SBA Communications Corp Class A
SBAC: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| T>B | LOCK|l<gd | LOCK|$l<jJ& |
SBA Earnings: Healthy Domestic Activity but Elevated Churn Persists
SBA Communications posted mixed results, as 5.7% gross organic leasing growth was mostly offset by 4.8% churn. Sprint-related churn continues to hit its domestic business, while a challenging South and Central American telecom market weighs on its international operations.
