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Sep 30, 2023
SBA Q3 2023 Earnings Report
SBA Communications reported strong financial results for the third quarter, exceeding estimates and expectations with solid growth in site leasing revenue, Tower Cash Flow and Adjusted EBITDA.
Key Takeaways
SBA Communications Corporation reported Q3 2023 results with a net income of $85.4 million, or $0.80 per share, and AFFO per share of $3.34. Site leasing revenue reached $637.5 million, an 8.5% increase year-over-year. The company repurchased 0.5 million shares and declared a quarterly cash dividend of $0.85 per share.
Net income was $85.4 million, or $0.80 per share.
AFFO per share reached $3.34.
Site leasing revenue totaled $637.5 million, reflecting an 8.5% year-over-year increase.
0.5 million shares were repurchased in the third quarter and subsequent to quarter end.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is updating its full year 2023 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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