SBA Communications is a holding company. Through its subsidiaries, Co. is an owner and operator of wireless communications infrastructure, including tower structures, rooftops, and other structures that support antennas used for wireless communications. Co.'s operations are in the U.S. and its territories. In its site leasing business, Co. leases antenna space to wireless service providers on towers that Co. owns or operates and manages rooftop and tower sites for property owners under contractual arrangements. Co.'s other business line is its site development business, through which Co. assists wireless service providers in developing and maintaining their own wireless service networks. The SBAC stock yearly return is shown above.
The yearly return on the SBAC stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2018 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the SBAC annual return calculation with any dividends reinvested as applicable (on ex-dates).
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