Matt Niknam Thank you. Brendan Cavanagh Sure. Operator Our Next question comes from Brendan Lynch with Barclays. Please go ahead. Brendan Lynch Great. Thank you for taking my question. It seems on a number of fronts you're in sort of de-risking mode, reducing leverage, considering going at investment grade, exiting some non-core markets. How should we think about your risk tolerance going forward over the next few years relative to what it's been over the past few? Brendan Cavanagh I think it will be an inf ...

The reported revenue represents a surprise of -0.61% over the Zacks Consensus Estimate of $664.54 million. With the consensus EPS estimate being $3.28, the EPS surprise was +0.30%. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Sites owned - International: 22,283 versus 22,335 estimated by three analysts on average. Sites owned - To ...

Over the last four quarters, the company has surpassed consensus FFO estimates three times. SBA Communications shares have lost about 15.4% since the beginning of the year versus the S&P 500's gain of 14.5%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately. It will be interesting ...

Boca Raton, Florida, July 29, 2024 (BUSINESS NEWSWIRE) — SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended June 30, 2024. • Industry-leading AFFO per share of $3.29 • Quarter-ending Net Debt to Annualized Adjusted EBITDA leverage ratio of 6.4x Operating Results | --- | --- | --- | --- | --- | --- | |-----------------------------------------|-----------|------------------|----------------------------------|-----------------------|------------- ...

Analysts on Wall Street project that SBA Communications (SBAC) will announce quarterly earnings of $3.28 per share in its forthcoming report, representing an increase of 1.2% year over year. Revenues are projected to reach $664.54 million, declining 2.1% from the same quarter last year. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over t ...

Results reflected a fall in net revenues on a year-over-year basis. Higher interest expense on debt obligations and lower contributions from adjusted EBITDA were undermining factors. In the last reported quarter, this Boca Raton, FL-based communications tower REIT reported AFFO per share of $3.29, missing the Zacks Consensus Estimates by a cent. Results were affected by lower site development revenues. However, SBAC witnessed an improvement in site leasing revenues, which supported the results to some exten ...

SBA Communications' (SBAC) extensive and geographically diverse communication real estate portfolio is well-poised to benefit from wireless carriers' high capital spending for network expansion amid accelerated 5G network deployment efforts. Portfolio expansion moves, backed by a solid balance sheet position, augur well. However, notable customer concentration and high interest rates raise concerns. What's Aiding SBAC? The advancement in mobile technology, such as 4G and 5G networks, and the proliferation o ...

Table of Contents - UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 001-16853 SBA COMMUNICATIONS CORPORATION (Exact name of Registrant as specified in its charter) Flor ...

As a reminder, our 2024 outlook does not include any churn and surcharge related to the oil wireless consolidation, other than the amount associated with the previously announced agreement that we executed with Vivo. If during 2024, we were to enter into further agreements with other carriers related to the oil wireless consolidation that may have an impact on 2024, we will adjust our outlook in future earning calls. Additionally, the new judicial reorganization plan for oil wireline was recently approved b ...

Exhibit 99.1 FOR IMMEDIATE RELEASE SBA Communications Corporation Reports First Quarter 2024 Results; Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend Boca Raton, Florida, April 29, 2024 (BUSINESS NEWSWIRE) — 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 t ...