Company facts
- Industry
- Real Estate Investment Trusts
- Headquarters
- Boca Raton, Florida
- Most recent report
- 8-K, filed Nov 9, 2026
- Incorporated
- Florida
- Filings on record
- 1,001+ filings
- On EDGAR
- CIK 1034054
- Fiscal year ends
- December
- Filer status
- Large accelerated filer
Financials 8 of 51
News 8 of 129
Prospectuses and Registrations 8 of 29
- 424B2 Prospectus supplement for an offering Jul 16, 2026
- FWP Free writing prospectus Jul 15, 2026
- 424B5 Prospectus supplement for an offering Jul 13, 2026
- S-3ASR Automatic shelf registration Feb 29, 2024
- 424B3 Prospectus supplement for an offering Dec 17, 2021
- S-4 Registration statement for a merger or exchange Dec 9, 2021
- S-3ASR Automatic shelf registration Feb 26, 2021
- 424B3 Prospectus supplement for an offering Nov 18, 2020
Proxies 8 of 34
- DEFA14A Extra proxy material Apr 9, 2026
- DEF 14A Proxy statement for a shareholder vote Apr 9, 2026
- DEFA14A Extra proxy material Apr 7, 2025
- DEF 14A Proxy statement for a shareholder vote Apr 7, 2025
- DEFA14A Extra proxy material Apr 12, 2024
- DEF 14A Proxy statement for a shareholder vote Apr 12, 2024
- DEFA14A Extra proxy material Apr 12, 2023
- DEF 14A Proxy statement for a shareholder vote Apr 12, 2023
Ownership 8 of 719
- 4 Insider reported a trade Nov 6, 2026
- 4 Insider reported a trade Oct 20, 2026
- 4 Insider reported a trade Aug 19, 2026
- 144 Notice of a proposed sale of restricted stock Aug 17, 2026
- 4 Insider reported a trade Aug 4, 2026
- 4 Insider reported a trade May 27, 2026
- 4 Insider reported a trade May 27, 2026
- 4 Insider reported a trade May 27, 2026
Other 8 of 39
- 305B2 Jul 13, 2026
- ARS Annual report sent to shareholders Apr 9, 2026
- ARS Annual report sent to shareholders Apr 7, 2025
- ARS Annual report sent to shareholders Apr 12, 2024
- UPLOAD Comment letter from SEC staff Apr 27, 2023
- CORRESP Reply to SEC staff Apr 21, 2023
- ARS Annual report sent to shareholders Apr 12, 2023
- UPLOAD Comment letter from SEC staff Apr 10, 2023
What to read: Sep 2026 10-Q
SECSift found 4 of 9 sections worth reading, with 0 positive, 12 notable, and 4 negative flags.
Financial Statements (Item 1)
Major debt refinancing, asset sales, and a shareholders' deficit require close review.NotableManagement's Discussion (Item 2)
MD&A with detailed segment results, debt refinancing, elevated churn guidance, and a new commercial paper program.Notable- International site leasing revenue grew 9.8% constant currency in Q3 2026, driven by 2,467 towers acquired (mostly Millicom).
- Loss from debt extinguishment of $20.1M in Q3 2026 from writing off fees/discount on repaid revolver and term loan.
- Repurchased 1.7M shares for $302.2M in 9M 2026; paid $399.1M in dividends, up from $360.8M in prior year.
Negative- Churn expected to be elevated through 2026: $133M-$136M domestic cash revenue at risk from Sprint and EchoStar.
- Domestic site leasing revenue fell 3.4% in Q3 2026 ($454.4M vs $470.3M) due to Sprint, EchoStar, and other non-renewals.
- Site development revenue collapsed 36% in Q3 2026 ($48.6M vs $75.9M) due to decreased carrier activity.
Market Risk (Item 3)
Contains specific debt maturity schedule, interest rate swaps, and quantified FX exposure.Notable- Entered $2.0B notional interest rate swaps in Q3 2026, receiving fixed 4.000% and paying SOFR through April 2028.
- A 1% rise in variable rates would increase interest expense by 1.9% for the nine months ended September 30, 2026.
- 20.8% of revenue and 25.9% of operating expenses are in foreign currencies for the nine months ended September 30, 2026.
- A 10% adverse move in the Brazilian Real would cut revenue by 1.2% and operating income by 0.9%.
- Unsettled intercompany debt: a 10% FX move would cause ~$87.3M unrealized gain/loss in Other income.
Other Information (Item 5)
Corrects an omitted insider trading plan disclosure for a director, with specific terms.
What changed: Sep 2026 vs. Jun 2026
About 11% of SBAC's Sep 2026 10-Q is new information. 40 paragraphs were added, 190 changed, and 31 removed. Below are the most important lines SECSift identified.
New
Changed
- Non-cash interest income (expense) swung to $16.4M income from ($0.6M) expense for Q3 2026 vs Q3 2025.
- Site development revenue fell to $48.6M from $75.9M for the three months ended September 30, 2026 vs 2025.
- Loss from extinguishment of debt, net was $20.1M in Q3 2026; zero in Q3 2025.
- Revolving Credit Facility and 2024 Term Loan removed; 2026-1, 2026-2, 2026-3 Senior Notes added with $1,350,000, $1,350,000, $800,000 due.
- Total debt obligation fell to $12,975,000 from $12,778,250, and fair value rose to $12,502,659 from $12,454,690.
- Domestic site leasing operating profit fell to 70.5% of total for Q3 2026 from 73.7% in Q3 2025.
- International site leasing operating profit rose to 27.5% of total for Q3 2026 from 23.8% in Q3 2025.
- Now reports a director's 10b5-1 plan omitted from the prior filing; previously said none were adopted.
- Sold all towers in Chile and Ecuador in Q3 2026; entered agreement to sell Peru towers, expected to close Q4 2026.
- Table number rose to 71 from 68.
- Tower count fell to 45,252 as of Sep 30, 2026 from 46,390 as of Jun 30, 2026.
Everything here comes from Sba Communications Corp's own filings on SEC EDGAR. The filing list is rechecked every hour. SECSift analysis was completed on Nov 5, 2026, from the 10-Q for Sep 2026.