simplyStocks
SBA Communications
SBAC · NASDAQReal Estate (Tower REIT)
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
$21B
P/E ratio
23×
Div yield
2.4%
Dividend / yr
$5.00
Revenue (Q1)
~$703M
Towers
46,000+
US big-3 rent
~66%
Intl markets
12 + Africa
In plain English
SBA Communications owns more than 46,000 cell towers across the Americas and Africa and rents antenna space on them to wireless carriers — in the US to T-Mobile, AT&T and Verizon, who together pay about two-thirds of its revenue. Unlike US-focused Crown Castle, SBA is heavily international: it just bought ~7,000 towers from Millicom across Central America for ~$925M, and roughly two-thirds of its sites now sit in 12 overseas markets. It pays out the rent as a fast-growing dividend.
In simple terms
What SBA Communications really sells
SBA Communications owns more than 46,000 cell towers across the Americas and Africa and rents antenna space on them to wireless carriers — in the US to T-Mobile, AT&T and Verizon, who together pay about two-thirds of its revenue. Unlike US-focused Crown Castle, SBA is heavily international: it just bought ~7,000 towers from Millicom across Central America for ~$925M, and roughly two-thirds of its sites now sit in 12 overseas markets. It pays out the rent as a fast-growing dividend.
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Risk read
SteadierMore speculative
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