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 (SBAC), a leading real estate investment trust in wireless infrastructure, provides essential foundation for global mobile networks through its tower leasing and site development services. This dedicated news hub offers investors and industry professionals centralized access to critical updates shaping the company's market position.
Monitor official press releases alongside curated analysis of strategic developments including tower portfolio expansions, 5G infrastructure partnerships, and regulatory milestones. Our repository simplifies tracking of earnings announcements, capital allocation strategies, and operational updates that influence SBAC's performance in the telecommunications REIT sector.
Key content categories include quarterly financial disclosures, infrastructure acquisition alerts, and technology deployment timelines. The curated selection enables efficient analysis of how SBAC's dual revenue streams – tower colocation fees and site development services – respond to evolving wireless demands.
Bookmark this page for streamlined monitoring of SBAC's role in enabling next-generation networks. Return regularly to stay informed about contractual renewals with major carriers and international expansion efforts in high-growth markets.
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.
SBA Communications (NASDAQ: SBAC) has announced the release date for its third quarter 2024 earnings. The company will disclose its results on Monday, October 28, 2024 after market close, followed by a conference call to discuss the outcomes. The call is scheduled for 5:00 PM (ET) on the same day.
Interested parties can access the call via phone or internet. A replay of the conference will be available from 11:00 PM on October 28, 2024, until 12:00 AM on November 11, 2024. SBA Communications is a leading independent owner and operator of wireless communications infrastructure, with a portfolio of over 39,000 communications sites across 15 markets in the Americas, Africa, and the Philippines.
SBA Communications (NASDAQ: SBAC) has announced that its President and CEO, Brendan Cavanagh, will be speaking at the Goldman Sachs 2024 Communacopia + Technology Conference. The presentation is scheduled for Tuesday, September 10, 2024, at 3:05 PM (PT) at the Palace Hotel in San Francisco, California.
SBA Communications is a leading independent owner and operator of wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. The company boasts a portfolio of over 39,000 communications sites across 15 markets in the Americas, Africa, and the Philippines. As a member of the S&P 500 and one of the top Real Estate Investment Trusts (REITs) by market capitalization, SBA is listed on NASDAQ under the symbol SBAC.
SBA Communications (NASDAQ: SBAC), a leading independent owner and operator of wireless communications infrastructure, has announced that its Chief Financial Officer, Marc Montagner, will speak at the Citi 2024 Global TMT Conference on Thursday, September 5, 2024, at 2:10pm (ET). The conference will take place at The Lotte New York Palace in New York.
SBA's audio presentation will be accessible via their website, www.sbasite.com. The company operates a portfolio of over 39,000 communications sites across 15 markets in the Americas, Africa, and the Philippines. As a prominent Real Estate Investment Trust (REIT), SBA is listed on NASDAQ and is part of the S&P 500.
SBA Communications (NASDAQ: SBAC) has announced that its Chief Financial Officer, Marc Montagner, will be speaking at the Bank of America 2024 Media, Communications and Entertainment Conference on Wednesday, September 4, 2024, at 10:30am (ET). The conference will take place at The Bank of America Pavilion in New York.
SBA Communications is a leading independent owner and operator of wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. The company has a portfolio of over 39,000 communications sites across 15 markets in the Americas, Africa, and the Philippines. SBA is listed on NASDAQ under the symbol SBAC and is part of the S&P 500 index. It is also one of the top Real Estate Investment Trusts (REITs) by market capitalization.
SBA Communications (Nasdaq: SBAC) reported its Q2 2024 results with net income of $159.5 million, or $1.51 per share, down 21% from $202.0 million in Q2 2023. Total revenues fell 2.7% to $660.5 million. Adjusted EBITDA slightly decreased by 1% to $467.1 million. Site leasing revenue remained almost flat at $626.5 million, while site development revenue dropped 35% to $34.0 million. AFFO per share increased 1.5% to $3.29. The company declared a quarterly cash dividend of $0.98 per share, payable on September 18, 2024. SBA ended the quarter with $12.4 billion of total debt and net debt to EBITDA leverage ratio of 6.4x. The company spent $91.6 million on capital expenditures and acquired 117 communication sites for $26.5 million. The full year 2024 outlook has been updated, anticipating continued growth based on customer network needs.
SBA Communications (NASDAQ: SBAC) will release its second quarter 2024 results on Monday, July 29, 2024, after the market closes.
A conference call will be hosted the same day at 5:00 PM (EDT) to discuss these results, accessible by dialing 877-692-8955 with access code 3722027. A replay will be available from 11:00 PM on July 29, 2024, until 12:00 AM on August 12, 2024, at 866-207-1041, access code 4132299.
SBA Communications, a leading REIT in wireless infrastructure, operates over 39,000 communication sites in multiple continents and is part of the S&P 500.
SBA Communications (NASDAQ: SBAC) announces that Brendan Cavanagh, President and CEO, will speak at the JP Morgan 52nd Annual Global Technology, Media, and Communications Conference on May 20, 2024. SBA is a leading owner/operator of wireless communications infrastructure with a portfolio of over 39,000 sites across 15 markets.
SBA Communications (NASDAQ: SBAC) announces that Marc Montagner, Chief Financial Officer, will speak at the MoffettNathanson 2024 Media and Communications Conference on May 14, 2024. SBA is a leading owner and operator of wireless communications infrastructure with over 39,000 sites. The organization is listed on NASDAQ under the symbol SBAC and is part of the S&P 500.
SBA Communications reported solid first quarter 2024 results with net income of $154.5 million and AFFO per share of $3.29, a 5.1% growth year-over-year. The company repurchased 0.9 million shares, declared a quarterly cash dividend of $0.98 per share, and updated its full year 2024 outlook. SBA remains well-positioned to benefit shareholders with a strong financial position and anticipated solid organic leasing growth.
