Key Takeaways SBAC gains from rising mobile data usage and carriers' high capital spending on networks. Long-term tower leases with built-in rent escalators support SBAC's stable revenues. Tower expansions into high-growth markets aid SBAC's growth; steady dividend hikes boost shareholders' value.SBA Communications' (SBAC) portfolio is well-positioned to gain from wireless carriers’ high capital spending for network expansion amid growth in mobile data usage. The long-term leases with its tenants assure s ...

Key Takeaways SBAC stock gained 9.3% in 3 months, outperforming the industry's 0.3% rise. Long-term leases, 5G buildout and global tower expansion are boosting SBAC's revenue outlook. Dividend hikes and $122.9M in share buybacks reinforce SBAC's shareholder return strategy.Shares of SBA Communications (SBAC) have rallied 9.3% in the past three months, outperforming the industry's upside of 0.3%.SBAC’s extensive and geographically diverse wireless communication infrastructure portfolio is well-positioned t ...

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 ...

Core Viewpoint - American Tower (AMT) has experienced an 11.8% increase in share price over the past three months, contrasting with a 0.4% decline in the industry, driven by strong demand for its communication real estate portfolio due to rising wireless penetration and 5G deployment efforts [1][4]. Company Overview - American Tower owns a geographically diversified communication real estate portfolio, which positions it well to capture increasing demand from wireless carriers [1][4]. - The company benefits from long-term leases with tenants, ensuring stable cash flows and supporting its growth initiatives [2][5]. Financial Performance - In the first quarter of 2025, AMT reported adjusted funds from operations (AFFO) of $2.75 per share, surpassing the Zacks Consensus Estimate of $2.60, reflecting a year-over-year revenue increase [3]. - The company recorded organic tenant billings growth of 4.7% and total tenant billings growth of 5.2% in the same quarter, indicating robust demand for its services [6]. Market Position and Growth Drivers - The advancement of mobile technology and the increase in mobile data usage globally are driving growth in the wireless industry, leading to additional equipment deployment by service providers [4]. - American Tower's portfolio includes nearly 149,000 communication sites worldwide, enhancing its ability to meet incremental demand [4]. Financial Stability - As of March 31, 2025, American Tower had a net leverage ratio of 5.0 and total liquidity of $11.7 billion, providing financial flexibility for its operations [8]. - The company holds investment-grade credit ratings of BBB and Baa3, allowing it to borrow at favorable rates [8]. Dividend Strategy - American Tower has a disciplined capital distribution strategy, having increased its dividend 15 times with an annualized growth rate of 9.07% over the past five years, indicating a commitment to enhancing shareholder value [9]. Analyst Outlook - Analysts are optimistic about American Tower, with the Zacks Consensus Estimate for its 2025 AFFO revised upward by 1.1% to $10.14 over the past month, reflecting positive sentiment in the market [10].