SBA Communications Q4 AFFO & Revenues Beat Estimates, Dividend Hiked

SBA Communications Corporation (SBAC) reported fourth-quarter 2024 adjusted funds from operations (AFFO) per share of $3.47, beating the Zacks Consensus Estimate of$3.36. The figure also reflects a rise of 3% from the prior-year quarter.See the Zacks Earnings Calendar to stay ahead of market-making news.SBAC results reflect an improvement in site-leasing and site-development revenues during the quarter. The company announced an increase in dividends and issued its 2025 outlook.Quarterly total revenues incr ...