Sba Communications (SBAC) risk factors
Item 1A of every Sba Communications Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors36 risks2 new1 dropped9 reworded
Concentration of US wireless carriers increases reliance on T-Mobile, AT&T, and Verizon for most revenues. EchoStar default in late 2025 created $56 million in expected 2026 cash site leasing revenue churn. Variable-rate debt rose to $2.7 billion or 21.1% of total indebtedness.
Filed Feb 27, 2026 - FY2024 10-K risk factors35 risks
Tower leasing revenue depends on a small number of carrier customers and their capital spending levels. Substantial debt of 13.7 billion dollars and variable interest rates create significant financial exposure. REIT compliance requirements dictate strict operational rules regarding income distribution, asset types, and stock ownership.
Filed Feb 26, 2025