SBA Communications owns a global portfolio of wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems, and small-cell nodes. As of August 2026, its portfolio consisted of more than 46,000 communications sites throughout the Americas and Africa.
SBA Communications generates revenue from site leasing and site development. The company leases space on its towers and other structures to wireless service providers under long-term contracts to house their communications equipment.
In addition, the REIT assists wireless service providers in developing their networks by acquiring sites, constructing facilities, and installing equipment. These two businesses have enabled the company to steadily increase its revenue, earnings, and dividend over the years. It has delivered industry-leading dividend growth in recent years -- including a 13% payout increase in early 2026 -- and expects to continue delivering sector-leading dividend growth. With a low dividend payout ratio of 41% of its adjusted FFO in the second quarter of 2026, the REIT has ample capacity to invest in business growth.
SBA Communications received some takeover interest from large infrastructure investment funds in early 2026, leading it to explore its options, including a potential sale. If SBA opts to go private, it would narrow the field to only two publicly traded infrastructure REITs.
How to buy infrastructure REITs
Here's a step-by-step guide on how to invest in infrastructure REITs:
- Open your brokerage app: Log in to your brokerage account where you handle your investments. If you don't have one yet, take a look at our favorite brokers and trading platforms to find the right one for you.
- Search for the stock: Enter the ticker name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
