Prepaid Expenses and Other Current Assets and Other Assets (Tables)

3 Months Ended

Mar. 31, 2026



	As of		As of
	March 31, 2026		December 31, 2025

		(in thousands)
Short-term investments	$	112,061	$	6,648
Short-term loans receivable ⁽¹⁾		63,900		63,779
Prepaid real estate taxes		3,886		3,815
Interest receivable		1,778		611
Prepaid insurance		4,154		1,778
Prepaid taxes		25,887		26,736
Prepaid ground rent		4,761		3,586
Other current assets		38,429		34,698
Total prepaid expenses and other current assets	$	254,856	$	141,651



	As of		As of
	March 31, 2026		December 31, 2025

		(in thousands)
Straight-line rent receivable	$	430,368	$	424,627
Interest rate swap asset ⁽²⁾		11,362		6,445
Loans receivable		3,590		3,661
Deferred lease costs, net		9,772		9,967
Deferred tax asset - long-term		32,412		35,716
Long-term investments		21,681		21,053
Other		137,022		150,524
Total other assets	$	646,207	$	651,993

(1)Short-term loans receivable includes a $56.6 million third-party loan that matures in November 2026 as of March 31, 2026 and December 31, 2025.

(2)Refer to Note 17 for more information on the Company’s interest rate swaps.

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SBA COMMUNICATIONS CORP 10-Q