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Sba Communications Corp - SBAC STOCK NEWS

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.

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SBA Communications (SBAC) will release its first-quarter results on April 29, 2024, after market close. A conference call will be held to discuss the results, with details provided for access. Investors can tune in to the call to gain insights into the company's performance.
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SBA Communications Corporation (SBAC) CEO Brendan Cavanagh to speak at the 32nd Annual Deutsche Bank Conference on March 12, 2024. The event will take place at The Breakers Hotel in Palm Beach, Florida.
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SBA Communications Corporation (SBAC) reported strong financial results for Q4 2023 with net income of $109.5 million and AFFO per share of $3.37, an 8.0% growth. The company issued a new senior secured Term Loan B and increased its revolving credit facility. The Board declared a 15% increase in quarterly dividend. Despite higher interest rates, SBA focused on debt reduction, resulting in a net debt to Adjusted EBITDA leverage ratio of 6.3x, the lowest in decades.
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SBA Communications Corporation (SBAC) President and CEO Brendan Cavanagh to speak at Citi's 2024 Global Property CEO Conference. The event is scheduled for March 5, 2024, at 8:10am ET in Hollywood, Florida. Visit www.sbasite.com for the audio presentation.
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SBA Communications Corporation (NASDAQ: SBAC) announces that Brendan Cavanagh, President and CEO, will speak at the Raymond James & Associates 45th Annual Institutional Investors Conference on March 4, 2024. The conference will be held in Orlando, Florida, with the audio presentation accessible on www.sbasite.com.
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SBA Communications Corporation (SBAC) will release its fourth quarter results on February 26, 2024, after market close. The company will host a conference call to discuss these results. The call details are provided for access. A replay will be available, and internet access is also provided.
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SBA Communications Corporation (SBAC) announced the retirement of Jason Silberstein, Executive Vice President, Site Leasing, effective August 1, 2024. Donald Day will succeed him, and Nichole Thomas will transition into Mr. Day's role. The company's President and CEO, Brendan Cavanagh, expressed gratitude for Silberstein's contributions and confidence in Day and Thomas. Donald Day has been with SBA for 13 years and currently oversees all services operations in the United States. Nichole Thomas has over 25 years of experience in the telecommunications industry and has led large-scale programs and national site deployment efforts across the country.
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SBA Communications Corporation (NASDAQ: SBAC) has obtained a new $2.3 billion, seven-year senior secured Term Loan B and increased its existing Revolving Credit Facility to $1.75 billion. The company expects to use the proceeds to refinance the 2018 Term Loan and pay related fees and expenses. Pro forma for this transaction, the weighted average maturity of SBA’s total debt outstanding increased from 3.2 years to 4.1 years, with a current average blended rate on the new Term Loan B of 2.85%.
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SBA Communications Corporation (Nasdaq: SBAC) has announced year-end tax reporting information for its 2023 distributions. Stockholders are advised to consult with their personal tax advisors for specific tax treatment. The cash distribution per share is $0.85, with the same amount for ordinary taxable dividends and Section 199A dividends. There were no unrecaptured section 1250 gains or non-dividend distributions for the tax year ended December 31, 2023.
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SBA Communications Corporation (Nasdaq: SBAC) reported strong financial results for Q3 2023, with net income of $85.4 million and AFFO per share of $3.34. Site leasing revenue grew by 8.5% compared to the prior year period. The company repurchased 0.5 million shares in Q3 and declared a quarterly cash dividend of $0.85 per share. SBA expects increases in Site Leasing Revenue, Tower Cash Flow, Adjusted EBITDA, AFFO, and AFFO per share for the full year 2023.
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Sba Communications Corp

Nasdaq:SBAC

SBAC Rankings

SBAC Stock Data

24.74B
107.12M
0.88%
100.96%
1.8%
REIT - Specialty
Real Estate Investment Trusts
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United States
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