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.
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SBA Communications Corporation (NASDAQ: SBAC) announced that it will release its first quarter results on May 1, 2023 after market close. A conference call to discuss these results is scheduled for 5:00 PM EDT on the same day. Investors can access the call by dialing 877-692-8955 with access code 1432720. The replay will be available starting May 2, 2023, until May 15, 2023, at the number (866) 207-1041 with access code 6182707. SBA operates over 39,000 communications sites across 16 markets in the Americas, Africa, and the Philippines, positioning itself as a key player in wireless infrastructure.
SBA Communications Corporation (NASDAQ: SBAC) announced that CEO Jeffrey A. Stoops will speak at the 2023 Citi Global Property CEO Conference on Tuesday, March 7, 2023, at 1:00 PM ET. The event will be held at The Diplomat Resort & Spa in Hollywood, Florida. Investors and interested parties can access the audio presentation by visiting www.sbasite.com. SBA Communications operates over 39,000 wireless communication sites across the Americas, Africa, and the Philippines, solidifying its position as a top Real Estate Investment Trust (REIT) in the S&P 500.
SBA Communications Corporation (NASDAQ: SBAC) has announced that Brendan Cavanagh, Chief Financial Officer, will speak at the Raymond James & Associates 44th Annual Institutional Investors Conference on Monday, March 6, 2023, at 9:50 AM ET. The event will take place at the JW Marriott Grand Lakes in Orlando, Florida. Investors can access the audio presentation through the company's website, www.sbasite.com. SBA Communications is a leading independent owner and operator of wireless communications infrastructure, with over 39,000 sites across the Americas, Africa, and the Philippines, and is listed among the S&P 500.
SBA Communications Corporation (NASDAQ: SBAC) announced that Jeff Stoops will retire as President and CEO on December 31, 2023. Brendan Cavanagh, currently CFO, will succeed him and join the Board. Stoops has been with SBA since March 1997 and significantly contributed to its growth, achieving a 555% revenue increase and raising enterprise value from $6 billion to $43 billion during his tenure. Cavanagh expressed enthusiasm for SBA's future, focusing on expanding wireless capabilities. The Board supports this transition, emphasizing planned continuity and growth under Cavanagh's leadership. Stoops will continue as non-executive Chairman.
SBA Communications Corporation (Nasdaq: SBAC) reported a strong fourth quarter for 2022, with net income of $102.6 million ($0.94 per share) and total revenue of $686.1 million, reflecting a 15.3% year-over-year growth. The company achieved significant portfolio growth, adding 2,792 sites, resulting in an AFFO per share increase of 11.0%. A quarterly cash dividend of $0.85 per share was declared, marking a 20% increase from the prior quarter. SBA's financial health remains robust, as it ended the year with a healthy balance sheet and favorable leverage ratios. The company anticipates solid domestic and international leasing demand, particularly driven by ongoing 5G deployments.