SBA Communications stock
SBACNASDAQSBA Communications Corporation, Real EstateISIN US78410G1040
69Score 69 out of 100, Neutral
Price and trend
63 / 100
Price history
−6.3% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 0.2% below it.
Since July 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 67).
The price is 15% below its 52-week high. Largest decline in 20 years: 72% (November 2007 to November 2008).
Chart figures for advanced users
- SMA 50$179.85
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$190.37
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)67
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$158.02
- The lowest closing price of the last twelve months.
- Resistance$223.75
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- SBA Communications Corporation belongs to the REIT (Specialty) industry (United States) and, with a market value of $19.84B, is number 6 of 16 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $2.82B (up 5.1% year on year) and earnings of $1.05B (up 40.6%).
- For fiscal 2026, analysts expect on average revenue of $2.85B (up 1.2%) and adjusted earnings per share of $7.77 (down 27%).
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- MEQIRI Score 69 out of 100 (Neutral): rank 20 of 327 in Real Estate, median 55.
- The P/E is 20.4 (REIT (Specialty) median 32.9, own median of recent years 117.5).
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $233.79, with the price 19% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings per share growingUp 115.8% a year since 2020.Growth 66
- High marginNet margin 34.5% over the last 12 months, REIT (Specialty) median 22.2%.Profitability 84
- Modestly valuedP/E 20.4, REIT (Specialty) median 32.9, own median 117.5.Valuation 59
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are fundamentals and profitability, while momentum and stability hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 68 to 69.
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among stocks ranked 101 to 1,000.
From 2016 to 2025, 13 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- high price swings
What lowers it
- solid fundamentals
Valuation
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $179.84 and expensive above $333.99 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $241.15 (cash-flow model) and $226.44 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $213.76, at 7.8% it would be $263.85.
Valuation metrics
Half from the cash-flow model, half from FFO per share times the median price to FFO of the REIT industry (19.1). For REITs, depreciation on buildings depresses earnings, so FFO counts instead of earnings, here following the industry rule (Nareit) from the filings with the SEC: gains on property sales are deducted where the company reports them in the standard items. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 4% of revenue, and less preferred dividends. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 2.3% on the twelve months before. Revenue has grown solidly since 2006, at about 12% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 42%, operating 49%, net 37%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 25 Feb 2027in 105 days
- Last reported
- 2 Nov 2026EPS reported $2.19 (expected $2.09)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $7.77+0.9%
- Revenue
- $2.85B−0.6%
- Earnings per share
- $8.16−2.1%
- Revenue
- $2.91B−1.0%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: +3.8%2026 outlook for site leasing revenue, AFFO and AFFO per share modestly raised.
“Given the solid performance in the second quarter, we are modestly increasing our full year outlook for site leasing revenue, AFFO and AFFO per share as compared to our prior 2026 guidance.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 3 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. One insider sold, $54,802 in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Krouse George R JrSale
17 Aug 2026, Board
- Shares
- 300
- Price
- $182.67
- Value
- $54,802
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at SBA Communications
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
327 rated companies in Real Estate
- This company
- 69
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Specialty)
The next larger and next smaller companies by market value
- American TowerAMT $88.23B66
- Digital Realty TrustDLR $68.53B54
- Crown CastleCCI $37.89B54
- Iron MountainIRM $33.49B46
- Lamar AdvertisingLAMR $16.51B72
- WeyerhaeuserWY $14.88B45
- Gaming and Leisure PropertiesGLPI $11.42B60
- Rayonier Inc. REITRYN $6.41B50
ETFs that hold SBA Communications
Held by 101 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares Smart City Infrastructure UCITS ETFAYEU | 1.37% | 0.40% | €343.1M |
| iShares Global Infrastructure UCITS ETF USDIQQI | 0.61% | 0.65% | €2.34B |
| iShares MSCI USA Mid-Cap Equal Weight UCITS ETFQDVC | 0.31% | 0.20% | €268.74M |
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| Deka MSCI USA MC UCITS ETFEL41 | 0.22% | 0.30% | €51.58M |
| Xtrackers S&P 500 Equal Weight UCITS ETF 2C EUR HedgedXDEE | 0.20% | 0.30% | €14.88B |
| State Street SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (Dist)ZPRI | 0.20% | 0.40% | €622.34M |
| UBS MSCI USA Socially Responsible UCITS ETF hEUR disUET1 | 0.14% | 0.25% | €1.04B |
| JPM Global Equity Multi-Factor UCITS ETF USD AccJPGL | 0.13% | 0.19% | €278.91M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 7 Nov 2026, previously Strong
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.