SBA Communications Key Executives

This section highlights SBA Communications's key executives, including their titles and compensation details.

Unlock Executive Information

Upgrade to access executive details

Upgrade Now

Find Contacts at SBA Communications

(Showing 0 of )

Unlock Team Information

Upgrade to access team member details

Upgrade Now

SBA Communications Earnings

This section highlights SBA Communications's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.

Next Earnings Date

Date: May 05, 2025
Time: Before Market
Est. EPS: $3.22
Status: Unconfirmed

Last Earnings Results

Date: February 24, 2025
EPS: $1.61
Est. EPS: $2.08
Revenue: $693.70M

Earnings Call Transcripts

Transcript Quarter Year Date Estimated EPS Actual EPS
Read Transcript Q4 2024 2025-02-24 $2.08 $1.61
Read Transcript Q3 2024 2024-10-28 $2.27 $2.40
Read Transcript Q2 2024 2024-07-29 $2.07 $1.51
Read Transcript Q1 2024 2024-04-29 $1.21 $1.42
Read Transcript Q4 2023 2024-02-26 $1.37 $1.01
Read Transcript Q3 2023 2023-11-02 $1.19 $0.80
Read Transcript Q2 2023 2023-07-31 $1.22 $1.87
Read Transcript Q1 2023 2023-05-01 $1.21 $0.93

SBA Communications Corporation (SBAC)

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By Building Better Wireless, SBA generates revenue from two primary businesses site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.

Real Estate REIT - Specialty

$218.69

Stock Price

$23.53B

Market Cap

1.72K

Employees

Boca Raton, FL

Location

Financial Statements

Access annual & quarterly financial statements for SBA Communications, including income statements, balance sheets, and cash flow statements..

Annual Income Statement

Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020
Revenue $2.68B $2.71B $2.63B $2.31B $2.08B
Cost of Revenue $- $634.29M $668.65M $545.48M $476.53M
Gross Profit $2.68B $2.08B $1.96B $1.76B $1.61B
Gross Profit Ratio 100.00% 76.60% 74.61% 76.40% 77.12%
Research and Development Expenses $- $- $0 $0 $-0
General and Administrative Expenses $- $- $- $- $-
Selling and Marketing Expenses $- $- $- $- $-
Selling General and Administrative Expenses $258.76M $267.94M $261.85M $220.03M $194.27M
Other Expenses $985.12M $886.50M $707.58M $700.16M $721.97M
Operating Expenses $1.24B $1.18B $969.43M $920.19M $916.24M
Cost and Expenses $1.24B $1.79B $1.64B $1.47B $1.39B
Interest Income $41.96M $18.30M $10.13M $3.45M $2.98M
Interest Expense $427.44M $436.24M $399.89M $400.00M $392.74M
Depreciation and Amortization $269.52M $716.31M $1.64B $1.47B $1.40B
EBITDA $1.47B $1.70B $1.68B $1.51B $1.39B
EBITDA Ratio 54.84% 62.73% 64.70% 62.93% 56.31%
Operating Income $1.44B $923.66M $925.41M $782.50M $451.14M
Operating Income Ratio 53.58% 34.06% 35.14% 33.89% 21.66%
Total Other Income Expenses Net $-663.10M $-375.16M $-399.56M $-529.93M $-651.44M
Income Before Tax $772.67M $548.50M $525.84M $252.56M $-17.75M
Income Before Tax Ratio 28.83% 20.23% 19.97% 10.94% -0.85%
Income Tax Expense $23.99M $51.09M $66.04M $14.94M $-41.80M
Net Income $749.54M $501.81M $461.43M $237.62M $24.10M
Net Income Ratio 27.97% 18.51% 17.52% 10.29% 1.16%
EPS $6.96 $4.64 $4.27 $2.17 $0.22
EPS Diluted $6.94 $4.61 $4.22 $2.14 $0.21
Weighted Average Shares Outstanding 107.64M 108.20M 107.96M 109.33M 111.53M
Weighted Average Shares Outstanding Diluted 108.08M 108.91M 109.39M 111.18M 113.47M
SEC Filing Source Source Source Source Source


Breakdown December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020
Revenue $693.70M $667.60M $660.48M $657.86M $675.02M $682.54M $678.50M $675.52M $686.09M $675.58M $652.01M $619.77M $595.26M $589.30M $575.53M $548.74M $535.90M $522.94M $507.23M $517.07M
Cost of Revenue $- $150.34M $211.13M $219.74M $540.20M $149.77M $154.25M $164.30M $172.15M $177.55M $166.01M $152.93M $139.93M $140.02M $135.76M $129.77M $127.99M $121.52M $111.50M $115.51M
Gross Profit $693.70M $517.26M $449.35M $438.13M $134.82M $532.77M $524.25M $511.21M $513.94M $498.03M $485.99M $466.84M $455.33M $449.28M $439.77M $418.96M $407.91M $401.42M $395.72M $401.55M
Gross Profit Ratio 100.00% 77.50% 68.00% 66.60% 20.00% 78.10% 77.30% 75.70% 74.90% 73.70% 74.50% 75.30% 76.50% 76.20% 76.40% 76.40% 76.12% 76.76% 78.02% 77.66%
Research and Development Expenses $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
General and Administrative Expenses $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $47.41M $- $49.09M $49.62M
Selling and Marketing Expenses $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $1.00K $- $- $-
Selling General and Administrative Expenses $67.59M $60.09M $62.38M $68.70M $67.52M $64.82M $63.38M $72.21M $70.61M $65.84M $63.27M $62.12M $63.48M $51.00M $53.95M $51.60M $47.41M $48.15M $49.09M $49.62M
Other Expenses $243.77M $81.57M $-104.86M $-68.70M $-67.52M $-48.33M $40.73M $182.41M $183.04M $173.82M $176.39M $174.32M $-24.89M $-69.80M $108.85M $-88.44M $77.99M $-42.26M $-31.59M $-226.30M
Operating Expenses $311.36M $141.66M $126.56M $68.70M $67.52M $245.50M $245.20M $254.62M $253.65M $239.67M $239.67M $236.45M $233.38M $221.92M $229.41M $235.48M $227.79M $228.45M $227.79M $232.20M
Cost and Expenses $311.36M $276.99M $273.50M $288.43M $607.73M $395.26M $399.45M $418.93M $425.80M $417.22M $405.68M $389.38M $373.31M $361.94M $365.17M $365.26M $355.79M $349.97M $339.30M $347.71M
Interest Income $20.60M $7.00M $7.05M $7.31M $5.54M $5.27M $4.68M $2.82M $3.25M $2.86M $1.52M $2.50M $1.32M $945.00K $547.00K $632.00K $641.00K $756.00K $699.00K $885.00K
Interest Expense $115.09M $102.90M $104.61M $104.83M $103.31M $107.22M $108.81M $115.47M $111.78M $98.49M $95.84M $93.78M $94.73M $101.02M $102.36M $101.90M $98.35M $98.11M $98.02M $98.26M
Depreciation and Amortization $65.07M $63.52M $69.86M $81.74M $395.91M $184.45M $189.47M $184.52M $183.03M $174.13M $176.30M $174.46M $170.63M $171.32M $175.79M $184.30M $180.38M $180.30M $178.71M $182.58M
EBITDA $336.04M $457.17M $444.58M $438.76M $463.20M $458.57M $448.26M $430.84M $443.33M $425.04M $422.72M $399.48M $381.03M $392.14M $378.71M $357.46M $356.30M $348.96M $341.92M $-107.74M
EBITDA Ratio 48.44% 68.48% 69.17% 68.58% 68.62% 61.50% 73.87% 70.23% 65.55% 57.78% 54.17% 82.37% 61.05% 55.06% 85.20% 50.05% 81.04% 58.68% 61.23% 23.48%
Operating Income $382.34M $375.60M $386.98M $369.43M $67.30M $248.60M $241.23M $224.14M $234.66M $242.99M $176.78M $336.18M $197.38M $211.78M $199.76M $173.58M $165.10M $160.34M $157.05M $151.20M
Operating Income Ratio 55.12% 56.26% 58.59% 56.16% 9.97% 36.42% 35.55% 33.18% 34.20% 35.97% 27.11% 54.24% 33.16% 35.94% 34.71% 31.63% 30.81% 30.66% 30.96% 29.24%
Total Other Income Expenses Net $-226.47M $-77.39M $-207.35M $-151.89M $-71.26M $-155.38M $-68.44M $-80.08M $-105.84M $-140.34M $-165.39M $12.00M $-149.03M $-174.81M $155.00K $-206.25M $-24.57M $-147.10M $-134.10M $-345.67M
Income Before Tax $155.87M $298.21M $147.12M $171.47M $138.42M $93.22M $172.79M $144.06M $128.83M $102.64M $65.59M $228.78M $48.35M $36.96M $199.92M $-32.67M $140.53M $13.23M $22.95M $-194.47M
Income Before Tax Ratio 22.47% 44.67% 22.27% 26.06% 20.51% 13.66% 25.47% 21.33% 18.78% 15.19% 10.06% 36.91% 8.12% 6.27% 34.74% -5.95% 26.22% 2.53% 4.53% -37.61%
Income Tax Expense $-22.92M $42.32M $-12.34M $16.93M $28.90M $7.86M $-29.18M $43.51M $26.25M $2.88M $-3.56M $40.48M $-554.00K $-10.83M $47.25M $-20.92M $34.35M $-9.44M $-165.00K $-66.54M
Net Income $173.63M $258.53M $162.83M $154.54M $109.53M $87.42M $203.65M $101.22M $103.28M $100.01M $69.52M $188.62M $48.90M $47.80M $152.67M $-11.74M $105.78M $22.57M $22.81M $-127.06M
Net Income Ratio 25.03% 38.73% 24.65% 23.49% 16.23% 12.81% 30.01% 14.98% 15.05% 14.80% 10.66% 30.43% 8.22% 8.11% 26.53% -2.14% 19.74% 4.32% 4.50% -24.57%
EPS $1.61 $2.41 $1.52 $1.43 $1.01 $0.81 $1.88 $0.94 $0.96 $0.93 $0.64 $1.75 $0.45 $0.44 $1.40 $-0.11 $0.96 $0.20 $0.20 $-1.14
EPS Diluted $1.61 $2.40 $1.51 $1.42 $1.01 $0.80 $1.87 $0.93 $0.95 $0.91 $0.64 $1.72 $0.44 $0.43 $1.37 $-0.11 $0.94 $0.20 $0.20 $-1.14
Weighted Average Shares Outstanding 107.53M 107.49M 107.46M 108.10M 107.95M 108.37M 108.36M 108.13M 107.98M 107.92M 107.85M 108.09M 108.86M 109.58M 109.41M 106.77M 110.71M 111.78M 111.74M 111.45M
Weighted Average Shares Outstanding Diluted 108.11M 107.92M 107.68M 108.62M 108.58M 108.89M 108.88M 109.27M 109.30M 109.36M 109.35M 109.54M 110.73M 111.56M 111.30M 109.47M 112.54M 113.70M 113.63M 111.91M
SEC Filing Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source Source

Annual Balance Sheet

Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020
Cash and Cash Equivalents $189.84M $208.55M $143.71M $367.28M $308.56M
Short Term Investments $254.53M $1.05M $1.33M $800.00K $-
Cash and Short Term Investments $189.84M $209.59M $143.71M $367.28M $308.56M
Net Receivables $145.69M $199.00M $263.92M $150.79M $108.88M
Inventory $- $- $41.96M $79.99M $44.36M
Other Current Assets $1.64B $57.28M $154.66M $110.02M $55.55M
Total Current Assets $1.98B $484.27M $482.73M $614.45M $472.99M
Property Plant Equipment Net $6.39B $6.43B $6.60B $5.81B $5.05B
Goodwill $- $- $- $- $-
Intangible Assets $2.39B $2.46B $2.78B $2.80B $3.16B
Goodwill and Intangible Assets $2.39B $2.46B $2.78B $2.80B $3.16B
Long Term Investments $20.78M $24.54M $40.70M $47.89M $57.58M
Tax Assets $- $67.47M $16.17M $51.92M $53.72M
Other Non-Current Assets $636.32M $720.46M $665.50M $475.84M $366.69M
Total Non-Current Assets $9.44B $9.69B $10.10B $9.19B $8.69B
Other Assets $- $- $- $- $-
Total Assets $11.42B $10.18B $10.59B $9.80B $9.16B
Account Payables $59.55M $42.20M $51.43M $34.07M $109.97M
Short Term Debt $1.45B $1.19B $548.73M $500.99M $260.04M
Tax Payables $7.20M $17.10M $19.06M $8.34M $9.58M
Deferred Revenue $127.31M $325.00K $154.55M $184.38M $113.12M
Other Current Liabilities $154.94M $113.56M $-77.01M $72.94M $122.09M
Total Current Liabilities $1.80B $1.36B $696.76M $616.33M $614.80M
Long Term Debt $1.90B $13.55B $14.88B $14.26B $13.17B
Deferred Revenue Non-Current $- $- $179.74M $190.03M $114.91M
Deferred Tax Liabilities Non-Current $- $- $60.94M $70.73M $82.29M
Other Non-Current Liabilities $10.97B $404.16M $248.07M $191.47M $186.25M
Total Non-Current Liabilities $12.88B $13.95B $15.13B $14.45B $13.35B
Other Liabilities $1.80B $- $- $- $-
Total Liabilities $16.47B $15.31B $15.83B $15.07B $13.97B
Preferred Stock $- $- $- $- $-
Common Stock $- $1.08M $1.08M $1.09M $1.10M
Retained Earnings $-7.33B $-7.45B $-7.48B $-7.20B $-6.60B
Accumulated Other Comprehensive Income Loss $-760.28M $-615.20M $-590.51M $-762.31M $-807.58M
Other Total Stockholders Equity $2.98B $2.89B $2.80B $2.68B $2.59B
Total Stockholders Equity $-5.11B $-5.17B $-5.28B $-5.28B $-4.82B
Total Equity $-5.06B $-5.14B $-5.24B $-5.27B $-4.81B
Total Liabilities and Stockholders Equity $11.42B $10.18B $10.59B $9.80B $9.16B
Minority Interest $54.13M $35.05M $31.73M $17.25M $15.19M
Total Liabilities and Total Equity $11.42B $10.18B $10.59B $9.80B $9.16B
Total Investments $275.31M $25.59M $42.03M $47.89M $57.58M
Total Debt $3.35B $14.46B $15.17B $14.52B $13.43B
Net Debt $3.16B $14.25B $15.03B $14.16B $13.12B


Balance Sheet Charts

Breakdown December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020
Cash and Cash Equivalents $189.84M $186.34M $278.98M $260.20M $246.68M $190.54M $179.17M $152.77M $143.71M $201.21M $183.07M $263.57M $367.28M $187.81M $273.80M $176.62M $308.56M $271.87M $207.49M $184.14M
Short Term Investments $254.53M $16.25M $30.40M $1.58M $1.05M $1.14M $22.38M $1.86M $1.33M $21.14M $40.80M $- $800.00K $- $- $- $- $- $225.85M $-
Cash and Short Term Investments $189.84M $186.34M $309.38M $261.79M $247.72M $190.54M $179.17M $152.77M $143.71M $201.21M $183.07M $263.57M $367.28M $187.81M $273.80M $176.62M $308.56M $271.87M $433.34M $184.14M
Net Receivables $145.69M $111.02M $88.65M $126.53M $182.75M $186.67M $202.46M $241.95M $263.92M $198.63M $169.92M $169.61M $150.79M $116.94M $119.21M $124.74M $108.88M $95.15M $110.17M $126.02M
Inventory $- $31.74M $1 $- $1 $37.22M $72.08M $36.62M $41.96M $107.88M $116.54M $83.39M $79.99M $78.44M $76.44M $74.26M $44.36M $73.52M $52.71M $54.93M
Other Current Assets $1.64B $104.93M $100.64M $80.76M $75.68M $111.11M $133.33M $89.06M $154.66M $120.40M $112.36M $106.24M $110.02M $99.05M $89.21M $88.57M $55.55M $91.57M $80.57M $84.90M
Total Current Assets $1.98B $450.27M $460.01M $447.60M $484.27M $459.98M $518.62M $471.55M $482.73M $529.81M $494.90M $539.42M $614.45M $403.79M $482.23M $389.93M $472.99M $458.59M $624.09M $395.06M
Property Plant Equipment Net $6.39B $6.49B $2.13B $2.19B $2.24B $6.51B $6.60B $6.61B $6.60B $5.97B $6.04B $6.05B $5.81B $5.84B $5.93B $5.87B $5.05B $5.01B $5.03B $5.12B
Goodwill $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Intangible Assets $2.39B $2.49B $2.31B $2.40B $2.46B $2.52B $2.63B $2.69B $2.78B $2.70B $2.80B $2.91B $2.80B $2.91B $3.05B $2.98B $3.16B $3.06B $3.17B $3.29B
Goodwill and Intangible Assets $2.39B $2.49B $2.31B $2.40B $2.46B $2.52B $2.63B $2.69B $2.78B $2.70B $2.80B $2.91B $2.80B $2.91B $3.05B $2.98B $3.16B $3.06B $3.17B $3.29B
Long Term Investments $20.78M $- $19.25M $119.67M $133.48M $31.57M $34.16M $37.07M $40.70M $44.02M $42.12M $45.62M $47.89M $48.72M $51.94M $55.52M $57.58M $60.01M $-69.98M $-63.81M
Tax Assets $- $59.65M $61.60M $64.59M $67.47M $68.25M $73.47M $11.74M $16.17M $30.70M $29.13M $20.30M $51.92M $51.33M $38.89M $71.49M $53.72M $77.43M $69.98M $63.81M
Other Non-Current Assets $636.32M $713.29M $4.80B $4.77B $4.80B $745.41M $747.62M $722.45M $665.50M $662.84M $608.58M $572.50M $475.84M $413.98M $401.17M $393.88M $366.69M $367.11M $557.75M $551.93M
Total Non-Current Assets $9.44B $9.75B $9.33B $9.55B $9.69B $9.87B $10.09B $10.07B $10.10B $9.41B $9.52B $9.60B $9.19B $9.26B $9.48B $9.37B $8.69B $8.58B $8.77B $8.96B
Other Assets $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Assets $11.42B $10.20B $9.79B $10.00B $10.18B $10.33B $10.60B $10.54B $10.59B $9.94B $10.01B $10.14B $9.80B $9.67B $9.96B $9.76B $9.16B $9.03B $9.39B $9.36B
Account Payables $59.55M $54.44M $50.74M $45.76M $42.20M $46.61M $47.03M $53.55M $51.43M $51.31M $41.45M $40.58M $34.07M $34.79M $34.60M $33.61M $109.97M $29.23M $26.35M $26.94M
Short Term Debt $1.45B $293.92M $2.07B $2.08B $1.19B $296.44M $298.83M $294.31M $548.73M $918.79M $919.29M $916.71M $500.99M $262.71M $266.52M $255.95M $260.04M $253.18M $253.85M $754.08M
Tax Payables $7.20M $9.61M $9.53M $7.96M $17.10M $18.20M $16.73M $8.11M $19.06M $10.12M $9.70M $8.84M $8.34M $10.50M $9.93M $9.18M $9.58M $11.84M $11.13M $9.39M
Deferred Revenue $127.31M $183.98M $191.32M $164.39M $241.26M $175.80M $230.07M $145.40M $154.55M $216.93M $199.83M $195.55M $184.38M $184.34M $177.00M $174.35M $113.12M $155.80M $130.67M $133.55M
Other Current Liabilities $154.94M $125.90M $138.89M $283.85M $113.89M $301.89M $375.81M $137.41M $-77.01M $141.23M $147.92M $116.86M $72.94M $99.69M $137.96M $87.67M $122.09M $101.20M $130.65M $95.60M
Total Current Liabilities $1.80B $667.84M $2.46B $2.41B $1.36B $663.15M $738.39M $638.78M $696.76M $1.33B $1.32B $640.29M $616.33M $592.02M $626.01M $560.76M $614.80M $551.25M $552.66M $1.02B
Long Term Debt $1.90B $14.23B $12.23B $12.36B $13.55B $14.47B $14.59B $14.83B $14.88B $13.71B $13.86B $14.02B $14.26B $13.84B $13.97B $14.06B $13.17B $12.77B $12.67B $12.20B
Deferred Revenue Non-Current $- $- $194.43M $164.39M $241.26M $185.79M $242.00M $155.41M $179.74M $233.52M $211.38M $203.23M $190.03M $187.32M $180.31M $176.36M $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $-2.59B $1.65B $119.21M $-185.79M $-242.00M $-155.41M $60.94M $-233.52M $-211.38M $-203.23M $70.73M $-187.32M $-180.31M $-176.36M $- $- $- $-
Other Non-Current Liabilities $10.97B $432.16M $373.70M $411.39M $404.16M $332.22M $330.84M $302.72M $248.07M $221.02M $227.58M $232.80M $191.47M $183.55M $185.59M $179.07M $186.25M $181.01M $459.35M $438.05M
Total Non-Current Liabilities $12.88B $14.66B $12.60B $12.77B $13.95B $14.80B $14.92B $15.13B $15.13B $13.93B $14.09B $14.89B $14.45B $14.02B $14.16B $14.23B $13.35B $12.95B $13.13B $12.64B
Other Liabilities $1.80B $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Total Liabilities $16.47B $15.33B $15.06B $15.18B $15.31B $15.47B $15.66B $15.77B $15.83B $15.27B $15.41B $15.53B $15.07B $14.61B $14.78B $14.79B $13.97B $13.51B $13.68B $13.66B
Preferred Stock $- $- $701.78M $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Common Stock $1.08M $1.07M $1.07M $1.08M $1.08M $1.08M $1.08M $1.08M $1.08M $1.08M $1.08M $1.08M $1.09M $1.09M $1.09M $1.09M $1.10M $1.11M $1.12M $1.12M
Retained Earnings $-7.33B $-7.39B $-7.55B $-7.51B $-7.45B $-7.42B $-7.36B $-7.47B $-7.48B $-7.51B $-7.53B $-7.52B $-7.20B $-6.89B $-6.76B $-6.85B $-6.60B $-6.18B $-5.97B $-5.94B
Accumulated Other Comprehensive Income Loss $-760.34M $-723.65M $-701.78M $-629.74M $-615.20M $-594.30M $-555.57M $-596.17M $-590.51M $-613.89M $-626.47M $-591.36M $-762.31M $-780.51M $-739.00M $-808.43M $-807.58M $-873.61M $-867.88M $-846.85M
Other Total Stockholders Equity $2.98B $2.94B $2.93B $2.92B $2.89B $2.85B $2.82B $2.80B $2.80B $2.76B $2.72B $2.69B $2.68B $2.71B $2.66B $2.61B $2.59B $2.56B $2.53B $2.47B
Total Stockholders Equity $-5.11B $-5.17B $-5.32B $-5.22B $-5.17B $-5.17B $-5.09B $-5.27B $-5.28B $-5.36B $-5.44B $-5.43B $-5.28B $-4.96B $-4.84B $-5.05B $-4.82B $-4.49B $-4.30B $-4.32B
Total Equity $-5.06B $-5.13B $-5.28B $-5.19B $-5.14B $-5.13B $-5.05B $-5.23B $-5.24B $-5.32B $-5.40B $-5.39B $-5.27B $-4.94B $-4.82B $-5.03B $-4.81B $-4.47B $-4.29B $-4.30B
Total Liabilities and Stockholders Equity $11.42B $10.20B $9.79B $10.00B $10.18B $10.33B $10.60B $10.54B $10.59B $9.94B $10.01B $10.14B $9.80B $9.67B $9.96B $9.76B $9.16B $9.03B $9.39B $9.36B
Minority Interest $54.13M $49.09M $40.82M $36.58M $35.05M $35.05M $37.57M $38.18M $31.73M $40.62M $39.88M $36.04M $17.25M $15.18M $15.18M $13.68M $15.19M $15.19M $14.35M $14.48M
Total Liabilities and Total Equity $11.42B $10.20B $9.79B $10.00B $10.18B $10.33B $10.60B $10.54B $10.59B $9.94B $10.01B $10.14B $9.80B $9.67B $9.96B $9.76B $9.16B $9.03B $9.39B $9.36B
Total Investments $275.31M $16.25M $30.40M $121.25M $134.53M $32.71M $56.54M $38.93M $42.03M $65.16M $82.92M $45.62M $47.89M $48.72M $51.94M $55.52M $57.58M $60.01M $225.85M $-63.81M
Total Debt $3.35B $14.52B $12.28B $12.36B $14.46B $14.77B $14.89B $15.13B $15.17B $14.63B $14.78B $14.94B $14.52B $14.10B $14.24B $14.31B $13.43B $13.03B $12.92B $12.96B
Net Debt $3.16B $14.34B $12.00B $12.10B $14.22B $14.58B $14.71B $14.97B $15.03B $14.43B $14.60B $14.67B $14.16B $13.91B $13.97B $14.13B $13.12B $12.75B $12.72B $12.77B

Annual Cash Flow

Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020
Net Income $748.68M $501.81M $459.80M $237.62M $24.05M
Depreciation and Amortization $269.52M $736.51M $707.58M $700.16M $721.97M
Deferred Income Tax $-13.09M $4.63M $32.90M $-8.55M $-63.19M
Stock Based Compensation $74.37M $87.92M $99.91M $84.40M $68.89M
Change in Working Capital $-143.06M $64.47M $-81.12M $-34.98M $47.09M
Accounts Receivables $18.11M $44.39M $-81.35M $-38.24M $38.20M
Inventory $- $- $81.35M $38.24M $-38.20M
Accounts Payables $-4.40M $- $20.12M $4.73M $8.09M
Other Working Capital $-156.76M $20.08M $-101.24M $-39.71M $39.00M
Other Non Cash Items $398.44M $149.05M $98.64M $211.21M $327.22M
Net Cash Provided by Operating Activities $1.33B $1.54B $1.32B $1.19B $1.13B
Investments in Property Plant and Equipment $-228.15M $-318.31M $-214.44M $-133.64M $-128.57M
Acquisitions Net $- $-129.96M $-1.18B $-1.26B $-271.42M
Purchases of Investments $-1.80B $-1.34B $-881.78M $-1.73B $-1.29B
Sales Maturities of Investments $1.54B $1.34B $502.94M $1.73B $1.24B
Other Investing Activities $-317.23M $-19.30M $375.72M $-31.23M $3.12M
Net Cash Used for Investing Activities $-809.31M $-468.25M $-1.39B $-1.42B $-446.37M
Debt Repayment $1.24B $-540.00M $569.88M $1.17B $746.24M
Common Stock Issued $- $- $- $- $-
Common Stock Repurchased $-200.02M $-100.01M $-431.67M $-582.58M $-859.34M
Dividends Paid $-424.19M $-369.96M $-306.77M $-253.58M $-207.69M
Other Financing Activities $29.76M $-7.25M $33.07M $1.95M $-148.23M
Net Cash Used Provided by Financing Activities $645.74M $-1.02B $-167.47M $339.26M $-469.02M
Effect of Forex Changes on Cash $-21.59M $2.73M $-2.92M $-13.10M $-8.96M
Net Change in Cash $1.15B $61.66M $-246.34M $92.82M $201.69M
Cash at End of Period $1.40B $250.95M $189.28M $435.63M $342.81M
Cash at Beginning of Period $250.95M $189.28M $435.63M $342.81M $141.12M
Operating Cash Flow $1.33B $1.54B $1.32B $1.19B $1.13B
Capital Expenditure $-228.15M $-236.70M $-214.44M $-133.64M $-128.57M
Free Cash Flow $1.11B $1.31B $1.10B $1.06B $997.47M

Cash Flow Charts

Breakdown December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 June 30, 2020 March 31, 2020
Net Income $178.79M $255.89M $162.83M $154.54M $109.53M $85.36M $201.97M $100.55M $102.58M $99.76M $69.15M $188.31M $48.90M $47.80M $152.67M $-11.74M $106.19M $22.68M $23.12M $-127.93M
Depreciation and Amortization $65.07M $63.52M $69.86M $81.74M $395.91M $180.67M $181.82M $182.41M $183.04M $173.82M $176.39M $174.32M $169.90M $170.92M $175.47M $183.88M $180.38M $180.30M $178.71M $182.58M
Deferred Income Tax $- $30.18M $-21.41M $8.28M $6.09M $-1.20M $-36.58M $36.32M $17.37M $-7.48M $-11.25M $34.26M $-5.80M $-16.91M $41.00M $-26.84M $29.92M $-15.40M $-5.50M $-72.20M
Stock Based Compensation $17.93M $16.37M $18.60M $21.47M $22.09M $21.37M $18.25M $26.21M $25.77M $25.49M $23.90M $24.75M $25.23M $17.11M $21.64M $20.42M $16.98M $17.06M $18.58M $16.28M
Change in Working Capital $- $-62.30M $61.99M $-69.61M $53.50M $-65.57M $119.23M $-42.90M $-67.04M $-23.84M $22.54M $-12.77M $-19.09M $-63.94M $47.37M $689.00K $-40.81M $17.77M $53.50M $16.63M
Accounts Receivables $- $-27.08M $29.27M $50.91M $-14.29M $9.11M $40.46M $9.10M $-47.46M $-25.82M $1.73M $-9.81M $-31.87M $-12.95M $11.11M $-4.52M $-10.08M $14.14M $14.41M $19.71M
Inventory $- $- $- $- $14.29M $-9.11M $-40.46M $-9.10M $47.46M $25.82M $-1.73M $- $- $- $- $- $- $- $- $-
Accounts Payables $-2.19M $16.80M $-2.98M $-20.39M $-48.07M $6.25M $-15.60M $-8.90M $6.97M $16.13M $3.94M $-6.92M $-3.68M $5.31M $7.77M $-4.67M $2.42M $1.58M $8.82M $-4.72M
Other Working Capital $-37.97M $-52.02M $64.97M $-49.21M $101.56M $-71.81M $134.83M $-33.99M $-74.01M $-39.97M $18.60M $-5.86M $-15.41M $-69.26M $39.60M $5.36M $-43.23M $16.19M $44.68M $21.35M
Other Non Cash Items $48.42M $994.00K $273.61M $303.37M $-154.50M $93.04M $2.24M $8.37M $26.92M $64.72M $91.38M $-84.38M $79.44M $98.02M $-85.36M $119.11M $-49.53M $68.08M $46.28M $262.39M
Net Cash Provided by Operating Activities $310.22M $304.65M $425.59M $294.45M $432.61M $313.68M $486.93M $310.97M $288.63M $332.47M $372.12M $324.48M $298.57M $252.99M $352.78M $285.52M $243.12M $290.49M $314.68M $277.74M
Investments in Property Plant and Equipment $-55.55M $-64.76M $-91.59M $-77.28M $-99.83M $-61.39M $-63.45M $-49.13M $-66.09M $-57.38M $-52.96M $-38.01M $-43.29M $-34.98M $-30.84M $-24.54M $-33.20M $-28.39M $-27.69M $-39.29M
Acquisitions Net $- $-207.39M $-41.62M $-19.41M $-37.11M $-53.11M $-19.81M $-19.93M $-757.37M $-65.14M $-138.40M $-215.18M $-69.95M $-57.90M $-77.17M $-1.05B $-71.52M $-80.86M $-29.50M $-89.53M
Purchases of Investments $-238.56M $-523.42M $-369.37M $-311.84M $-333.88M $61.39M $-20.14M $-213.37M $-375.20M $-224.96M $-38.82M $-30.39M $-975.58M $-354.00K $-163.00K $-755.01M $-438.00K $-153.24M $-225.01M $-610.01M
Sales Maturities of Investments $- $527.60M $340.65M $311.00M $333.35M $20.37M $63.45M $213.00M $20.10M $15.26M $212.41M $30.21M $975.20M $217.00K $63.00K $755.00M $4.21M $171.76M $300.00M $610.00M
Other Investing Activities $-34.79M $-5.94M $-899.00K $-7.20M $31.10M $-70.78M $-71.64M $-77.33M $376.22M $226.60M $-212.04M $-2.51M $-31.82M $4.00K $-56.00K $641.00K $7.96M $151.33M $-299.75M $-3.18M
Net Cash Used for Investing Activities $-328.89M $-273.90M $-121.21M $-85.31M $-106.37M $-103.53M $-111.58M $-146.76M $-802.34M $-105.62M $-229.81M $-255.88M $-145.44M $-93.01M $-108.17M $-1.08B $-92.99M $60.59M $-281.96M $-132.01M
Debt Repayment $1.26B $34.25M $-80.76M $21.82M $-190.00M $-80.00M $-225.00M $-51.00M $310.00M $-120.00M $-150.00M $330.00M $433.02M $-85.19M $-112.53M $938.17M $355.85M $135.32M $6.69M $224.37M
Common Stock Issued $- $-21.30M $- $- $- $- $7.37M $11.94M $4.56M $13.51M $- $- $- $36.99M $- $- $- $- $- $-
Common Stock Repurchased $- $200.02M $-93.86M $-106.16M $-46.36M $-53.65M $-719.00K $-26.66M $-53.00K $-283.00K $1.00K $-431.67M $-298.24M $-115.42M $1.00K $-168.92M $-480.35M $-175.66M $-1.55M $-203.33M
Dividends Paid $-105.38M $-105.34M $-105.33M $-108.14M $-91.76M $-92.13M $-92.14M $-93.93M $-76.66M $-76.66M $-76.56M $-76.87M $-63.12M $-63.56M $-63.48M $-63.41M $-51.49M $-52.03M $-51.97M $-52.20M
Other Financing Activities $20.10M $5.18M $3.43M $1.05M $16.56M $-4.99M $-4.39M $10.86M $197.31M $-6.91M $2.31M $26.79M $-41.01M $27.40M $20.06M $-4.49M $21.22M $-169.76M $36.49M $-12.18M
Net Cash Used Provided by Financing Activities $1.18B $-65.91M $-276.52M $-191.41M $-311.55M $-230.78M $-314.16M $-160.73M $430.59M $-190.06M $-224.25M $-183.75M $30.65M $-236.78M $-155.95M $701.34M $-154.77M $-262.13M $-8.79M $-43.34M
Effect of Forex Changes on Cash $-11.76M $3.51M $-9.05M $-4.34M $4.17M $-2.80M $1.14M $416.00K $-7.48M $-7.89M $-3.51M $15.96M $-2.55M $-7.61M $7.96M $-10.90M $11.46M $-4.62M $-1.91M $-13.90M
Net Change in Cash $1.15B $-31.65M $18.78M $13.53M $18.91M $-23.43M $62.33M $3.90M $-90.59M $28.90M $-85.46M $-99.19M $181.23M $-84.41M $96.62M $-100.62M $6.83M $84.33M $22.02M $88.50M
Cash at End of Period $1.40B $251.49M $278.98M $260.20M $246.68M $232.08M $255.51M $193.18M $189.28M $279.87M $250.98M $336.44M $435.63M $254.40M $338.81M $242.19M $342.81M $335.97M $251.64M $229.62M
Cash at Beginning of Period $251.49M $283.14M $260.20M $246.68M $227.77M $255.51M $193.18M $189.28M $279.87M $250.98M $336.44M $435.63M $254.40M $338.81M $242.19M $342.81M $335.97M $251.64M $229.62M $141.12M
Operating Cash Flow $310.22M $304.65M $425.59M $294.45M $432.61M $313.68M $486.93M $310.97M $288.63M $332.47M $372.12M $324.48M $298.57M $252.99M $352.78M $285.52M $243.12M $290.49M $314.68M $277.74M
Capital Expenditure $-55.55M $-64.76M $-91.59M $-77.28M $-99.83M $-61.39M $-63.45M $-49.13M $-66.09M $-57.38M $-52.96M $-38.01M $-43.29M $-34.98M $-30.84M $-24.54M $-33.20M $-28.39M $-27.69M $-39.29M
Free Cash Flow $254.68M $239.90M $334.00M $217.18M $332.78M $252.29M $423.49M $261.84M $222.54M $275.09M $319.15M $286.47M $255.28M $218.02M $321.94M $260.98M $209.93M $262.10M $286.99M $238.45M

SBA Communications Dividends

Explore SBA Communications's dividend history, including dividend yield, payout ratio, and historical payments.

Dividend Yield

1.93%

Dividend Payout Ratio

56.59%

Dividend Paid & Capex Coverage Ratio

2.05x

SBA Communications Dividend History

Dividend Adjusted Dividend Date Record Date Payment Date Declaration Date
$1.11 $1.11 March 13, 2025 March 13, 2025 March 27, 2025 February 24, 2025
$0.98 $0.98 November 14, 2024 November 14, 2024 December 12, 2024 October 27, 2024
$0.98 $0.98 August 22, 2024 August 22, 2024 September 18, 2024 July 29, 2024
$0.98 $0.98 May 22, 2024 May 23, 2024 June 19, 2024 April 29, 2024
$0.98 $0.98 March 13, 2024 March 14, 2024 March 28, 2024 February 26, 2024
$0.85 $0.85 November 15, 2023 November 16, 2023 December 14, 2023 November 02, 2023
$0.85 $0.85 August 23, 2023 August 24, 2023 September 20, 2023 July 31, 2023
$0.85 $0.85 May 25, 2023 May 26, 2023 June 21, 2023 May 01, 2023
$0.85 $0.85 March 09, 2023 March 10, 2023 March 24, 2023 February 21, 2023
$0.71 $0.71 November 16, 2022 November 17, 2022 December 15, 2022 October 31, 2022
$0.71 $0.71 August 24, 2022 August 25, 2022 September 20, 2022 August 01, 2022
$0.71 $0.71 May 18, 2022 May 19, 2022 June 14, 2022 April 25, 2022
$0.71 $0.71 March 09, 2022 March 10, 2022 March 25, 2022 February 28, 2022
$0.58 $0.58 November 17, 2021 November 18, 2021 December 16, 2021 November 01, 2021
$0.58 $0.58 August 25, 2021 August 26, 2021 September 23, 2021 August 02, 2021
$0.58 $0.58 May 19, 2021 May 20, 2021 June 15, 2021 April 26, 2021
$0.58 $0.58 March 09, 2021 March 10, 2021 March 26, 2021 February 22, 2021
$0.465 $0.465 November 18, 2020 November 19, 2020 December 17, 2020 November 02, 2020
$0.465 $0.465 August 24, 2020 August 25, 2020 September 22, 2020 August 03, 2020
$0.465 $0.465 May 27, 2020 May 28, 2020 June 18, 2020 May 05, 2020

SBA Communications News

Read the latest news about SBA Communications, including recent articles, headlines, and updates.

SBA Communications: Headwinds Persist, But Growth Potential Remains (Rating Downgrade)

SBA Communications faces headwinds, particularly in Brazil, but remains a compelling buy due to strong fundamentals, dividend coverage, and upside potential. The recent acquisition of 7,000 towers from Millicom is expected to drive growth and establish a leading position in Central America. Despite foreign exchange challenges, SBAC's AFFO and revenue have shown solid growth, and the REIT continues to deleverage its balance sheet effectively.

News image

Here's Why You Should Add SBA Communications Stock to Your Portfolio

SBAC is set for healthy growth with extensive infrastructure assets amid rising consumer demand and the adoption of data-driven mobile devices and applications.

News image

Bet on These 3 Equity REIT Stocks Despite Industry Challenges

The Zacks REIT and Equity Trust - Other industry players such as WELL, SBAC and SLG are likely to benefit from healthy fundamentals and improving demand.

News image

3 REITs To Buy Before They Hike Their Dividend

REIT dividend payments continue to grow. Some REITs are growing at a double-digit rate. I highlight three undervalued REITs to buy before they hike their dividend again.

News image

My Top 15 High-Growth Dividend Stocks For March 2025

The SPDR S&P 500 ETF Trust stumbled in February but managed to maintain a positive return in 2025. The Top 15 dividend growth stocks for March 2025 offer an average dividend yield of 1.13% and appear to be about 25% undervalued based on dividend yield theory. Since its inception in September 2020, the watch list has achieved a 10.63% compound annual growth rate.

News image

SBA Communications Q4 AFFO & Revenues Beat Estimates, Dividend Hiked

SBAC's Q4 results reflect growth in site-leasing and site-development revenues.

News image

Here's What Key Metrics Tell Us About SBA Communications (SBAC) Q4 Earnings

The headline numbers for SBA Communications (SBAC) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

News image

SBA Communications (SBAC) Beats Q4 FFO and Revenue Estimates

SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.47 per share, beating the Zacks Consensus Estimate of $3.37 per share. This compares to FFO of $3.37 per share a year ago.

News image

SBA Communications Corporation Reports Fourth Quarter 2024 Results; Provides Full Year 2025 Outlook; and Declares Quarterly Cash Dividend

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended December 31, 2024. Highlights of the fourth quarter include: Net income of $178.8 million or $1.61 per share Industry-leading AFFO per share of $3.47 Quarter-ending Net Debt to Annualized Adjusted EBITDA leverage ratio lowest in company history Industry-leading dividend growth In addition, the Company announced today that its Board of Directors h.

News image

Countdown to SBA Communications (SBAC) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

Besides Wall Street's top -and-bottom-line estimates for SBA Communications (SBAC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.

News image

What's in the Cards for SBA Communications This Earnings Season?

SBAC's Q4 results may be affected by ongoing consolidation and high interest expenses despite rising demand for wireless communications infrastructure.

News image

SBA Communications Corporation to Speak at the Morgan Stanley Technology, Media and Telecom Conference

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at the Morgan Stanley Technology, Media and Telecom Conference on Wednesday, March 5, 2025 at 7:45am PT. The conference will be at the Palace Hotel in San Francisco, California. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Corporation is a leadi.

News image

SBA Communications Corporation to Speak at the Raymond James & Associates 46th Annual Institutional Investors Conference

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, President and Chief Executive Officer, is scheduled to speak at the Raymond James & Associates 46th Annual Institutional Investors Conference on Monday, March 3, 2025 at 10:25am ET. The conference will be at the JW Marriott Grand Lakes in Orlando, Florida. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA.

News image

REITs To Favor In 2025

REITs are available in more than 20 different property sectors. Some are more attractive than others. Here are three of my favorite REIT property sectors to buy in 2025.

News image

SBA Communications Corporation Sets Date for Fourth Quarter 2024 Earnings Release

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its fourth quarter results on Monday, February 24, 2025 after market close. SBA will host a conference call on Monday, February 24, 2025 to discuss these results. The call may be accessed as follows: When: Monday, February 24, 2025 at 5:00 PM (EDT) Dial-in Number: 1-202-735-3323 Access Code: 8704344 Conference Name: SBA Fourth Quarter 2024 Results Replay Available: (8.

News image

SBA Communications Corporation Announces Tax Reporting Information for 2024 Distributions

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today announced year-end tax reporting information for its 2024 distributions. Stockholders are urged to consult with their personal tax advisors as to their specific tax treatment. SBA Communications Corporation Common Stock CUSIP 78410G104 Ticker Symbol: SBAC Record Date Payment Date Cash Distribution (per share) Ordinary Taxable Dividends (per share) Section 199A Dividends (1) (per share.

News image

SBA Communications: Mission-Critical Assets At A Hefty Discount

SBA Communications' stock has dropped to far below historical valuation, creating an attractive entry point for long-term investors in mission-critical wireless infrastructure. SBAC benefits from durable revenue streams, low tenant turnover, and strong profitability, supported by a high EBITDA margin and growing international presence. Recent Central American acquisition enhances growth prospects, while disciplined capital allocation supports dividend growth and financial flexibility.

News image

2 REITs Investors Should Own In 2025

The REIT market has something for everyone. There are income, growth, and deep value opportunities. But a few REITs have it all. We highlight 2 such REITs to own in 2025.

News image

Retire Rich: 2 Undervalued REITs To Secure Your Income Stream

Realty Income and Crown Castle offer high yields and trade below intrinsic values, making them attractive for income investors. Realty Income's triple net lease model, high credit rating, and global expansion ensure stable cash flows and consistent dividend growth. Crown Castle's extensive cell tower, small cell, and fiber assets position it well for growth in the digital economy.

News image

Is it Wise to Retain SBA Communications Stock in Your Portfolio Now?

The rising adoption of data-driven devices and applications aids SBAC. High customer concentration and the ongoing consolidation in the wireless industry ail.

News image

SBA Communications Corporation to Speak at the UBS Global Media and Communications Conference

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at the UBS Global Media and Communications Conference, Tuesday, December 10, 2024 at 9:00 AM (ET). The conference will be at the UBS Office on 11 Madison Avenue in New York. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Corporation is a leading i.

News image

Nvidia's Profit Ruled Last Quarter — Now It's These 8 Stocks' Turn

Nvidia reported third-quarter profit that doubled — putting it near the top of the S&P 500's growth. But look for profit growth elsewhere.

News image

SBA Communications Corporation to Speak at the BofA Securities 2024 Leveraged Finance Conference

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at the BofA Securities 2024 Leveraged Finance Conference, Tuesday, December 3, 2024 at 4:10 PM (ET). The conference will be at The Boca Raton in Boca Raton, Florida. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Corporation is a leading independe.

News image

SBA Communications: Still An Appealing Play Despite Mixed Quarterly Results

SBA Communications Corporation reported mixed Q3 2024 results, with earnings per share and FFO exceeding estimates but revenue falling short, leading to a tepid market reaction. Despite revenue decline, the company raised full-year 2024 guidance, showing confidence in future performance and maintaining a bullish outlook. Shares have outperformed the S&P 500 by 22% since April, and the stock remains a decent 'buy' candidate due to its valuation and stability.

News image

SBA Communications' Q3 AFFO Meets Estimates, Revenues Fall Y/Y

SBAC's Q3 results reflect marginal improvement in domestic cash site-leasing revenues with increasing carrier activity. Lower site development revenues hurt.

News image

SBA Communications Corporation (SBAC) Q3 2024 Earnings Call Transcript

SBA Communications Corporation (NASDAQ:SBAC ) Q3 2024 Earnings Conference Call October 28, 2024 5:00 PM ET Company Participants Mark DeRussy - VP of Finance Brendan Cavanagh - CEO Marc Montagner - CFO Conference Call Participants Batya Levi - UBS Ric Prentiss - Raymond James Jim Schneider - Goldman Sachs Brandon Nispel - KeyBanc Simon Flannery - Morgan Stanley Jon Atkin - RBC Richard Choe - JPMorgan Matt Niknam - Deutsche Bank Nick Del Deo - MoffettNathanson Eric Luebchow - Wells Fargo Securities Walter Piecyk - LightShed Partners David Barden - Bank of America Michael Rollins - Citi Brendan Lynch - Barclays David Guarino - Green Street Operator Thank you for standing by, and welcome to the SBA Communications Third Quarter Results Conference. At this time all participants are in a listen-only mode.

News image

Compared to Estimates, SBA Communications (SBAC) Q3 Earnings: A Look at Key Metrics

The headline numbers for SBA Communications (SBAC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

News image

SBA Communications (SBAC) Matches Q3 FFO Estimates

SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.32 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $3.34 per share a year ago.

News image

SBA Communications raises annual adjusted FFO forecast on steady demand

SBA Communications raised its annual forecast for adjusted funds from operations on Monday, anticipating a steady wireless carrier activity on the back of growing demand for 5G network.

News image

SBA Communications Corporation Reports Third Quarter 2024 Results; Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended September 30, 2024. Highlights of the third quarter include: Net income of $255.9 million or $2.40 per share Industry-leading AFFO per share of $3.32 Increased full year 2024 outlook across all key metrics Issued $2.07 billion of Tower Securities at a blended effective rate of 4.778%, more than 1% below the previously estimated rate Entered into.

News image

Similar Companies

A
American Tower Corporation

AMT

Price: $212.80

Market Cap: $99.47B

C
Crown Castle Inc.

CCI

Price: $104.31

Market Cap: $45.42B

D
Digital Realty Trust, Inc.

DLR

Price: $155.49

Market Cap: $52.34B

E
Equinix, Inc.

EQIX

Price: $852.44

Market Cap: $82.97B

H
Hannon Armstrong Sustainable Infrastructure Capital, Inc.

HASI

Price: $29.22

Market Cap: $3.49B

I
Iron Mountain Incorporated

IRM

Price: $90.09

Market Cap: $26.46B

Related Metrics

Explore detailed financial metrics and analysis for SBAC.