<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SBA COMMUNICATIONS 10-Q 9/30/99 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENT. </LEGEND> <PERIOD-TYPE> 9-MOS 9-MOS <FISCAL-YEAR-END> DEC-31-1998 DEC-31-1999 <PERIOD-START> JAN-01-1998 JAN-01-1999 <PERIOD-END> SEP-30-1998 SEP-30-1999 <CASH> 26,743,270 2,704,694 <SECURITIES> 0 0 <RECEIVABLES> 12,949,245 21,317,934 <ALLOWANCES> (436,671) (720,298) <INVENTORY> 0 0 <CURRENT-ASSETS> 45,835,949 32,344,807 <PP&E> 157,456,629 302,932,266 <DEPRECIATION> (6,510,149) (18,423,599) <TOTAL-ASSETS> 214,573,326 347,183,540 <CURRENT-LIABILITIES> 37,752,642 40,666,208 <BONDS> 165,572,133 180,673,810 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 35,558,333 0 <COMMON> 89,559 287,459 <OTHER-SE> 716,131 97,729,766 <TOTAL-LIABILITY-AND-EQUITY> 214,573,326 347,183,540 <SALES> 41,755,997 57,732,566 <TOTAL-REVENUES> 41,755,997 57,732,566 <CGS> 31,053,830 38,715,118 <TOTAL-COSTS> 31,053,830 38,715,118 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 10,811,279 19,445,392 <INCOME-PRETAX> (12,666,675) (24,330,042) <INCOME-TAX> 0 403,003 <INCOME-CONTINUING> (12,666,675) (23,927,039) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 (1,149,954) <CHANGES> 0 0 <NET-INCOME> (12,666,675) (25,076,993) <EPS-BASIC> (1.73) (1.49) <EPS-DILUTED> (1.73) (1.49)