SBA Communications Corporation | REIT Profile
Symbol: SBAC
CIK: 1034054
Exchange: NASDAQ
Founded: 1989 (37 years)
HQ: Boca Raton, FL, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Infrastructure
REITRating™ Score: 6.2
See SBAC on Yahoo Finance
See SBAC on SEC.gov
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SBA Communications Corporation (SBA) is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. Founded in 1989 and headquartered in Boca Raton, Florida, SBA has operations and offices in sixteen markets throughout the Americas, Africa and the Philippines. We are listed on NASDAQ under the symbol SBAC and our organization is part of the S&P 500. SBA is also one of the top Real Estate Investment Trusts (REITs) based on market capitalization.
Stock Chart
Dividend of Trading Day 2026-04-30
Annualized Dividend: $5*
Dividend Yield (TTM): 2.1%
Annualized Dividend (TTM): $4.58
Ex-Dividend Date: 2026-03-13
Dividend Date: 2026-03-27
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 REIT Press Releases
- SBA - SBA Communications Corporation Reports First Quarter 2026 Results; Updates Full Year 2026 Outlook; and Declares Quarterly Cash Dividend - Wed, 29 Apr 2026 20:01:36 UTC
- SBA - SBA Communications Corporation Sets Date for First Quarter 2026 Earnings Release - Wed, 15 Apr 2026 13:39:29 UTC
- SBA - SBA Communications Corporation Reports Fourth Quarter 2025 Results; Provides Full Year 2026 Outlook; and Declares Quarterly Cash Dividend - Thu, 26 Feb 2026 21:01:46 UTC
- SBA - SBA Communications Corporation Sets Date for Fourth Quarter 2025 Earnings Release - Tue, 03 Feb 2026 14:37:53 UTC
- SBA - SBA Communications Corporation Announces Tax Reporting Information for 2025 Distributions - Mon, 19 Jan 2026 15:22:07 UTC
Funds From Operations (FFO)
FFO Amount and Payout Ratio
Below are the FFO amounts, dividends, and payout ratios for the last two quarters for SBAC. Compare FFO to other REITs at REITFFO.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2025 | Q4 | AFFO | $3.18 | $1.11 | 34.91% |
| 2025 | Q3 | AFFO | $3.30 | $1.11 | 33.64% |
REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information. The “Payout Ratio” is calculated by dividing the “Dividends Paid” column by the “FFO Amount” column. Some REITs may have two types of FFO (eg. FFO and Modified FFO) while others may have just one type of FFO.
Dividend to FFO & AFFO Payout Ratio
REITNotes' Dividend to FFO Payout Ratio graph is based on the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.
Stock Price to FFO & AFFO Multiples (TTM)
REITNotes' Price to FFO (P/FFO) Multiples graph is calculated by dividing the REIT’s closing stock price for the day by the Trailing Twelve Month (TTM) Funds from Operations (FFO). For some REITs we also display the Price-to-Adjusted Funds From Operations (P/AFFO), Price-to-Core FFO (P/CFFO), Price-to-Normalized FFO (P/NFFO), Price-to-Modified FFO (P/MFFO), Price-to-Operating (P/FFO), depending on the data provided in the REIT’s Quarterly Earning Reports.
As you may be familiar with, the price-to-earnings ratio (P/E ratio) is a useful tool for investors to gauge the market's valuation of a company’s stock price. The price-to-FFO ratio (or multiple) is a comparable measure used in the REIT industry that compares the REIT’s stock price to its FFO per share instead of its earnings per share (EPS).
Key Stats of Trading Day 2026-04-30
EBITDA: $1,810,644,000 [?]
P/E (Price-to-Earnings) Ratio: 22.02 [?]
PEG (Price/Earnings to Growth) Ratio: 4.89 [?]
Book Value: -45.93 [?]
Dividend Per Share (DPS): $4.44 [?]
Earnings Per Share (EPS): 9.81 [?]
Revenue Per Share (TTM): $26.26 [?]
Profit Margin: 37.40% [?]
Operating Margin (TTM): 52.40% [?]
Return on Equity (TTM): N/A [?]
Revenue (TTM): $2,815,139,000 [?]
Gross Profit (TTM): $2,096,847,000 [?]
Diluted EPS (TTM): $9.81 [?]
Quarterly Earnings Growth YOY: 115.60% [?]
Quarterly Revenue Growth YOY: 3.70% [?]
Trailing P/E: 22.02 [?]
Forward P/E: 24.45 [?]
Beta: 0.88 [?]
Price-to-Book (P/B): 91.04 [?]
Enterprise Value (EV) to Revenue: 13.54 [?]
EV to EBITDA: 18.96x [?]
Shares Outstanding: 106,062,000 [?]
52 Week High: $239.81 [?]
52 Week Low: $162.41 [?]
50 Day Moving Average: $198.03 [?]
200 Day Moving Average: $199.16 [?]
Properties Owned by SBAC
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 | @ $240.74 per share you would have been able to buy 4 shares of SBAC on 2025-05-01 costing $962.96 | @ $240.74 per share you would have been able to buy 2 shares of SBAC on 2025-05-01 costing $481.48 | @ $240.74 per share you would have been able to buy 1 shares of SBAC on 2025-05-01 costing $240.74 | @ $240.74 per share you would have been able to buy 0 shares of SBAC on 2025-05-01 costing $0.00 | @ $240.74 per share you would have been able to buy 0 shares of SBAC on 2025-05-01 costing $0.00 |
| Current worth | On 2026-04-30 these 4 shares would be worth $884.80 @ $221.20 | On 2026-04-30 these 2 shares would be worth $442.40 @ $221.20 | On 2026-04-30 these 1 shares would be worth $221.20 @ $221.20 | On 2026-04-30 these 0 shares would be worth $0.00 @ $221.20 | On 2026-04-30 these 0 shares would be worth $0.00 @ $221.20 |
| Dividends earned | $23.32 in dividends would have been earned since 2025-05-01 with 4 shares. | $12 in dividends would have been earned since 2025-05-01 with 2 shares. | $5.83 in dividends would have been earned since 2025-05-01 with 1 shares. | $0.00 in dividends would have been earned since 2025-05-01 with 0 shares. | $0.00 in dividends would have been earned since 2025-05-01 with 2 shares. |
| Net (gain / loss)* | -54.84 USD | -27.42 USD | -13.71 USD | 0.00 USD | 0.00 USD |
| ROI** | -5.69% | -5.69% | -5.69% | 0.00% | 0.00% |
*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 | 2026-05-22 | 1.250 | --- | 2026-04-29 | 2026-05-22 | 2026-06-17 |
| SBAC | 2026-03-13 | 1.250 | 12.61% | 2026-02-26 | 2026-03-13 | 2026-03-27 |
| SBAC | 2025-11-13 | 1.110 | --- | 2025-11-02 | 2025-11-13 | 2025-12-11 |
| SBAC | 2025-08-21 | 1.110 | --- | 2025-08-03 | 2025-08-21 | 2025-09-18 |
| SBAC | 2025-05-22 | 1.110 | --- | 2025-04-28 | 2025-05-22 | 2025-06-17 |
| SBAC | 2025-03-13 | 1.110 | 13.27% | 2025-02-24 | 2025-03-13 | 2025-03-27 |
| SBAC | 2024-11-14 | 0.980 | --- | 2024-10-27 | 2024-11-14 | 2024-12-12 |
| SBAC | 2024-08-22 | 0.980 | --- | 2024-07-29 | 2024-08-22 | 2024-09-18 |
| SBAC | 2024-05-22 | 0.980 | --- | 2024-04-29 | 2024-05-23 | 2024-06-19 |
| SBAC | 2024-03-13 | 0.980 | 15.29% | 2024-02-26 | 2024-03-14 | 2024-03-28 |
| SBAC | 2023-11-15 | 0.850 | --- | 2023-11-02 | 2023-11-16 | 2023-12-14 |
| SBAC | 2023-08-23 | 0.850 | --- | 2023-07-31 | 2023-08-24 | 2023-09-20 |