Sba Communications (SBAC) Operating Leases (2019 - 2026)

Sba Communications (SBAC) recorded quarterly Operating Leases of $2.2 billion in Q1 2026, up 1.52% quarter-over-quarter from $2.1 billion in Q4 2025, and up 10.47% on a YoY basis from $1.9 billion in Q1 2025.

Sba Communications (SBAC) Operating Leases (2019 - 2026) Analysis & Trends

Sba Communications' Operating Leases history runs 8 years deep, the most recent figure standing at $2.2 billion for Q1 2026.

  • In Q1 2026, Operating Leases rose 10.47% year-over-year to $2.2 billion; the TTM figure through Mar 2026 stood at $2.2 billion (up 10.47% YoY), while the FY2025 annual figure was $2.1 billion, up 11.45% from the prior year.
  • Operating Leases was $2.2 billion for Q1 2026 at Sba Communications, up from $2.1 billion in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $2.2 billion in Q1 2026 to a low of $1.8 billion in Q2 2024.
  • Historically, Operating Leases has averaged $2.0 billion across 5 years, with a median of $2.0 billion in 2022.
  • The sharpest annual moves came in 2024 and 2025: Operating Leases decreased 13.03% in 2024, then climbed 14.22% in 2025.
  • A 5-year view of Operating Leases shows it stood at $2.0 billion in 2022, then fell by 8.43% to $1.9 billion in 2023, then increased by 1.92% to $1.9 billion in 2024, then grew by 11.45% to $2.1 billion in 2025, then grew by 1.52% to $2.2 billion in 2026.
  • The last three Operating Leases figures came in at $2.2 billion (Q1 2026), $2.1 billion (Q4 2025), and $2.0 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Equinix 104.53 Bn 101.50 Bn 2.20 Bn
2 American Tower 86.20 Bn 92.70 Bn 2.70 Bn
3 Digital Realty Trust 63.76 Bn 62.92 Bn -
4 Crown Castle 38.57 Bn 38.52 Bn 984.00 Mn
5 Iron Mountain 37.41 Bn 37.43 Bn 1.05 Bn
6 Sba Communications 20.70 Bn 20.79 Bn 532.10 Mn
7 Weyerhaeuser 17.74 Bn 17.44 Bn 318.00 Mn
8 Lamar Advertising 15.68 Bn 15.63 Bn 403.56 Mn
9 Gaming & Leisure Properties 13.22 Bn 13.62 Bn -
10 OUTFRONT Media 5.51 Bn 5.47 Bn 202.10 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.15 Bn
Dec 31, 2025 2.12 Bn
Sep 30, 2025 2.02 Bn
Jun 30, 2025 2.00 Bn
Mar 31, 2025 1.95 Bn
Dec 31, 2024 1.90 Bn
Sep 30, 2024 1.93 Bn
Jun 30, 2024 1.76 Bn
Mar 31, 2024 1.81 Bn
Dec 31, 2023 1.87 Bn
Sep 30, 2023 1.98 Bn
Jun 30, 2023 2.02 Bn
Mar 31, 2023 2.03 Bn
Dec 31, 2022 2.04 Bn
Sep 30, 2022 2.02 Bn
Jun 30, 2022 2.05 Bn
Mar 31, 2022 2.05 Bn
Dec 31, 2021 1.98 Bn
Sep 30, 2021 2.01 Bn
Jun 30, 2021 2.06 Bn