SBA Communications Corporation

Symbol: SBAC
CIK: 1034054
Exchange: NASDAQ
Founded: 1989 (30 years)
HQ: Boca Raton, FL, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Infrastructure

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See SBAC on SEC.gov

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Overall Score: 6.0

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 19, 2019


Open Price: $236.47
Closing Price: $239.99
Price Change: 3.83 (1.622%)
Lowest Price: $234.66
Highest Price: $240.83

52-Week Low: $155.19
52-Week High: $270.42
52-Week Change: 36.40%

5 Day Price Change: 4.32%
1 Month Price Change: -3.93%
3 Month Price Change: -9.46%
6 Month Price Change: 16.20%
YTD Price Change: 46.91%
1 Year Price Change: 36.40%
2 Year Price Change: 43.20%
5 Year Price Change: 106.51%

Dividend of Trading Day November 19, 2019


Dividend Yield: 0.154%* [Dividends Currently Suspended]
Annualized Dividend: $0.37*
Dividend Yield (TTM): 0.157%
Annualized Dividend (TTM): $0.37
Ex Dividend Date: 2019-11-20
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Key Stats of Trading Day November 19, 2019


Total Cash: $175,908,000
Current Debt: $942,588,000
Revenue: $1,865,695,000
Gross Profit: $722,798,000
Total Revenue: $1,865,695,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,254,374,000
Revenue Per Share: $17
Revenue Per Employee: $1,385,074
Employee: 1,347
Debt to Equity Ratio (D/E): -2.94
Profit Margin: 0.03%
Enterprise Value (EV): $36,479,218,260
Enterprise Value to Revenue (EV/R): 19.55
Price to Sales (P/S): 14.32
Price to Book (P/B): -7.91
Peg Ratio: 5.53
P/E Ratio: 199.69
P/E High: 225.35
P/E Low: 129.33
Forward P/E Ratio: 211.84
Market Capitalization: $27,023,113,990
Beta: 0.43
Latest Volume: 486,851.00
Avg. Total Volume: 603,507
Avg. 10 Volume: 570,008.10
Avg. 30 Volume: 603,507.47
TTM EPS: 1.20
TTM Dividend Rate: 0.37
Shares Outstanding: 112,601,000
Float: 111,332,549.74
50-Day Moving Avg.: 240.60
200-Day Moving Avg.: 222.70

Latest REIT Community Comments on #SBAC


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Properties Owned by SBAC


Properties owned:
1000000
Types:
1
States:
50
Countries:
13
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
SBAC Sample Property
Please visit this REIT’s official webpage to learn more.

Dividend History [Dividends Currently Suspended]


Below are the most recent cash dividends paid by SBAC, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 0 0 141,496,000 175,908,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 2,375,000 2,392,000
Property, Plant & Equipment Net 5,212,988,000 5,264,181,000 5,313,629,000 2,786,355,000
Goodwill 0 0 0 0
Intangible Assets 0 0 3,258,952,000 3,331,465,000
Other Assets 418,957,000 499,726,000 65,780,000 381,931,000
Net Tangible Assets -3,560,374,000 -3,339,346,000 -9,392,551,000 -9,441,098,000
Total Assets 9,201,138,000 9,269,415,000 9,312,759,000 7,213,707,000
Accounts Payable 0 0 0 0
Liabilities (Other) 751,421,000 448,945,000 1,552,131,000 1,541,963,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 24,000,000 943,161,000 942,442,000 942,588,000
Long-term Debt 11,996,014,000 10,984,974,000 11,063,409,000 8,996,825,000
Total Liabilities 12,747,435,000 12,608,761,000 12,615,540,000 10,590,530,000
Minority Interest 87,000 0 0 0
Common Stock 112,604,000 1,131,000 1,132,000 1,124,000
Retained Earnings -5,387,091,000 -5,193,985,000 -5,131,347,000 -5,136,368,000
Treasury Stock 0 0 0 0
Capital Surplus 2,446,369,000 2,408,385,000 2,359,195,000 2,270,326,000
Shareholder Equity -3,560,374,000 -3,339,346,000 -3,302,781,000 -3,376,823,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 507,547,000 500,147,000 493,293,000 483,849,000
Cost of Revenue 298,496,000 296,012,000 295,164,000 292,191,000
Gross Profit 209,051,000 204,135,000 198,129,000 191,658,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 340,768,000 351,536,000 348,423,000 327,817,000
Operating Income 64,393,000 45,397,000 142,770,000 156,032,000
Income Expense Net (Other) -45,629,000 2,184,000 -106,574,000 -83,002,000
EBIT 64,393,000 45,397,000 142,770,000 156,032,000
Interest Income 102,386,000 103,214,000 104,369,000 103,601,000
Pretax Income 18,764,000 47,581,000 36,196,000 73,030,000
Income Tax -3,002,000 15,608,000 10,207,000 15,878,000
Minority Interest 87,000 0 0 0
Net Income 21,679,000 31,973,000 25,989,000 57,152,000
Net Income Basic 21,679,000 31,973,000 25,989,000 57,152,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 21,679,000 31,973,000 25,989,000 57,152,000
Depreciation 0 0 171,349,000 167,899,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 0 0 -34,429,000 14,976,000
Cash Flow 0 0 222,665,000 226,475,000
Capital Expenditures 0 0 -36,374,000 -44,846,000
Investments 0 0 504,000 -2,160,000
Investing Activity (Other) 0 0 0 -3,030,000
Total Investing Cash Flows 0 0 -84,976,000 -98,030,000
Dividends Paid 0 0 0 0
Net Borrowings 257,000,000 215,000,000 -215,000,000 198,941,000
Cash Flow Financing 257,000,000 215,000,000 -158,047,000 -117,348,000
Financing Cash Flows (Other) 0 0 -6,522,000 25,753,000
Exchange Rate Effect 0 0 -14,071,000 3,879,000

About SBA Communications Corporation


SBA Communications Corporation (SBA) is an independent owner and operator of wireless communications infrastructure – that includes towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. SBA supports wireless technologies that keep people, businesses and municipalities connected. Founded in 1989 and headquartered in Boca Raton, Florida, SBA has operations and offices across North, Central and South America. SBA is listed on NASDAQ under the symbol: SBAC and the organization is also part of the S&P 500. Also, SBA is among one of the top 20 Real Estate Investment Trusts (REIT) based on market capitalization.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
6 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.0
Rating Leverage Section Avg. Rating
2 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
0 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
3 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
6.0 Overall REITRating™ Score 6.5

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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