Loading...
•
Mar 31, 2022
SBA Q1 2022 Earnings Report
Reported strong Q1 2022 results with double-digit growth in AFFO per share and increased 2022 outlook.
Key Takeaways
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.
Net income was $188.3 million, or $1.72 per share.
AFFO per share increased 14.7% over the prior year period.
Total revenue was $619.7 million, a 12.9% growth over the prior year period.
The company repurchased 1.3 million shares in the first quarter at an average price per share of $332.00.
SBA
SBA
SBA Revenue by Segment
SBA Revenue by Geographic Location
Revenue by Segment
Domestic Site Leasing Revenue
CapyFin.comInternational Site Leasing Revenue
CapyFin.comSite Development Revenue
CapyFin.comRevenue by Geographic Location
Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The Company is updating its full year 2022 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income