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Dec 31, 2019

SBA Q4 2019 Earnings Report

SBA Communications Corporation reported Q4 2019 results and provided full year 2020 outlook.

Key Takeaways

SBA Communications Corporation reported a net income of $67.4 million, or $0.59 per share, and site leasing revenue of $481.1 million. The company's AFFO per share grew by 10.0% over the year earlier period on a constant currency basis. Tower Cash Flow and Adjusted EBITDA margins were 81.0% and 71.0%, respectively.

Net income of $67.4 million or $0.59 per share and site leasing revenue of $481.1 million

AFFO per share growth of 10.0% over the year earlier period on a constant currency basis

Tower Cash Flow and Adjusted EBITDA margins of 81.0% and 71.0%, respectively

Portfolio growth of 9.6% for the year, including 1,499 sites added during the quarter

Total Revenue
$514M
Previous year: $484M
+6.2%
EPS
$0.59
Previous year: $0.5
+18.0%
Tower Cash Flow Margin
81%
Adjusted EBITDA Margin
71%
AFFO
$249M
Gross Profit
$392M
Previous year: $362M
+8.5%
Cash and Equivalents
$108M
Previous year: $143M
-24.5%
Free Cash Flow
$222M
Previous year: $182M
+22.3%
Total Assets
$9.76B
Previous year: $7.21B
+35.3%

SBA

SBA

SBA Revenue by Segment

SBA Revenue by Geographic Location

Forward Guidance

The Company is providing its initial 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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income