SBAC

SBA Communications (SBAC) surged 7.3% to $182.49, driven by optimism around SpaceX's spectrum acquisition deal which could boost demand for terrestrial infrastructure and tower leasing opportunities. However, the company faces headwinds with expected quarterly FFO down 5.5% year-over-year and revenues declining 0.7%.

FFO estimate revisions have declined 0.5% over the past month, suggesting the recent rally may not sustain. The stock holds a Zacks Rank #3 (Hold) rating.

Public Storage is expected to report Q3 2026 revenues rising 3.4% to $1.27 billion, but core FFO per share may decline due to elevated operating expenses and higher incentive compensation costs. While occupancy improved 30 basis points year-over-year and LA County rental restrictions expired, Sunbelt supply pressures and tough expense comparisons pose headwinds. The company's Earnings ESP of -0.23% and Zacks Rank #3 suggest no conclusive FFO beat is predicted.

American Tower (AMT) is expected to report Q3 2026 results on October 27 with year-over-year revenue and AFFO per share growth driven by 5G deployments, data center expansion via CoreSite, and strong leasing activity. However, DISH-related churn, higher refinancing costs, and lower services revenues may partially offset gains. The company's quantitative model does not predict a surprise beat.

Crown Castle (CCI) is set to report Q3 2026 results on October 21, with revenues projected to decline 5.9% to $1.01 billion. Site rental revenues are expected to fall 4.2%, while services revenues may drop 29.5%.

However, AFFO per share is projected to increase 7.1% year-over-year to $1.20, continuing the company's streak of beating estimates. The company faces headwinds from customer concentration risks and fluctuating carrier network deployment schedules.