SBA Communications Q1 AFFO & Revenues Beat Estimates, '25 View Raised

SBA Communications Corporation (SBAC) reported first-quarter 2025 adjusted funds from operations (AFFO) per share of $3.18, beating the Zacks Consensus Estimate of$3.12. However, the figure implies a drop of 3.3% from the prior-year quarter.SBAC results reflect a significant improvement in site-development revenues during the quarter. However, higher costs and interest expenses undermined the performance to some extent. The company revised its 2025 outlook.Quarterly total revenues increased marginally year ...