SBA Communications (SBAC) Q4 FFO and Revenues Miss Estimates

SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.19 per share, missing the Zacks Consensus Estimate of $3.25 per share. This compares to FFO of $3.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -1.85%. A quarter ago, it was expected that this communications tower operator would post FFO of $3.19 per share when it actually produced FFO of $3.3, delivering a surprise of +3.45%.Over the last four ...