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SBA Communications Corporation

SBAC

Real Estate · 185.24 -0.5% today

You’ve read what changed. Here’s whether the market is confirming it.

Dominant mover · weak group confirmationMarket checked 14 Aug, 15:55 GMT-4

Jodie situation report

SBAC dominates a concentrated Specialty REITs move.

SBAC accounts for 40.9% of the group's measured movement across 2.2 effective names. raw member direction is mixed; 0 of 3 session-normalized paths align to the mixed. Capital-flow agreement is 32%, so confirmation is not yet clean. No verified headline preceded the measured group move.

MOVE ANATOMY

Is this move genuinely shared?

Session-normalized 5m paths
Role in the moveDominant mover#2 of 3 by movement share
Group movement share40.9%Absolute path energy—not portfolio weight
Relative path-0.44%mixed
Effective breadth2.2 / 3concentrated
Relative alignment0/3mixed path · 0 counter-moving
Capital-flow agreement32%not yet clean
SEQUENCE READ

AMT, CCI moved materially before SBAC. SBAC crossed its material path threshold at 15:40 ET, 340 minutes after the first measured mover.

What changed
  • Revenue increased 2.3% versus the comparable filing period.
  • Net margin fell 4.5 percentage points.
EVIDENCE COVERAGE

3 of 3 members in Specialty REITs are active. 0 of 5 disclosed connections are confirming.

What would change this read
  • At least 2 of 3 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • A filing-linked outsider such as TMUS begins moving with the group.

Invalidation: The live read weakens if participation falls to 1 of 3 members or fewer.

Watch this read

Who this business touches

The relationships behind SBAC

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

VZVerizon Communications Inc.customerFeb 27, 2026 ▾

“We derive domestic site leasing revenues primarily from T-Mobile, AT&T Wireless, and Verizon Wireless.”

TAT&T Inc.customerFeb 27, 2026 ▾

“We derive domestic site leasing revenues primarily from T-Mobile, AT&T Wireless, and Verizon Wireless.”

TMUST-Mobile US, Inc.customerFeb 27, 2026 ▾

“We derive domestic site leasing revenues primarily from T-Mobile, AT&T Wireless, and Verizon Wireless.”

Filing peers

AMT

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

SBAC is currently a Early Follower in the organic co-movement group Specialty REITs. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.