SBA Communications Corporation
sbasite.com ↗In their words
“I think the long-term domestic churn is around 1%”
“International churn continues to be elevated, and we lost approximately $8 million of revenue in the quarter from carrier consolidation, bankruptcy restructuring and wireless operators network optimization”
“We are getting closer to the end of consolidation churn in the U.S. with Sprint-related churn of approximately $17 million in the quarter”
NPS disclosures (0)
No NPS disclosures yet.
Retention disclosures (105)
Churn (Domestic long-term): 1% (Long-term, 2025Q4) — “I think the long-term domestic churn is around 1%”
Churn (International): 8% (Q4 2025) — “International churn continues to be elevated, and we lost approximately $8 million of revenue in the quarter from carrier consolidation, bankruptcy restructuring and wireless operators network optimization”
Churn (Sprint-related churn, U.S.): 17% (Q4 2025) — “we are getting closer to the end of consolidation churn in the U.S. with Sprint-related churn of approximately $17 million in the quarter”
Churn (Non-Sprint domestic): 1.25% (Q3 2025) — “Non-Sprint related domestic annual churn continues to be between 1% and 1.5% of our domestic site leasing revenue”
Churn (Domestic): 3.7% (Q3 2025) — “Third quarter domestic organic leasing revenue growth... was 5.3% on a gross basis and 1.6% on a net basis, including 3.7% of churn”
Churn (international): 7.5% (Q2 2025) — “International organic leasing revenue growth for the second quarter which is calculated on a constant currency basis was 0.8% net, including 7.5% of churn or 8.3% on a gross basis.”
Churn (domestic): 4% (Q2 2025) — “Second quarter domestic organic leasing revenue growth over the second quarter of last year was 5% on a gross basis, 1% on a net basis, including 4% of churn.”
Churn (international): 5.6% (Q1 2025) — “International organizing leasing revenue growth for the first quarter, which is calculated on a constant-currency basis, was 1.6% net, including 5.6% of churn or 7.2% on a gross basis.”
Churn (domestic): 4.2% (Q1 2025) — “First quarter domestic organic leasing revenue growth over the first quarter of last year was 5.2% on a gross basis, 1% on a net basis, including 4.2% of churn.”
Churn (international): 6% (Q4 2024) — “International organic recurring cash leasing revenue growth for the fourth quarter, which is calculated on a constant currency basis, was 1.7% net, including 6% of churn or 7.7% on a gross basis.”
Churn (domestic): 2.9% (Q4 2024) — “Fourth quarter domestic organic revenue growth over the fourth quarter of last year was 5.1% on a gross basis and 2.2% on a net basis, including 2.9% of churn.”
Churn (international): 4.3% (Q3 2024) — “International or same-tower recurring cash leasing revenue growth for the third quarter, which is calculated on a constant currency basis was 3.1% net, including 4.3% of churn or 7.4% on a gross basis.”
Churn (domestic): 3.3% (Q3 2024) — “Third quarter domestic same tower revenue growth over the third quarter of last year was 5.3% on a gross basis and 2% on a net basis, including 3.3% of churn.”
Churn (international): 5.3% (Q2 2024) — “International same tower recurring cash easing revenue growth for the second quarter, which is calculated on a constant currency basis, was 2.7% net, including 5.3% of turn, or 8% on a gross basis.”
Churn (international): 4.8% (Q1 2024) — “International same-tower recurring cash leasing revenue growth for the first quarter, which is calculated on a constant currency basis, was 3.3% net, including 4.8% of churn or 8.1% on a gross basis.”
Churn (domestic): 3.6% (Q1 2024) — “First quarter domestic same-tower recurring cash leasing revenue growth over the first quarter of last year was 5.9% on a gross basis, 2.3% on a net basis, including 3.6% of churn.”
Churn (international): 5.9% (Q4 2023) — “International same tower recurring cash leasing revenue growth for the fourth quarter, which is calculated on a constant currency basis was 4.2% net, including 5.9% of churn or 10.1% on a gross basis.”
Churn (domestic): 3.4% (Q4 2023) — “Domestic same tower recurring cash leasing revenue growth over the fourth quarter of last year was 6.9% on a gross basis and 3.5% on a net basis, including 3.4% of churn.”
Churn (international): 4.9% (Q3 2023) — “Internationally, on a constant currency basis, third quarter same-tower cash leasing revenue growth was 4.5% net, including 4.9% of churn or 9.4% on a gross basis.”
Churn (domestic): 3.9% (Q3 2023) — “Domestic same-tower recurring cash leasing revenue growth over the third quarter of last year was 8.6% on a gross basis, and 4.7% on a net basis, including 3.9% of churn.”
Churn (International same-tower cash leasing): 4.9% (Q2 2023) — “same-tower cash leasing revenue growth was 4.8% net, including 4.9% of churn or 9.7% on a gross basis.”
Churn (Domestic same-tower recurring cash leasing): 3.9% (Q2 2023) — “Same tower recurring cash leasing revenue growth for the second quarter...was 4.3% net over the second quarter of 2022 and including the impact of 3.9% of churn.”
Churn (International same-tower cash leasing): 7.8% (Q1 2023) — “same-tower cash leasing revenue growth was 2.5% net, including 7.8% of churn or 10.3% on a gross basis.”
Churn (International same-tower cash leasing): 7.6% (Q4 2022) — “same-tower cash leasing revenue growth was 5.4% net, including 7.6% of churn or 13% on a gross basis.”
Churn (Domestic same-tower recurring cash leasing): 4.2% (Q4 2022) — “Same tower recurring cash leasing revenue growth for the fourth quarter...was 5.1% net over the fourth quarter of 2021, including the impact of 4.2% of churn.”
Churn (International same-tower cash leasing): 8.4% (Q3 2022) — “same-tower cash leasing revenue growth was 5.4% net, including 8.4% of churn or 13.8% on a gross basis.”
Churn (Domestic same-tower recurring cash leasing): 4.2% (Q3 2022) — “Same-tower recurring cash leasing revenue growth for the third quarter...was 4.9% over the third quarter of 2021, including the impact of 4.2% of churn.”
Churn (International same-tower cash leasing): 7.1% (Q2 2022) — “same-tower cash leasing revenue growth was 5.6% net, including 7.1% of churn or 12.7% on a gross basis.”
Churn (Domestic same-tower recurring cash leasing): 3.7% (Q2 2022) — “Same-tower recurring cash leasing revenue growth for the second quarter...was 4.4% over the second quarter of 2021, including the impact of 3.7% of churn.”
Churn (International same-tower cash leasing): 4.8% (Q1 2022) — “same-tower cash leasing revenue growth was 7% net, including 4.8% of churn or 11.8% on a gross basis.”
Churn (Domestic same-tower recurring cash leasing): 3.1% (Q1 2022) — “Same-tower recurring cash leasing revenue growth for the first quarter...was 4.3% over the first quarter of 2021, including the impact of 3.1% of churn.”
Churn (International same-tower cash leasing): 4.4% (Q4 2021) — “same-tower cash leasing revenue growth was 4.3% net, including 4.4% of churn or 8.7% on a gross basis.”
Churn (Domestic same-tower recurring cash leasing): 2.7% (Q4 2021) — “Same-tower recurring cash leasing revenue growth for the fourth quarter...was 4% over the fourth quarter of 2020, including the impact of 2.7% of churn.”
Churn (International same-tower cash leasing): 2.7% (Q3 2021) — “same-tower cash leasing revenue growth was 5.2% net, including 2.7% of churn or 7.9% on a gross basis.”
Churn (Domestic same-tower recurring cash leasing): 2.5% (Q3 2021) — “Same tower recurring cash leasing revenue growth for the third quarter...was 3.6% over the third quarter of 2020 including the impact of 2.5% of churn.”
Net revenue retention (same-tower): 103.4% (Q2 2021) — “Same-tower recurring cash leasing revenue growth for the second quarter, which is calculated on a constant currency basis, was 3.4% over the second quarter of 2020, including the impact of 2.5% of churn.”
Churn (international same-tower): 2.2% (Q2 2021) — “Internationally, on a constant currency basis, same-tower cash leasing revenue growth was 5.3% net, including 2.2% of churn or 7.5% on a gross basis.”
Net revenue retention (same-tower): 103.6% (Q1 2021) — “Same tower recurring cash leasing revenue growth for the first quarter, which is calculated on a constant currency basis, was 3.6% over the first quarter of 2020, including the impact of 2.4% of churn.”
Churn (domestic same-tower): 2.5% (Q1 2021) — “Domestic same tower recurring cash leasing revenue growth over the first quarter of last year was 5.6% on a gross basis and 3.1% on a net basis, including 2.5% churn.”
Churn (same-tower): 2.4% (Q1 2021) — “Same tower recurring cash leasing revenue growth for the first quarter, which is calculated on a constant currency basis, was 3.6% over the first quarter of 2020, including the impact of 2.4% of churn.”
Net revenue retention (same-tower): 104% (Q4 2020) — “Same tower recurring cash leasing revenue growth for the fourth quarter, which is calculated on a constant currency basis, was 4% over the fourth quarter of 2019, including the impact of 2% of churn.”
Churn (domestic same-tower): 2.3% (Q4 2020) — “Domestic same tower recurring cash leasing revenue growth over the fourth quarter of last year was 5.7% on a gross basis and 3.4% on a net basis, including 2.3% of churn.”
Churn (same-tower): 2% (Q4 2020) — “Same tower recurring cash leasing revenue growth for the fourth quarter, which is calculated on a constant currency basis, was 4% over the fourth quarter of 2019, including the impact of 2% of churn.”
Net revenue retention (same-tower): 104.1% (Q3 2020) — “Same tower recurring cash leasing revenue growth for the third quarter, which is calculated on a constant currency basis, was 4.1% over the third quarter of 2019, including the impact of 1.9% of churn.”
Churn (international same-tower): 0.4% (Q3 2020) — “Internationally, on a constant currency basis, same tower cash leasing revenue growth was 7.1%, including 0.4% of churn or 7.5% on a gross basis.”
Net revenue retention (same-tower): 105% (Q2 2020) — “Same-tower recurring cash leasing revenue growth for the second quarter, which is calculated on a constant currency basis, was 5% over the second quarter of 2019, including the impact of 1.9% of churn.”
Churn (domestic same-tower): 2.2% (Q2 2020) — “Domestic same-tower recurring cash leasing revenue growth over the second quarter of last year was 6.7% on a gross basis and 4.5% on a net basis, including 2.2% of churn, 0.5% of which was related to Metro/Leap and Clearwire terminations.”
Churn (same-tower): 1.9% (Q2 2020) — “Same-tower recurring cash leasing revenue growth for the second quarter, which is calculated on a constant currency basis, was 5% over the second quarter of 2019, including the impact of 1.9% of churn.”
Net revenue retention (same-tower): 105.6% (Q1 2020) — “Same-tower recurring cash leasing revenue growth for the first quarter, which is calculated on a constant currency basis, was 5.6% over the first quarter of 2019, including the impact of 2.2% of churn.”
Churn (international same-tower): 0.5% (Q1 2020) — “Internationally, on a constant currency basis, same-tower cash leasing revenue growth was 8.1%, including 0.5% of churn or 8.6% on a gross basis.”
Churn (domestic same-tower): 2.1% (Q1 2020) — “Domestic same-tower recurring cash leasing revenue growth over the first quarter of last year was 7.6% on a gross basis and 5.1% on a net basis, including 2.1% of churn, 0.7% of which was related to Metro/Leap and Clearwire terminations.”
Churn (same-tower): 2.2% (Q1 2020) — “Same-tower recurring cash leasing revenue growth for the first quarter, which is calculated on a constant currency basis, was 5.6% over the first quarter of 2019, including the impact of 2.2% of churn.”
Net revenue retention (same-tower): 106% (Q4 2019) — “Same tower recurring cash leasing revenue growth for the fourth quarter, which is calculated on a constant currency basis was 6% over the fourth quarter of 2018, including the impact of 2.3% of churn.”
Churn (domestic same-tower): 2.6% (Q4 2019) — “Domestic same tower recurring cash leasing revenue growth over the fourth quarter of last year was 8.2% on a gross basis and 5.6% on a net basis, including 2.6% of churn, 0.8% of which continues to be related to Metro Leap and Clearwire terminations.”
Churn (same-tower): 2.3% (Q4 2019) — “Same tower recurring cash leasing revenue growth for the fourth quarter, which is calculated on a constant currency basis was 6% over the fourth quarter of 2018, including the impact of 2.3% of churn.”
Net revenue retention (same-tower): 106.5% (Q3 2019) — “Same tower recurring cash leasing revenue growth for the third quarter, which is calculated on a constant currency basis was 6.5% over the third quarter of 2018, including the impact of 2.4% of churn.”
Churn (international same-tower): 0.6% (Q3 2019) — “Internationally, on a constant currency basis, same tower cash leasing revenue growth was 9.4% including 0.6% of churn or 10% on a gross basis.”
Churn (domestic same-tower): 2.7% (Q3 2019) — “Domestic same tower recurring cash leasing revenue growth over the third quarter of last year was 8.6% on a gross basis and 5.9% on a net basis, including 2.7% of churn, a large portion of which continues to be related to Metro Leap, Clearwire and iDEN consolidation terminations.”
Churn (same-tower): 2.4% (Q3 2019) — “Same tower recurring cash leasing revenue growth for the third quarter, which is calculated on a constant currency basis was 6.5% over the third quarter of 2018, including the impact of 2.4% of churn.”
Churn (Domestic non-consolidation churn): 1.5% (Q2 2019) — “Domestic churn in the second quarter from all other tenants on an annual same-tower basis was 1.5%, at the high end of our long-held estimation of 1% to 1.5%”
Churn (International same-tower): 0.8% (Q2 2019) — “Internationally, on a constant-currency basis, same-tower cash leasing revenue growth was 10.2%, including 0.8% of churn”
Churn (Domestic same-tower): 2.7% (Q2 2019) — “Domestic same-tower recurring cash leasing revenue growth...was 5.6% on a net basis, including 2.7% of churn”
Churn (same-tower recurring cash leasing (total)): 2.4% (Q2 2019) — “Same-tower recurring cash leasing revenue growth for the second quarter...was 6.4% over the second quarter of 2018, including the impact of 2.4% of churn.”
Churn (Domestic non-consolidation churn): 1.3% (Q1 2019) — “Domestic churn in the first quarter from all other tenants on an annual same tower basis was 1.3%.”
Churn (International same-tower): 0.5% (Q1 2019) — “Internationally, on a constant currency basis, same-tower cash leasing revenue growth was 9.8%, including 0.5% of churn”
Churn (Domestic same-tower): 2.4% (Q1 2019) — “Domestic same-tower recurring cash leasing revenue growth...was 5.1% on a net basis including 2.4% of churn.”
Churn (Domestic non-consolidation churn): 1.1% (Q4 2018) — “Domestic churn in the fourth quarter from all other tenants on an annual same-tower basis was 1.1%”
Churn (International same-tower): 1% (Q4 2018) — “Internationally, on a constant currency basis, same-tower cash leasing revenue growth was 10.3%, including 1% of churn”
Churn (Domestic same-tower): 2.3% (Q4 2018) — “Domestic same-tower recurring cash leasing revenue growth...was 5.1% on a net basis, including 2.3% of churn”
Churn (same-tower recurring cash leasing (total)): 2.1% (Q4 2018) — “Same-tower recurring cash leasing revenue growth for the fourth quarter...was 6% over the fourth quarter of 2017, including the impact of 2.1% of churn.”
Churn (Domestic non-consolidation churn): 1.1% (Q3 2018) — “Domestic churn in the third quarter from all other tenants on an annual same-tower basis was 1.1%.”
Churn (Domestic same-tower): 2% (Q3 2018) — “Domestic same tower recurring cash leasing revenue growth...was 5% on a net basis including 2% of churn.”
Churn (same-tower recurring cash leasing (total)): 1.8% (Q3 2018) — “Same tower recurring cash leasing revenue growth for the third quarter...was 5.9% over the third quarter of 2017, including the impact of 1.8% of churn.”
Churn (Domestic non-consolidation churn): 0.9% (Q2 2018) — “Domestic churn in the second quarter from all other tenants on an annual same-tower basis was 90 basis points.”
Churn (Domestic same-tower): 1.7% (Q2 2018) — “Domestic same-tower recurring cash leasing revenue growth...was 4.7% on a net basis, including 1.7% of churn”
Churn (same-tower recurring cash leasing (total)): 1.5% (Q2 2018) — “Same tower recurring cash leasing revenue growth for the second quarter...was 5.4% over the second quarter of 2017, including the impact of a 1.5% of churn.”
Churn (Domestic non-consolidation churn): 0.7% (Q1 2018) — “Domestic churn in the first quarter from all other tenants on an annual same tower basis was 70 basis points.”
Churn (International same-tower): 0.8% (Q1 2018) — “Internationally, on a constant currency basis, same tower cash leasing revenue growth was 8.3% including 80 basis points of churn”
Churn (Domestic same-tower): 1.5% (Q1 2018) — “Domestic same tower recurring cash leasing revenue growth...was 4.7% on a net basis, including 1.5% of churn”
Churn (same-tower recurring cash leasing (total)): 1.4% (Q1 2018) — “Same tower recurring cast leasing revenue growth for the first quarter...was 5.2% over the first quarter of 2017, including the impact of 1.4% of churn.”
Churn (site leasing): 2% (FY2017) — “loss of tenant billings from tenant lease cancellations, non-renewal or renegotiations represented approximately 2% of our tenant billings”
Churn (Domestic non-consolidation churn): 0.66% (Q4 2017) — “Domestic churn in the fourth quarter from all other tenants on an annual same-tower basis was 66 basis points.”
Churn (International same-tower): 0.7% (Q4 2017) — “Internationally, on a constant currency basis, same-tower cash leasing revenue growth was 9.9%, including 70 basis points of churn”
Churn (Domestic same-tower): 2.5% (Q4 2017) — “Domestic same-tower recurring cash leasing revenue growth...was 4.1% on a net basis, including 2.5% of churn”
Churn (same-tower recurring cash leasing (total)): 2.1% (Q4 2017) — “Same-tower recurring cash leasing revenue growth for the fourth quarter...was 5% over the fourth quarter of 2016, including the impact of 2.1% of churn.”
Churn (Domestic non-consolidation churn): 0.8% (Q3 2017) — “Domestic churn in the third quarter from all other tenants on an annual same-tower basis was 0.8%.”
Churn (International same-tower): 0.5% (Q3 2017) — “Internationally, on a constant currency basis, gross same-tower cash leasing revenue growth was 10.6%, exclusive of 50 basis points of churn.”
Churn (Domestic same-tower): 3% (Q3 2017) — “Domestic same-tower recurring cash leasing revenue growth...was 3.9% on a net basis, including 3% of churn”
Churn (same-tower recurring cash leasing (total)): 2.6% (Q3 2017) — “Same-tower recurring cash leasing revenue growth for the third quarter...was 4.8% over the third quarter of 2016. The net same-tower growth calculation was negatively impacted by approximately 2.6% of churn.”
Churn (domestic): 3.2% (Q2 2017) — “Domestic same tower recurring cash leasing revenue growth...was 7% on a gross basis and 3.8% on a net basis, excluding 3.2% of churn”
Churn (total/consolidated): 2.9% (Q2 2017) — “The net same tower growth calculation was negatively impacted by approximately 2.9% of churn.”
Churn (international): 0.5% (Q1 2017) — “Internationally...gross same tower cash leasing revenue growth was 10.8%, exclusive of 50 basis points of churn.”
Churn (domestic): 3.4% (Q1 2017) — “Domestic same tower recurring cash leasing revenue growth...was 7% on a gross basis and 3.6% on a net basis excluding 3.4% of churn”
Churn (total/consolidated): 3.1% (Q1 2017) — “The net same tower growth calculation was negatively impacted by approximately 3.1% of churn.”
Churn (international): 0.4% (Q4 2016) — “Internationally...gross same tower cash leasing revenue growth was 11.6%. Exclusive of 40 basis points of churn”
Churn (domestic): 3% (Q4 2016) — “Domestic same tower recurring cash leasing revenue growth...was 7% on a gross basis, and 4% on a net basis, excluding 3% churn”
Churn (total/consolidated): 2.7% (Q4 2016) — “The net same tower growth calculation was negatively impacted by 2.7% of churn.”
Churn (international): 0.5% (Q3 2016) — “Internationally...gross same tower cash leasing revenue growth was 11.1%, exclusive of 50 basis points of churn”
Churn (domestic): 4.5% (Q3 2016) — “Domestic same tower recurring cash leasing revenue growth...was 7.6% on a gross basis and 3.1% on a net basis, excluding 2.5% of iDen related churn and 2% of other churn”
Churn (international): 1.1% (Q2 2016) — “net organic international cash leasing revenue growth was 10.1%, inclusive of 1.1% of churn”
Churn (domestic): 4.3% (Q2 2016) — “On a net basis, including the negative impacts of approximately 2.6% from iDEN decommissioning and 1.7% from normal churn, organic growth was 3.2%”
Churn (total/consolidated): 3.9% (Q2 2016) — “On a net basis, including the negative impacts of approximately 2.2% from iDEN decommissioning and 1.7% from normal churn, organic growth was 4.1%”
Churn (international): 0.9% (Q1 2016) — “net organic international cash leasing revenue growth was 12.1%, inclusive of 0.9% of churn”
Churn (domestic): 4.6% (Q1 2016) — “On a net basis, including the negative impact of approximately 2.8% from iDEN decommissioning and 1.8% from normal churn, organic growth was 2.9%”
Churn (total/consolidated): 4% (Q1 2016) — “On a net basis, including the negative impacts of approximately 2.4% from iDEN decommissioning and 1.6% from normal churn, organic growth was 4.1%”
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