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SBA Communications Corporation - SBAC STOCK NEWS

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

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SBA Communications (NASDAQ: SBAC) will release its second quarter 2024 results on Monday, July 29, 2024, after the market closes.

A conference call will be hosted the same day at 5:00 PM (EDT) to discuss these results, accessible by dialing 877-692-8955 with access code 3722027. A replay will be available from 11:00 PM on July 29, 2024, until 12:00 AM on August 12, 2024, at 866-207-1041, access code 4132299.

SBA Communications, a leading REIT in wireless infrastructure, operates over 39,000 communication sites in multiple continents and is part of the S&P 500.

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SBA Communications (NASDAQ: SBAC) announces that Brendan Cavanagh, President and CEO, will speak at the JP Morgan 52nd Annual Global Technology, Media, and Communications Conference on May 20, 2024. SBA is a leading owner/operator of wireless communications infrastructure with a portfolio of over 39,000 sites across 15 markets.

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SBA Communications (NASDAQ: SBAC) announces that Marc Montagner, Chief Financial Officer, will speak at the MoffettNathanson 2024 Media and Communications Conference on May 14, 2024. SBA is a leading owner and operator of wireless communications infrastructure with over 39,000 sites. The organization is listed on NASDAQ under the symbol SBAC and is part of the S&P 500.

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SBA Communications reported solid first quarter 2024 results with net income of $154.5 million and AFFO per share of $3.29, a 5.1% growth year-over-year. The company repurchased 0.9 million shares, declared a quarterly cash dividend of $0.98 per share, and updated its full year 2024 outlook. SBA remains well-positioned to benefit shareholders with a strong financial position and anticipated solid organic leasing growth.

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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.
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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.
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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.
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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.
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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.
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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.
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FAQ

What does SBA Communications Corporation do?

SBA Communications Corporation owns and operates wireless communications infrastructure, leasing antenna space on their towers and offering site development services.

When was SBA Communications Corporation founded?

SBA Communications Corporation was founded in 1989.

Where is SBA Communications Corporation headquartered?

SBA Communications Corporation is headquartered in Boca Raton, Florida.

On which stock exchange is SBA Communications Corporation listed?

SBA Communications Corporation is listed on NASDAQ under the symbol SBAC.

How many cell towers does SBA Communications own?

SBA Communications owns and operates nearly 40,000 cell towers across North America, South America, and Africa.

What are SBA Communications' primary business segments?

SBA Communications' primary business segments are site leasing and site development services.

What is SBA Communications' geographical presence?

SBA Communications has a significant presence in the United States, Brazil, Canada, Costa Rica, El Salvador, Guatemala, Nicaragua, and Panama.

What percentage of SBA Communications’ revenue is generated from the United States?

Approximately 70% of SBA Communications' total revenue is generated from the United States.

How does SBA Communications generate revenue?

SBA Communications generates revenue through leasing antenna space on their towers and offering site development services to wireless service providers.

What is the significance of SBA Communications' customer base?

SBA Communications has a concentrated customer base composed mainly of top mobile carriers, ensuring consistent and reliable revenue.

SBA Communications Corporation

Nasdaq:SBAC

SBAC Rankings

SBAC Stock Data

22.87B
107.44M
0.87%
98.12%
2.16%
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