Sba Communications (SBAC) Operating Leases (2019 - 2026)
Sba Communications' (SBAC) quarterly Operating Leases came in at $2.2 billion in Q1 2026, up 10.47% year-on-year from $1.9 billion in Q1 2025, and up 1.52% quarter-over-quarter from $2.1 billion in Q4 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.
- On a quarterly basis, Operating Leases rose 10.47% year-over-year to $2.2 billion in Q1 2026; TTM through Mar 2026 was $2.2 billion, a 10.47% increase from a year earlier, with the FY2025 full-year figure at $2.1 billion, up 11.34% from the prior year.
- Operating Leases improved to $2.2 billion in Q1 2026 per SBAC's latest filing, from $2.1 billion in the prior quarter.
- Across five years, Operating Leases topped out at $2.2 billion in Q1 2026 and bottomed at $1.8 billion in Q2 2024.
- The 5-year median for Operating Leases is $2.0 billion (2022), against an average of $2.0 billion.
- Across the five-year window, Operating Leases dropped 13.03% in 2024 and increased 14.22% in 2025, its largest moves.
- Year by year, Operating Leases stood at $2.0 billion in 2022, then dropped by 8.73% to $1.9 billion in 2023, then advanced by 2.2% to $1.9 billion in 2024, then climbed by 11.34% to $2.1 billion in 2025, then grew by 1.52% to $2.2 billion in 2026.
- Per Business Quant, the three latest SBAC Operating Leases figures stand at $2.2 billion (Q1 2026), $2.1 billion (Q4 2025), and $2.0 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 102.00 Bn | 98.94 Bn | 1.26 Bn |
| 2 | American Tower | 76.76 Bn | 83.27 Bn | 2.70 Bn |
| 3 | Digital Realty Trust | 61.91 Bn | 61.08 Bn | - |
| 4 | Iron Mountain | 37.06 Bn | 37.09 Bn | 1.05 Bn |
| 5 | Crown Castle | 32.50 Bn | 32.44 Bn | 23.00 Mn |
| 6 | Sba Communications | 18.50 Bn | 18.59 Bn | 532.10 Mn |
| 7 | Weyerhaeuser | 17.05 Bn | 16.75 Bn | 318.00 Mn |
| 8 | Lamar Advertising | 15.99 Bn | 15.96 Bn | 344.69 Mn |
| 9 | Gaming & Leisure Properties | 12.58 Bn | 12.98 Bn | - |
| 10 | Rayonier | 6.43 Bn | 5.79 Bn | 46.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 1.86 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 |