Based in Boca Raton, Florida, SBA Communications Corporation (SBAC) owns and operates wireless communications infrastructure and is a prominent real estate investment trust (REIT). Valued at a market cap of $26.1 billion, the company primarily focuses on leasing antenna space on its multi-tenant towers to various wireless service providers under long-term lease contracts.
Companies worth more than $10 billion are generally described as “large-cap” stocks, and SBA Communications fits right into that category. With a portfolio of more than 39,000 communications sites, SBAC owns and operates wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells.
