SBA Communications Corp

SBAC remains in an early Stage 1 consolidation following a terminal decline. Repaired 9/21 EMAs and an oversold context support tactical long entries within the 180–195 base. Medium-term bias is bullish in this basing phase, even as the long-term downtrend remains intact.

• ↑Mobile data use up 35% YoY drives 2–3% annual organic rental growth.
• ↑Q4 2025 FFO per share $3.19; dividend yield 1.07% after 13% increase.
• ↓Projected $50–52 M churn from carrier consolidations undermines leasing.