SBA COMMUNICATIONS CORP (SBAC) Risk Factors
Real EstateLatest 10-K filed Feb 27, 2026Source: SEC EDGAR
WealthWire extracted and classified 35 risk factors from SBA COMMUNICATIONS CORP’s latest SEC filing, mapping each to a standardized risk taxonomy so they can be compared across every company and sector. The breakdown below shows how those disclosures distribute across risk categories.
Financial
12 factorsMarket & business
10 factorsOperations & people
6 factorsLegal & regulatory
3 factorsTechnology
2 factorsESG & reputation
2 factorsRecent key developments
Concrete developments — dated events, named agreements and instruments, legal proceedings — that SBA COMMUNICATIONS CORP surfaced in its latest filing.
- EchoStar (f/k/a DISH Wireless) notified us in late 2025 that it would discontinue its network business.Late 2025
- In December 2025, EchoStar defaulted on its payment obligations to us and such default continued into 2026. EchoStar churn expected to represent approximately $56.0 million of cash site leasing revenue during 2026.December 2025
- Sites purchased from Millicom in 2025 increased Tigo's share of International Site Leasing Revenue to 11.3% for 2025, compared to 5.8% in 2024 and 5.6% in 2023.2025
- Interest rate swap agreements on the 2024 Term Loan swap $2.0 billion of notional value accruing interest at one month Term SOFR plus 175 basis points for a blended all-in fixed rate of 5.165% per annum through April 11, 2028.April 11, 2028
- FCC continues to auction new bands of spectrum, including Auction 108, Auction 110, and Auction 113. Delays or failure of FCC spectrum auctions (108, 110, 113) could negatively impact future demand for towers.
- In January 2022, several major U.S. wireless carriers temporarily delayed deployment of 5G facilities due to aviation industry concerns about interference.January 2022
- Taxing authorities in Brazil issued income tax deficiencies related to purchase accounting adjustments for tax years 2017 through 2020.2017-2020
- Brazilian tax authorities also issued deficiencies related to deductibility of foreign exchange losses on an intercompany loan for the 2020 tax year.2020
- The company is appealing the Brazilian assessments with higher appellate taxing authorities. As of December 31, 2025, aggregate range of reasonably possible losses in excess of amounts accrued is between zero and $109.7 million, excluding penalties and interest of $172.8 million.December 31, 2025
- In 2025, repaid $205.0 million under intercompany loan agreements.2025
- For 2025, an $81.6 million gain and for 2024, a $156.8 million loss, net of taxes, on remeasurement of intercompany loans.2025
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