SBA Communications (SBAC) Q2 FFO and Revenues Surpass Estimates

Company Performance - SBA Communications reported quarterly funds from operations (FFO) of $3.17 per share, exceeding the Zacks Consensus Estimate of $3.12 per share, but down from $3.29 per share a year ago, representing an FFO surprise of +1.60% [1] - The company posted revenues of $698.98 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.32%, compared to $660.48 million in the same quarter last year [2] - Over the last four quarters, SBA Communications has surpassed consensus FFO estimates three times and topped consensus revenue estimates three times [2] Stock Performance - SBA Communications shares have increased approximately 12.2% since the beginning of the year, outperforming the S&P 500's gain of 6.1% [3] - The current consensus FFO estimate for the upcoming quarter is $3.19 on revenues of $688.68 million, and for the current fiscal year, it is $12.75 on revenues of $2.74 billion [7] Industry Outlook - The REIT and Equity Trust - Other industry, to which SBA Communications belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook [8]