Boca Raton, Florida-based SBA Communications Corporation (SBAC) is a real estate investment trust that owns and operates wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. Valued at a market cap of $23 billion, the company generates revenues from two primary businesses, which are site leasing and site development services.
Companies worth $10 billion or more are generally described as “large-cap” stocks, and SBAC fits right into that category, with its market cap exceeding this threshold. The leading REIT primarily focuses on leasing antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts and also assists wireless service providers and operators in developing their networks through site acquisition, zoning, construction, and equipment installation.
