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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.
Revenue by Segment
Revenue by Geographic Location
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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