SBA COMMUNICATIONS CORP (SBAC)
SBA Communications Corp. is a real estate investment trust, which engages in the provision of wireless communications infrastructures. It operates through the following business segments: Domestic Site Leasing, International Site Leasing, and Site Development. The Domestic Site Leasing segment includes AT&T, Sprint, T-Mobile, and Verizon Wireless. The International Site Leasing segment acquires and develops towers. The Site Development segment is involved in consulting and construction activities. The company was founded by Steven E. Bernstein in 1989 and is headquartered in Boca Raton, FL.
Address
8051 CONGRESS AVENUE
BOCA RATON, FL 33487
Founded
1989
Number of Employees
1,787
Website
http://www.sbasite.com
Buyback
| Buyback Data | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $ Amount Purchased ($ in 000s) |
- | $299,998 | $545,573 | $854,403 | $795,470 | $470,253 | $855,960 | $664,182 | $349,998 | $99,998 | $199,999 | $513,583 |
| Average Price | - | $112.04 | $102.14 | $145.87 | $159.86 | $231.86 | $280.17 | $311.25 | $334.40 | $197.89 | $213.85 | $179.85 |
| # Shares Purchased | - | 2,677,519 | 5,341,678 | 5,857,259 | 4,975,902 | 2,028,135 | 3,055,097 | 2,133,930 | 1,046,645 | 505,329 | 935,248 | 2,855,674 |
| Buyback Performance | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Return to Date | - | 116.0% | 136.9% | 65.9% | 51.4% | 4.4% | -13.6% | -22.2% | -27.6% | 22.3% | 13.2% | 34.6% |
| S&P 500 Return to Date | - | 173.0% | 168.6% | 129.7% | 104.9% | 93.1% | 74.8% | 31.7% | 37.3% | 31.3% | 7.4% | 85.2% |
| Excess Total Return | - | -57.0% | -31.6% | -63.8% | -53.5% | -88.7% | -88.5% | -53.9% | -64.9% | -9.0% | 5.8% | -50.6% |
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| Percentile Rank | - | 62% | 67% | 60% | 59% | 37% | 22% | 29% | 22% | 63% | 67% | 64% |
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.
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