SBA Communications Corporation reports developments for a wireless communications infrastructure REIT that owns tower sites and leases antenna space to mobile carriers across North America, South America and Africa. Recurring updates include quarterly results, REIT operating metrics, full-year outlooks, cash dividends on Class A common stock, leverage and debt disclosures, acquisitions of communication-site interests and land rights, and management presentations at technology, media, telecom and property conferences.
Company news also covers governance and capital-structure matters tied to SBA's tower portfolio and carrier-focused leasing model.
SBA Communications Corporation (Nasdaq: SBAC) reported strong Q4 2021 results, with total revenue of $595.3 million, an 11.1% increase from the prior year. Net income was $48.9 million or $0.44 per share, despite a significant drop from last year's $105.8 million. The company's AFFO per share rose by 13.3%, reaching $2.81. SBA announced a quarterly dividend of $0.71, up 22%, payable March 25, 2022. Notably, they have a strong market outlook with robust capital expenditure plans and ongoing international expansion.
SBA Communications Corporation (NASDAQ: SBAC) announced that its President and CEO, Jeffrey A. Stoops, will speak at the 2022 Citi Global Property CEO Conference on March 7, 2022, at 2:45 PM ET. The event will take place at The Diplomat Resort & Spa in Hollywood, Florida. Investors can access the audio presentation via www.sbasite.com. SBA Communications operates over 34,000 communications sites across the Americas and South Africa, ranking as a top Real Estate Investment Trust by market capitalization.
SBA Communications Corporation (NASDAQ: SBAC) announced that Chief Financial Officer Brendan Cavanagh will speak at the Raymond James & Associates 43rd Annual Institutional Investors Conference. This event is scheduled for Monday, March 7, 2022, at 9:50 AM ET, located at the JW Marriott Grand Lakes in Orlando, Florida. The audio presentation can be accessed online at www.sbasite.com. SBA Communications is a leading independent owner and operator of wireless communications infrastructure, with over 34,000 sites in the Americas and South Africa.
SBA Communications Corporation (NASDAQ: SBAC) announced it will release its fourth quarter results on February 28, 2022, after market close. A conference call will be held on the same day at 5:00 PM EST to discuss these results. Investors can access the call using the dial-in number 844-867-6169 and access code 1653120. A replay will be available starting at 11:00 PM EST on the same day through March 14, 2022. For more information, visit www.sbasite.com.
SBA Communications Corporation (Nasdaq: SBAC) announced year-end tax reporting information for 2021 distributions. Stockholders are advised to consult personal tax advisors regarding specific tax treatment. Key dates include record dates on March 10, May 20, August 26, and November 18, 2021, with payment dates from March 26 to December 16, 2021. Each cash distribution was $0.58 per share, with ordinary taxable dividends matching this amount. No unrecaptured section 1250 gains or non-dividend distributions were reported for the tax year ending December 31, 2021.
SBA Communications Corporation (NASDAQ: SBAC) announces that its Chief Financial Officer, Brendan Cavanagh, will speak at the Citi AppsEconomy Conference on January 5, 2022, at 1:00 PM ET. The conference will be held virtually, with access to the audio presentation available at www.sbasite.com. SBA is a prominent independent owner and operator of wireless communications infrastructure, boasting over 34,000 communications sites across the Americas and South Africa, and is part of the S&P 500.
SBA Communications Corporation (NASDAQ: SBAC) has announced that CEO Jeffrey A. Stoops will speak at the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021, at 10:20 am ET. This will be a virtual event, and the audio presentation can be accessed on the company's website. SBA Communications is a leading independent owner and operator of wireless infrastructure, with over 33,000 sites across the Americas and South Africa, and is part of the S&P 500.
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.