SBA Q2 2022 Earnings Report
Key Takeaways
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.
Net income was $69.2 million, or $0.64 per share.
AFFO per share increased 16.3% over the prior year period.
Total revenue reached $652.0 million, a 13.3% increase over the prior year period.
An agreement was made to purchase approximately 2,600 sites in Brazil.
SBA
SBA
SBA Revenue by Segment
SBA 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income