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SBAC Towers Reach New Heights: Resilient Growth Amid Shifting Tides
22 Aug
Summary
- SBAC operates over 17,464 sites across the U.S. and 22,285 towers in 13 international markets
- SBAC stock has outperformed the S&P 500 Index and Real Estate Sector SPDR year-to-date
- Analysts forecast a 9.7% decline in AFFO for 2025, but SBAC has consistently outperformed estimates
As of August 22, 2025, SBA Communications Corporation (SBAC), a leading independent owner and manager of wireless communications infrastructure, has continued to demonstrate its resilience in the face of industry headwinds. Headquartered in Boca Raton, Florida, SBAC commands an impressive portfolio of over 17,464 sites across the U.S. and its territories, as well as more than 22,285 towers in 13 international markets.
Despite the broader market's volatility, SBAC's stock has outperformed the S&P 500 Index and the S&P 500 Real Estate Sector SPDR (XLRE) on a year-to-date basis. While the stock has only inched up 1.9% over the past 52 weeks, it has risen 9.8% so far in 2025, compared to the S&P 500's 8.7% gain.
Looking ahead, analysts forecast a 9.7% decline in SBAC's Adjusted Funds From Operations (AFFO) for the fiscal year 2025, estimating $12.07 per share on a diluted basis. However, the company has consistently outperformed analyst estimates over the last four quarters, demonstrating its ability to navigate economic challenges and sustain long-term growth.
The stock's resilience has been further bolstered by macroeconomic signals, as the Federal Reserve's measured approach on interest rates has eased borrowing pressures and provided a timely boost to SBAC's performance.
