<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SBA COMMUNICATIONS 10-Q 6/30/99 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENT. </LEGEND> <PERIOD-TYPE> 6-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1998 <PERIOD-START> JAN-01-1999 JAN-01-1998 <PERIOD-END> JUN-30-1999 JUN-30-1998 <CASH> 5,037,336 26,743,270 <SECURITIES> 0 0 <RECEIVABLES> 19,321,530 12,949,245 <ALLOWANCES> (943,014) (436,671) <INVENTORY> 0 0 <CURRENT-ASSETS> 31,144,696 45,835,949 <PP&E> 246,853,285 157,456,629 <DEPRECIATION> (14,324,041) (6,510,149) <TOTAL-ASSETS> 292,498,215 214,573,326 <CURRENT-LIABILITIES> 34,361,697 37,752,642 <BONDS> 175,508,675 165,572,133 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 33,558,333 <COMMON> 273,552 89,559 <OTHER-SE> 86,555,956 716,131 <TOTAL-LIABILITY-AND-EQUITY> 292,498,215 214,573,326 <SALES> 33,121,573 28,462,666 <TOTAL-REVENUES> 33,121,573 28,462,666 <CGS> 21,787,284 21,090,230 <TOTAL-COSTS> 21,787,284 21,090,230 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 13,119,276 6,330,975 <INCOME-PRETAX> (16,517,260) (6,934,458) <INCOME-TAX> 575,901 (612,229) <INCOME-CONTINUING> (15,941,359) (7,546,687) <DISCONTINUED> 0 0 <EXTRAORDINARY> (1,149,954) 0 <CHANGES> 0 0 <NET-INCOME> (17,091,313) (7,546,687) <EPS-BASIC> (1.06) (1.60) <EPS-DILUTED> (1.06) (1.60)