SBAC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $158.49
Market Cap (MRQ) $16.81B
P/E (TTM) 17.1
EPS (TTM) $9.28
Revenue (TTM) $2.87B
Div Yield 2.9%
ROE (TTM) -20.7%
Debt/Equity (MRQ) -2.7
52W Range $157–$224

SBAC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
range
bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

About SBA Communications Corporation - Class A Common Stock Company overview from Wikipedia

05 · wikidata

SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa. It was founded in 1989 as Steven Bernstein and Associates by Steven Bernstein.

## Operations

The company develops wireless infrastructures, including small cells, indoor/outdoor distributed antenna systems, and traditional cell sites that support antennas used for wireless communication by mobile carriers and wireless broadband providers.

SBA Communications operates in two segments: Site Leasing and Site Development. It leases antenna space to wireless service providers on towers that it owns or operates, and manages rooftop and tower sites for property owners under various contractual arrangements. As of 2020, it owned 30,000 towers around North and South America. Its biggest market is Brazil, where the company owns over 10,000 towers. The company also managed or leased approximately 4,800 actual or potential towers. In addition, it provides various site development services comprising network pre-design; site audits; identification of potential locations for towers and antennas; support in buying or leasing of the location; assistance in obtaining zoning approvals and permits; tower structure construction; antenna installation; and radio equipment installation, commissioning, and maintenance.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorReal Estate industryReal Estate employees1,844 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$2.82B
2016-12-31 → 2025-12-31
EPS$9.80
2016-12-31 → 2025-12-31
Free Cash Flow$1.07B
2016-12-31 → 2025-12-31
Net margin34.5%
2016-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend SBAC 5Y avg Peer Median Verdict
P/E (TTM) 17.15Y avg ≈70.5 ≈70.5 · ·
P/S (TTM) 5.95Y avg ≈11.1 ≈11.1 · ·
P/B (MRQ) -3.65Y avg ≈-5.5 ≈-5.5 · ·
EV / EBITDA (TTM) 17.35Y avg ≈25.6 ≈25.6 · ·
Price / FCF (TTM) 16.05Y avg ≈25.7 ≈25.7 · ·
Price / Cash Flow (TTM) 13.15Y avg ≈21.8 ≈21.8 · ·
EV / Revenue (TTM) 10.25Y avg ≈15.9 ≈15.9 · ·
EV / FCF (TTM) 27.85Y avg ≈36.9 ≈36.9 · ·
Price / Tangible Book (MRQ) -2.2 · · ·
PEG Ratio ≈0.1 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Dividend Yield2.9%
Payout Ratio45.5%
Annualized Payout≈$5.00Paid quarterly
5Y Div CAGR≈19.0%Per share, split-adjusted
Growth Streak≈5Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Aug 20, 2026$1.25USD≈2.7%
May 22, 2026$1.25USD≈2.3%
Mar 13, 2026$1.25USD≈2.4%
Nov 13, 2025$1.11USD≈2.3%
Aug 21, 2025$1.11USD≈2.0%
May 22, 2025$1.11USD≈1.8%
Mar 13, 2025$1.11USD≈1.9%
Nov 14, 2024$0.98USD≈1.8%
Aug 22, 2024$0.98USD≈1.7%
May 22, 2024$0.98USD≈1.9%
Mar 13, 2024$0.98USD≈1.6%
Nov 15, 2023$0.85USD≈1.5%
Aug 23, 2023$0.85USD≈1.5%
May 25, 2023$0.85USD≈1.4%
Mar 9, 2023$0.85USD≈1.2%
Nov 16, 2022$0.71USD≈0.96%
Aug 24, 2022$0.71USD≈0.81%
May 18, 2022$0.71USD≈0.82%
Mar 9, 2022$0.71USD≈0.75%
Nov 17, 2021$0.58USD≈0.66%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -7.3%
Next Report Nov 02, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 3, 2026 $1.87 $1.92 -2.4%
March 31, 2026 $1.74 $1.81 -4.1%
Dec. 31, 2025 $3.47 $3.87 -10.3%
Sept. 30, 2025 $2.20 $2.24 -1.8%
June 30, 2025 $2.09 $2.16 -3.2%
March 31, 2025 $1.77 $2.27 -22.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 16
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $2.82B$2.68B$2.71B$2.63B$2.31B$2.08B$2.01B$1.87B$1.73B$1.63B$1.64B$1.53B
Cost of Revenue $199M$119M$140M$223M$159M$103M$119M$96M$87M$421M$444M$428M
Gross Profit $2.12B$2.10B$2.10B$1.96B$1.76B$1.61B$1.52B$1.40B$1.28B$1.21B$1.19B$1.10B
SG&A Expense $278M$259M$268M$262M$220M$194M$193M$143M$131M$143M$115M$103M
Operating Expenses $1.47B$1.24B$1.79B$1.71B$1.53B$1.45B$1.43B$1.32B$1.27B$1.25B$1.33B$1.19B
Operating Income $1.34B$1.44B$924M$925M$782M$634M$583M$544M$459M$387M$312M$337M
Interest Income $32M$42M$18M$10M$3M$3M$6M$7M$11M$11M$4M$677.0K
Other Non-op $366M$-250M$63M$10M$-74M$-222M$14M$-86M$-2M$94M$-139M$11M
Pretax Income $1.24B$773M$549M$526M$253M$-18M$187M$52M$117M$87M$-167M$-16M
Income Tax $188M$24M$51M$66M$15M$-42M$40M$4M$13M$11M$9M$9M
Net Income $1.05B$750M$502M$461M$238M$24M$147M$47M$104M$76M$-176M$-24M
EPS (Basic) $9.83$6.96$4.64$4.27$2.17$0.22$1.30$0.41$0.86$0.61$-1.37$-0.19
EPS (Diluted) $9.80$6.94$4.61$4.22$2.14$0.21$1.28$0.41$0.86$0.61$-1.37$-0.19
Shares (Basic) 107,207,000107,644,000108,204,000107,957,000109,328,000111,532,000112,809,000114,909,000119,860,000124,448,000127,794,000128,919,000
Shares (Diluted) 107,533,000108,080,000108,907,000109,386,000111,177,000113,465,000114,693,000116,515,000121,022,000125,144,000127,794,000128,919,000
EBITDA $1.64B$1.71B$1.64B$1.63B$1.48B$1.36B$1.28B$1.22B$1.10B$1.03B$972M$964M
Balance Sheet 27
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $265M$190M$209M$144M$367M$309M$108M$143M$69M$146M$118M$39M
Short-term Investments $7M$255M$1M$1M$778.0K$700.0K$500.0K··$223.0K$706.0K$6M
Receivables $171M$146M$183M$184M$102M$74M$132M$111M$91M$78M$83M$104M
Prepaid Expense $142M$417M$39M$33M$31M$24M$37M$63M$50M$52M$50M$95M
Other Current Assets $35M$23M$17M$13M$16M$13M$28M$15M$16M$18M··
Current Assets $773M$1.98B$484M$483M$614M$473M$334M$374M$260M$325M$294M$327M
PP&E (Net) $3.40B$2.79B$2.71B$2.71B$2.58B$2.68B$2.79B$2.79B$2.81B$2.79B$2.78B$2.76B
PP&E (Gross) $7.76B$7.07B$6.96B$6.69B$6.28B$6.12B$5.99B$5.71B$5.49B$5.23B$4.98B$4.71B
Accum. Depreciation $4.36B$4.28B$4.25B$3.97B$3.70B$3.45B$3.19B$2.92B$2.68B$2.44B$2.19B$1.95B
Intangibles $2.88B$2.39B$2.46B$2.78B$2.80B$3.16B$3.63B$3.33B$3.60B$3.66B$3.74B$4.19B
Other Non-current Assets $652M$657M$812M$722M$576M$478M$432M$722M$650M$587M$501M$467M
Total Assets $11.58B$11.42B$10.18B$10.59B$9.80B$9.16B$9.76B$7.21B$7.32B$7.36B$7.31B$7.84B
Accounts Payable $73M$60M$42M$51M$34M$110M$32M$34M$33M$28M$27M$43M
Accrued Liabilities $94M$82M$93M$101M$68M$63M$68M$64M$70M$61M$64M$66M
Current Liabilities $2.68B$1.80B$1.36B$697M$616M$615M$1.05B$1.21B$279M$873M$273M$331M
Capital Leases $2.11B$1.90B$1.86B$2.04B$1.98B$2.09B$2.28B$811.0K$850.0K$2M$2M$1M
Deferred Tax ·······$33M$29M$27M$25M$77M
Other Non-current Liabilities $588M$368M$404M$248M$191M$186M$271M$387M$350M$335M$314M$343M
Long-term Debt $12.90B$13.59B$12.32B$12.87B$12.30B$11.10B$10.33B$9.94B$9.31B$8.78B$8.45B$7.86B
Total Debt $12.90B$13.59B$12.32B$12.87B$12.30B$11.10B$10.33B$9.94B$9.31B$8.78B$8.54B$7.86B
Common Stock $1M$1M$1M$1M$1M$1M$1M$1M$1M$1M$1M$1M
Paid-in Capital $3.06B$2.98B$2.89B$2.80B$2.68B$2.59B$2.46B$2.27B$2.17B$2.01B$1.96B$2.06B
Retained Earnings $-7.25B$-7.33B$-7.45B$-7.48B$-7.20B$-6.60B$-5.56B$-5.14B$-4.39B$-3.64B$-3.17B$-2.54B
AOCI $-664M$-760M$-615M$-591M$-762M$-808M$-569M$-512M$-379M$-370M$-502M$-182M
Stockholders' Equity $-4.85B$-5.11B$-5.17B$-5.28B$-5.28B$-4.82B$-3.67B$-3.38B$-2.60B$-2.00B$-1.71B$-661M
Liabilities + Equity $11.58B$11.42B$10.18B$10.59B$9.80B$9.16B$9.76B$7.21B$7.32B$7.36B$7.31B$7.84B
Shares Outstanding 105,666,000107,561,000108,050,000107,997,000108,956,000109,819,000111,775,000112,433,000116,446,000121,004,000125,743,000129,134,000
Cash Flow 14
Metric Trend 202520242023202220212020201920182017201620152014
D&A $292M$270M$716M$708M$700M$722M$697M$672M$643M$638M$660M$627M
Stock-based Comp $76M$74M$88M$100M$84M$69M$73M$42M$38M$33M$29M$23M
Deferred Tax $104M$-13M$5M$33M$-9M$-63M$16M$-15M·$1M$-5.0K$530.0K
Amort. of Intangibles $115M$107M$397M$406M$412M$434M$415M$403M$384M$370M$363M$338M
Other Non-cash $-235M$255M$234M$-16M$176M$374M$53M$89M$33M$-6M$224M$46M
Operating Cash Flow $1.29B$1.33B$1.54B$1.29B$1.19B$1.13B$970M$851M$818M$743M$723M$674M
CapEx $225M$228M$237M$214M$134M$129M$154M$150M$147M$140M$209M$211M
Investing Cash Flow $-602M$-809M$-468M$-1.39B$-1.42B$-446M$-947M$-618M$-605M$-428M$-737M·
Stock Repurchased $498M$200M$100M$432M$583M$859M$467M$796M$855M$546M$450M·
Net Stock Activity $-498M$-200M$-100M$-432M$-583M$-859M$-467M$-796M$-855M$-546M$-450M·
Dividends Paid $479M$424M$370M$307M$254M$208M$83M·····
Financing Cash Flow $-1.66B$646M$-1.02B$-135M$339M$-469M$-62M$-149M$-295M$-289M$76M·
Net Change in Cash $-964M$1.15B$62M$-246M$93M$202M$-37M$74M$-82M$39M$49M$-81M
Free Cash Flow $1.07B$1.11B$1.31B$1.07B$1.06B$997M$816M$701M$671M$603M$528M$460M
Profitability 8
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 75.5%78.3%77.4%74.6%76.4%77.1%75.5%74.9%74.2%74.2%72.9%71.9%
Operating Margin 47.7%53.6%34.1%35.1%33.9%30.4%29.0%29.2%26.5%23.7%19.1%22.0%
Net Margin 37.4%28.0%18.5%17.5%10.3%1.2%7.3%2.5%6.0%4.7%-10.7%-1.6%
Pretax Margin 44.1%28.8%20.2%20.0%10.9%-0.85%9.3%2.8%6.8%5.3%-10.2%-1.0%
EBITDA Margin 58.1%63.6%60.5%62.0%64.2%65.1%63.6%65.2%63.8%62.8%59.4%63.1%
ROA 9.2%6.9%4.8%4.5%2.5%0.25%1.7%0.65%1.4%1.0%-2.3%-0.33%
ROE -21.5%-14.6%-9.7%-8.7%-4.6%-0.52%-4.1%-1.5%-4.5%-4.1%14.8%16.0%
ROIC 14.2%16.4%11.7%10.7%10.5%-13.7%6.9%7.6%6.1%5.0%4.8%7.2%
Liquidity & Solvency 4
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 0.31.10.40.71.00.80.30.30.90.41.11.0
Quick Ratio 0.20.30.30.50.80.60.20.20.60.30.70.5
Debt / Equity -2.7-2.7-2.4-2.4-2.3-2.3-2.8-2.9-3.6-4.4-5.0-11.9
LT Debt / Equity -2.3-2.4-2.3-2.4-2.3-2.3-2.7-2.7-3.6-4.1-5.0-11.8
Efficiency 2
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.20.20.30.30.20.20.20.30.20.20.20.2
Receivables Turnover 17.816.314.818.426.220.216.618.520.420.217.517.4
Per Share 5
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $-45.93$-47.51$-47.86$-48.86$-48.49$-43.93$-32.81$-30.03$-22.32$-16.49$-13.57·
Revenue / Share $26.18$24.79$24.90$24.07$20.77$18.36$17.57$16.01$14.28$13.05··
Cash Flow / Share $12.01$12.35$14.18$11.75$10.70$9.92$8.46$7.30$6.76$5.93··
Cash / Share $2.50$1.76$1.93$1.33$3.37$2.81$0.97$1.28$0.59$1.21$0.94·
EPS (TTM) $9.80$6.94$4.61$4.22$2.14$0.21$1.28$0.41$0.86$0.61$-1.37$-0.19
Growth Rates 10
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5.1%-1.2%3.0%14.1%10.8%·······
Revenue CAGR 3Y 2.2%5.1%9.2%·········
Revenue CAGR 5Y 6.2%···········
EPS YoY 41.2%50.5%9.2%97.2%919.0%·······
EPS CAGR 3Y 32.4%48.0%180.0%·········
EPS CAGR 5Y 115.7%···········
Net Income YoY 40.6%49.4%8.8%94.2%885.8%·······
Net Income CAGR 3Y 31.7%46.7%175.1%·········
Net Income CAGR 5Y 112.9%···········
Dividends Paid CAGR 5Y 18.2%···········
Valuation (TTM) 16
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $2.82B$2.68B$2.71B$2.63B$2.31B$2.08B$2.01B$1.87B$1.73B$1.63B$1.64B$1.53B
Net Income TTM $1.05B$750M$502M$461M$238M$24M$147M$47M$104M$76M$-176M$-24M
Market Cap $20.44B$21.92B$27.41B$30.27B$42.39B$30.98B$26.94B$18.20B$19.02B$12.49B$13.21B·
Enterprise Value $33.07B$35.07B$39.53B$43.00B$54.32B$41.77B$37.16B$28.00B$28.26B$21.12B$21.64B·
P/E 19.729.455.066.4181.81343.5188.3394.9190.0169.3-76.7-582.9
P/S 7.38.210.111.518.414.913.49.811.07.78.1·
P/B -4.2-4.3-5.3-5.7-8.0-6.4-7.3-5.4-7.3-6.3-7.7·
P / Cash Flow 15.816.417.723.535.627.527.821.423.216.817.9·
P / FCF 19.219.821.028.340.131.133.026.028.320.725.0·
EV / EBITDA 20.220.624.126.336.630.829.023.025.720.622.2·
EV / FCF 31.031.730.240.151.441.945.639.942.135.140.9·
EV / Revenue 11.713.114.616.323.520.118.415.016.412.913.2·
Dividend Yield 2.3%1.9%1.4%1.0%0.60%0.67%0.31%·····
Earnings Yield 5.1%3.4%1.8%1.5%0.55%0.07%0.53%0.25%0.53%0.59%-1.3%-0.17%
Payout Ratio 45.5%56.6%73.7%66.5%106.7%861.6%56.7%·····
Annual Payout $479M$424M$370M$307M$254M$208M$83M·····

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $2.82B $2.68B $2.71B $2.63B $2.31B
Gross Margin % 75.5% 78.3% 77.4% 74.6% 76.4%
Operating Margin % 47.7% 53.6% 34.1% 35.1% 33.9%
Net Income $1.05B $750M $502M $461M $238M
Diluted EPS $9.80 $6.94 $4.61 $4.22 $2.14

Institutional owners (13F) 733 filers · $21.4B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 733
Value held $21.4B
New positions 92
Exited positions 66
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
92 (-19 vs prior Q) 66 (-30 vs prior Q) 257 (+44 vs prior Q) 232 (-24 vs prior Q) +4.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $3,462,932,607 17,902,769 16.17% Shares
Dodge & Cox $2,174,561,401 12,323,254 10.15% Shares
BlackRock, Inc. $1,789,083,649 10,138,749 8.35% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,732,318,231 9,817,059 8.09% Shares
VANGUARD CAPITAL MANAGEMENT LLC $1,224,098,079 6,936,972 5.72% Shares
STATE STREET CORP $903,345,325 5,119,264 4.22% Shares
GEODE CAPITAL MANAGEMENT, LLC $558,432,236 3,175,913 2.61% Shares
JPMORGAN CHASE & CO $485,907,672 2,707,005 2.27% Shares
Invesco Ltd. $341,444,454 1,934,968 1.59% Shares
DEUTSCHE BANK AG\ $319,780,813 1,812,200 1.49% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $301,795,656 1,710,278 1.41% Shares
DIMENSIONAL FUND ADVISORS LP $284,337,704 1,611,278 1.33% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $276,754,041 1,568,367 1.29% Shares
NORGES BANK $261,810,879 1,483,684 1.22% Shares
Legal & General Group Plc $252,045,406 1,428,343 1.18% Shares
Diamond Hill Capital Management, LLC (Investment Advisor) $228,366,591 1,294,155 1.07% Shares
NORDEA INVESTMENT MANAGEMENT AB $228,288,967 1,299,681 1.07% Shares
CITADEL ADVISORS LLC $228,131,899 1,292,825 1.07% Shares
MORGAN STANLEY $225,309,121 1,276,825 1.05% Shares
PRINCIPAL FINANCIAL GROUP INC $203,340,262 1,152,311 0.95% Shares
FMR LLC $182,371,747 1,033,501 0.85% Shares
NORTHERN TRUST CORP $175,618,817 995,233 0.82% Shares
Alyeska Investment Group, L.P. $175,058,378 992,057 0.82% Shares
CANADA PENSION PLAN INVESTMENT BOARD $160,195,329 907,828 0.75% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $159,433,927 926,349 0.74% Shares
Long Pond Capital, LP $158,587,249 898,715 0.74% Shares
GOLDMAN SACHS GROUP INC $153,995,342 872,692 0.72% Shares
Mitsubishi UFJ Trust & Banking Corp $144,842,603 820,824 0.68% Shares
BANK OF AMERICA CORP /DE/ $140,393,617 795,612 0.66% Shares
EARNEST PARTNERS LLC $135,516,516 767,973 0.63% Shares
UBS Group AG $132,297,179 749,729 0.62% Shares
MILLENNIUM MANAGEMENT LLC $123,469,238 699,701 0.58% Shares
Nuveen, LLC $108,433,378 614,493 0.51% Shares
Amundi $105,783,992 599,571 0.49% Shares
VANGUARD FIDUCIARY TRUST CO $105,071,695 595,442 0.49% Shares
SEI INVESTMENTS CO $104,429,365 591,794 0.49% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $102,229,807 579,337 0.48% Shares
Permit Capital, LLC $101,519,556 575,312 0.47% Shares
ATLAS Infrastructure Partners (UK) Ltd. $93,951,186 532,422 0.44% Shares
Bank of New York Mellon Corp $93,393,656 529,263 0.44% Shares
Long Pond Capital, LP $86,465,400 490,000 0.40% Call option
Russell Investments Group, Ltd. $82,216,597 465,761 0.38% Shares
RUSH ISLAND MANAGEMENT, LP $80,516,933 456,290 0.38% Shares
AQR CAPITAL MANAGEMENT LLC $72,347,502 413,296 0.34% Shares
Woodline Partners LP $65,648,767 372,032 0.31% Shares
GRS Advisors, LLC $65,090,624 368,869 0.30% Shares
Quantinno Capital Management LP $61,494,759 348,491 0.29% Shares
CI INVESTMENTS INC. $61,196,504 346,801 0.29% Shares
REAVES W H & CO INC $56,901,997 322,464 0.27% Shares
DigitalBridge Group, Inc. $56,512,726 320,258 0.26% Shares

Show all 733 institutional owners →

Activists & 5%+ owners 4 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Richard B. Worley Not Applicable, Permit Capital Telecom, L.P., Permit Capital GP, L.P. 043713293, Permit Capital Gp, Inc. 043713287 ×3 filings Feb. 24, 2004 · Initial filing Passive investment SEC
Richard B. Worley S.S. or, Permit Capital Telecom, L.P. S.S. or, Permit Capital GP, L.P. S.S. or, Permit Capital GP, Inc. S.S. or ×3 filings Dec. 22, 2003 · Initial filing Passive investment SEC
Richard B. Worley, Permit Capital Telecom, L.P., Permit Capital GP, L.P. 043713293, Permit Capital GP, Inc. 043713287 Feb. 28, 2003 · Initial filing Passive investment SEC
Richard B. Worley S.S or I.R.S Identification No. of Above Person: Not Applicable, Permit Capital Telecom, L.P. S.S. or, Permit Capital GP, L.P. S.S. or, Permit Capital GP, Inc. S.S. or Feb. 18, 2003 · Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 32 insiders · 13 officers · 14 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Marc Montagner EVP - CHIEF FINANCIAL OFFICER March 5, 2026 A 6,069 0 0 $0
Anthony J Macaione Senior Vice President and CFO Sept. 10, 2008 M 43,875 0 0 $0
Donald Day EVP - SITE LEASING Aug. 1, 2026 M 9,992 0 0 $0
Saul Kredi VP & Chief Accounting Officer March 5, 2026 A 7,574 0 0 $0
Richard M Cane EVP; PRES. - INTERNATIONAL March 5, 2026 A 12,404 0 0 $0
Joshua Koenig EXECUTIVE VP/GENERAL COUNSEL March 5, 2026 A 10,726 0 0 $0
Mark R Ciarfella EVP - OPERATIONS March 5, 2026 A 42,821 0 0 $0
Brian D Lazarus SVP & CHIEF ACCOUNTING OFFICER March 6, 2024 A 21,250 0 0 $0
Jason V Silberstein EVP - SITE LEASING March 6, 2024 A 43,446 0 0 $0
Dipan D Patel EVP Tech., Strat. & New Bus. March 6, 2023 A 6,540 0 0 $0
Kurt L Bagwell EVP; Pres. - International March 9, 2022 S 29,529 0 0 $0
Thomas P Hunt Executive VP/General Counsel March 4, 2022 A 122,743 0 0 $0
Pamela J Kline VP-Capital Markets & Treasurer Feb. 11, 2004 A · 0 0 $0
George R Krouse Jr Director Aug. 17, 2026 S 8,512 0 1 $-54,801
Laurie Bowen Director May 22, 2026 A 1,072 0 0 $0
Amy E Wilson Director May 22, 2026 A 1,702 0 0 $0
Jay Lecoryelle Johnson Director May 22, 2026 A 1,665 0 0 $0
Mary S Chan Director May 22, 2026 A 6,422 0 0 $0
Kevin L Beebe Director May 22, 2026 A 16,644 0 0 $0
Jeffrey Stoops Director May 22, 2026 A 141,465 0 0 $0
BERNSTEIN STEVEN E Director May 22, 2026 A 7,140 0 0 $0
Fidelma Russo Director May 1, 2023 M 703 0 0 $0
Duncan Cocroft Director May 1, 2023 M 65,842 0 0 $0
Brian C Carr Director May 1, 2021 M 573 0 0 $0
Steven E Nielsen Director March 12, 2009 M 10,000 0 0 $0
Philip L Hawkins Director March 10, 2009 M 3,000 0 0 $0
Donald B Hebb JR Director July 30, 2004 A · 0 0 $0
AAT Holdings, LLC 10% owner May 30, 2006 S 6,512,686 0 0 $0
Jack Langer · May 22, 2026 A 8,704 0 0 $0
Brendan Thomas Cavanagh · March 5, 2026 A 63,782 0 0 $0
John F Fiedor · June 9, 2004 M 0 0 0 $0
Richard W Miller · May 6, 2004 A · 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 119 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
IDGT · iShares Trust 5.40% 151,133 SH Sept. 11, 2026 Daily
SRVR · Pacer Funds Trust 4.32% 88,438 NS July 31, 2026 N-PORT
REAI · Tidal Trust I 4.02% 239 NS July 31, 2026 N-PORT
RSPR · Invesco Exchange-Traded Fund Trust 3.00% 15,573 Oct. 2, 2026 Daily
ICF · iShares Trust 2.27% 246,959 SH Sept. 11, 2026 Daily
RNTY · Tidal Trust II 2.14% 1,033 NS July 31, 2026 N-PORT
FPRO · FIDELITY COVINGTON TRUST 1.54% 1,401 NS July 31, 2026 N-PORT
IYR · iShares Trust 1.45% 327,199 SH Sept. 11, 2026 Daily
DFAR · Dimensional ETF Trust 1.40% 137,491 NS July 31, 2026 N-PORT
DRN · Direxion Shares ETF Trust 1.37% 3,404 NS July 31, 2026 N-PORT
FREL · FIDELITY COVINGTON TRUST 1.24% 102,600 NS July 31, 2026 N-PORT
EPSB · Harbor ETF Trust 1.19% 315 NS July 31, 2026 N-PORT
VNQ · VANGUARD SPECIALIZED FUNDS 0.99% 4,026,541 SH Aug. 19, 2026 Daily
DFGR · Dimensional ETF Trust 0.94% 200,954 NS July 31, 2026 N-PORT
CZA · Invesco Exchange-Traded Fund Trust 0.91% 11,630 Oct. 2, 2026 Daily
EPMB · Harbor ETF Trust 0.86% 217 NS July 31, 2026 N-PORT
PABU · iShares Trust 0.59% 80,816 SH Sept. 11, 2026 Daily
SOVF · Elevation Series Trust 0.44% 2,130 NS July 31, 2026 N-PORT
VOT · VANGUARD INDEX FUNDS 0.41% 812,542 SH Aug. 19, 2026 Daily
BSCU · Invesco Exchange-Traded Self-Indexe… 0.36% 10,099,000 Oct. 2, 2026 Daily
BSCR · Invesco Exchange-Traded Self-Indexe… 0.34% 15,723,000 Oct. 2, 2026 Daily
BSCT · Invesco Exchange-Traded Self-Indexe… 0.32% 10,084,000 Oct. 2, 2026 Daily
PWS · Pacer Funds Trust 0.32% 427 NS July 31, 2026 N-PORT
GTOS · Invesco Actively Managed Exchange-T… 0.30% 353,000 Oct. 2, 2026 Daily
NFRA · FlexShares Trust 0.27% 44,208 NS July 31, 2026 N-PORT
EVUS · iShares Trust 0.24% 5,031 SH Sept. 11, 2026 Daily
ESLG · Strategy Shares 0.24% 304 NS July 31, 2026 N-PORT
NUMV · Nushares ETF Trust 0.20% 4,972 NS July 31, 2026 N-PORT
EUSA · iShares, Inc. 0.20% 21,391 SH Sept. 11, 2026 Daily
REVS · Columbia ETF Trust I 0.19% 3,561 NS July 31, 2026 N-PORT
IWS · iShares Trust 0.19% 157,400 SH Sept. 11, 2026 Daily
VO · VANGUARD INDEX FUNDS 0.18% 2,298,375 SH Aug. 19, 2026 Daily
RSP · Invesco Exchange-Traded Fund Trust 0.17% 1,045,146 Oct. 2, 2026 Daily
SIZE · iShares Trust 0.17% 3,977 SH Sept. 11, 2026 Daily
KNCT · Invesco Exchange-Traded Fund Trust 0.17% 1,772 Oct. 2, 2026 Daily
IMCV · iShares Trust 0.15% 9,596 SH Sept. 11, 2026 Daily
NEAR · iShares U.S. ETF Trust 0.15% 7,760,000 SH Sept. 11, 2026 Daily
ESGU · iShares Trust 0.15% 144,600 SH Sept. 11, 2026 Daily
IWR · iShares Trust 0.14% 432,510 SH Sept. 11, 2026 Daily
ESUM · Strategy Shares 0.14% 1,395 NS July 31, 2026 N-PORT
IMCB · iShares Trust 0.13% 12,397 SH Sept. 11, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.13% 6,762 Oct. 2, 2026 Daily
FQAL · FIDELITY COVINGTON TRUST 0.12% 9,394 NS July 31, 2026 N-PORT
IMCG · iShares Trust 0.12% 25,974 SH Sept. 11, 2026 Daily
XOEF · iShares Trust 0.11% 135 SH Sept. 11, 2026 Daily
RECS · Columbia ETF Trust I 0.10% 31,744 NS July 31, 2026 N-PORT
USXF · iShares Trust 0.08% 6,305 SH Sept. 11, 2026 Daily
VUG · VANGUARD INDEX FUNDS 0.07% 1,449,237 SH Aug. 19, 2026 Daily
OMFL · Invesco Exchange-Traded Self-Indexe… 0.07% 19,739 Oct. 2, 2026 Daily
IVE · iShares Trust 0.06% 175,960 SH Sept. 11, 2026 Daily
VEGN · ETF Series Solutions 0.06% 619 NS July 31, 2026 N-PORT
IUSV · iShares Trust 0.06% 92,560 SH Sept. 11, 2026 Daily
VOOV · VANGUARD ADMIRAL FUNDS 0.06% 24,344 SH Aug. 19, 2026 Daily
IQSU · New York Life Investments ETF Trust 0.06% 1,026 NS July 31, 2026 N-PORT
SUSL · iShares Trust 0.06% 3,712 SH Sept. 11, 2026 Daily
DSI · iShares Trust 0.05% 16,112 SH Sept. 11, 2026 Daily
DIVB · iShares Trust 0.05% 5,996 SH Sept. 11, 2026 Daily
IWD · iShares Trust 0.05% 233,845 SH Sept. 11, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.05% 63,547 SH Aug. 19, 2026 Daily
GLBL · Pacer Funds Trust 0.05% 3 NS July 31, 2026 N-PORT
EGLE · Global X Funds 0.04% 5 NS July 31, 2026 N-PORT
USCL · iShares Trust 0.04% 5,676 SH Sept. 11, 2026 Daily
TOPC · iShares Trust 0.03% 63 SH Sept. 11, 2026 Daily
XYLG · Global X Funds 0.03% 122 NS July 31, 2026 N-PORT
CHRI · Global X Funds 0.03% 15 NS July 31, 2026 N-PORT
CATH · Global X Funds 0.03% 2,372 NS July 31, 2026 N-PORT
XYLD · Global X Funds 0.03% 5,850 NS July 31, 2026 N-PORT
XVV · iShares Trust 0.03% 1,204 SH Sept. 11, 2026 Daily
ILCV · iShares Trust 0.03% 2,276 SH Sept. 11, 2026 Daily
XCLR · Global X Funds 0.03% 6 NS July 31, 2026 N-PORT
VOO · VANGUARD INDEX FUNDS 0.03% 2,755,058 SH Aug. 19, 2026 Daily
VV · VANGUARD INDEX FUNDS 0.03% 123,815 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.03% 3,368,485 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.03% 17,373 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.03% 8,874 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.03% 23,822 SH Aug. 19, 2026 Daily
TOV · EA Series Trust 0.03% 422 NS July 31, 2026 N-PORT
PTLC · Pacer Funds Trust 0.03% 5,408 NS July 31, 2026 N-PORT
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.03% 14,613 NS July 31, 2026 N-PORT
VOTE · TCW ETF Trust 0.03% 1,793 NS July 31, 2026 N-PORT
IVV · iShares Trust 0.03% 1,336,638 SH Sept. 11, 2026 Daily
BKLC · BNY Mellon ETF Trust 0.03% 8,755 NS July 31, 2026 N-PORT
ILCB · iShares Trust 0.03% 2,053 SH Sept. 11, 2026 Daily
ESG · FlexShares Trust 0.03% 210 NS July 31, 2026 N-PORT
XRMI · Global X Funds 0.03% 78 NS July 31, 2026 N-PORT
VOXP · Advisors Series Trust 0.03% 9 NS July 31, 2026 N-PORT
IYY · iShares Trust 0.03% 4,584 SH Sept. 11, 2026 Daily
IUS · Invesco Exchange-Traded Self-Indexe… 0.03% 1,679 Oct. 2, 2026 Daily
SPUU · Direxion Shares ETF Trust 0.03% 400 NS July 31, 2026 N-PORT
IWB · iShares Trust 0.03% 72,564 SH Sept. 11, 2026 Daily
QDPL · Pacer Funds Trust 0.03% 2,555 NS July 31, 2026 N-PORT
ILCG · iShares Trust 0.03% 4,603 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.03% 29,263 SH Sept. 11, 2026 Daily
XTR · Global X Funds 0.03% 7 NS July 31, 2026 N-PORT
ITOT · iShares Trust 0.03% 138,183 SH Sept. 11, 2026 Daily
PBP · Invesco Exchange-Traded Fund Trust 0.03% 629 Oct. 2, 2026 Daily
PBUS · Invesco Exchange-Traded Fund Trust … 0.03% 18,385 Oct. 2, 2026 Daily
GTO · Invesco Actively Managed Exchange-T… 0.02% 753,000 Oct. 2, 2026 Daily
HCMT · Direxion Shares ETF Trust 0.02% 740 NS July 31, 2026 N-PORT
SPXL · Direxion Shares ETF Trust 0.02% 8,290 NS July 31, 2026 N-PORT
TOK · iShares Trust 0.02% 286 SH Sept. 11, 2026 Daily
PHDG · Invesco Actively Managed Exchange-T… 0.02% 84 Oct. 2, 2026 Daily
TILT · FlexShares Trust 0.02% 2,592 NS July 31, 2026 N-PORT
URTH · iShares, Inc. 0.02% 9,696 SH Sept. 11, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.02% 12,870 Oct. 2, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.02% 90,581 SH Aug. 19, 2026 Daily
ACWI · iShares Trust 0.02% 32,947 SH Sept. 11, 2026 Daily
CRBN · iShares Trust 0.02% 1,112 SH Sept. 11, 2026 Daily
ACVF · ETF Opportunities Trust 0.01% 106 NS July 31, 2026 N-PORT
RWL · Invesco Exchange-Traded Fund Trust … 0.01% 7,662 Oct. 2, 2026 Daily
VGHY · VANGUARD FIXED INCOME SECURITIES FU… · · July 15, 2026 Daily
BSV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BND · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VPLS · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VSDB · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VGMS · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VCSH · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
BNDW · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily

SBAC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 27 analysts BUY
Median target $224.50 +41.6%
4 14.8% Strong Buy
13 48.1% Buy
10 37.0% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

20 analysts · 2026-09-29

Mean target $225.90 +42.5%

← Below all targets Current price $158.49
Low$167.00 Mean$225.90 High$280.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
SBAC $20.44B 19.7 5.1% 37.4% -21.5% 75.5%
AMT $81.87B 32.5 5.1% 24.7% 74.7% ·
CCI $38.66B 88.0 -4.4% 10.4% -29.4% ·

Latest News Recent headlines mentioning this company

23

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

25

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Source: SEC 10-Q filed Aug 6, 2026