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Sep 30, 2020
SBA Q3 2020 Earnings Report
SBA Communications Corporation reported strong financial results, exceeding expectations and raising the full year 2020 outlook across key metrics.
Key Takeaways
SBA Communications Corporation reported strong third quarter results, with net income of $22.6 million and site leasing revenue of $486.8 million. The company saw AFFO per share growth of 15.3% and repurchased 1.0 million shares. They also increased the full year 2020 outlook for revenue, tower cash flow, adjusted EBITDA, and AFFO.
Net income was $22.6 million, or $0.20 per share, and site leasing revenue reached $486.8 million.
AFFO per share grew by 15.3% compared to the previous year on a constant currency basis.
The company repurchased 1.0 million shares cumulatively during the third quarter and subsequent to quarter end.
Full year 2020 outlook was increased for Revenue, Tower Cash Flow, Adjusted EBITDA, and AFFO.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is updating its full year 2020 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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