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SBA Communications Corp - SBAC STOCK NEWS

Welcome to our dedicated news page for SBA Communications (Ticker: SBAC), a resource for investors and traders seeking the latest updates and insights on SBA Communications.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SBA Communications's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SBA Communications's position in the market.

News
SBA Communications Corporation Sets Date for First Quarter 2024 Earnings Release
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
earnings
-
News
SBA Communications Corporation to Speak at the 32nd Annual Deutsche Bank Media, Internet and Telecom Conference
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.77%
Tags
conferences
-
News
SBA Communications Corporation Reports Fourth Quarter 2023 Results; Provides Full Year 2024 Outlook; and Declares Quarterly Cash Dividend
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.77%
Tags
dividends earnings
News
SBA Communications Corporation to Speak at 2024 Citi Global Property CEO Conference
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.79%
Tags
conferences
-
News
SBA Communications Corporation to Speak at the Raymond James & Associates 45th Annual Institutional Investors Conference
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
conferences
-
News
SBA Communications Corporation Sets Date for Fourth Quarter 2023 Earnings Release
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.16%
Tags
earnings
News
SBA Communications Announces Executive Officer Retirement and Appointments
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.69%
Tags
none
-
News
SBA Communications Completes $4.05 Billion Senior Secured Financing
Rhea-AI Summary
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%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2%
Tags
none
-
News
SBA Communications Corporation Announces Tax Reporting Information for 2023 Distributions
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
none
News
SBA Communications Corporation Reports Third Quarter 2023 Results; Updates Full Year 2023 Outlook; and Declares Quarterly Cash Dividend
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.46%
Tags
dividends earnings
Stock SBAC logo
SBA Communications Corp

Nasdaq:SBAC

SBAC Rankings

#485 Ranked by Market Cap
#3577 Ranked by Stock Gains
#1430 Ranked by Dividends

SBAC Stock Data

21.82B
107.00M
1.12%
99.44%
2.51%
Lessors of Other Real Estate Property
Real Estate and Rental and Leasing
Link
US
Boca Raton

About SBAC

sba communications corporation (sba) is a leading independent owner and operator of wireless communications infrastructure across north, central and south america. founded in 1989 and headquartered in boca raton, florida, sba is listed on nasdaq under the symbol: sbac. by "building better wireless"​, sba generates revenue from two primary businesses - site leasing and site development services. •in our site leasing business, we lease antenna space on our multi-tenant towers and other structures to a variety of wireless service providers under long-term lease contracts. •our site development business offers wireless service providers and operators assistance in developing their own networks through site acquisition, zoning, construction and equipment installation. our principal operations are in the united states and its territories. in addition, sba owns and operates towers in brazil, canada, costa rica, el salvador, guatemala, nicaragua and panama. our expansion is driven by: •consume