SBA Communications Corp Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
5-Yr Fwd EPS Growth
-1.5%projected annual EPS growth
Analyst Coverage
20analysts covering
FY EPS (est.)
$7.72next fiscal year
Reporting Calendar
| Event | Expected Date |
|---|---|
| Q3 2026 Earnings Release | 2 Nov 2026 |
Monitoring Framework
Key Performance Indicators
Total Communication Sites Portfolio Quarterly46KTarget: Continued expansion via selective builds and acquisitions
Net Debt to Annualized Adjusted EBITDA Leverage Ratio Quarterly6.6xTarget: 6.0x to 7.0x target range
Tower Cash Flow Margin Quarterly8,000.0%Target: Maintain approximately 80%
Quarterly Cash Dividend per Share Quarterly1.3Target: Maintain or grow dividend payout
Watch Items
- EchoStar / DISH Network Tenant Credit Risk and ChurnTrigger: 100% churn of DISH contracted revenue in 2026 ($56 million exposure)Action: Monitor legal proceedings and potential contract restructurings to protect SBA's legal rights under the leases.
- Refinancing of Near-Term Debt MaturitiesTrigger: Refinancing of $1.2 billion ABS maturity in November 2026Action: Evaluate impact of higher interest rates (expected ~5.25% vs historical sub-2% rates) on interest expense and AFFO.
- International Tenant Churn (Brazil and Central America)Trigger: Peak international churn expected in fiscal year 2026Action: Track lease renewals and carrier consolidation impacts in Brazil to ensure international churn begins trending lower post-2026.
Research as of 2 Sep 2026