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Ground Lease Extensions

SBA Communications Ground Lease Extensions decreased by 20.0% to $2M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 37.5%, from $3.2M to $2M. Over 4 years (FY 2021 to FY 2025), Ground Lease Extensions shows a downward trend with a -6.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementCash Flow Statement
SectionOther
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2017
Last reportedQ1 2026May 5, 2026

How to read this metric

Higher costs may reflect the need to secure long-term site tenure, while lower costs indicate stable, long-term lease arrangements already in place.

Detailed definition

The capital expenditure or cash cost associated with extending the duration of ground lease agreements for tower sites....

Peer comparison

Relevant for any real estate-heavy infrastructure business managing long-term site access.

Metric ID: other_ground_lease_extensions

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$3.6M$4.1M$5M$3.8M$2.7M$4.3M$7.3M$5.1M$2.7M$6.7M$2.6M$4.6M$3.7M$7.7M$7.9M$3.2M$4.6M$1.8M$2.5M$2M
QoQ Change+13.9%+22.0%-24.0%-28.9%+59.3%+69.8%-30.1%-47.1%+148.1%-61.2%+76.9%-19.6%+108.1%+2.6%-59.5%+43.8%-60.9%+38.9%-20.0%
YoY Change-25.0%+4.9%+46.0%+34.2%+0.0%+55.8%-64.4%-9.8%+37.0%+14.9%+203.8%-30.4%+24.3%-76.6%-68.4%-37.5%
Range$1.8M$7.9M
CAGR-11.6%
Avg YoY Growth+6.8%
Median YoY Growth+2.4%

Frequently Asked Questions

What is SBA Communications's ground lease extensions?
SBA Communications (SBAC) reported ground lease extensions of $2M in Q1 2026.
How has SBA Communications's ground lease extensions changed year-over-year?
SBA Communications's ground lease extensions decreased by 37.5% year-over-year, from $3.2M to $2M.
What is the long-term trend for SBA Communications's ground lease extensions?
Over 4 years (2021 to 2025), SBA Communications's ground lease extensions has grown at a -6.0% compound annual growth rate (CAGR), from $15.5M to $12.1M.
What does ground lease extensions mean?
The cost incurred to extend the duration of land leases for tower sites.