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 (SBAC) reported strong results for Q3 2021, featuring a net income of $47.8 million or $0.43 per share, and total revenue of $589.3 million, up 12.7% year-over-year. The company announced a dividend of $0.58 per share, payable on December 16, 2021. The growth is attributed to heightened US wireless carrier activity, with record services revenue and improved leasing backlogs. AFFO per share rose 13.9% from the previous year. The company also repurchased 1 million shares during the quarter and plans to maintain elevated leasing activity into 2022.
SBA Communications Corporation (NASDAQ: SBAC) plans to release its third quarter results on November 1, 2021, after market close. A conference call will follow at 5:00 PM (EDT) to discuss these results, accessible via dial-in at 877-226-8189 with access code 7051615. A replay will be available from November 1 to November 15, 2021. SBA operates a robust portfolio of over 33,000 communications sites across the Americas and South Africa.
SBA Communications Corporation (NASDAQ: SBAC) announced that CEO Jeffrey A. Stoops will present at the Goldman Sachs 2021 Communacopia Conference on September 22, 2021, at 11:20 am ET. This event will be held virtually, and the audio presentation can be accessed through www.sbasite.com. SBA owns and operates over 33,000 wireless communication sites across the Americas and South Africa, ranking as one of the top Real Estate Investment Trusts (REITs) by market capitalization.
SBA Communications Corporation (NASDAQ: SBAC) announced that Brendan Cavanagh, CFO, will present at the Bank of America Securities 2021 Media, Communications and Entertainment Conference on September 14, 2021, at 9:25 AM ET. The conference will take place virtually, and the audio presentation can be accessed at www.sbasite.com. SBA Communications operates over 33,000 wireless communications sites across the Americas and South Africa, and is one of the largest REITs by market capitalization.
SBA Communications Corporation (Nasdaq: SBAC) reported strong Q2 2021 results with net income of $152.7 million or $1.37 per share, representing a remarkable 561% increase year-over-year. Total revenue reached $575.5 million, up 13.5% from the previous year. AFFO per share rose 15.3% to $2.64. The Board declared a quarterly cash dividend of $0.58 per share, payable on September 23, 2021. SBA also reported record service revenue and expects continued strong leasing activity in 2022, supported by 5G network expansions.
SBA Communications Corporation (NASDAQ: SBAC) will release its second quarter results on August 2, 2021, after market close. A conference call is scheduled for the same day at 5:00 PM (EDT) to discuss these results. Investors can access the call via dial-in number: 877-692-8955, with an access code of 1473405. A replay of the call will be available from 11:00 PM on August 2 until 12:00 AM on August 16, 2021. More information can be found on the company's website: www.sbasite.com.
SBA Communications Corporation (NASDAQ: SBAC) has announced that CEO Jeffrey A. Stoops will present at the J.P. Morgan Technology, Media and Communications Conference on May 25, 2021, at 11:45 am ET. This event will be held virtually, and interested parties can access the audio presentation through www.sbasite.com. SBA is a leading independent owner and operator of wireless communications infrastructure, boasting over 33,000 sites across the Americas and South Africa. The company is part of the S&P 500 and ranks among the top REITs by market cap.
SBA Communications Corporation (NASDAQ: SBAC) announced that CFO Brendan Cavanagh will speak at the Eighth Annual MoffettNathanson Media and Communications Summit on May 12, 2021, at 10:00 am ET. This is a virtual event, with audio access available at www.sbasite.com. SBA is a leading owner and operator of wireless communications infrastructure, boasting over 33,000 sites across 14 markets in the Americas and South Africa. The company is part of the S&P 500 and ranks among the top REITs by market capitalization.
SBA Communications Corporation (SBAC) reported a net loss of $11.7 million for Q1 2021, reflecting a significant improvement from a loss of $127.1 million in Q1 2020. The company achieved a 16.2% growth in AFFO per share on a constant currency basis, amounting to $2.58. Total revenues increased to $548.7 million, up 6.1% from the prior year. A quarterly cash dividend of $0.58 per share was declared, payable June 15, 2021. SBA signed a global leasing agreement with Verizon and repurchased 0.7 million shares at an average price of $258.33.
SBA Communications Corporation (NASDAQ: SBAC) will announce its first quarter results on April 26, 2021, after market close. Following the release, the Company will host a conference call at 5:00 PM EDT on the same date to discuss the results. Investors can join the call by dialing 877-692-8955 and using access code 5907785. A replay of the call will be available until May 10, 2021. SBA operates over 33,000 communication sites in the Americas and South Africa, and is a leading independent owner of wireless infrastructure.
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