Investment expenses
SBA Communications Investment expenses increased by 3.7% to $128.53M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 23.4%, from $104.15M to $128.53M. Over 4 years (FY 2021 to FY 2025), Investment expenses shows an upward trend with a 7.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to assets under management may indicate rising management fees or operational inefficiencies, while a decrease suggests improved cost control.
Detailed definition
Includes all costs directly associated with managing the investment portfolio, such as investment advisory fees, custodi...
Peer comparison
Commonly reported as Investment Expenses or Investment Management Fees across the insurance industry.
other_investment_income_investment_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $90.54M | $89.20M | $83.08M | $82.25M | $84.32M | $86.96M | $100.26M | $101.23M | $101.29M | $99.32M | $98.54M | $96.39M | $97.53M | $95.71M | $110.15M | $104.15M | $119.66M | $120.15M | $123.95M | $128.53M |
| QoQ Change | — | -1.5% | -6.9% | -1.0% | +2.5% | +3.1% | +15.3% | +1.0% | +0.1% | -1.9% | -0.8% | -2.2% | +1.2% | -1.9% | +15.1% | -5.4% | +14.9% | +0.4% | +3.2% | +3.7% |
| YoY Change | — | — | — | — | -6.9% | -2.5% | +20.7% | +23.1% | +20.1% | +14.2% | -1.7% | -4.8% | -3.7% | -3.6% | +11.8% | +8.0% | +22.7% | +25.5% | +12.5% | +23.4% |
Investment expenses at Other Companies
Frequently Asked Questions
- What is SBA Communications's investment expenses?
- SBA Communications (SBAC) reported investment expenses of $128.53M in Q1 2026.
- How has SBA Communications's investment expenses changed year-over-year?
- SBA Communications's investment expenses increased by 23.4% year-over-year, from $104.15M to $128.53M.
- What is the long-term trend for SBA Communications's investment expenses?
- Over 4 years (2021 to 2025), SBA Communications's investment expenses has grown at a 7.3% compound annual growth rate (CAGR), from $352.92M to $467.91M.
- What does investment expenses mean?
- The total costs incurred to manage and maintain the company's investment portfolio.