Is NNN or SBAC cheaper?

On trailing earnings, SBAC is cheaper: NNN trades at a 22.62 P/E and SBAC at 21.53.

Which has grown faster, NNN or SBAC?

Over the past five years, NNN grew revenue faster — NNN at a 7.06% CAGR versus SBAC at 6.18%.

Does NNN or SBAC pay a bigger dividend?

NNN yields 5.15% and SBAC yields 2.30% based on trailing dividends and the latest price.

Is NNN or SBAC more profitable?

NNN runs the higher net margin — NNN at 41.38% versus SBAC at 35.66%.

Which has been the better investment, NNN or SBAC?

Over the past 10-year, SBAC delivered the higher annualized total return — NNN at 4.73% versus SBAC at 8.32%. Past performance doesn't predict future results.

NNN REIT, Inc. (NNN) vs SBA Communications Corporation (SBAC)

NNN leads on 9 of 14 compared metrics, though SBAC is the cheaper stock.

A side-by-side comparison of NNN REIT, Inc. and SBA Communications Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

SBA Communications Corporation

$21.72B

$204.79Real Estate

Total return — NNN vs SBAC

growth of $100 · last 27y

NNN +248.2%SBAC +2206.2%SBAC compounded faster

Log scale — wide-divergence pair

NNN SBAC

NNN vs SBAC: by the numbers

•SBAC is the larger company ($21.72B vs $8.86B market cap).
•SBAC trades at the lower earnings multiple (21.53 vs 22.62 P/E).
•NNN converts more revenue to profit (41.38% vs 35.66% net margin).
•NNN grew revenue faster over the past five years (7.06% vs 6.18% CAGR).
•NNN pays the higher dividend yield (5.15% vs 2.30%).

Which is better, NNN or SBAC?

Metric tally: NNN 9 · SBAC 5

It depends on what you're optimizing for:

ValueSBAC(lower P/E)

GrowthNNN(faster 5Y revenue CAGR)

IncomeNNN(higher dividend yield)

QualitySBAC(higher ROIC)

Valuation

Metric	NNN	SBAC
P/E ratio	22.62	21.53●
Forward P/E	23.04●	24.39
P/S ratio	9.43	7.61●
P/B ratio	2.01	—
PEG ratio	2.03	0.48●
EV / EBITDA	15.72●	17.49

Profitability

Metric	NNN	SBAC
Gross margin	81.38%●	63.62%
Operating margin	63.13%●	47.63%
Net margin	41.38%●	35.66%
ROE	8.81%●	-21.71%
ROIC	6.10%	10.05%●

Dividends

Metric	NNN	SBAC
Dividend yield	5.15%●	2.30%
Payout ratio	115.94%	48.02%

Growth (annualized)

Metric	NNN	SBAC
Revenue CAGR (5Y)	7.06%●	6.18%
EPS CAGR (5Y)	11.15%	113.83%●
Total return CAGR (5Y)	4.03%●	-6.93%

Frequently asked

Which is better, NNN or SBAC?: It depends on your goal. value: SBAC (lower P/E); growth: NNN (faster 5Y revenue CAGR); income: NNN (higher dividend yield); quality: SBAC (higher ROIC). Across all compared metrics, NNN leads 9 to 5.
Is NNN or SBAC cheaper?: On trailing earnings, SBAC is cheaper: NNN trades at a 22.62 P/E and SBAC at 21.53.
Which has grown faster, NNN or SBAC?: Over the past five years, NNN grew revenue faster — NNN at a 7.06% CAGR versus SBAC at 6.18%.
Does NNN or SBAC pay a bigger dividend?: NNN yields 5.15% and SBAC yields 2.30% based on trailing dividends and the latest price.
Is NNN or SBAC more profitable?: NNN runs the higher net margin — NNN at 41.38% versus SBAC at 35.66%.
Which has been the better investment, NNN or SBAC?: Over the past 10-year, SBAC delivered the higher annualized total return — NNN at 4.73% versus SBAC at 8.32%. Past performance doesn't predict future results.

Go deeper

Full NNN analysis Full SBAC analysis Interactive comparison tool

Dig into the metrics

NNN REIT P/E ratio SBA Communications P/E ratio NNN REIT dividend yield SBA Communications dividend yield NNN REIT ROE SBA Communications ROE NNN REIT operating margin SBA Communications operating margin NNN REIT revenue growth SBA Communications revenue growth NNN REIT free cash flow SBA Communications free cash flow

NNN REIT & SBA Communications appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Highest Operating Margin Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 14, 2026.