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SBA Communications Corp - $SBAC STOCK NEWS

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.

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.

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%
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none
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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%
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dividends earnings
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Rhea-AI Summary
SBA Communications Corporation to release third quarter results on November 2, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.51%
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Rhea-AI Summary
SBA Communications Corporation appoints Marc Montagner as the next EVP & CFO, effective January 1, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
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management
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Rhea-AI Summary
SBA Communications CFO to speak at Goldman Sachs conference
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End-of-Day
0.99%
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conferences
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Rhea-AI Summary
SBA Communications Corporation (NASDAQ: SBAC) will release its second quarter results on July 31, 2023 after market close. A conference call will be held to discuss these results. Dial-in number: 877-692-8955. Access code: 7464269.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.25%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.7%
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conferences
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.38%
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conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.38%
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dividends
SBA Communications Corp

Nasdaq:SBAC

SBAC Rankings

SBAC Stock Data

20.83B
107.00M
1.12%
99.44%
2.51%
Lessors of Other Real Estate Property
Real Estate and Rental and Leasing
Link
United States of America
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