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 Corporation (NASDAQ: SBAC) is set to release its third quarter results on October 31, 2022, after market close. A conference call will follow at 5:00 PM (EDT) on the same day to discuss the results. Interested parties can access the call by dialing 877-692-8955 and using access code 1502503. A replay will be available until November 14, 2022. SBA is a leading operator of wireless communications infrastructure, with over 35,000 sites in markets spanning the Americas, Africa, and the Philippines.
SBA Communications Corporation (NASDAQ: SBAC) announced that CFO Brendan Cavanagh will present at the Goldman Sachs 2022 Communacopia + Technology Conference on Tuesday, September 13, 2022, at 4:30 PM PDT in San Francisco, California. Interested investors can access the audio presentation on www.sbasite.com. SBA is a leading independent operator of wireless communications infrastructure, owning over 35,000 sites across the Americas, Africa, and the Philippines.
SBA Communications Corporation (Nasdaq: SBAC) reported a strong second quarter for 2022, with total revenues of $652.0 million, up 13.3% year-over-year. Net income reached $69.2 million or $0.64 per share, while AFFO per share increased 16.3% to $3.07. The company announced a quarterly cash dividend of $0.71 per share, payable on September 20, 2022. SBA is expanding its portfolio with an agreement to purchase 2,600 sites in Brazil for $725 million, expected to enhance future cash flow.
SBA Communications Corporation (NASDAQ: SBAC) is set to announce its second quarter results on August 1, 2022, after market close. A conference call will follow at 5:00 PM EDT to discuss the results. Investors can access the call by dialing 877-692-8955 with the access code 3362526. A replay will be available starting August 1, 2022, at 11:00 PM until August 15, 2022. SBA is recognized as a prominent independent operator of wireless communications infrastructure with over 35,000 sites across various global markets.
SBA Communications Corporation (NASDAQ: SBAC) announced the upcoming retirements of Kurt L. Bagwell and Thomas P. Hunt, effective January 1, 2023. They will be succeeded by Richard Cane and Joshua Koenig, both experienced SBA veterans. Cane, with over 35 years in telecommunications, has been with SBA since 2019, while Koenig has held various roles since joining in 2010. Their transitions aim to ensure continued growth and shareholder value, with both retiring executives remaining until March 2023 for support.
SBA Communications Corporation (NASDAQ: SBAC) will have its President and CEO, Jeffrey A. Stoops, speaking at the RBC Global Communications Infrastructure Conference on Tuesday, May 24, 2022, at 2:40 PM MDT. The conference is set to take place at The Jacquard Hotel in Denver, Colorado. Investors and interested parties can access the audio presentation on the company's website. SBA operates a vast portfolio of over 35,000 communications sites across 16 markets in the Americas, Africa, and the Philippines, making it a leading independent owner and operator of wireless communications infrastructure.
SBA Communications Corporation (NASDAQ: SBAC) announced that its President and CEO, Jeffrey A. Stoops, will speak at the JP Morgan 50th Annual Global Technology, Media and Communications Conference on May 23, 2022, at 11:20 AM ET. The event will take place at The Westin Boston Seaport District in Boston, Massachusetts. Interested parties can access the audio presentation via www.sbasite.com. SBA is a leading operator of wireless communications infrastructure with over 35,000 sites across the Americas, Africa, and the Philippines, and is a top REIT by market capitalization.
SBA Communications Corporation (NASDAQ: SBAC) announced that Chief Financial Officer, Brendan Cavanagh, will present at the Ninth Annual MoffettNathanson Media & Communications Summit on May 19, 2022, at 1:00 PM ET. The event will be virtual, and audio access is available via www.sbasite.com. SBA Communications is a prominent independent owner and operator of wireless communications infrastructure, with over 35,000 sites across the Americas, Africa, and the Philippines, and is part of the S&P 500.
SBA Communications Corporation (Nasdaq: SBAC) reported strong Q1 2022 results with a net income of $188.3 million or $1.72 per share, and a 12.9% revenue growth totaling $619.7 million. The company announced a quarterly cash dividend of $0.71 per share, payable on June 14, 2022. AFFO per share increased 14.7% to $2.96. Strong demand for 5G network support and international growth were highlighted. The company repurchased 1.3 million shares at an average price of $332.00.
SBA Communications Corporation (NASDAQ: SBAC) will release its first-quarter results on April 25, 2022, after market close. A conference call to discuss these results is scheduled for the same day at 5:00 PM (EDT). Investors can join the call by dialing 844-867-6169 with access code 1653120. A replay is available starting at 11:00 PM (EDT) on April 25, running until 12:00 AM (EDT) on May 9. For more details, visit www.sbasite.com.
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