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Jun 30, 2024
SBA Q2 2024 Earnings Report
SBA Communications reported solid financial results for Q2 2024, aligning with expectations. New business execution in the US remained consistent, while international leasing activity increased. The company maintained a balanced capital allocation strategy, focusing on portfolio expansion, stock repurchases, dividends, and debt reduction.
Key Takeaways
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.
Net income was $159.5 million, or $1.51 per share.
AFFO per share reached $3.29.
Tower Cash Flow and Adjusted EBITDA margins remained industry-leading.
A quarterly cash dividend of $0.98 per share was declared.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is updating its full year 2024 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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