SBA Communications' Q4 AFFO & Revenues Miss, Costs Increase

Key Takeaways SBAC posted Q4 AFFO of $3.19, missing estimates, as operating income fell 21.8%.SBAC revenues rose 3.7%, but higher site costs and interest expenses put pressure on margins.SBAC guided 2026 AFFO below consensus and raised its dividend 12.6% to $1.25.SBA Communications Corporation (SBAC) reported fourth-quarter 2025 adjusted funds from operations (AFFO) per share of $3.19, missing the Zacks Consensus Estimate of $3.25. The figure compared unfavorably with the FFO of $3.47 in the prior-year peri ...