SBA Communications (SBAC) Q2 FFO and Revenues Surpass Estimates

SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.17 per share, beating the Zacks Consensus Estimate of $3.12 per share. This compares to FFO of $3.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +1.60%. A quarter ago, it was expected that this communications tower operator would post FFO of $3.12 per share when it actually produced FFO of $3.16, delivering a surprise of +1.28%.Over the last fou ...