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SBA Communications SBAC Real Estate Additions

Real Estate Additions at other companies

Equity Bancshares logo
Equity BancsharesEQBK
$21K-88.5%
SIL
SILASILA
$0
Trustmark logo
TrustmarkTRMK
$1.94M+14.2%
Trustmark logo
TrustmarkTRMK
$1.94M+14.2%
Equity Residential logo
Equity ResidentialEQR
$1.26M+34.7%
UMH
UMH PropertiesUMH
$15.97M+10.6%

Other financials

Income statement

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Revenue$715.3M+2.3%
Gross profit$673.3M+4.3%
Operating income$351.9M+5.1%
Net income$198.8M-12.0%
EPS (diluted)$1.87-10.5%

Balance sheet

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Cash & equivalents$360.8M+20.0%
Total debt$12.7B+1.7%
Total equity-$4.6B+6.3%
Total assets$11.7B+9.1%

Cash flow

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Operating cash flow$407.2M+10.6%
CapEx$62.4M-90.4%
Free cash flow$344.8M+10.4%

Valuation

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Market cap$19.52B-17.0%
Enterprise value$31.89B-10.8%
P/E19.7×-7.1×
P/S6.8×-1.8×

Profitability

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Gross margin93.4%-0.7pp
Operating margin47.6%-4.8pp
Net margin34.5%+2.3pp
FCF margin36.6%-2.4pp

Returns & leverage

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Return on equity-11.1%
Debt / equity-2.7×
Current ratio0.2×-0.2×

Where this comes from

Reported directly by SBA Communications in its filing.

Tagged under the XBRL concept sbac:RealEstateAdditions.

The source filing: SBA Communications’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 12:59 PM EST
Fiscal year
FY2025
Accession
0001034054-26-000002
Line item202520242023
Land buyouts and other assets29,99331,73932,247
Tower maintenance53,88350,18249,471
Other (2)3,1882,94235,880
Total additions826,687304,933282,469
Deductions during period:
Cost of real estate sold or disposed (3)(119,735)(437)(8,024)
Impairment (4)(132,784)(73,977)(119,307)
Other (5)140,538(248,238)82,622

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

FAQ

What is SBA Communications's real estate additions?
SBA Communications (SBAC) reported real estate additions of $206.67M in Q4 2025.
How has SBA Communications's real estate additions changed year-over-year?
SBA Communications's real estate additions increased by 171.1% year-over-year, from $76.23M to $206.67M.
What is the long-term trend for SBA Communications's real estate additions?
Over 4 years (2021 to 2025), SBA Communications's real estate additions has grown at a -8.0% compound annual growth rate (CAGR), from $1.15B to $826.69M.
What does real estate additions mean?
The aggregate total of all capital expenditures related to real estate assets, including new builds, acquisitions, and improvements. This represents the total capital intensity of the company's real estate business.

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