SB
SBAC
SBAC What SBA Communications promised, and what happened
Guidance
What management said, and what became of it
2 of 2 judged targets kept · 20 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Inaugural investment-grade bond issuance | at some point in 2026, depending on market conditions | Dec 2025 | in July, we issued our first unsecured investment-grade bonds. The total amount raised was $3.5 billion | Achieved |
| International churn — timing of peak / inflection | we believe 2026 will be the peak year for international churn | Mar 2026 | I don't want to commit as it relates to next year because, frankly, we're having a lot of those conversations today, and I don't know for sure what the timing will be. | Diluted |
| Domestic new leases and amendments revenue (FY26 outlook) | $35 million | Dec 2025 | We didn't change that outlook at all. | On Track |
The full ledger
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The rest of the ledger
Pro opens all 22 tracked commitments for SBA Communications
Above is what the last two calls moved. Pro adds every quarter's revision, the source quote behind each one, and the topics management has stopped answering.