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Mar 31, 2021
SBA Q1 2021 Earnings Report
SBA Communications Corporation reported strong first quarter results, driven by growth in AFFO per share and strategic capital allocation.
Key Takeaways
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.
Net loss of $11.7 million or $(0.11) per share including a $57.0 million loss on currency-related remeasurement of intercompany loans.
AFFO per share growth of 16.2% over the year earlier period on a constant currency basis.
Signed a new global leasing agreement with Verizon subsequent to quarter end.
Repurchased 0.7 million shares at an average price per share of $258.33.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is updating its full year 2021 Outlook for anticipated results. The Outlook provided is based on a number of assumptions that the Company believes are reasonable at the time of this press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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