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 (NASDAQ: SBAC) is a real estate investment trust that owns and operates wireless communications infrastructure and leases space on these assets to wireless service providers. The SBAC news page on Stock Titan focuses on company announcements and disclosures that explain how this tower and site leasing business is evolving over time.
News for SBA Communications frequently centers on quarterly earnings releases, where the company reports site leasing revenue, site development revenue, tower cash flow, Adjusted EBITDA, and Adjusted Funds From Operations (AFFO). These releases often include updated full-year outlook ranges, details on domestic and international site leasing performance, and commentary on carrier leasing activity and network investment.
Investors can also follow capital allocation and portfolio activity through SBA’s news. Recent press releases describe acquisitions of communication sites, including large groups of sites acquired through a transaction with Millicom, construction of new towers, purchases of land and easements, and agreements to sell tower assets and related operations in certain markets such as Canada. The company’s announcements also cover stock repurchase activity, dividend declarations on its Class A common stock, and leverage metrics.
Another recurring category of SBAC news involves investor conference participation. The company regularly announces appearances by its executives at technology, media, communications, and leveraged finance conferences hosted by major financial institutions. These items provide additional context on how management presents the business to the investment community.
By reviewing the SBAC news feed, readers can track how SBA Communications’ site leasing and services businesses are performing, how its communications infrastructure portfolio is changing through acquisitions and dispositions, and how management updates financial guidance. This page is useful for investors who want a single location for the company’s earnings updates, portfolio transactions, dividend announcements, and conference participation notices.
SBA Communications Corporation (NASDAQ: SBAC) announced the upcoming retirements of Kurt L. Bagwell and Thomas P. Hunt, effective January 1, 2023. They will be succeeded by Richard Cane and Joshua Koenig, both experienced SBA veterans. Cane, with over 35 years in telecommunications, has been with SBA since 2019, while Koenig has held various roles since joining in 2010. Their transitions aim to ensure continued growth and shareholder value, with both retiring executives remaining until March 2023 for support.
SBA Communications Corporation (NASDAQ: SBAC) will have its President and CEO, Jeffrey A. Stoops, speaking at the RBC Global Communications Infrastructure Conference on Tuesday, May 24, 2022, at 2:40 PM MDT. The conference is set to take place at The Jacquard Hotel in Denver, Colorado. Investors and interested parties can access the audio presentation on the company's website. SBA operates a vast portfolio of over 35,000 communications sites across 16 markets in the Americas, Africa, and the Philippines, making it a leading independent owner and operator of wireless communications infrastructure.
SBA Communications Corporation (NASDAQ: SBAC) announced that its President and CEO, Jeffrey A. Stoops, will speak at the JP Morgan 50th Annual Global Technology, Media and Communications Conference on May 23, 2022, at 11:20 AM ET. The event will take place at The Westin Boston Seaport District in Boston, Massachusetts. Interested parties can access the audio presentation via www.sbasite.com. SBA is a leading operator of wireless communications infrastructure with over 35,000 sites across the Americas, Africa, and the Philippines, and is a top REIT by market capitalization.
SBA Communications Corporation (NASDAQ: SBAC) announced that Chief Financial Officer, Brendan Cavanagh, will present at the Ninth Annual MoffettNathanson Media & Communications Summit on May 19, 2022, at 1:00 PM ET. The event will be virtual, and audio access is available via www.sbasite.com. SBA Communications is a prominent independent owner and operator of wireless communications infrastructure, with over 35,000 sites across the Americas, Africa, and the Philippines, and is part of the S&P 500.
SBA Communications Corporation (Nasdaq: SBAC) reported strong Q1 2022 results with a net income of $188.3 million or $1.72 per share, and a 12.9% revenue growth totaling $619.7 million. The company announced a quarterly cash dividend of $0.71 per share, payable on June 14, 2022. AFFO per share increased 14.7% to $2.96. Strong demand for 5G network support and international growth were highlighted. The company repurchased 1.3 million shares at an average price of $332.00.
SBA Communications Corporation (NASDAQ: SBAC) will release its first-quarter results on April 25, 2022, after market close. A conference call to discuss these results is scheduled for the same day at 5:00 PM (EDT). Investors can join the call by dialing 844-867-6169 with access code 1653120. A replay is available starting at 11:00 PM (EDT) on April 25, running until 12:00 AM (EDT) on May 9. For more details, visit www.sbasite.com.
SBA Communications Corporation (NASDAQ: SBAC) announced the election of Jay L. Johnson as an independent director, effective March 28, 2022. Johnson, currently the CFO of Lamar Advertising (NASDAQ: LAMR), brings extensive experience in the Real Estate Investment Trust (REIT) sector and media. His background includes leadership roles at DiamondRock Hospitality and Host Hotels & Resorts. This appointment is seen as beneficial amidst ongoing innovations in wireless infrastructure and aims to enhance the Board's expertise.
SBA Communications Corporation (NASDAQ: SBAC) announced that its CEO, Jeffrey A. Stoops, will speak at the 30th Annual Deutsche Bank Media, Internet and Telecom Conference on March 15, 2022, at 11:50 AM ET. The event will be held at The Breakers Hotel in Palm Beach, Florida. Interested participants can access the audio presentation via www.sbasite.com. SBA Communications is a top independent operator of wireless communications infrastructure, with over 35,000 sites across the Americas, Africa, and the Philippines.
SBA Communications Corporation (NASDAQ: SBAC) has announced that its President and CEO, Jeffrey A. Stoops, is scheduled to speak at the 2022 Citi Global Property CEO Conference on March 7, 2022, at 11:15 AM ET. The conference will take place at The Diplomat Resort & Spa in Hollywood, Florida. Interested participants can access the audio presentation on the company's official website at www.sbasite.com.
SBA Communications is a leading independent operator of wireless communications infrastructure, managing over 35,000 sites across multiple regions.
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.