SBA Communications lifts annual forecast on strong demand for cell tower leasing

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03/08/2026 22:58

August 3 - Cell tower owner SBA Communications SBAC.O on Monday raised its annual revenue forecast and surpassed second-quarter revenue expectations, driven by strong demand for its leasing services from mobile network operators.
SBA, whose major customers include wireless carriers Verizon VZ.N, AT&T T.N and T-Mobile TMUS.O, has benefitted from rising investments by mobile network operators to expand 5G and network capacity.
The Florida-based cell tower owner now expects 2026 revenue between $2.841 billion and $2.886 billion, slightly up from its previous projection of $2.839 billion to $2.884 billion.
It also raised its forecast for annual adjusted funds from operations to between $11.95 and $12.40 per share, up from its prior forecast of $11.93 to $12.38 per share.
"Carrier activity remained steady, with our customers both upgrading sites and expanding their networks through new colocations," CEO Brendan Cavanagh said. 
The company reported second-quarter revenue of $715.3 million, beating analysts' average estimate of $706 million, according to data compiled by LSEG.
Adjusted funds from operations came in at $3.05 per share for the quarter ended June 30, ahead of expectations of $2.98 per share.
SBA Communications owned or operated 46,390 communication sites as of June 30.

 (Reporting by Arunesh Sinha; Editing by Diti Pujara)
 ((Arunesh.Sinha@thomsonreuters.com;))