Welcome to our dedicated page for Sba Communications news (Ticker: SBAC), a resource for investors and traders seeking the latest updates and insights on Sba Communications stock.
SBA Communications Corporation (SBA), founded in 1989 and headquartered in Boca Raton, Florida, is a leading independent owner and operator of wireless communications infrastructure across North, Central, and South America. Listed on NASDAQ under the symbol SBAC, SBA focuses on 'building better wireless' through two primary business segments: site leasing and site development services.
In their site leasing business, SBA leases antenna space on their multi-tenant towers and other structures to a variety of wireless service providers under long-term contracts. This segment includes nearly 40,000 cell towers across North America, South America, and Africa. In the United States alone, SBA owns over 17,000 towers, generating approximately 70% of its total revenue in 2023. Internationally, the company's largest footprint is in Brazil, where it operates close to 10,000 towers.
The site development business supports wireless service providers and operators in developing their own networks. This includes services like site acquisition, zoning, construction, and equipment installation.
As a real estate investment trust (REIT), SBA's growth is driven by increasing consumer demand for wireless data, the deployment of newer technologies like 5G, and strategic international expansions. By diversifying their geographical presence and expanding their site portfolio, SBA aims to provide robust infrastructure solutions that cater to the evolving needs of wireless service providers.
SBA Communications maintains a strong financial condition with robust revenue streams from its diversified leasing contracts. Their concentrated customer base mainly includes the top mobile carriers, ensuring consistent and reliable revenue generation. The company's commitment to innovation and expansion solidifies its position as a key player in the wireless communications infrastructure market.
SBA Communications (NASDAQ: SBAC), a leading independent owner and operator of wireless communications infrastructure, has announced that President and CEO Brendan Cavanagh will present at the 33rd Annual Deutsche Bank Media, Internet and Telecom Conference. The presentation is scheduled for March 10, 2025, at 3:30pm ET at The Breakers Hotel in Palm Beach, Florida.
SBA Communications maintains a portfolio of over 39,000 communications sites across the Americas and Africa, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. The company, a component of the S&P 500, operates as a Real Estate Investment Trust (REIT) and is listed on NASDAQ under the symbol SBAC.
SBA Communications (SBAC) reported strong Q4 2024 results with net income of $178.8 million ($1.61 per share) and AFFO per share of $3.47. The company achieved its lowest-ever net debt to Adjusted EBITDA leverage ratio of 6.1x.
The Board declared a quarterly dividend of $1.11 per share, representing a 13% increase. US carrier activity grew with highest backlogs in both leasing and services by year-end. The company continues to see strong network investments from US customers in mid-band spectrum deployment, 5G coverage expansion, and network densification.
Post year-end, SBAC exited operations in the Philippines and entered an agreement to exit Colombia. The company owned 39,749 communication sites as of December 31, 2024, with 17,464 in the US and 22,285 internationally. The company's 2025 outlook assumes the closing of the Millicom acquisition by September 1, 2025, which will add over 7,000 sites.
SBA Communications (NASDAQ: SBAC) has announced that its Chief Financial Officer, Marc Montagner, will be presenting at the Morgan Stanley Technology, Media and Telecom Conference. The presentation is scheduled for Wednesday, March 5, 2025, at 7:45am PT at the Palace Hotel in San Francisco, California.
The audio presentation will be accessible through www.sbasite.com. SBA Communications is a prominent independent owner and operator of wireless communications infrastructure, managing over 39,000 communications sites across the Americas and Africa. The company's portfolio includes towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. As a member of the S&P 500, SBA operates as a Real Estate Investment Trust (REIT) and is traded on NASDAQ under the symbol SBAC.
SBA Communications (NASDAQ: SBAC) has announced that President and CEO Brendan Cavanagh will present at Citi's 30th Annual Global Property CEO Conference. The presentation is scheduled for Tuesday, March 4, 2025, at 2:55pm ET at The Diplomat Resort & Spa in Hollywood, Florida.
SBA Communications is a prominent independent owner and operator of wireless communications infrastructure, managing over 39,000 communications sites across the Americas and Africa. The company's portfolio includes towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. As a member of the S&P 500, SBA operates as one of the leading Real Estate Investment Trusts (REITs) by market capitalization and trades on NASDAQ under the symbol SBAC.
SBA Communications (NASDAQ: SBAC), a leading independent owner and operator of wireless communications infrastructure, has announced that President and CEO Brendan Cavanagh will present at the Raymond James & Associates 46th Annual Institutional Investors Conference. The presentation is scheduled for March 3, 2025, at 10:25am ET at the JW Marriott Grand Lakes in Orlando, Florida.
SBA Communications maintains a portfolio of over 39,000 communications sites across the Americas and Africa, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. The company is listed on NASDAQ under the symbol SBAC and is a component of the S&P 500, ranking among the top Real Estate Investment Trusts (REITs) by market capitalization.
SBA Communications (NASDAQ: SBAC), a leading independent owner and operator of wireless communications infrastructure, has scheduled its fourth quarter 2024 earnings release for Monday, February 24, 2025, after market close. The company will host a conference call at 5:00 PM (EDT) on the same day to discuss the results.
SBA operates a portfolio of more than 39,000 communications sites throughout the Americas and Africa, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. The company is listed on NASDAQ and is a component of the S&P 500 and one of the top Real Estate Investment Trusts (REITs) by market capitalization.
SBA Communications (SBAC) has released its tax reporting information for 2024 distributions. The company declared four quarterly cash distributions of $0.98 per share, each classified as ordinary taxable dividends and Section 199A dividends. The distributions are scheduled for March 28, June 18, September 18, and December 12, 2024.
SBAC, a leading independent owner and operator of wireless communications infrastructure, maintains a portfolio of over 39,000 communications sites across the Americas and Africa. The company operates as a Real Estate Investment Trust (REIT) and is included in the S&P 500 index.
SBA Communications (NASDAQ: SBAC) has announced that CFO Marc Montagner will present at the UBS Global Media and Communications Conference on Tuesday, December 10, 2024, at 9:00 AM ET. The event will be held at the UBS Office in New York.
SBA Communications is a leading independent owner and operator of wireless communications infrastructure, managing over 39,000 communications sites across 15 markets in the Americas, Africa, and the Philippines. The company, listed on NASDAQ as SBAC, is a component of the S&P 500 and ranks among the top Real Estate Investment Trusts (REITs) by market capitalization.
SBA Communications (NASDAQ: SBAC) has announced that CFO Marc Montagner will present at the BofA Securities 2024 Leveraged Finance Conference on Tuesday, December 3, 2024, at 4:10 PM ET. The event will take place at The Boca Raton in Boca Raton, Florida.
SBA Communications is a prominent independent owner and operator of wireless communications infrastructure, managing over 39,000 communications sites across 15 markets in the Americas, Africa, and the Philippines. The company, listed on NASDAQ as SBAC, is a member of the S&P 500 and ranks among the top Real Estate Investment Trusts (REITs) by market capitalization.
SBA Communications reported strong Q3 2024 results with net income of $255.9 million ($2.40 per share) and AFFO per share of $3.32. The company announced a significant expansion by agreeing to purchase over 7,000 communication sites in Central America from Millicom for approximately $975.0 million. These sites are expected to generate $129.0 million in revenues and $89.0 million in tower cash flow in their first full year. The company also issued $2.07 billion of Tower Securities at a 4.778% blended rate and declared a quarterly dividend of $0.98 per share. Total Q3 revenues were $667.6 million, with site leasing revenue at $625.7 million.
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