SBAC tops Q2 AFFO estimates, and lifts the 2025 outlook, but higher costs and interest weigh on profitability.
SBA Communications Corporation (NASDAQ:SBAC ) Q2 2025 Earnings Conference Call August 4, 2025 5:00 PM ET Company Participants Brendan Thomas Cavanagh - CEO, President & Director Marc R. Montagner - Executive VP & CFO Mark DeRussy - Vice President of Finance Conference Call Participants Batya Levi - UBS Investment Bank, Research Division Benjamin Daniel Swinburne - Morgan Stanley, Research Division Brendan James Lynch - Barclays Bank PLC, Research Division David Anthony Guarino - Green Street Advisors, LLC, Research Division Eric Thomas Luebchow - Wells Fargo Securities, LLC, Research Division James Edward Schneider - Goldman Sachs Group, Inc., Research Division Jonathan Atkin - RBC Capital Markets, Research Division Michael Ian Rollins - Citigroup Inc., Research Division Michael J.
While the top- and bottom-line numbers for SBA Communications (SBAC) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
![]() SBAC In 3 days Announced | Quarterly | $1.11 Per Share |
![]() SBAC 2 months ago Paid | Quarterly | $1.11 Per Share |
![]() SBAC 5 months ago Paid | Quarterly | $1.11 Per Share |
![]() SBAC 9 months ago Paid | Quarterly | $0.98 Per Share |
![]() SBAC 11 months ago Paid | Quarterly | $0.98 Per Share |
3 Nov 2025 (In 2 months) Date | | 2.2 Cons. EPS | - EPS |
27 Oct 2025 (In 2 months) Date | | 3.19 Cons. EPS | - EPS |
4 Aug 2025 Date | | 3.1 Cons. EPS | - EPS |
4 Aug 2025 Date | | 3.12 Cons. EPS | - EPS |
28 Jul 2025 Date | | 2.09 Cons. EPS | 1.81 EPS |
![]() SBAC In 3 days Announced | Quarterly | $1.11 Per Share |
![]() SBAC 2 months ago Paid | Quarterly | $1.11 Per Share |
![]() SBAC 5 months ago Paid | Quarterly | $1.11 Per Share |
![]() SBAC 9 months ago Paid | Quarterly | $0.98 Per Share |
![]() SBAC 11 months ago Paid | Quarterly | $0.98 Per Share |
3 Nov 2025 (In 2 months) Date | | 2.2 Cons. EPS | - EPS |
27 Oct 2025 (In 2 months) Date | | 3.19 Cons. EPS | - EPS |
4 Aug 2025 Date | | 3.1 Cons. EPS | - EPS |
4 Aug 2025 Date | | 3.12 Cons. EPS | - EPS |
28 Jul 2025 Date | | 2.09 Cons. EPS | 1.81 EPS |
REIT - Specialty Industry | Real Estate Sector | Brendan Thomas Cavanagh CPA CEO | NASDAQ (NGS) Exchange | 78410G104 Cusip |
US Country | 1,720 Employees | 21 Aug 2025 Last Dividend | - Last Split | 16 Jun 1999 IPO Date |
SBA Communications Corporation represents a forefront position in the independent ownership and operation of wireless communications infrastructure. Specializing in a wide range of support structures for the telecommunications industry, SBA's assets include towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. Operating beyond domestic borders, the corporation boasts a portfolio exceeding 39,000 communications sites spread across the Americas, Africa, and Asia. SBA's operational success and financial stability are underscored by its listing on the NASDAQ under the symbol SBAC and its inclusion in the S&P 500 index. As a Real Estate Investment Trust (REIT), SBA Communications Corporation stands as one of the top entities in its sector in terms of market capitalization, demonstrating its critical role in supporting global wireless communication networks.
These foundational structures are vital for the range and reliability of wireless telecommunications, supporting antennas and other telecommunications equipment. SBA's portfolio includes a broad array of tower types to cater to different needs, including monopoles, guyed towers, and self-supporting towers.
SBA Communications leverages existing infrastructure, such as buildings and rooftops, to host telecommunications equipment. This approach provides cost-effective site solutions for wireless service providers and enhances network coverage and capacity in urban areas.
Distributed Antenna Systems are networks of spatially separated antenna nodes connected to a common source, designed to provide wireless service within a geographic area or structure. DAS is crucial for extending wireless coverage and capacity, particularly in densely populated regions or areas with complex topographies.
As an extension of the wireless network, small cells provide targeted coverage and capacity benefits. They are essential for meeting the burgeoning demand for mobile data, especially in areas where constructing larger towers is not feasible. SBA Communications focuses on deploying small cells to enhance network performance and support the roll-out of next-generation wireless technologies.