SBA Communications Corporation Announces Tax Reporting Information for 2022 Distributions

Rhea-AI Summary

SBA Communications Corporation (Nasdaq: SBAC) announced year-end tax reporting details for 2022 distributions, urging stockholders to consult tax advisors. Key information includes cash distributions of $0.71 per share, consistent across four payment dates: March 25, June 14, September 20, and December 15, 2022. All distributions are classified as ordinary taxable dividends, with no unrecaptured section 1250 gains reported. SBA Communications operates over 35,000 wireless infrastructure sites globally and is a prominent Real Estate Investment Trust (REIT) listed on NASDAQ and part of the S&P 500.

Positive

• Consistent cash distribution of $0.71 per share across four payment dates.
• No unrecaptured section 1250 gains or non-dividend distributions for the tax year.

Negative

• None.

BOCA RATON, Fla.--(BUSINESS WIRE)-- SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today announced year-end tax reporting information for its 2022 distributions. Stockholders are urged to consult with their personal tax advisors as to their specific tax treatment.

SBA Communications Corporation Common Stock
CUSIP 78410G104
Ticker Symbol: SBAC

Record Date	Payment Date	Cash Distribution (per share)	Ordinary Taxable Dividends (per share)	Section 199A Dividends (1) (per share)
3/10/2022	3/25/2022	$0.71	$0.71	$0.71
5/19/2022	6/14/2022	$0.71	$0.71	$0.71
8/25/2022	9/20/2022	$0.71	$0.71	$0.71
11/17/2022	12/15/2022	$0.71	$0.71	$0.71
(1) Included in Ordinary Taxable Dividends

Note: For the tax year ended December 31, 2022, there were no unrecaptured section 1250 gains or non-dividend distributions.

This information represents final income allocations.

This press release will be available on our website at www.sbasite.com.

About SBA Communications Corporation

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 35,000 communications sites in sixteen markets throughout the Americas, Africa and the Philippines. SBA is listed on NASDAQ under the symbol SBAC. SBA is part of the S&P 500 and is one of the top Real Estate Investment Trusts (REITs) by market capitalization. For more information, please visit: www.sbasite.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230127005415/en/

Mark DeRussy, CFA

Capital Markets

561-226-9531

Lynne Hopkins

Media Relations

561-226-9431

Source: SBA Communications Corporation

FAQ

What is the cash distribution per share for SBA Communications for 2022?

The cash distribution per share for 2022 is $0.71.

When are the payment dates for SBA's 2022 distributions?

The payment dates for 2022 distributions are March 25, June 14, September 20, and December 15.

What are the tax implications of SBA Communications' 2022 distributions?

All distributions are classified as ordinary taxable dividends; stockholders should consult tax advisors.

Did SBA Communications report any unrecaptured section 1250 gains for 2022?

No, there were no unrecaptured section 1250 gains reported for the tax year.

How many communication sites does SBA Communications operate?

SBA Communications operates over 35,000 wireless infrastructure sites globally.