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 (NASDAQ: SBAC), a leading independent owner and operator of wireless communications infrastructure, has announced that its Chief Financial Officer, Marc Montagner, will speak at the Citi 2024 Global TMT Conference on Thursday, September 5, 2024, at 2:10pm (ET). The conference will take place at The Lotte New York Palace in New York.
SBA's audio presentation will be accessible via their website, www.sbasite.com. The company operates a portfolio of over 39,000 communications sites across 15 markets in the Americas, Africa, and the Philippines. As a prominent Real Estate Investment Trust (REIT), SBA is listed on NASDAQ and is part of the S&P 500.
SBA Communications (NASDAQ: SBAC) has announced that its Chief Financial Officer, Marc Montagner, will be speaking at the Bank of America 2024 Media, Communications and Entertainment Conference on Wednesday, September 4, 2024, at 10:30am (ET). The conference will take place at The Bank of America Pavilion in New York.
SBA Communications is a leading independent owner and operator of wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems (DAS), and small cells. The company has a portfolio of over 39,000 communications sites across 15 markets in the Americas, Africa, and the Philippines. SBA is listed on NASDAQ under the symbol SBAC and is part of the S&P 500 index. It is also one of the top Real Estate Investment Trusts (REITs) by market capitalization.
SBA Communications (Nasdaq: SBAC) reported its Q2 2024 results with net income of $159.5 million, or $1.51 per share, down 21% from $202.0 million in Q2 2023. Total revenues fell 2.7% to $660.5 million. Adjusted EBITDA slightly decreased by 1% to $467.1 million. Site leasing revenue remained almost flat at $626.5 million, while site development revenue dropped 35% to $34.0 million. AFFO per share increased 1.5% to $3.29. The company declared a quarterly cash dividend of $0.98 per share, payable on September 18, 2024. SBA ended the quarter with $12.4 billion of total debt and net debt to EBITDA leverage ratio of 6.4x. The company spent $91.6 million on capital expenditures and acquired 117 communication sites for $26.5 million. The full year 2024 outlook has been updated, anticipating continued growth based on customer network needs.
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.
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.
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.
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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