For the three months

For the nine months

ended September 30,

ended September 30,

2026

2025

2026

2025

(in thousands, except per share data)

Numerator:

Net income attributable to SBA

Communications Corporation

$

231,306

$

236,816

$

614,916

$

683,342

Denominator:

Basic weighted-average shares outstanding

105,428

107,257

105,771

107,509

Dilutive impact of stock options, RSUs, and PSUs

234

302

240

322

Diluted weighted-average shares outstanding

105,662

107,559

106,011

107,831

Net income per common share attributable to SBA

Communications Corporation:

Basic

$

2.19

$

2.21

$

5.81

$

6.36

Diluted

$

2.19

$

2.20

$

5.80

$

6.34