SBA Communications Corp.
Industry Group: Real Estate
Country/Region: United States of America
Identifier: NAS:SBAC
SBA Communications owns and operates almost 40,000 cell towers throughout North America, South America, and Africa. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. It owns more than 17,000 towers in the US, which accounted for about 70% of the company’s total revenue in 2023. Internationally, SBA’s greatest presence is in Brazil, where it operates roughly 10,000 towers. SBA operates as a real estate investment trust.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Real Estate 82 out of 1008
Universe
Global Universe 317 out of 15080
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| SBA Communications Corp. |
9.7
Negligible
|
82 out of 1008 |
| Ventas, Inc. |
11.2
Low
|
131 out of 1008 |
| Equity Residential |
11.4
Low
|
142 out of 1008 |
| Alexandria Real Estate Equities, Inc. |
13.1
Low
|
243 out of 1008 |
| Invitation Homes, Inc. |
16
Low
|
422 out of 1008 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
How do the ESG Risk Ratings work?
Top Material ESG Issues for SBA Communications Corp.
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What are Material ESG Issues?
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted SBA Communications Corp.'s ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
