Real Estate Investing For Beginners: 11 Best Stocks To Buy

5. SBA Communications Corporation (NASDAQ:SBAC)

Number of Hedge Fund Holders: 45

SBA Communications Corporation (NASDAQ:SBAC) is an independent owner and operator of wireless communications infrastructure such as towers, buildings, rooftops, distributed antenna systems, and small cells. The company came into being in 1989 and is based in Boca Raton, Florida. It receives revenue from two primary businesses, site leasing and site development. The firm’s presence spans the Americas, Africa and Asia.

Based on market capitalization, SBAC becomes one of the largest real estate investment trusts. The company has a well-positioned and geographically diverse wireless communications infrastructure. Its business model capitalizes on the exponential growth in mobile data consumption. The market opportunity remains significant with almost 8.9 billion global mobile subscribers which drives the demand for wireless infrastructure. Hence, a strong and proven business model in a booming market gives firm growth as well as stability.

The firm recently reported solid financial results for the second quarter of 2024. While new leasing activity picked up pace internationally, it received increased inquiries from customers in the US which is a good sign. The firm delivered Industry-leading AFFO per share of $3.29, a 1.5% increase year-over-year. With a business depicting strength, SBA Communications Corporation (NASDAQ:SBAC) is well-positioned to drive growth from the network needs of its customers.

SBA Communications Corporation (NASDAQ:SBAC) tends to be a compelling investment based on its leading position in the global wireless communications infrastructure market. The stock is also cheap as it trades at 25 times its forward earnings, at a discount of 36.62% to the sector.