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 June 30, 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) Flori ...

SBA Communications Corporation (SBAC) reported second-quarter 2024 adjusted funds from operations (AFFO) per share of $3.29, beating the Zacks Consensus Estimate by a whisker. Moreover, the figure reflects a rise of 1.5% from the prior-year quarter. Quarterly total revenues decreased 2.7% year over year to $660.5 million. The figure also missed the Zacks Consensus Estimate of $664.5 million. Quarter in Detail However, site development revenues decreased 35% year over year to $34 million. The overall operati ...

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 - Deuts ...

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 8051 Congress Avenue Boca Raton, Florida 33487 (Address of principal executive offices) (Zip Code) Florida 65-0716501 For the transition period from __________ to __________ Commissi ...