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 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) has initiated a private offering of $1.5 billion in senior notes due in 2029. The net proceeds will be utilized to redeem $750 million of its 4.000% Senior Notes due in 2022, repay amounts under its Revolving Credit Facility, and for general corporate purposes. The redemption of the 2017 Notes is scheduled for February 11, 2021. The notes will be offered only to qualified institutional buyers in the U.S. and certain non-U.S. persons, and they have not been registered under the Securities Act.
SBA Communications Corporation (NASDAQ: SBAC) has announced that its Chief Financial Officer, Brendan Cavanagh, will present at the Citi 2021 Global TMT West Virtual Conference on January 5, 2021, at 2:00 PM ET. The event can be accessed via www.sbasite.com. SBA is a prominent independent operator of wireless communications infrastructure, boasting over 32,000 sites across 14 markets in the Americas and South Africa. The company is a member of the S&P 500 and ranks among the top 20 Real Estate Investment Trusts (REITs) by market capitalization.
SBA Communications Corporation (SBAC) reported strong financial results for Q3 2020, with net income of $22.6 million or $0.20 per share and site leasing revenue of $486.8 million, reflecting a 3.9% year-over-year increase. The company achieved a 15.3% growth in AFFO per share and raised its 2020 outlook across key metrics. A cash dividend of $0.465 per share is payable on December 17, 2020. The firm also repurchased 1 million shares in Q3 and expects continued operational performance amidst ongoing COVID-19 challenges.
SBA Communications Corporation (NASDAQ: SBAC) announced it will release its third quarter results on November 2, 2020, after market close. A conference call will follow on the same date at 5:00 PM EDT to discuss the results. Investors can join the call by dialing (844) 867-6169 and using access code 6462990. A replay of the call will be available until November 16, 2020. SBA operates over 32,000 communication sites across the Americas and South Africa, making it one of the leading independent owners of wireless infrastructure.