysts, with an average price target of $226.20 versus $170.38 today (+32.8%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
SBAC generated $2.87B in trailing revenue (2.3% year over year), with a 34.5% net margin, and $752.06M of free cash flow, against $14.88B of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $2.82B | $2.12B | $1.55B | $1.05B | $9.83 | $1.07B |
| 2024 | $2.68B | $2.10B | $1.57B | $749.54M | $6.96 | $1.11B |
| 2023 | $2.71B | $2.10B | $1.11B | $501.81M | $4.64 | $1.31B |
| 2022 | $2.63B | $1.96B | $995.38M | $461.43M | $4.27 | $1.07B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
Which ETFs hold it
SBAC is in 6 of the 30 ETFs we track. It weighs most in VNQ: 1.06% of the fund, holding #17 of 140.
How it sits in real estate
REITs and real estate companies offering income through property investments.
The companies it competes with
SBAC beside the real estate names it is usually measured against.
What the chart is saying
In a downtrend, below both moving averages.
downtrend- Price is 5.1% below its 50-day average and 10.8% below its 200-day.
- The 50-day crossed below the 200-day on 2026-07-22 (a “death cross”).
- RSI at 47 is neither stretched nor washed out.
- The nearest ceiling is $179.02 (+5.1%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is SBAC a good investment in 2026?
SBA Communications trades at a P/E ratio of 18.4, with medium volatility (28.9% annualized). Recent trend shows weakness.
What is the risk level of SBAC?
Based on 30-day volatility of 28.9%, SBAC has MEDIUM risk. Beta of 0.99 indicates lower sensitivity to market movements than average.
Does SBAC pay dividends?
Yes, SBA Communications has a dividend yield of 2.93%.
How far is SBAC from its all-time high?
SBA Communications is 56.4% below its all-time high of $391.15, reached in December 2021. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +57.6%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold SBAC?
6 of the 30 popular ETFs we track hold SBA Communications. The largest weights: VNQ (1.06%), VUG (0.07%), VOO (0.03%), VTI (0.03%) and SPY (0.03%). Measured on each issuer's full holdings file, dated August 31 to September 24, 2026.
How much of VOO is SBAC?
0.03%, as of August 31, 2026: SBAC is holding #386 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $0.30 in SBA Communications.
What is the analyst price target for SBAC?
The average analyst price target for SBA Communications (SBAC) is $226.20 based on 20 analyst estimates, about 32.8% above the current price of $170.38. The published range runs from $167.00 to $280.00.
How much revenue does SBAC generate?
SBA Communications reported $2.87B in trailing twelve-month revenue. Revenue growth is running at 2.3% year over year. Net margin sits at 34.5%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare SBAC with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.