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Sep 30, 2021
SBA Q3 2021 Earnings Report
SBA Communications Corporation's financial performance for Q3 2021 was reported, showcasing revenue growth and strategic capital allocation.
Key Takeaways
SBA Communications Corporation reported a strong third quarter in 2021, with a 12.7% increase in total revenue to $589.3 million and net income of $47.8 million, or $0.43 per share. The company saw growth in site leasing and development revenues, and AFFO per share increased by 13.9%.
Net income was $47.8 million, or $0.43 per share.
AFFO per share increased 13.9% over the prior year period.
Total revenue reached $589.3 million, a 12.7% increase year-over-year.
A quarterly cash dividend of $0.58 per share was declared.
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 2021 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