Seasonality
SBAC seasonality — SBA Communications
Over the last 11 years, SBAC's strongest month on average has been November (+4.4%) and its weakest September (-5.3%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | -0.95% | -0.56% | 50% | +12.8% | -16.3% | 10 |
| Feb | -0.64% | -3.06% | 40% | +10.3% | -12.8% | 10 |
| Mar | +3.80% | +3.77% | 90% | +13.4% | -14.4% | 10 |
| Apr | +4.21% | +3.56% | 70% | +28.5% | -14.1% | 10 |
| May | -0.33% | -0.94% | 40% | +9.2% | -15.0% | 10 |
| Jun | -0.48% | +0.54% | 50% | +6.9% | -13.1% | 10 |
| Jul | +2.80% | +3.57% | 70% | +11.8% | -5.5% | 10 |
| Aug | +1.88% | +2.90% | 60% | +11.6% | -8.8% | 10 |
| Sep | -5.30% | -7.05% | 30% | +6.2% | -15.6% | 10 |
| Oct | +1.58% | +0.38% | 50% | +16.9% | -8.8% | 10 |
| Nov | +4.37% | +1.46% | 56% | +18.4% | -1.7% | 9 |
| Dec | -0.53% | -1.10% | 40% | +13.2% | -9.9% | 10 |
Monthly returns heat map — SBAC
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.8 | 9.3 | -14.4 | 28.5 | -8.2 | -13.1 | 2.6 | 4.8 | -15.6 | 16.9 | 1.2 | -2.1% | |
| 2025 | -3.1 | 10.3 | 1.0 | 10.6 | -4.7 | 1.3 | -4.3 | -8.8 | -5.6 | -1.0 | 1.5 | -0.4 | -5.1% |
| 2024 | -11.8 | -6.5 | 3.6 | -14.1 | 5.7 | -0.2 | 11.8 | 3.2 | 6.2 | -4.7 | -1.4 | -9.9 | -19.7% |
| 2023 | 6.1 | -12.8 | 0.7 | -0.1 | -15.0 | 4.5 | -5.5 | 2.5 | -10.8 | 4.2 | 18.4 | 2.7 | -9.5% |
| 2022 | -16.3 | -6.8 | 13.4 | 0.9 | -3.0 | -4.9 | 4.9 | -3.1 | -12.5 | -5.2 | 10.9 | -6.3 | -27.9% |
| 2021 | -4.8 | -5.0 | 8.8 | 8.0 | -0.5 | 6.9 | 7.0 | 5.3 | -7.9 | 4.5 | -0.4 | 13.2 | +37.9% |
| 2020 | 3.6 | 6.2 | 1.8 | 7.4 | 8.3 | -5.2 | 4.6 | -1.8 | 4.0 | -8.8 | -1.1 | -1.8 | +17.1% |
| 2019 | 12.8 | -1.1 | 10.6 | 2.0 | 6.2 | 3.9 | 9.2 | 6.9 | -8.1 | -0.2 | -1.7 | 1.9 | +48.9% |
| 2018 | 6.8 | -9.9 | 8.7 | -6.2 | -1.4 | 4.5 | -4.2 | -1.9 | 3.5 | 1.0 | 5.3 | -5.2 | -0.9% |
| 2017 | 1.9 | 10.0 | 4.0 | 5.1 | 9.2 | -2.4 | 2.0 | 11.6 | -6.2 | 9.1 | 8.0 | -3.8 | +58.2% |
| 2016 | 4.3 |