SBAC Stock Rises 12% Year to Date: Will the Trend Continue?

Shares of SBA Communications (SBAC) have rallied 12% year to date, outperforming the industry's upside of 0.9%.Last month, this tower REIT reported first-quarter 2025 adjusted funds from operations (AFFO) per share of $3.18, beating the Zacks Consensus Estimate of $3.12. However, the figure implies a drop of 3.3% from the prior-year quarter. Results reflected a significant improvement in site-development revenues during the quarter. However, higher costs and interest expenses undermined the performance to s ...