SBA Communications (SBAC) reported second-quarter 2026 total revenues of $715.3 million, up from $699.0 million a year earlier. Net income attributable to SBA was $198.8 million, or $1.87 per diluted share.
The company updated its full-year 2026 outlook and declared a quarterly cash dividend of $1.25 per share, payable September 17, 2026, to shareholders of record as of August 20, 2026.
- Site leasing revenue was $663.9 million, compared with $631.8 million in Q2 2025.
- Site development revenue was $51.4 million, compared with $67.2 million a year earlier.
- SBA owned or operated 46,390 communication sites as of June 30, 2026.
- The company acquired 6 communication sites and built 109 towers during the quarter.
- SBA ended the quarter with $12.8 billion of total debt and $0.4 billion of cash, cash equivalents, restricted cash and short-term investments.
- After quarter-end, SBA issued $3.5 billion of unsecured senior notes and entered into a $2.5 billion senior unsecured revolving credit facility.
$SBAC Hedge Fund Activity
We have seen 288 institutional investors add shares of $SBAC stock to their portfolio, and 335 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DEUTSCHE BANK AG\ removed 1,110,914 shares (-69.9%) from their portfolio in Q1 2026, for an estimated $191,199,408
- ATLAS INFRASTRUCTURE PARTNERS (UK) LTD. added 1,034,375 shares (+inf%) to their portfolio in Q1 2026, for an estimated $178,026,281
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 924,867 shares (+62406.7%) to their portfolio in Q1 2026, for an estimated $159,178,859
- WOODLINE PARTNERS LP added 763,521 shares (+38856.0%) to their portfolio in Q1 2026, for an estimated $131,409,599
- MILLENNIUM MANAGEMENT LLC removed 666,536 shares (-82.1%) from their portfolio in Q1 2026, for an estimated $114,717,510
- QUBE RESEARCH & TECHNOLOGIES LTD added 556,438 shares (+inf%) to their portfolio in Q1 2026, for an estimated $95,768,544
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 522,442 shares (+47.8%) to their portfolio in Q1 2026, for an estimated $89,917,492
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
