Valued at a market cap of $22 billion, SBA Communications Corporation (SBAC) is a leading independent owner and operator of wireless communications infrastructure, primarily focused on leasing tower space to wireless service providers. The Florida-based company develops, owns, and manages cellular towers and related infrastructure that support mobile network coverage and data transmission across the Americas.
This specialty REIT has considerably underperformed the broader market over the past 52 weeks. Shares of SBAC have declined 11.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 25.1%. However, on a YTD basis, the stock is up 7.4%, compared to SPX’s 8.6% uptick.
