Financial PerformanceAdjusted EBITDA was slightly lower than expected, which could be a concern for some investors.
Growth OutlookThe magnitude of the recovery in 2025/2026 remains unclear, with a challenging set-up for AFFO growth.
Market ConditionsThere are no signs of a material deployment acceleration from major carriers like Verizon, AT&T, and T-Mobile US, which could impact SBAC.