SBA Earnings Reports

SBA Communications Corporation delivered a positive third quarter in 2025, with strong financial and operating results driven by continued carrier investment in network expansion and densification. The company reported a net income of $240.4 million and an industry-leading AFFO per share of $3.30. Strategic activities included closing the remaining Millicom sites, selling Canadian towers, and repurchasing shares, alongside signing a new long-term master lease agreement with Verizon.

SBA Communications delivered a very positive second quarter in 2025, with net income of $225.7 million and industry-leading AFFO per share of $3.17. The company saw strong domestic activity with new U.S. leasing business exceeding expectations, benefiting from high levels of new colocations. International leasing also showed solid activity, contributing to the highest company-wide new colocations in nearly three years. The early closing of over 4,300 sites from the Millicom acquisition significantly boosted results, leading to a meaningful increase in the full year outlook across all key financial metrics.

SBA Communications posted strong financial results with $664 million in revenue and $189 million in net income, supported by higher U.S. carrier activity and solid international performance. The company authorized a new $1.5 billion stock buyback and increased its full-year 2025 outlook.

SBA Communications Corporation reported strong Q4 2024 results, with net income of $178.8 million and revenue of $693.7 million. Site leasing remained the primary revenue driver, with international leasing contributing significantly. The company also reduced its debt leverage ratio to a historic low and announced a 13% increase in its quarterly dividend.

SBA Communications Corporation reported net income of $255.9 million, or $2.40 per share, and AFFO per share of $3.32. The company increased its full year 2024 outlook across all key metrics and made significant progress with regard to its balance sheet.

SBA Communications Corporation reported Q2 2024 results, with net income at $159.5 million or $1.51 per share and AFFO per share of $3.29. Total revenues were $660.5 million. The company's Board declared a quarterly cash dividend of $0.98 per share.

SBA Communications Corporation reported a decrease in total revenues of 2.6%, with site leasing revenue increasing by 1.8% and site development revenue decreasing by 49.2%. Net income increased to $154.5 million, or $1.42 per share, and AFFO per share grew by 5.1% to $3.29.

SBA Communications Corporation reported Q4 2023 results with a net income of $109.5 million, or $1.01 per share, and AFFO per share of $3.37, representing an 8.0% growth over the prior year period. The company's Board of Directors declared a quarterly cash dividend of $0.98 per share, a 15% increase. The company ended the quarter with $247.7 million in cash and cash equivalents.

SBA Communications Corporation reported Q3 2023 results with a net income of $85.4 million, or $0.80 per share, and AFFO per share of $3.34. Site leasing revenue reached $637.5 million, an 8.5% increase year-over-year. The company repurchased 0.5 million shares and declared a quarterly cash dividend of $0.85 per share.

SBA Communications Corporation reported revenue growth in Q2 2023, driven by domestic and international site leasing. However, increased operating expenses impacted profitability, resulting in a decrease in net income compared to the previous year.

SBA Communications Corporation reported first quarter 2023 results, featuring a 10.3% growth in site leasing revenue and an AFFO per share of $3.13. The company has updated its full year outlook for site leasing revenue, adjusted EBITDA, and AFFO. A quarterly cash dividend of $0.85 per share was declared.

SBA Communications Corporation reported a strong fourth quarter in 2022, with total revenue of $686.1 million, a 15.3% increase over the prior year period. Net income was $102.6 million, or $0.94 per share, and AFFO per share increased by 11.0% over the prior year period. The company also declared a quarterly cash dividend of $0.85 per share, representing an increase of approximately 20% over the dividend paid in the fourth quarter.

SBA Communications Corporation reported a strong third quarter with significant growth in revenue, net income, and AFFO per share. The company exceeded consensus estimates, driven by robust wireless carrier activity and successful execution. They updated their full year 2022 outlook and declared a quarterly cash dividend.

SBA Communications Corporation reported a strong second quarter with a 13.3% increase in total revenue to $652.0 million. Net income was $69.2 million, or $0.64 per share, and AFFO per share increased by 16.3% over the prior year period. The company also declared a quarterly cash dividend of $0.71 per share.

SBA Communications Corporation reported a strong start to 2022, with a 12.9% increase in total revenue to $619.7 million. Net income was $188.3 million, or $1.72 per share, and AFFO per share increased by 14.7% year-over-year. The company updated its full year 2022 outlook and declared a quarterly cash dividend of $0.71 per share.

SBA Communications Corporation reported an 11.1% increase in total revenue, reaching $595.3 million, and a net income of $48.9 million, or $0.44 per share. AFFO per share increased by 13.3% on a constant currency basis. The company also declared a quarterly cash dividend of $0.71 per share, reflecting confidence in its future performance.

SBA Communications Corporation reported a strong third quarter in 2021, with a 12.7% increase in total revenue to $589.3 million and net income of $47.8 million, or $0.43 per share. The company saw growth in site leasing and development revenues, and AFFO per share increased by 13.9%.

SBA Communications Corporation reported strong second-quarter results, driven by increased U.S. wireless carrier activity and strategic international investments. Total revenue increased by 13.5% to $575.5 million, and net income rose significantly to $152.7 million, or $1.37 per share. The company also updated its full-year 2021 outlook, reflecting confidence in continued growth and profitability.

SBA Communications Corporation reported first quarter 2021 results with a net loss of $11.7 million, but showed strong growth in AFFO per share, up 16.2% year-over-year on a constant currency basis. The company executed new agreements with Verizon and Dish, completed the PG&E acquisition, and repurchased 0.7 million shares. The company also declared a quarterly cash dividend of $0.58 per share.

SBA Communications Corporation reported a strong finish to 2020, with the fourth quarter being the strongest in terms of customer activity. The company produced material growth in AFFO per share and increased its quarterly cash dividend by approximately 25%.

SBA Communications Corporation reported strong third quarter results, with net income of $22.6 million and site leasing revenue of $486.8 million. The company saw AFFO per share growth of 15.3% and repurchased 1.0 million shares. They also increased the full year 2020 outlook for revenue, tower cash flow, adjusted EBITDA, and AFFO.

SBA Communications Corporation reported strong second-quarter results, with net income of $22.8 million and site leasing revenue of $482.4 million. The company lowered its weighted average interest rate, extended maturities, and increased liquidity.

SBA Communications Corporation reported a solid start to 2020 with a net loss of $127.1 million, which included a $152.8 million loss from currency-related inter-company loan remeasurement. Despite the loss, AFFO per share grew by 13.5% over the prior year period on a constant currency basis. The company remains focused on health and safety, maintaining wireless service, and deploying 5G.

SBA Communications Corporation reported a net income of $67.4 million, or $0.59 per share, and site leasing revenue of $481.1 million. The company's AFFO per share grew by 10.0% over the year earlier period on a constant currency basis. Tower Cash Flow and Adjusted EBITDA margins were 81.0% and 71.0%, respectively.