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

SBA Communications Corporation (SBAC) reported third-quarter 2024 adjusted funds from operations (AFFO) per share of $3.32, which met the Zacks Consensus Estimate. However, the figure fell short of the prior-year quarter's $3.34. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results reflect a marginal improvement in domestic cash site-leasing revenues due to increasing carrier activity. However, lower revenues clocked by site development hurt the results to some extent. The compa ...