---
title: SBA Communications (SBAC) — REIT card
canonical: https://sweetvaluelab.com/tools/reits/sbac
ticker: SBAC
property_type: Towers
as_of: 2026-10-16
---
# SBA Communications (SBAC) — REIT card

SBA Communications, a towers REIT, trades at 13.8× trailing Cash FFO with a 2.6% dividend yield, 36.0% of Cash FFO; net debt is 8.0× EBITDA. Prices as of Oct 16, 2026; trailing-twelve-month figures through Jun 30, 2026.

## The card

| Figure | SBAC | Towers average (2) |
| --- | ---: | ---: |
| Price | $187.06 |  |
| Cash FFO (TTM) | $1.4B |  |
| Cash FFO per share | $13.51 |  |
| P/Cash FFO | 13.8× | 14.2× |
| P/E | 20.1 |  |
| Dividend per share (TTM) | $4.86 |  |
| Dividend yield | 2.6% | 4.5% |
| Yield spread over the 10-year | -2.5% |  |
| Cash FFO payout | 36.0% | 63.5% |
| Cash FFO growth (YoY) | -0.3% | -3.9% |
| Cash FFO CAGR (3y) | 0.9% |  |
| Net debt / EBITDA | 8.0× | 7.3× |
| Interest cover | 3.7× | 4.7× |
| Debt / assets | 126.7% |  |
| EBITDA margin | 64.8% | 63.8% |
| Market value | $19.9B |  |
| Enterprise value | $34.7B |  |

## Lights

- Net debt is 8.0× EBITDA; refinancing sets the agenda

---

Source: https://sweetvaluelab.com/tools/reits/sbac (SweetValueLab, free, no account). Quarterly statements from Financial Modeling Prep, closes from the daily price cache; the engine's rules are on the board page. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.