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
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 1.86 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