Shares Outstanding for SBA Communications (SBAC)
According to SBA Communications's latest reported financial statements, the company's latest reported diluted shares outstanding is 106.65M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingShares OutstandingSwitch metric
Latest period
106.65M
YoY change
-0.5%
5Y CAGR
-1.1%
Peak year (2014)
128.92M
Latest annual
107.53M
Shares Outstanding history chart for SBA Communications (SBAC) from 1998 to 2025
Shares Outstanding history table for SBA Communications (SBAC) from 1998 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 107.53M | -0.5% | ||
| 2024 | 108.08M | -0.8% | ||
| 2023 | 108.91M | -0.4% | ||
| 2022 | 109.39M | -1.6% | ||
| 2021 | 111.18M | -2.0% | ||
| 2020 | 113.47M | -1.1% | ||
| 2019 | 114.69M | -1.6% | ||
| 2018 | 116.52M | -3.7% | ||
| 2017 | 121.02M | -3.3% | ||
| 2016 | 125.14M | -2.1% | ||
| 2015 | 127.79M | -0.9% | ||
| 2014 | 128.92M | +0.9% | ||
| 2013 | 127.77M | +6.2% | ||
| 2012 | 120.28M | +7.8% | ||
| 2011 | 111.59M | -3.5% | ||
| 2010 | 115.59M | -1.3% | ||
| 2009 | 117.17M | +6.6% | ||
| 2008 | 109.88M | +4.9% | ||
| 2007 | 104.74M | +6.7% | ||
| 2006 | 98.19M | +33.0% | ||
| 2005 | 73.82M | +26.4% | ||
| 2004 | 58.42M | +11.9% | ||
| 2003 | 52.20M | +3.4% | ||
| 2002 | 50.49M | +6.7% | ||
| 2001 | 47.32M | +15.0% | ||
| 2000 | 41.16M | +138.6% | ||
| 1999 | 17.25M | +102.3% | ||
| 1998 | 8.53M | — |
Shares Outstanding values are taken from SBA Communications's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, SBA Communications (SBAC) diluted shares outstanding totalled 107.53M – edged down 0.5% year-over-year.
Looking at the 2020–2025 (5 years) stretch, SBA Communications diluted shares outstanding compounded at -1.1% per year, with a net decline across the window.
SBA Communications diluted shares outstanding peaked at 128.92M in 2014; the latest annual figure is 107.53M in 2025 (16.6% below peak).
2014 marks the peak diluted shares outstanding at 128.92M, with the historical low of 8.53M recorded in 1998.
SBA Communications (SBAC) sits 8th of 8 Real Estate peers we track on this metric, against a peer median of 410.36M.
SBA Communications Shares Outstanding by Year
SBA Communications Shares Outstanding 2025: 107.53M
SBA Communications diluted shares outstanding in 2025 was 107.53M, edged down 0.5% below 2024.
SBA Communications Shares Outstanding 2024: 108.08M
SBA Communications diluted shares outstanding in 2024 was 108.08M, edged down 0.8% below 2023.
SBA Communications Shares Outstanding 2023: 108.91M
SBA Communications diluted shares outstanding in 2023 was 108.91M, edged down 0.4% below 2022.
SBA Communications Shares Outstanding 2022: 109.39M
SBA Communications diluted shares outstanding in 2022 was 109.39M, edged down 1.6% below 2021.
SBA Communications Shares Outstanding 2021: 111.18M
SBA Communications diluted shares outstanding in 2021 was 111.18M.
See more financial history for SBA Communications (SBAC).
Sector peers — Shares Outstanding
Companies in the same sector as SBA Communications, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Prologis, Inc. (PLD) | 958.02M | Real Estate |
| Realty Income Corporation (O) | 904.79M | Real Estate |
| Welltower Inc. (WELL) | 679.52M | Real Estate |
| American Tower Corporation (AMT) | 469.14M | Real Estate |
| Digital Realty Trust, Inc. (DLR) | 351.57M | Real Estate |
| Simon Property Group, Inc. (SPG) | 326.02M | Real Estate |
| Public Storage (PSA) | 175.90M | Real Estate |
| Equinix, Inc. (EQIX) | 98.12M | Real Estate |
Frequently asked questions
What is SBA Communications's diluted shares outstanding?
- Latest reported diluted shares outstanding for SBA Communications (SBAC) is 106.65M (period ending December 31, 2025).
How has SBA Communications diluted shares outstanding changed year-over-year?
- SBA Communications (SBAC) diluted shares outstanding changed -0.5% year-over-year on the latest annual filing.
What is the long-term growth rate of SBA Communications diluted shares outstanding?
- SBA Communications (SBAC) diluted shares outstanding compound annual growth rate is -1.1% over the most recent 5 years available.
When did SBA Communications diluted shares outstanding hit its highest annual value?
- SBA Communications diluted shares outstanding reached its highest annual value of 128.92M in 2014.
What was SBA Communications diluted shares outstanding in 2024?
- SBA Communications (SBAC) diluted shares outstanding in 2024 was 108.08M.
What was SBA Communications diluted shares outstanding in 2025?
- SBA Communications (SBAC) diluted shares outstanding in 2025 was 107.53M.
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