SBA Communications (SBAC) Stock Insights
SBAC$185.03+0.79 +0.43%
$19.63B
Market Cap
19.97
P/E
23.99
Forward P/E
53
Score
SBA Communications (SBAC) Stock Insights
SBAC price $185.03 +0.79 +0.43%
- Ticker
- SBAC
- Price
- $185.03
- Change
- +0.79 +0.43%
- Market cap ?
- $19.63B
- P/E ?
- 19.97
- Forward P/E ?
- 23.99
- Dividend yield ?
- 2.61%
- Beta ?
- 0.99
- Sector
- Real Estate
- Industry
- REIT - Specialty
- Stocklytics score
- 53
- Value
- 47
- Quality
- 62
- Growth
- 51
Stocklytics score rationale: value 47, quality 62, growth 51.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 1633125000 | 1727674000 | 1865695000 | 2014645000 | 2083138000 | 2308834000 | 2633454000 | 2711584000 | 2679634000 | 2815139000 |
SBA Communications Corporation stands as a premier owner, operator, and provider of crucial wireless communication infrastructure across North, Central, and South America, in addition to South Africa. Guided by its mission to 'Build Better Wireless,' the company primarily earns revenue from two core business areas: the leasing of antenna space and providing comprehensive site development services. Its central…
Fair value
SBAC fair value $125.04. Price $185.03. Price is 48% above fair value.
Above fair value, but less expensive than usual. A smaller premium than on 91% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 1.05B. Growth 5.86%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 9.77% (beta 1.0). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 106.09M. Net debt 14.89B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-02 | — | 2.09 | — | 721.13M |
| 2026-08-03 | 1.87 | 1.85 | 715.27M | 706.01M |
| 2026-04-29 | 1.74 | 1.78 | 703.44M | 696.24M |
| 2026-02-26 | 3.47 | 3.89 | 719.58M | 725.80M |
| 2025-11-03 | 3.32 | 3.04 | 732.33M | 714.05M |
| 2025-08-04 | 2.09 | 3.12 | 698.98M | 700.96M |
| 2025-04-28 | 1.77 | 3.12 | 664.25M | 662.32M |
| 2025-02-24 | 1.61 | 2.08 | 693.70M | 682.31M |
| 2024-10-28 | 2.40 | 2.27 | 667.60M | 684.75M |
| 2024-07-29 | 1.51 | 2.07 | 660.48M | 670.38M |
| 2024-04-29 | 1.42 | 1.21 | 657.86M | 669.97M |
| 2024-02-26 | 1.01 | 1.37 | 675.02M | 682.17M |
| 2023-11-02 | 0.80 | 1.19 | 682.54M | 679.71M |
| 2023-07-31 | 1.87 | 1.22 | 678.50M | 677.26M |
| 2023-05-01 | 0.93 | 1.21 | 675.52M | 675.15M |
| 2023-02-21 | 0.94 | 1.09 | 686.09M | 679.80M |
| 2022-10-31 | 0.91 | 0.94 | 675.58M | 650.20M |
| 2022-08-01 | 0.64 | 0.90 | 652.01M | 626.21M |
| 2022-04-25 | 1.72 | 1.00 | 619.77M | 603.50M |
| 2022-02-28 | 0.44 | 0.69 | 595.26M | 591.24M |
| 2021-11-01 | 0.43 | 0.83 | 589.30M | 576.93M |
| 2021-08-02 | 1.37 | 0.68 | 575.53M | 523.21M |
| 2021-04-26 | -0.11 | 2.45 | 548.74M | 539.43M |
| 2021-02-22 | 0.94 | 0.52 | 535.90M | 382.61M |
| 2020-11-02 | 0.20 | 0.46 | 522.94M | 1.20B |
| 2020-08-03 | 0.20 | 0.30 | 507.23M | 760.84M |
| 2020-05-05 | -1.14 | 2.26 | 517.07M | 181.43M |
| 2020-02-20 | 0.59 | 0.39 | 513.66M | 339.54M |
| 2019-10-28 | 0.19 | 0.34 | 507.55M | 908.24M |
| 2019-07-29 | 0.28 | 0.22 | 500.15M | 392.97M |
| 2019-04-29 | 0.23 | 0.22 | 493.29M | 471.85M |
| 2019-02-21 | 0.50 | 0.44 | 483.85M | 425.79M |
| 2018-11-05 | 0.14 | 0.25 | 467.22M | 834.32M |
| 2018-07-30 | -0.50 | 1.82 | 456.32M | 164.27M |
| 2018-04-30 | 0.27 | 0.20 | 458.30M | 339.48M |
| 2018-02-26 | 0.23 | 0.18 | 443.07M | 1.33B |
| 2017-10-30 | 0.26 | 0.25 | 433.94M | 386.64M |
| 2017-07-31 | 0.19 | 0.20 | 427.29M | 1.07B |
| 2017-05-01 | 0.31 | 0.20 | 423.36M | 273.16M |
| 2017-02-27 | 0.04 | 0.10 | 416.50M | 1.04B |
Dividends
Yield 2.63%. Payout ratio 51.00%. Frequency Quarterly.
Safety score 81/100 · Safe. Payout ratio is 51% of earnings. Dividends use a moderate share of free cash flow. Dividends were paid in 8 separate years. Yield is 2.6%, in a range that is usually sustainable.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-08-20 | $1.25 | 2026-08-20 | 2026-09-17 | Quarterly |
| 2026-05-22 | $1.25 | 2026-05-22 | 2026-06-17 | Quarterly |
| 2026-03-13 | $1.25 | 2026-03-13 | 2026-03-27 | Quarterly |
| 2025-11-13 | $1.11 | 2025-11-13 | 2025-12-11 | Quarterly |
| 2025-08-21 | $1.11 | 2025-08-21 | 2025-09-18 | Quarterly |
| 2025-05-22 | $1.11 | 2025-05-22 | 2025-06-17 | Quarterly |
| 2025-03-13 | $1.11 | 2025-03-13 | 2025-03-27 | Quarterly |
| 2024-11-14 | $0.98 | 2024-11-14 | 2024-12-12 | Quarterly |
| 2024-08-22 | $0.98 | 2024-08-22 | 2024-09-18 | Quarterly |
| 2024-05-22 | $0.98 | 2024-05-23 | 2024-06-19 | Quarterly |
| 2024-03-13 | $0.98 | 2024-03-14 | 2024-03-28 | Quarterly |
| 2023-11-15 | $0.85 | 2023-11-16 | 2023-12-14 | Quarterly |
| 2023-08-23 | $0.85 | 2023-08-24 | 2023-09-20 | Quarterly |
| 2023-05-25 | $0.85 | 2023-05-26 | 2023-06-21 | Quarterly |
| 2023-03-09 | $0.85 | 2023-03-10 | 2023-03-24 | Quarterly |
| 2022-11-16 | $0.71 | 2022-11-17 | 2022-12-15 | Quarterly |
| 2022-08-24 | $0.71 | 2022-08-25 | 2022-09-20 | Quarterly |
| 2022-05-18 | $0.71 | 2022-05-19 | 2022-06-14 | Quarterly |
| 2022-03-09 | $0.71 | 2022-03-10 | 2022-03-25 | Quarterly |
| 2021-11-17 | $0.58 | 2021-11-18 | 2021-12-16 | Quarterly |
| 2021-08-25 | $0.58 | 2021-08-26 | 2021-09-23 | Quarterly |
| 2021-05-19 | $0.58 | 2021-05-20 | 2021-06-15 | Quarterly |
| 2021-03-09 | $0.58 | 2021-03-10 | 2021-03-26 | Quarterly |
| 2020-11-18 | $0.47 | 2020-11-19 | 2020-12-17 | Quarterly |
| 2020-08-24 | $0.47 | 2020-08-25 | 2020-09-22 | Quarterly |
| 2020-05-27 | $0.47 | 2020-05-28 | 2020-06-18 | Quarterly |
| 2020-03-09 | $0.47 | 2020-03-10 | 2020-03-26 | Quarterly |
| 2019-11-20 | $0.37 | 2019-11-21 | 2019-12-19 | Quarterly |
| 2019-08-27 | $0.37 | 2019-08-28 | 2019-09-25 | Quarterly |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-17 | Montagner Marc | Buy | 1.59K | — | — |
| 2026-10-17 | Montagner Marc | Sell | 625 | $187.06 | 116.89K |
| 2026-10-17 | Montagner Marc | Sell | 1.59K | — | — |
| 2026-08-17 | Krouse George R Jr | Sell | 300 | $182.67 | 54.80K |
| 2026-08-01 | DAY DONALD | Buy | 457 | — | — |
| 2026-08-01 | DAY DONALD | Sell | 171 | $180.98 | 30.89K |
| 2026-08-01 | DAY DONALD | Sell | 457 | — | — |
| 2026-05-22 | BERNSTEIN STEVEN E | Buy | 1.11K | — | — |
| 2026-05-22 | STOOPS JEFFREY | Buy | 1.11K | — | — |
| 2026-05-22 | Wilson Amy E | Buy | 1.11K | — | — |
| 2026-05-22 | BOWEN LAURIE | Buy | 1.11K | — | — |
| 2026-05-22 | Johnson Jay LeCoryelle | Buy | 1.11K | — | — |
| 2026-05-22 | Chan Mary S | Buy | 1.11K | — | — |
| 2026-05-22 | BEEBE KEVIN L | Buy | 1.11K | — | — |
| 2026-05-22 | Krouse George R Jr | Buy | 1.11K | — | — |
| 2026-05-22 | LANGER JACK | Buy | 1.11K | — | — |
| 2026-05-13 | Krouse George R Jr | Buy | 501 | $212.31 | 106.37K |
| 2026-05-13 | Krouse George R Jr | Sell | 500 | $213.61 | 106.81K |
| 2026-05-13 | Krouse George R Jr | Sell | 501 | $212.31 | 106.37K |
| 2026-05-13 | LANGER JACK | Buy | 1.50K | $212.31 | 318.68K |
| 2026-05-13 | LANGER JACK | Sell | 1.50K | $213.61 | 319.56K |
| 2026-05-13 | LANGER JACK | Sell | 1.50K | $212.31 | 318.68K |
| 2026-05-13 | BEEBE KEVIN L | Buy | 1.50K | $212.31 | 318.68K |
| 2026-05-13 | BEEBE KEVIN L | Sell | 1.49K | $213.61 | 318.71K |
| 2026-05-13 | BEEBE KEVIN L | Sell | 1.50K | $212.31 | 318.68K |
| 2026-05-13 | BERNSTEIN STEVEN E | Buy | 1.50K | $212.31 | 318.68K |
| 2026-05-13 | BERNSTEIN STEVEN E | Sell | 1.50K | $213.61 | 319.56K |
| 2026-05-13 | BERNSTEIN STEVEN E | Sell | 1.50K | $212.31 | 318.68K |
| 2026-05-01 | LANGER JACK | Buy | 331 | — | — |
| 2026-05-01 | LANGER JACK | Sell | 326 | $221.20 | 72.10K |
| 2026-05-01 | LANGER JACK | Buy | 302 | — | — |
| 2026-05-01 | LANGER JACK | Buy | 248 | — | — |
| 2026-05-01 | LANGER JACK | Sell | 331 | — | — |
| 2026-05-01 | LANGER JACK | Sell | 302 | — | — |
| 2026-05-01 | LANGER JACK | Sell | 248 | — | — |
| 2026-05-01 | BERNSTEIN STEVEN E | Buy | 331 | — | — |
| 2026-05-01 | BERNSTEIN STEVEN E | Buy | 302 | — | — |
| 2026-05-01 | BERNSTEIN STEVEN E | Buy | 248 | — | — |
| 2026-05-01 | BERNSTEIN STEVEN E | Sell | 331 | — | — |
| 2026-05-01 | BERNSTEIN STEVEN E | Sell | 302 | — | — |
| 2026-05-01 | BERNSTEIN STEVEN E | Sell | 248 | — | — |
| 2026-05-01 | Krouse George R Jr | Buy | 331 | — | — |
| 2026-05-01 | Krouse George R Jr | Sell | 326 | $221.20 | 72.10K |
| 2026-05-01 | Krouse George R Jr | Buy | 302 | — | — |
| 2026-05-01 | Krouse George R Jr | Buy | 248 | — | — |
| 2026-05-01 | Krouse George R Jr | Sell | 331 | — | — |
| 2026-05-01 | Krouse George R Jr | Sell | 302 | — | — |
| 2026-05-01 | Krouse George R Jr | Sell | 248 | — | — |
| 2026-05-01 | BEEBE KEVIN L | Buy | 331 | — | — |
| 2026-05-01 | BEEBE KEVIN L | Buy | 302 | — | — |
| 2026-05-01 | BEEBE KEVIN L | Buy | 248 | — | — |
| 2026-05-01 | BEEBE KEVIN L | Sell | 331 | — | — |
| 2026-05-01 | BEEBE KEVIN L | Sell | 302 | — | — |
| 2026-05-01 | BEEBE KEVIN L | Sell | 248 | — | — |
| 2026-05-01 | Chan Mary S | Buy | 331 | — | — |
| 2026-05-01 | Chan Mary S | Sell | 326 | $221.20 | 72.10K |
| 2026-05-01 | Chan Mary S | Buy | 302 | — | — |
| 2026-05-01 | Chan Mary S | Buy | 248 | — | — |
| 2026-05-01 | Chan Mary S | Sell | 331 | — | — |
| 2026-05-01 | Chan Mary S | Sell | 302 | — | — |
| 2026-05-01 | Chan Mary S | Sell | 248 | — | — |
| 2026-05-01 | Johnson Jay LeCoryelle | Buy | 331 | — | — |
| 2026-05-01 | Johnson Jay LeCoryelle | Sell | 326 | $221.20 | 72.10K |
| 2026-05-01 | Johnson Jay LeCoryelle | Buy | 302 | — | — |
| 2026-05-01 | Johnson Jay LeCoryelle | Buy | 248 | — | — |
| 2026-05-01 | Johnson Jay LeCoryelle | Sell | 331 | — | — |
| 2026-05-01 | Johnson Jay LeCoryelle | Sell | 302 | — | — |
| 2026-05-01 | Johnson Jay LeCoryelle | Sell | 248 | — | — |
| 2026-05-01 | BOWEN LAURIE | Buy | 331 | — | — |
| 2026-05-01 | BOWEN LAURIE | Sell | 326 | $221.20 | 72.10K |
| 2026-05-01 | BOWEN LAURIE | Buy | 302 | — | — |
| 2026-05-01 | BOWEN LAURIE | Buy | 248 | — | — |
| 2026-05-01 | BOWEN LAURIE | Sell | 331 | — | — |
| 2026-05-01 | BOWEN LAURIE | Sell | 302 | — | — |
| 2026-05-01 | BOWEN LAURIE | Sell | 248 | — | — |
| 2026-05-01 | Wilson Amy E | Buy | 331 | — | — |
| 2026-05-01 | Wilson Amy E | Buy | 302 | — | — |
| 2026-05-01 | Wilson Amy E | Buy | 248 | — | — |
| 2026-05-01 | Wilson Amy E | Sell | 331 | — | — |
| 2026-05-01 | Wilson Amy E | Sell | 302 | — | — |
| 2026-05-01 | Wilson Amy E | Sell | 248 | — | — |
| 2026-05-01 | STOOPS JEFFREY | Buy | 331 | — | — |
| 2026-05-01 | STOOPS JEFFREY | Buy | 302 | — | — |
| 2026-05-01 | STOOPS JEFFREY | Sell | 331 | — | — |
| 2026-05-01 | STOOPS JEFFREY | Sell | 302 | — | — |
| 2026-04-13 | Chan Mary S | Buy | 1.50K | $212.31 | 318.68K |
| 2026-04-13 | Chan Mary S | Sell | 1.45K | $223.75 | 325.11K |
| 2026-04-13 | Chan Mary S | Sell | 1.50K | $212.31 | 318.68K |
| 2026-03-06 | Cavanagh Brendan Thomas | Buy | 5.00K | — | — |
| 2026-03-06 | Cavanagh Brendan Thomas | Sell | 1.97K | $195.69 | 385.25K |
| 2026-03-06 | Cavanagh Brendan Thomas | Buy | 3.97K | — | — |
| 2026-03-06 | Cavanagh Brendan Thomas | Buy | 8.67K | — | — |
| 2026-03-06 | Cavanagh Brendan Thomas | Sell | 1.56K | $195.69 | 305.40K |
| 2026-03-06 | Cavanagh Brendan Thomas | Sell | 3.14K | $195.69 | 615.40K |
| 2026-03-06 | Cavanagh Brendan Thomas | Buy | 1.45K | — | — |
| 2026-03-06 | Cavanagh Brendan Thomas | Sell | 569 | $195.69 | 111.27K |
| 2026-03-06 | Cavanagh Brendan Thomas | Sell | 5.00K | — | — |
| 2026-03-06 | Cavanagh Brendan Thomas | Sell | 3.97K | — | — |
| 2026-03-06 | Cavanagh Brendan Thomas | Sell | 4.33K | — | — |
| 2026-03-06 | Cavanagh Brendan Thomas | Sell | 4.33K | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 701, holders +19 vs prior quarter. Ownership 100.67%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| DODGE & COX | 12.32M | 242.97K | +2.01% | 2.17B |
| BLACKROCK, INC. | 10.14M | 21.72K | +0.21% | 1.79B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 9.82M | 110.96K | +1.14% | 1.73B |
| VANGUARD CAPITAL MANAGEMENT LLC | 6.94M | 12.01K | +0.17% | 1.22B |
| STATE STREET CORP | 5.12M | 157.70K | +3.18% | 903.35M |
| COHEN & STEERS, INC. | 3.25M | 114.49K | +3.65% | 573.10M |
| GEODE CAPITAL MANAGEMENT, LLC | 3.18M | 26.38K | +0.84% | 558.43M |
| JPMORGAN CHASE & CO | 2.71M | -1.21M | -30.82% | 485.91M |
| INVESCO LTD. | 1.93M | -29.00K | -1.48% | 341.44M |
| DEUTSCHE BANK AG\ | 1.81M | 1.33M | +278.16% | 319.78M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.71M | 132.43K | +8.39% | 301.80M |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 1.71M | 1.71M | New | 301.80M |
| DIMENSIONAL FUND ADVISORS LP | 1.61M | -1.51K | -0.09% | 284.34M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.57M | -46.69K | -2.89% | 276.75M |
| NORGES BANK | 1.48M | 1.48M | New | 261.81M |
| LEGAL & GENERAL GROUP PLC | 1.43M | -79.25K | -5.26% | 252.05M |
| DIAMOND HILL CAPITAL MANAGEMENT, LLC (INVESTMENT ADVISOR) | 1.29M | -640.32K | -33.10% | 228.37M |
| NORDEA INVESTMENT MANAGEMENT AB | 1.30M | 34.22K | +2.70% | 228.29M |
| CITADEL ADVISORS LLC | 1.29M | 887.38K | +218.87% | 228.13M |
| MORGAN STANLEY | 1.28M | 159.70K | +14.30% | 225.31M |
| PRINCIPAL FINANCIAL GROUP INC | 1.15M | 1.01M | +722.66% | 203.34M |
| FMR LLC | 1.03M | 327.04K | +46.29% | 182.37M |
| NORTHERN TRUST CORP | 995.23K | 11.82K | +1.20% | 175.62M |
| ALYESKA INVESTMENT GROUP, L.P. | 992.06K | 992.06K | New | 175.06M |
| CANADA PENSION PLAN INVESTMENT BOARD | 907.83K | 0 | 0.00% | 160.20M |
Insights
- Revenue by product
- Revenue by region
| Period | Value |
|---|---|
| FY2011 | Domestic Site Leasing Revenue: 616294000.0, Site Development Construction: 81876000.0 |
| FY2012 | Domestic Site Leasing Revenue: 988216000.0, Site Development Construction: 107990000.0 |
| FY2013 | Domestic Site Leasing Revenue: 1133013000.0, Site Development Construction: 171853000.0 |
| FY2014 | Domestic Site Leasing Revenue: 1157293000.0, International Site Leasing Revenue: 202909000.0, Site Development Construction: 166794000.0 |
| FY2015 | Domestic Site Leasing Revenue: 1236758000.0, International Site Leasing Revenue: 243876000.0, Site Development Construction: 157840000.0 |
| FY2016 | Domestic Site Leasing Revenue: 1273866000.0, International Site Leasing Revenue: 264204000.0, Site Development Construction: 95055000.0 |
| FY2017 | Domestic Site Leasing Revenue: 1308389000.0, International Site Leasing Revenue: 314784000.0, Site Development Construction: 104501000.0 |
| FY2018 | Domestic Site Leasing Revenue: 1400095000.0, International Site Leasing Revenue: 340339000.0, Site Development Construction: 125261000.0 |
| FY2019 | Domestic Site Leasing Revenue: 1487108000.0, International Site Leasing Revenue: 373750000.0, Site Development Construction: 153787000.0 |
| FY2020 | Domestic Site Leasing Revenue: 1558311000.0, International Site Leasing Revenue: 396161000.0, Site Development Construction: 128666000.0 |
| FY2021 | Domestic Site Leasing Revenue: 1681372000.0, International Site Leasing Revenue: 422715000.0, Site Development Construction: 204747000.0 |
| FY2022 | Domestic Site Leasing Revenue: 1777593000.0, International Site Leasing Revenue: 558982000.0, Site Development Construction: 296879000.0 |
| FY2023 | Domestic Site Leasing Revenue: 1846554000.0, International Site Leasing Revenue: 670381000.0, Site Development Construction: 194649000.0 |
| FY2024 | Domestic Site Leasing Revenue: 1861424000.0, International Site Leasing Revenue: 665341000.0, Site Development Construction: 152869000.0 |
| FY2025 | Domestic Site Leasing Revenue: 1865602000.0, International Site Leasing Revenue: 705039000.0, Site Development Construction: 244498000.0 |
| Period | Value |
|---|---|
| FY2025 | Domestic Site Leasing Revenue: 1865602000.0, International Site Leasing Revenue: 705039000.0 |
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