Full-Time
Posted on 5/9/2026
Owner and operator of wireless towers
No salary listed
Bay City, MI, USA
In Person
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SBA Communications owns and operates wireless communication towers. Its core business is owning and leasing space on a large portfolio of towers to mobile carriers, providing shared infrastructure that enables multiple carriers to use the same tower structure. How it works: SBA builds and acquires towers and then rents space for antennas and equipment to mobile operators, often supporting multiple carriers on a single tower. How it differs from competitors: SBA focuses on owning a wide network of passive infrastructure (towers) and offering landlord-based, multi-tenant access at scale, including international expansion, rather than running networks or providing active wireless services. Its goal: supply carriers with reliable, scalable access to wireless infrastructure to support nationwide and global mobile networks.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Boca Raton, Florida
Founded
1989
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SBA Communications, a $23.7 billion wireless infrastructure company based in Boca Raton, Florida, is set to report fiscal first-quarter 2026 earnings. Analysts expect the company to post earnings of $2.69 per share, down 14.9% year-over-year, though it has beaten Wall Street estimates in its last four quarters. Full-year earnings are projected at $11.51 per share, down 10.4% from fiscal 2025. The stock has gained 5.4% over the past 52 weeks, underperforming the S&P 500's 29.4% rise. In February, shares fell 2.5% after Q4 results missed expectations, with funds from operations of $3.19 per share versus estimates of $3.25. Analysts maintain a "Moderate Buy" rating, with a mean price target of $223.70, though the stock currently trades above that level.
SBA Communications soared 18.93% on Thursday to close at $204.04 after reports emerged that the wireless communications infrastructure company is evaluating takeover offers from large infrastructure funds. Bloomberg reported that SBA Communications is working with advisers to assess preliminary takeover interest, though negotiations remain at an early stage and a deal is not guaranteed. The company, one of the largest independent wireless infrastructure firms in the US, reported strong 2024 results with attributable net income rising 40.6% to $1.05 billion and revenues increasing 4.48% to $2.8 billion. Fourth-quarter net income more than doubled to $370.29 million. For 2025, SBA Communications targets total revenues of $2.8 billion to $2.86 billion and adjusted EBITDA of $1.9 billion to $1.93 billion.
SBA Communications Corporation (SBAC) set to become largest tower operator with 10,000+ sites. Rameen Kasana SBA Communications Corporation (NASDAQ:SBAC) is among the 14 Most Profitable Real Estate Stocks Right Now. On March 10, SBA Communications Corporation (NASDAQ:SBAC) participated in the 34th Annual Media, Internet & Telecom Conference, featuring the company's President and CEO, Brendan Cavanagh. During the conference, the company's strong performance in 2025 and strategic focus for 2026 were discussed. On the operational end, a 10-year agreement with Verizon is projected to accelerate organic growth over the next decade. The purchase of more than 7,000 towers in Central America will position SBA Communications Corporation (NASDAQ:SBAC) as the largest tower operator in the region with over 10,000 sites. Looking ahead, US organic growth is expected to return to 4-5% following mitigated churn issues, with fixed escalators and new leasing activity contributing 3% and 2-3%, respectively. Additionally, planned spectrum auctions are anticipated to positively impact SBA Communications Corporation (NASDAQ:SBAC). Overall, SBA Communications Corporation (NASDAQ:SBAC) has mixed analyst sentiment, with half of the analysts bullish and the other half neutral. With a 1-year median price target of $220, the stock has an upside potential of 31.69%. SBA Communications Corporation (NASDAQ:SBAC) is among the largest independent companies that own and operate wireless communications infrastructure. The company has a portfolio of over 46,000 communications sites across America and Africa. While Topforeignstocks acknowledge the potential of SBAC as an investment, Topforeignstocks believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see its free report on the best short-term AI stock.
SBA Communications, a wireless infrastructure REIT, has modestly outperformed the Nasdaq over the past three months, declining 1.3% compared to the index's 3.2% drop. However, over 52 weeks, SBAC shares have fallen 14% whilst the Nasdaq has gained 26%. The company reported fourth-quarter results on 26 February that missed analyst expectations. Revenue rose 3.7% year-over-year to $719.58 million, but adjusted funds from operations fell to $3.19 per share from $3.47 per share. SBAC expects 2026 revenue between $2.82 billion and $2.86 billion. The company declared a quarterly dividend of $1.25 per share, up 13% from the previous quarter. Analysts maintain a "Moderate Buy" consensus rating with a mean price target of $224.47, implying 19.6% upside potential.
SBA Communications Corporation to speak at the Raymond James & Associates 47th Annual Institutional Investors Conference. Rhea-AI Impact Rhea-AI Sentiment Key terms. distributed antenna systems (das) technical real estate investment trusts financial reits financial 02/16/2026 - 10:56 AM BOCA RATON, Fla.-(BUSINESS WIRE)- SBA Communications Corporation (NASDAQ: SBAC) ("SBA") announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at the Raymond James & Associates 47th Annual Institutional Investors Conference on Monday, March 2, 2026 at 9:15 a.m. ET. The conference will be at the JW Marriott Grand Lakes in Orlando, Florida. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 46,000 communications sites throughout the Americas and in Africa, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and one of the top Real Estate Investment Trusts (REITs) by market capitalization. For more information, please visit: www.sbasite.com. Louis Friend, CFA VP, Finance & Capital Markets 561-322-7850 Maria Alexandra Velez VP, Corporate Affairs 561-981-7352