SBAC Stock Recent News

SBA Communications is a cell tower REIT with a market cap of $26 billion. The company has both domestic and international towers, with domestic towers representing a larger portion of the total value. SBAC has demonstrated strong organic growth in tower leasing and has delivered excellent growth in FFO and AFFO per share.

SBA Communications (SBAC) is likely to benefit from the rising global demand for wireless connectivity and its asset buyouts. Yet, notable customer concentration and high interest rates are key woes.

SBA Communications' (SBAC) Q3 results reflect year-over-year site-leasing revenue growth on healthy leasing activity amid elevated tower space demand. The company has also raised its 2023 outlook.

SBA Communications Corporation (SBAC) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for SBA Communications (SBAC) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Cell tower REITs have dropped more than their retail peers due to their historical low yields. If the Fed decides to hike rates at the next meeting, this could cause a further sell-off in the sector. SBAC has a strong balance sheet, and has been focusing on paying down debt with the recent pause of share buybacks.

Investors need to pay close attention to SBA Communications (SBAC) stock based on the movements in the options market lately.

BOCA RATON, Fla,--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its third quarter results on Thursday, November 2, 2023 after market close. SBA will host a conference call on Thursday, November 2, 2023 to discuss these results. The call may be accessed as follows: When:   Thursday, November 2, 2023 at 5:00 PM (EDT)       Dial-in Number:   877-692-8955       Access Code:   435962       Conference Name:   SBA Third Quarter 2023 Resu.

SBA Communications (SBAC) is seeing high demand and leasing for its towers amid rising investments in 5G networks. However, a high-leveraged balance sheet may impede cash flow generation.

The robust demand for wireless communication assets amid rising data usage, expansion efforts and a solid balance sheet imply an optimistic near-term scenario for SBA Communications (SBAC).