SBA Communications (SBAC) News
Market Cap: $23.30B
Avg Volume: 832.31K
Industry: REIT - Specialty
Sector: Real Estate
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.
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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.
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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.
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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.
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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.
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SBA Communications Q4 AFFO & Revenues Beat Estimates, Dividend Hiked
SBAC's Q4 results reflect growth in site-leasing and site-development revenues.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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What's in the Cards for SBA Communications Stock This Earnings Season?
SBAC's Q3 earnings are likely to have been affected by ongoing consolidation in the wireless industry and higher churn.
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Unveiling SBA Communications (SBAC) Q3 Outlook: Wall Street Estimates for Key Metrics
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 September 2024.
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These Magnificent Dividend Stocks Have Made Investors a Lot Richer Over the Past 20 Years
These five REITs ranked as the top performers over the past two decades.
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SBA Communications Corporation: A Capital Structure Supporting Dividend Growth (Earnings Preview)
The Fed easing monetary conditions impacts cell tower REITs considerably given the capital intensity of investments and the dividends they pay. Utilizing a higher level of debt, lower rates should have a better impact on SBAC Communications, namely on profitability and FFO, meaning it deserves better. Also, a comparison with peers indicates its capital structure may be more suitable for the current environment without forgetting the growth drivers likely to offset weakness.
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3 REITs Likely to Turn Out Winners This Earnings Season
With the REIT industry offering a real estate structure for several economic activities - real or virtual - there are pockets of strength. This is likely to be reflected in the earnings releases of DLR, AVB and SBAC.
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SBA Communications (SBAC) Surges 4.0%: Is This an Indication of Further Gains?
SBA Communications (SBAC) was a big mover last session on higher-than-average trading volume. The latest trend in FFO estimate revisions might not help the stock continue moving higher in the near term.
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SBA Communications Corporation Sets Date for Third Quarter 2024 Earnings Release
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its third quarter results on Monday, October 28, 2024 after market close. SBA will host a conference call on Monday, October 28, 2024 to discuss these results. The call may be accessed as follows: When: Monday, October 28, 2024 at 5:00 PM (ET) Dial-in Number: 877-692-8955 Access Code: 3722027 Conference Name: SBA Third Quarter 2024 Results Replay Available:.
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SBAC Stock Rises 22% in Three Months: Will the Trend Continue?
SBAC is set for healthy growth with extensive infrastructure assets amid rising consumer demand and adoption of data-driven mobile devices and applications.
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Why Is SBA Communications (SBAC) Up 4.9% Since Last Earnings Report?
SBA Communications (SBAC) reported earnings 30 days ago. What's next for the stock?
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SBA Communications (SBAC) Up 13.3% in 3 Months: Will This Last?
SBA Communications (SBAC) is likely to experience healthy growth momentum with solid demand for its extensive infrastructure assets, driven by the rising adoption of data-driven mobile devices and applications.
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Is It Wise to Retain SBA Communications (SBAC) Stock for Now?
SBA Communications (SBAC) is likely to benefit from the rising adoption of data-driven devices and applications. However, high customer concentration and the ongoing consolidation in the wireless industry are concerns.
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The 3 Best REITs to Buy in August 2024
In recent years, real estate investment trusts (REITs) have notably underperformed compared to broader market indices, largely due to elevated interest rates. High interest rates place significant pressure on REIT share prices for two primary reasons.
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4 REITs With Fastest Dividend Growth
REITs have crashed, but their dividends have kept growing. Some of them are growing their dividends at a very rapid pace. Here are 4 REITs with >10% annual dividend growth rates.
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This Could Be Your Last Chance To Win Big With REITs
REITs are still priced at historically low valuations. But not for much longer. The recovery has finally begun, and I think that it will continue.
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SBA Communications' (SBAC) Q2 AFFO Beat, Revenues Fall Y/Y
SBA Communications' (SBAC) Q2 results reflect a year-over-year site-leasing revenue growth on healthy leasing activity.
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SBA Communications Corporation (SBAC) Q2 2024 Earnings Call Transcript
SBA Communications Corporation (NASDAQ:SBAC ) Q2 2024 Earnings Call Transcript July 29, 2024 5:00 PM ET Company Participants Mark DeRussy - VP of Finance Brendan Cavanagh - CEO Marc Montagner - CFO Conference Call Participants David Barden - Bank of America Simon Flannery - Morgan Stanley Jim Schneider - Goldman Sachs Michael Elias - TD Cowen Richard Choe - JPMorgan Ric Prentiss - Raymond James Jon Atkin - RBC Michael Rollins - Citi Nick Del Deo - MoffettNathanson Brandon Nispel - KeyBanc Matt Niknam - Deutsche Bank Brendan Lynch - Barclays Ari Klein - BMO Capital Markets Jonathan Chaplin - New Street Batya Levi - UBS David Guarino - Green Street Operator Ladies and gentlemen, thank you for standing by. Welcome to the SBA Second Quarter Results Conference Call.
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SBA Communications (SBAC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for SBA Communications (SBAC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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SBA Communications (SBAC) Tops Q2 FFO Estimates
SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.29 per share, beating the Zacks Consensus Estimate of $3.28 per share. This compares to FFO of $3.24 per share a year ago.
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Why REITs Are Far Better Investments Than Treasuries
Treasuries offer higher yields than REITs. But REITs are still much better investments. I explain why and highlight some of our top picks.
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Seeking Clues to SBA Communications (SBAC) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
Beyond analysts' top -and-bottom-line estimates for SBA Communications (SBAC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
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What's in Store for SBA Communications (SBAC) in Q2 Earnings?
SBA Communications' (SBAC) Q2 earnings are likely to have benefitted from the secular growth trends of the wireless industry, though high interest rates may have hurt it.
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3 Once-In-A-Decade REIT Buying Opportunities
REITs are priced at near their lowest valuations in 16 years. But the window of opportunity could be closing soon. I highlight 3 REITs that could enjoy 50%+ upside potential.
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Let The REIT Rally Begin
REITs are finally surging! Interest rates are expected to be cut significantly in the near term. I explain why I think that this is just the beginning of the rally.
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3 REITs to Buy Now
Real estate investment trusts (REITs) can be a great way for investors to earn a steady income. It's important to diversify your portfolio.
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Very Good News For REIT Investors
REITs have been in a bear market for two years. But we recently had some excellent news that suggests that REITs could soon recover. I present some of my favorite opportunities to buy today.
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What I Wish I Knew Before Buying REITs
I have made a lot of money investing in REITs. But I have also had to learn some lessons the hard way. Here are 5 things that I wish I knew before investing in REITs.
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Multiply Your Income With These Great 6-8% Yields
Income investing is not just for retirees; it can provide financial independence and stability for investors of all ages. Crown Castle and Ladder Capital are two dividend picks with yields of 6.4% and 8.2%, respectively, trading below intrinsic values and are well-managed. Crown Castle has stable revenue growth from long-term contracts and rising data demand, while Ladder Capital benefits from a diversified portfolio and strong balance sheet.
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Sell Alert: 3 REITs That Could Cut Their Dividend
Not all REITs are in a position to grow their dividend. In fact, quite a few are at high risk of cutting it. Here are 3 REITs that will likely cut the cheese.
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Why I Quit Buying Rental Properties To Buy REITs Instead
REITs are better investments than rental properties in most cases. They are not only safer, but they are also more rewarding. Even then, many investors favor rental properties due to misconceptions. Let's correct them once and for all.
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An Important Warning To REIT Investors
The window of opportunity to buy REITs could be closing. They enjoy a very strong catalyst going into 2025. Warning: this could be your final chance to buy REITs at such low valuations.
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8 Surprising Reasons REITs Will Save You Big On Taxes
REITs are historically cheap right now. They also offer significant tax benefits. Here are 8 REIT tax advantages that are underappreciated.
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SBA Communications Co. (SBAC) To Go Ex-Dividend on May 22nd
SBA Communications Co. (NASDAQ:SBAC – Get Free Report) announced a quarterly dividend on Monday, April 29th, RTT News reports. Shareholders of record on Thursday, May 23rd will be given a dividend of 0.98 per share by the technology company on Wednesday, June 19th. This represents a $3.92 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, May 22nd. SBA Communications has increased its dividend payment by an average of 22.3% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. SBA Communications has a payout ratio of 48.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SBA Communications to earn $12.51 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 31.3%. SBA Communications Trading Down 1.7 % Shares of SBAC opened at $199.38 on Monday. The company’s 50-day moving average price is $205.70 and its 200 day moving average price is $222.49. SBA Communications has a 12-month low of $183.64 and a 12-month high of $258.76. The firm has a market cap of $21.42 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. SBA Communications (NASDAQ:SBAC – Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.21 by $0.21. SBA Communications had a net margin of 20.61% and a negative return on equity of 10.75%. The firm had revenue of $657.86 million for the quarter, compared to analyst estimates of $671.08 million. During the same period in the prior year, the business posted $3.13 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. Equities research analysts forecast that SBA Communications will post 12.53 earnings per share for the current year. Insider Activity at SBA Communications In other news, Director Mary S. Chan sold 1,977 shares of SBA Communications stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $217.99, for a total value of $430,966.23. Following the transaction, the director now directly owns 4,622 shares of the company’s stock, valued at approximately $1,007,549.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock. Wall Street Analyst Weigh In Several research firms recently issued reports on SBAC. StockNews.com raised SBA Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. TD Cowen lowered their price objective on shares of SBA Communications from $266.00 to $253.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. KeyCorp cut their target price on shares of SBA Communications from $276.00 to $227.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. Royal Bank of Canada decreased their price target on shares of SBA Communications from $250.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Finally, Wells Fargo & Company decreased their price objective on SBA Communications from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, April 30th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $252.25. Read Our Latest Analysis on SBAC About SBA Communications (Get Free Report) SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.
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2 Solid Buy-The-Dip Dividends For May
Earnings season presents opportunities to buy quality stocks at discounted prices due to exaggerated market reactions. Prologis and Crown Castle have fallen in price, creating attractive entry points for long-term investors. Both companies have strong fundamentals and above-average dividend yields, making them appealing buys at their current valuations.
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SBA Communications Corporation to Speak at The JP Morgan 52nd Annual Global Technology, Media and Communications 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 JP Morgan 52nd Annual Global Technology, Media and Communications Conference, Monday, May 20, 2024 at 10:00am ET. The conference will be at The Westin Boston Seaport District in Boston, Massachusetts. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporat.
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SBA Communications: Value Investors Having The Last Laugh
Q1-2024 results showed marginal revenue growth and SBAC downgraded the AFFO estimates for 2024. The growth story is done, at least for 2024 and 2025. We analyze the numbers and tell you where the lower-risk buy point lies.
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SBA Communications' (SBAC) Q1 AFFO & Revenues Miss Estimates
SBA Communications' (SBAC) Q1 results reflect a year-over-year decline in revenues. The company also lowered its 2024 outlook.
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SBA Communications Corporation to Speak at the MoffettNathanson 2024 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 MoffettNathanson 2024 Media and Communications Conference on Tuesday, May 14, 2024 at 2:00pm ET. The conference will be at the Hilton Midtown 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 independent o.
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SBA Communications Corporation (SBAC) Q1 2024 Earnings Call Transcript
SBA Communications Corporation. (NASDAQ:SBAC ) Q1 2024 Earnings Conference Call April 29, 2024 5:00 PM ET Company Participants Mark DeRussy - VP of Finance Marc Montagner - CFO Brendan Cavanagh - President & CEO Conference Call Participants Michael Rollins - Citigroup Jonathan Atkin - RBC Capital Markets Michael Elias - TD Cowen Simon Flannery - Morgan Stanley Ric Prentiss - Raymond James.
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SBA Communications (SBAC) Reports Q1 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for SBA Communications (SBAC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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SBA Communications (SBAC) Misses Q1 FFO and Revenue Estimates
SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.29 per share, missing the Zacks Consensus Estimate of $3.30 per share. This compares to FFO of $3.13 per share a year ago.
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SBA Communications Corporation Reports First 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 March 31, 2024. Highlights of the first quarter include: Net income of $154.5 million or $1.42 per share AFFO per share of $3.29, representing a 5.1% growth over the prior year period Issued a new senior secured Term Loan B and increased and extended the maturity of the senior secured revolving credit facility Repurchased 0.9 million shares cumul.
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SBA Communications (SBAC) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Get a deeper insight into the potential performance of SBA Communications (SBAC) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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What's in Store for SBA Communications (SBAC) in Q1 Earnings?
SBA Communications' (SBAC) Q1 earnings are likely to have benefited from the robust demand for its wireless communication assets by carriers, though high interest expenses may have hurt it.
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It's Tower Time
Communication has come a long way since the dawn of time, from limited means of visuals and sounds to the development of written language. Slow communication in the past led to battles being fought even after wars had been settled, such as the Battle of New Orleans in 1815. American Tower, Crown Castle, and SBA Communications are three leading cell tower REITs that offer stable cash flows and outsized total return prospects.
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SBA Communications Q4: A Dividend Growth Machine For Your Income Portfolio
SBA Communications is a REIT focused on owning and operating cell towers, offering income stability and strong dividend growth over the past 5 years. The company's financial performance during fiscal year '23 showed a beat on FFO but a decline in revenue in Q4. Despite the challenges faced by REITs, SBAC managed to post growth in revenue and double-digit growth in FFO and net income.
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3 Strong Buys For The Millionaire Next Door
I want to emphasize the need to think bigger and smarter. We highlight here the importance of networking and learning from successful individuals. Here are three real estate investment trusts - Camden Property Trust, Rexford Industrial Realty, and SBA Communications - that are good investment opportunities.
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SBA Communications Corporation Sets Date for First Quarter 2024 Earnings Release
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its first quarter results on Monday, April 29, 2024 after market close. SBA will host a conference call on Monday, April 29, 2024 to discuss these results. The call may be accessed as follows: When: Monday, April 29, 2024 at 5:00 PM (EDT) Dial-in Number: 877-692-8955 Access Code: 3308847 Conference Name: SBA First Quarter 2024 Results Replay Available:.
businesswire.com
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Why Is SBA Communications (SBAC) Up 7.1% Since Last Earnings Report?
SBA Communications (SBAC) reported earnings 30 days ago. What's next for the stock?
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3 Real Estate Stocks to Buy as Hedge Funds Pile in
Hedge funds are piling into real estate stocks. Case in point: Bally's (NYSE: BALY ), the company behind Chicago's upcoming casino, saw its stock price surge over 28% this month after a buyout offer from its largest shareholder, hedge fund Standard General.
investorplace.com
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Who's Investing In Mission-Critical Cell Tower REITs?
Who's Investing In Mission-Critical Cell Tower REITs?
seekingalpha.com
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SBA Communications' (SBAC) Q4 AFFO Beat, Dividend Hiked
SBA Communications' (SBAC) Q4 results reflect year-over-year site-leasing revenue growth on healthy leasing activity. The company has also raised its dividend.
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SBA Communications Corporation to Speak at the 32nd Annual Deutsche Bank Media, Internet and Telecom 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 32nd Annual Deutsche Bank Media, Internet and Telecom Conference, Tuesday, March 12, 2024 at 1:50 pm ET. The conference will be at The Breakers Hotel in Palm Beach, Florida. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Cor.
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SBA Communications Corporation (SBAC) Q4 2023 Earnings Call Transcript
SBA Communications Corporation (NASDAQ:SBAC) Q4 2023 Earnings Call Transcript February 26, 2024 5:00 PM ET
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SBA Communications (SBAC) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for SBA Communications (SBAC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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SBA Communications (SBAC) Beats Q4 FFO Estimates
SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.37 per share, beating the Zacks Consensus Estimate of $3.32 per share. This compares to FFO of $3.11 per share a year ago.
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SBA Communications forecasts weak annual revenue on sluggish demand
Wireless tower operator SBA Communications on Monday forecast full-year 2024 revenue below Wall Street estimates, on the likelihood of sluggish wireless carrier activity after an initial surge in 5G deployments.
reuters.com
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SBA Communications Corporation Reports Fourth Quarter 2023 Results; Provides 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 December 31, 2023. Highlights of the fourth quarter include: Net income of $109.5 million or $1.01 per share AFFO per share of $3.37, representing an 8.0% growth over the prior year period Issued a new senior secured Term Loan B and increased and extended the maturity of the senior secured revolving credit facility subsequent to quarter end In ad.
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What's in Store for SBA Communications (SBAC) in Q4 Earnings?
SBA Communications' (SBAC) Q4 earnings are likely to have benefited from the robust demand for its wireless communication assets by carriers, though high interest expenses and elevated churn might have hurt it.
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SBA Communications Corporation to Speak at 2024 Citi Global Property CEO 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 Citi's 2024 Global Property CEO Conference on Tuesday, March 5, 2024 at 8:10am ET. The conference will be at The Diplomat Resort & Spa in Hollywood, Florida. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Corporation is a lea.
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Should You Buy SBA Communications (SBAC) Ahead of Earnings?
SBA Communications (SBAC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
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Unlocking Q4 Potential of SBA Communications (SBAC): Exploring Wall Street Estimates for Key Metrics
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 2023.
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SBA Communications Corporation to Speak at the Raymond James & Associates 45th 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 45th Annual Institutional Investors Conference on Monday, March 4, 2024 at 11:00am 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.
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SBA Communications: Lows Likely To Be Taken Out, How To Play Our Trade
Tower REITs have offered a strong growth story and diversification from traditional REITs. SBAC's recent earnings showed solid results, with a beat on funds from operations and revenues. We tell you why we still see downside risks and how we would handle the earlier trade, which significantly outperformed a direct long.
seekingalpha.com
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SBA Communications Corporation Sets Date for Fourth Quarter 2023 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 26, 2024 after market close. SBA will host a conference call on Monday, February 26, 2024 to discuss these results. The call may be accessed as follows: When: Monday, February 26, 2024 at 5:00 PM (EST) Dial-in Number: 877-692-8955 Access Code: 1933372 Conference Name: SBA Fourth Quarter 2023 Results Replay A.
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SBA Communications Announces Executive Officer Retirement and Appointments
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” or the “Company”) today announced that long-term industry veteran, Jason Silberstein, Executive Vice President, Site Leasing will retire from his current title and role effective August 1, 2024. Succeeding Mr. Silberstein will be Donald Day. Mr. Day has been with SBA for 13 years, most recently serving as Senior Vice President, Services. We are also pleased to announce that Nichole Thomas, currently the Comp.
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SBA Communications Completes $4.05 Billion Senior Secured Financing
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) ("SBA" or the "Company" ) announced today that its wholly owned subsidiary, SBA Senior Finance II LLC ("SBA Senior Finance II"), has obtained a new $2.3 billion, seven-year, senior secured Term Loan B (the "Term Loan") and has increased and extended the maturity of its five-year senior secured revolving credit facility (the "Revolving Credit Facility"). The $2.3 billion Term Loan was issued at 99.75% of par value a.
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SBA Communications Corporation Announces Tax Reporting Information for 2023 Distributions
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today announced year-end tax reporting information for its 2023 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.
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