SBA Communications Corporation | REIT Profile

Symbol: SBAC
CIK: 1034054
Exchange: NASDAQ
Founded: 1989 (32 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: 7.1

See score breakdown | See trend

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


SBA Communications Corporation Company Logo

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Hightlights of Trading Day December 6, 2021


Open Price: $349.15
Closing Price: $348.16
Price Change: -0.53 (-0.152%)
Lowest Price: $346.79
Highest Price: $356.8

52-Week Low: $231.09
52-Week High: $368.94
52-Week Change: 22.67%

5 Day Price Change: -0.67%
1 Month Price Change: 1.47%
3 Month Price Change: -4.70%
6 Month Price Change: 11.87%
YTD Price Change: 24.55%
1 Year Price Change: 22.67%
2 Year Price Change: 49.87%
5 Year Price Change: 232.69%

Dividend of Trading Day December 6, 2021


Dividend Yield: 0.666%*
Annualized Dividend: $2.32*
Dividend Yield (TTM): 0.664%
Annualized Dividend (TTM): $2.314
Ex-Dividend Date: 2021-11-17
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. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day December 6, 2021


Total Cash: $187,806,000
Current Debt: $592,024,000
Revenue: $2,249,477,000
Gross Profit: $1,715,928,000
Total Revenue: $2,249,477,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,511,972,000
Revenue Per Share: $21
Revenue Per Employee: N/A
Employee: 2,020
Debt to Equity Ratio (D/E): -1.95
Profit Margin: 0.13%
Enterprise Value (EV): $50,612,650,928
Enterprise Value to Revenue (EV/R): 22.50
Price to Sales (P/S): 17.32
Price to Book (P/B): -7.86
Price/Earnings-to-Growth (PEG) Ratio: 0.06
P/E Ratio: 131.88
P/E High: 541.33
P/E Low: 397.60
Forward P/E Ratio: 118.10
Market Capitalization: $38,142,129,848
Beta: 0.56
Latest Volume: 867,251
Avg. Total Volume: 524,184
Avg. 10-Day Volume: 790,701
Avg. 30-Day Volume: 524,184
TTM EPS: 2.64
Shares Outstanding: 109,553,452
Float: N/A
50-Day Moving Avg.: $345.91
200-Day Moving Avg.: $337.30

Latest REIT Community Comments on #SBAC


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Properties Owned by SBAC


Properties Based on REIT's Official Presentation

Properties Types States Countries
1,000,000 1 50 13

Please visit REIT’s official webpage for the most up-to-date property list.

SBAC Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $237.71 per share you would have been able to buy 4 shares of SBAC on 2020-12-07 costing $950.84 @ $237.71 per share you would have been able to buy 2 shares of SBAC on 2020-12-07 costing $475.42 @ $237.71 per share you would have been able to buy 1 shares of SBAC on 2020-12-07 costing $237.71 @ $237.71 per share you would have been able to buy 0 shares of SBAC on 2020-12-07 costing $0.00 @ $237.71 per share you would have been able to buy 0 shares of SBAC on 2020-12-07 costing $0.00
Current worth On 2021-12-06 these 4 shares would be worth $1,392.64 @ $348.16 On 2021-12-06 these 2 shares would be worth $696.32 @ $348.16 On 2021-12-06 these 1 shares would be worth $348.16 @ $348.16 On 2021-12-06 these 0 shares would be worth $0.00 @ $348.16 On 2021-12-06 these 0 shares would be worth $0.00 @ $348.16
Dividends earned $11.14 in dividends would have been earned since 2020-12-07 with 4 shares. $6 in dividends would have been earned since 2020-12-07 with 2 shares. $2.79 in dividends would have been earned since 2020-12-07 with 1 shares. $0.00 in dividends would have been earned since 2020-12-07 with 0 shares. $0.00 in dividends would have been earned since 2020-12-07 with 2 shares.
Net (gain / loss)* 452.94 USD 226.47 USD 113.24 USD 0.00 USD 0.00 USD
ROI** 47.64% 47.64% 47.64% nan% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by SBAC. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
SBAC 2021-11-17 0.580 --- 2021-11-01 2021-11-18 2021-12-16
SBAC 2021-08-25 0.580 --- 2021-08-02 2021-08-26 2021-09-23
SBAC 2021-05-19 0.580 --- 2021-04-26 2021-05-20 2021-06-15
SBAC 2021-03-09 0.580 24.73% 2021-02-22 2021-03-10 2021-03-26
SBAC 2020-11-18 0.465 --- 2020-11-02 2020-11-19 2020-12-17
SBAC 2020-08-24 0.465 --- 2020-08-03 2020-08-25 2020-09-22
SBAC 2020-05-27 0.465 --- 2020-05-05 2020-05-28 2020-06-18
SBAC 2020-03-09 0.465 25.68% 2020-02-19 2020-03-10 2020-03-26
SBAC 2019-11-20 0.370 --- 2019-10-25 2019-11-21 2019-12-19
SBAC 2019-08-27 0.370 --- 2019-07-29 2019-08-28 2019-09-25

Financial Statements Overview


The next Earnings Report for SBAC is 2022-02-24

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 187,806,000 273,803,000 176,622,000 308,560,000
Receivables 116,936,000 119,213,000 124,739,000 108,884,000
Inventory 0 0 0 0
Current Assets 403,788,000 482,226,000 389,927,000 472,990,000
Current Assets (Other) 35,310,000 26,840,000 25,640,000 23,875,000
Short Term Investments 35,310,000 26,840,000 25,640,000 23,875,000
Long-term Investments 9,264,294,000 9,478,087,000 9,373,533,000 8,685,028,000
Property, Plant & Equipment Net 2,580,262,000 2,625,097,000 2,608,526,000 2,677,326,000
Goodwill 0 0 0 0
Intangible Assets 2,906,855,000 3,051,616,000 2,984,098,000 3,156,150,000
Other Assets 1,379,755,000 1,357,178,000 1,350,822,000 366,695,000
Net Tangible Assets -7,865,160,000 -7,891,358,000 -8,029,275,000 -7,980,532,000
Total Assets 9,668,082,000 9,960,313,000 9,763,460,000 9,158,018,000
Accounts Payable 34,790,000 34,602,000 33,610,000 109,969,000
Liabilities (Other) 183,553,000 185,594,000 179,068,000 186,246,000
Current Liabilities (Other) 533,234,000 567,404,000 503,154,000 479,400,000
Total Current Liabilities 592,024,000 626,006,000 560,764,000 614,801,000
Current Long-term Debt 24,000,000 24,000,000 24,000,000 25,432,000
Long-term Debt 11,822,536,000 11,908,447,000 12,019,757,000 11,073,806,000
Total Liabilities 14,626,387,000 14,800,055,000 14,808,637,000 13,982,400,000
Minority Interest 15,177,000 15,177,000 13,677,000 15,194,000
Common Stock 109,577,000 109,412,000 109,469,000 110,699,000
Retained Earnings -6,890,822,000 -6,759,382,000 -6,848,313,000 -6,604,028,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity -4,958,305,000 -4,839,742,000 -5,045,177,000 -4,824,382,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 589,305,000 575,528,000 548,739,000 535,905,000
Cost of Revenue 140,023,000 135,759,000 129,774,000 127,993,000
Gross Profit 449,282,000 439,769,000 418,965,000 407,912,000
Research and Development 0 0 0 0
Selling General and Admin 51,000,000 53,945,000 51,601,000 47,410,000
Operating Expense 361,939,000 365,173,000 365,256,000 355,786,000
Operating Income 227,366,000 210,355,000 183,483,000 180,119,000
Income Expense Net (Other) 0 0 0 0
EBIT 227,366,000 210,355,000 183,483,000 180,119,000
Interest Income 100,074,000 101,809,000 101,267,000 97,708,000
Pretax Income 36,964,000 199,919,000 -32,667,000 140,534,000
Income Tax -10,834,000 47,250,000 -20,922,000 34,348,000
Minority Interest 0 0 0 405,000
Net Income 47,798,000 152,669,000 -11,745,000 105,781,000
Net Income Basic 47,798,000 152,669,000 -11,745,000 105,781,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 47,798,000 152,669,000 -11,745,000 105,781,000
Depreciation 170,916,000 175,469,000 183,881,000 721,970,000
Changes in Receivables 116,936,000 119,213,000 124,739,000 108,884,000
Changes in Inventories 0 0 0 0
Cash Change 187,806,000 273,803,000 176,622,000 308,560,000
Cash Flow 253,048,000 352,784,000 285,498,000 243,125,000
Capital Expenditures -35,032,000 -30,839,000 -24,536,000 -128,566,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -93,068,000 -108,170,000 -1,076,584,000 -92,988,000
Dividends Paid 0 0 0 0
Net Borrowings 11,623,420,000 11,631,804,000 11,841,495,000 10,766,803,000
Cash Flow Financing 854,006,000 155,949,000 -701,343,000 -154,767,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

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
2 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
6 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
7 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.8
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.5
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
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. 6.2
7 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
5 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.3
7.1 Overall REITRating™ Score (See trend) 6.2

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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Last updated: 2021-12-07 - v2.4