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) announced that Brendan Cavanagh, CFO, will speak at the 2021 Truist Securities Technology, Internet & Services Conference on March 10, 2021, at 11:20 AM ET. This virtual conference will allow participants to access the audio presentation through the company’s website.
SBA Communications is a leading independent operator of wireless communication infrastructure, boasting over 33,000 communications sites across the Americas and South Africa. The company is a member of the S&P 500 and ranks high among Real Estate Investment Trusts (REITs) by market capitalization.
SBA Communications Corporation (NASDAQ: SBAC) announced that Jeffrey A. Stoops, CEO, will speak at Deutsche Bank’s 29th Annual Media, Internet & Telecom Conference on March 9, 2021, at 2:00 PM ET. This virtual conference will provide insights into the company's operations as a leading independent owner of wireless communications infrastructure, including over 33,000 sites across the Americas and South Africa. SBA is recognized as a top Real Estate Investment Trust (REIT) and is part of the S&P 500 index.
SBA Communications Corporation (NASDAQ: SBAC) announces that President and CEO Jeffrey A. Stoops will speak at the 2021 Citi Virtual Global Property CEO Conference on March 8, 2021, at 1:15 PM ET. The conference will be held virtually, and interested parties can access the audio presentation through www.sbasite.com. SBA, a leading independent operator of wireless communications infrastructure, manages over 33,000 sites across the Americas and South Africa and is a prominent S&P 500 company.
SBA Communications Corporation (Nasdaq: SBAC) reported strong fourth-quarter results for 2020, featuring a net income of $105.8 million or $0.94 per share, and site leasing revenue of $493.0 million. The AFFO per share grew 18.8% year-over-year. A quarterly cash dividend of $0.58 per share was declared, reflecting a 25% increase. The company also executed share buybacks and signed a new lease agreement with Dish. CEO Jeffrey A. Stoops expressed confidence in future growth due to upcoming spectrum auctions and a favorable financing environment.
DISH Network and SBA Communications have signed a long-term master lease agreement granting DISH access to SBA's extensive wireless communication sites, crucial for DISH's nationwide 5G network deployment. The agreement includes various pre-construction functions such as site acquisition and regulatory compliance. DISH's Executive VP Dave Mayo emphasized the importance of this collaboration in enhancing their 5G infrastructure. SBA's CEO Jeff Stoops expressed confidence in supporting DISH's network efforts. DISH aims to innovate with its cloud-native, Open RAN-based 5G services.
SBA Communications Corporation (NASDAQ: SBAC) announces that its President and CEO, Jeffrey A. Stoops, will speak at the virtual Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021, at 9:30 AM ET. Interested parties can access the audio presentation through the company’s website at www.sbasite.com. SBA is a leading operator of wireless communications infrastructure with over 32,000 sites across the Americas and South Africa and is listed on the S&P 500 as a top Real Estate Investment Trust (REIT).
SBA Communications Corporation (NASDAQ: SBAC) will have its CFO, Brendan Cavanagh, present at the Raymond James 42nd Annual Institutional Investors Conference on March 1, 2021, at 10:00 am ET. This will be a virtual event, and interested participants can access the audio presentation on www.sbasite.com.
SBA is a prominent owner and operator in the wireless communications infrastructure sector, boasting over 32,000 communications sites across fourteen markets. As a top REIT, SBA is listed on NASDAQ under the symbol SBAC.
SBA Communications Corporation (NASDAQ: SBAC) will release its fourth quarter results on February 22, 2021, after market close. A conference call is scheduled for the same day at 5:00 PM (EDT) to discuss the results. Investors can access the call by dialing 877-692-8955 with the access code 1527350. A replay of the call will be available from 11:00 PM on February 22 until March 8, 2021, at (866) 207-1041, access code 4810660. SBA, part of the S&P 500, operates over 32,000 communications sites across the Americas and South Africa.
SBA Communications Corporation (Nasdaq: SBAC) has announced year-end tax reporting details for its 2020 distributions. Shareholders are recommended to consult personal tax advisors regarding the treatment of these distributions. Key details include cash distributions of $0.465 per share across four payment dates: March 26, June 18, September 22, and December 17, 2020. All distributions qualify as ordinary taxable dividends, with no unrecaptured section 1250 gains or non-dividend distributions reported for the year. The announcement underscores SBA's position as a key player in wireless infrastructure.
SBA Communications Corporation (NASDAQ: SBAC) has priced a $1.5 billion offering of senior notes due 2029, with a fixed interest rate of 3.125%. The offering is set to close on January 29, 2021. The proceeds will be used to redeem its outstanding 4.000% Senior Notes due 2022, repay amounts under its Revolving Credit Facility, and for general corporate purposes. The Notes will be offered only to qualified institutional buyers and certain non-U.S. persons. This move signals SBA's ongoing strategies to manage debt and finance operations efficiently.
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