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. SBA is part of the S&P 500 and is one of the top Real Estate Investment Trusts (REITs) by market capitalization.
Company profile
Ticker
SBAC
Exchange
Website
CEO
Jeffrey Stoops
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
SBA Telecommunications, LLC • SBA Senior Finance, LLC • SBA Guarantor, LLC • SBA Monarch Towers I, LLC • SBA Infrastructure, LLC • SBA Properties, LLC • SBA Structures, LLC • SBA Sites, LLC • SBA 2012 TC Assets, LLC • SBA Towers IV, LLC ...
IRS number
650716501
SBAC stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
25 May 23
10-Q
2023 Q1
Quarterly report
8 May 23
8-K
Updates Full Year 2023 Outlook; and Declares Quarterly Cash Dividend
1 May 23
UPLOAD
Letter from SEC
27 Apr 23
CORRESP
Correspondence with SEC
21 Apr 23
ARS
2022 FY
Annual report to shareholders
12 Apr 23
DEFA14A
Additional proxy soliciting materials
12 Apr 23
DEF 14A
Definitive proxy
12 Apr 23
UPLOAD
Letter from SEC
10 Apr 23
8-K
Departure of Directors or Certain Officers
31 Mar 23
Transcripts
SBAC
Earnings call transcript
2023 Q1
2 May 23
SBAC
Earnings call transcript
2022 Q4
21 Feb 23
SBAC
Earnings call transcript
2022 Q3
1 Nov 22
SBAC
Earnings call transcript
2022 Q2
2 Aug 22
SBAC
Earnings call transcript
2022 Q1
26 Apr 22
SBAC
Earnings call transcript
2021 Q4
1 Mar 22
SBAC
Earnings call transcript
2021 Q3
2 Nov 21
SBAC
Earnings call transcript
2021 Q2
3 Aug 21
SBAC
Earnings call transcript
2021 Q1
27 Apr 21
SBAC
Earnings call transcript
2020 Q4
23 Feb 21
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 193.18 mm | 193.18 mm | 193.18 mm | 193.18 mm | 193.18 mm | 193.18 mm |
| Cash burn (monthly) | (no burn) | 11.94 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 23.72 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 169.47 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 14.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
92.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 652 |
| Opened positions | 68 |
| Closed positions | 89 |
| Increased positions | 263 |
| Reduced positions | 214 |
| 13F shares | Current |
|---|---|
| Total value | 25.95 tn |
| Total shares | 99.79 mm |
| Total puts | 59.90 k |
| Total calls | 179.30 k |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 17.54 mm | $4.58 tn |
| BLK Blackrock | 9.19 mm | $2.40 tn |
| STT State Street | 4.74 mm | $1.24 tn |
| CNS Cohen & Steers | 4.29 mm | $1.11 tn |
| T. Rowe Price | 3.10 mm | $805.06 bn |
| PFG Principal Financial Group Inc - Registered Shares | 2.74 mm | $715.71 bn |
| Deutsche Bank AG - Registered Shares | 2.72 mm | $709.55 bn |
| JPM JPMorgan Chase & Co. | 2.54 mm | $662.45 bn |
| Geode Capital Management | 2.53 mm | $659.59 bn |
| MS Morgan Stanley | 1.99 mm | $520.32 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 May 23 | Bernstein Steven E | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 175 | 0.00 | 10,202.943 |
| 1 May 23 | Bernstein Steven E | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 206 | 0.00 | 10,027.943 |
| 1 May 23 | Bernstein Steven E | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 190 | 0.00 | 9,821.943 |
| 1 May 23 | Bernstein Steven E | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 175 | 0.00 | 350 |
| 1 May 23 | Bernstein Steven E | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 206 | 0.00 | 207 |
| 1 May 23 | Bernstein Steven E | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 190 | 0.00 | 0 |
| 1 May 23 | Duncan Cocroft | Class A Common Stock | Payment of exercise | Dispose F | No | No | 260.89 | 211.27 | 55.12 k | 65,841.73 |
| 1 May 23 | Duncan Cocroft | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 175 | 0.00 | 66,053 |
| 1 May 23 | Duncan Cocroft | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 206 | 0.00 | 65,878 |
| 1 May 23 | Duncan Cocroft | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 190 | 0.00 | 65,672 |
News
Stocks That Hit 52-Week Lows On Wednesday
24 May 23
$100 Invested In This Stock 15 Years Ago Would Be Worth $700 Today
23 May 23
Expert Ratings for SBA Comms
17 May 23
Barclays Maintains Overweight on SBA Comms, Lowers Price Target to $306
17 May 23
(SBAC) - Analyzing SBA Comms's Short Interest
15 May 23
Press releases
SBA Communications Corporation to Speak at the JP Morgan 51st Annual Global Technology, Media and Communications Conference
8 May 23
SBA Communications Corporation to Speak at the MoffettNathanson Inaugural Technology, Media and Telecom Conference
2 May 23
SBA Communications Corporation Reports First Quarter 2023 Results; Updates Full Year 2023 Outlook; and Declares Quarterly Cash Dividend
1 May 23
SBA Communications Corporation Sets Date for First Quarter 2023 Earnings Release
10 Apr 23