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SBA Communications Corporation (SBA) is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. Founded in 1989 and headquartered in Boca Raton, Florida, SBA has operations and offices in fourteen markets throughout the Americas and South Africa. We are listed on NASDAQ under the symbol SBAC and our organization is part of the S&P 500. SBA is also one of the top 20 Real Estate Investment Trusts (REITs) based on market capitalization.

SBA Communications

The main earnings metric reported by the REIT

If the REIT is managed by an internal (employees) or external (separate company) team

As a long-term debt issuer, SBAC is classified as speculative grade

Year: 2019

Years since IPO: 15/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 20/20,
Dividend Growth: 13/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Year: 2020

Years since IPO: 15/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Year: 2021

Years since IPO: 15/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Year: 2022

Years since IPO: 15/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Year: 2023

Years since IPO: 15/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Year: 2024

Years since IPO: 15/15,
Adjusted FFO Growth: 15/15,
Adjusted FFO/share Growth: 20/20,
Dividend Growth: 20/20,
Payout Ratio: 15/15,
Debt: 0/15
            

Years since IPO

Analysis of the recent Adjusted FFO performance

Adjusted FFO Growth

Analysis of the recent Adjusted FFO per share performance

Adjusted FFO/share Growth

Analysis of the recent Dividend track record

Dividend Growth

Payout level to determine if the dividend is safe

Payout Ratio

Debt analysis that uses Debt/Assets and Debt/EBITDA to determine if leverage levels are under control

Debt

SBA Communications is a cell tower REIT with a market cap of $26 billion. The company has both domestic and international towers, with domestic towers representing a larger portion of the total value. SBAC has demonstrated strong organic growth in tower leasing and has delivered excellent growth in FFO and AFFO per share.

Why My Top Pick In The Low-Yield REIT Sector Is SBA Communications

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Sell Alert: 3 REITs That Could Cut Their Dividend

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Why I Quit Buying Rental Properties To Buy REITs Instead

SBA Communications (SBAC) is likely to benefit from the healthy global demand for wireless connectivity and its asset buyouts. However, notable customer concentration and high interest rates are key woes.

Is It Wise to Retain SBA Communications (SBAC) Stock for Now?

The window of opportunity to buy REITs could be closing. They enjoy a very strong catalyst going into 2025. Warning: this could be your final chance to buy REITs at such low valuations.

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SBA Communications Co. (NASDAQ:SBAC &#8211; Get Free Report) announced a quarterly dividend on Monday, April 29th, RTT News reports. Shareholders of record on Thursday, May 23rd will be given a dividend of 0.98 per share by the technology company on Wednesday, June 19th. This represents a $3.92 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, May 22nd. SBA Communications has increased its dividend payment by an average of 22.3% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. SBA Communications has a payout ratio of 48.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SBA Communications to earn $12.51 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 31.3%. SBA Communications Trading Down 1.7 % Shares of SBAC opened at $199.38 on Monday. The company&#8217;s 50-day moving average price is $205.70 and its 200 day moving average price is $222.49. SBA Communications has a 12-month low of $183.64 and a 12-month high of $258.76. The firm has a market cap of $21.42 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 0.59 and a beta of 0.59. SBA Communications (NASDAQ:SBAC &#8211; Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.21 by $0.21. SBA Communications had a net margin of 20.61% and a negative return on equity of 10.75%. The firm had revenue of $657.86 million for the quarter, compared to analyst estimates of $671.08 million. During the same period in the prior year, the business posted $3.13 EPS. The business&#8217;s revenue for the quarter was down 2.6% compared to the same quarter last year. Equities research analysts forecast that SBA Communications will post 12.53 earnings per share

SBA Communications Co. (SBAC) To Go Ex-Dividend on May 22nd

Earnings season presents opportunities to buy quality stocks at discounted prices due to exaggerated market reactions. Prologis and Crown Castle have fallen in price, creating attractive entry points for long-term investors. Both companies have strong fundamentals and above-average dividend yields, making them appealing buys at their current valuations.

2 Solid Buy-The-Dip Dividends For May

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, President and Chief Executive Officer is scheduled to speak at the JP Morgan 52nd Annual Global Technology, Media and Communications Conference, Monday, May 20, 2024 at 10:00am ET. The conference will be at The Westin Boston Seaport District in Boston, Massachusetts. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporat.

SBA Communications Corporation to Speak at The JP Morgan 52nd Annual Global Technology, Media and Communications Conference

Q1-2024 results showed marginal revenue growth and SBAC downgraded the AFFO estimates for 2024. The growth story is done, at least for 2024 and 2025. We analyze the numbers and tell you where the lower-risk buy point lies.

SBA Communications: Value Investors Having The Last Laugh

SBA Communications' (SBAC) Q1 results reflect a year-over-year decline in revenues. The company also lowered its 2024 outlook.

SBA Communications' (SBAC) Q1 AFFO & Revenues Miss Estimates

BOCA RATON, FLA.--(BUSINESS WIRE)--SBA COMMUNICATIONS CORPORATION (NASDAQ: SBAC) (SBA) ANNOUNCES THAT BRENDAN CAVANAGH, PRESIDENT AND CHIEF EXECUTIVE OFFICER IS SCHEDULED TO SPEAK AT THE JP MORGAN 52ND ANNUAL GLOBAL TECHNOLOGY, MEDIA AND COMMUNICATIONS CONFERENCE, MONDAY, MAY 20, 2024 AT 10:00AM ET. THE CONFERENCE WILL BE AT THE WESTIN BOSTON SEAPORT DISTRICT IN BOSTON, MASSACHUSETTS. THE AUDIO PRESENTATION FOR SBA CAN BE ACCESSED BY VISITING WWW.SBASITE.COM. ABOUT SBA COMMUNICATIONS CORPORAT.

SBA COMMUNICATIONS CORPORATION TO SPEAK AT THE JP MORGAN 52ND ANNUAL GLOBAL TECHNOLOGY, MEDIA AND COMMUNICATIONS CONFERENCE

BOCA RATON, FLA.--(BUSINESS WIRE)--SBA COMMUNICATIONS CORPORATION (NASDAQ: SBAC) (SBA) ANNOUNCES THAT MARC MONTAGNER, CHIEF FINANCIAL OFFICER, IS SCHEDULED TO SPEAK AT THE MOFFETTNATHANSON 2024 MEDIA AND COMMUNICATIONS CONFERENCE ON TUESDAY, MAY 14, 2024 AT 2:00PM ET. THE CONFERENCE WILL BE AT THE HILTON MIDTOWN IN NEW YORK. THE AUDIO PRESENTATION FOR SBA CAN BE ACCESSED BY VISITING WWW.SBASITE.COM. ABOUT SBA COMMUNICATIONS CORPORATION SBA COMMUNICATIONS CORPORATION IS A LEADING INDEPENDENT O.

SBA COMMUNICATIONS CORPORATION TO SPEAK AT THE MOFFETTNATHANSON 2024 MEDIA AND COMMUNICATIONS CONFERENCE

BOCA RATON, FLA.--(BUSINESS WIRE)--SBA COMMUNICATIONS CORPORATION (NASDAQ: SBAC) ("SBA" OR THE "COMPANY") TODAY REPORTED RESULTS FOR THE QUARTER ENDED MARCH 31, 2024. HIGHLIGHTS OF THE FIRST QUARTER INCLUDE: NET INCOME OF $154.5 MILLION OR $1.42 PER SHARE AFFO PER SHARE OF $3.29, REPRESENTING A 5.1% GROWTH OVER THE PRIOR YEAR PERIOD ISSUED A NEW SENIOR SECURED TERM LOAN B AND INCREASED AND EXTENDED THE MATURITY OF THE SENIOR SECURED REVOLVING CREDIT FACILITY REPURCHASED 0.9 MILLION SHARES CUMUL.

SBA COMMUNICATIONS CORPORATION REPORTS FIRST QUARTER 2024 RESULTS; UPDATES FULL YEAR 2024 OUTLOOK; AND DECLARES QUARTERLY CASH DIVIDEND

BOCA RATON, FLA.--(BUSINESS WIRE)--SBA COMMUNICATIONS CORPORATION (NASDAQ: SBAC) (SBA AND COMPANY) ANNOUNCED IT WILL RELEASE ITS FIRST QUARTER RESULTS ON MONDAY, APRIL 29, 2024 AFTER MARKET CLOSE. SBA WILL HOST A CONFERENCE CALL ON MONDAY, APRIL 29, 2024 TO DISCUSS THESE RESULTS. THE CALL MAY BE ACCESSED AS FOLLOWS: WHEN: MONDAY, APRIL 29, 2024 AT 5:00 PM (EDT)   DIAL-IN NUMBER: 877-692-8955   ACCESS CODE: 3308847   CONFERENCE NAME: SBA FIRST QUARTER 2024 RESULTS   REPLAY AVAILABLE:.

SBA COMMUNICATIONS CORPORATION SETS DATE FOR FIRST QUARTER 2024 EARNINGS RELEASE

BOCA RATON, FLA.--(BUSINESS WIRE)--SBA COMMUNICATIONS CORPORATION (NASDAQ: SBAC) (SBA) ANNOUNCES THAT BRENDAN CAVANAGH, PRESIDENT AND CHIEF EXECUTIVE OFFICER, IS SCHEDULED TO SPEAK AT THE 32ND ANNUAL DEUTSCHE BANK MEDIA, INTERNET AND TELECOM CONFERENCE, TUESDAY, MARCH 12, 2024 AT 1:50 PM ET. THE CONFERENCE WILL BE AT THE BREAKERS HOTEL IN PALM BEACH, FLORIDA. THE AUDIO PRESENTATION FOR SBA CAN BE ACCESSED BY VISITING WWW.SBASITE.COM. ABOUT SBA COMMUNICATIONS CORPORATION SBA COMMUNICATIONS COR.

SBA COMMUNICATIONS CORPORATION TO SPEAK AT THE 32ND ANNUAL DEUTSCHE BANK MEDIA, INTERNET AND TELECOM CONFERENCE

BOCA RATON, FLA.--(BUSINESS WIRE)--SBA COMMUNICATIONS CORPORATION (NASDAQ: SBAC) ("SBA" OR THE "COMPANY") TODAY REPORTED RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2023. HIGHLIGHTS OF THE FOURTH QUARTER INCLUDE: NET INCOME OF $109.5 MILLION OR $1.01 PER SHARE AFFO PER SHARE OF $3.37, REPRESENTING AN 8.0% GROWTH OVER THE PRIOR YEAR PERIOD ISSUED A NEW SENIOR SECURED TERM LOAN B AND INCREASED AND EXTENDED THE MATURITY OF THE SENIOR SECURED REVOLVING CREDIT FACILITY SUBSEQUENT TO QUARTER END IN AD.

SBA COMMUNICATIONS CORPORATION REPORTS FOURTH QUARTER 2023 RESULTS; PROVIDES FULL YEAR 2024 OUTLOOK; AND DECLARES QUARTERLY CASH DIVIDEND

BOCA RATON, FLA.--(BUSINESS WIRE)--SBA COMMUNICATIONS CORPORATION (NASDAQ: SBAC) (SBA) ANNOUNCES THAT BRENDAN CAVANAGH, PRESIDENT AND CHIEF EXECUTIVE OFFICER IS SCHEDULED TO SPEAK AT CITI'S 2024 GLOBAL PROPERTY CEO CONFERENCE ON TUESDAY, MARCH 5, 2024 AT 8:10AM ET. THE CONFERENCE WILL BE AT THE DIPLOMAT RESORT & SPA IN HOLLYWOOD, FLORIDA. THE AUDIO PRESENTATION FOR SBA CAN BE ACCESSED BY VISITING WWW.SBASITE.COM. ABOUT SBA COMMUNICATIONS CORPORATION SBA COMMUNICATIONS CORPORATION IS A LEA.

SBA COMMUNICATIONS CORPORATION TO SPEAK AT 2024 CITI GLOBAL PROPERTY CEO CONFERENCE

BOCA RATON, FLA.--(BUSINESS WIRE)--SBA COMMUNICATIONS CORPORATION (NASDAQ: SBAC) (SBA) ANNOUNCES THAT BRENDAN CAVANAGH, PRESIDENT AND CHIEF EXECUTIVE OFFICER, IS SCHEDULED TO SPEAK AT THE RAYMOND JAMES & ASSOCIATES 45TH ANNUAL INSTITUTIONAL INVESTORS CONFERENCE ON MONDAY, MARCH 4, 2024 AT 11:00AM ET. THE CONFERENCE WILL BE AT THE JW MARRIOTT GRAND LAKES IN ORLANDO, FLORIDA. THE AUDIO PRESENTATION FOR SBA CAN BE ACCESSED BY VISITING WWW.SBASITE.COM. ABOUT SBA COMMUNICATIONS CORPORATION SBA.

SBA COMMUNICATIONS CORPORATION TO SPEAK AT THE RAYMOND JAMES & ASSOCIATES 45TH ANNUAL INSTITUTIONAL INVESTORS CONFERENCE

BOCA RATON, FLA.--(BUSINESS WIRE)--SBA COMMUNICATIONS CORPORATION (NASDAQ: SBAC) (SBA AND COMPANY) ANNOUNCED IT WILL RELEASE ITS FOURTH QUARTER RESULTS ON MONDAY, FEBRUARY 26, 2024 AFTER MARKET CLOSE. SBA WILL HOST A CONFERENCE CALL ON MONDAY, FEBRUARY 26, 2024 TO DISCUSS THESE RESULTS. THE CALL MAY BE ACCESSED AS FOLLOWS: WHEN: MONDAY, FEBRUARY 26, 2024 AT 5:00 PM (EST)   DIAL-IN NUMBER: 877-692-8955  ACCESS CODE: 1933372   CONFERENCE NAME: SBA FOURTH QUARTER 2023 RESULTS   REPLAY A.

SBA COMMUNICATIONS CORPORATION SETS DATE FOR FOURTH QUARTER 2023 EARNINGS RELEASE

BOCA RATON, FLA.--(BUSINESS WIRE)--SBA COMMUNICATIONS CORPORATION (NASDAQ: SBAC) (SBA OR THE COMPANY) TODAY ANNOUNCED THAT LONG-TERM INDUSTRY VETERAN, JASON SILBERSTEIN, EXECUTIVE VICE PRESIDENT, SITE LEASING WILL RETIRE FROM HIS CURRENT TITLE AND ROLE EFFECTIVE AUGUST 1, 2024. SUCCEEDING MR. SILBERSTEIN WILL BE DONALD DAY. MR. DAY HAS BEEN WITH SBA FOR 13 YEARS, MOST RECENTLY SERVING AS SENIOR VICE PRESIDENT, SERVICES. WE ARE ALSO PLEASED TO ANNOUNCE THAT NICHOLE THOMAS, CURRENTLY THE COMP.

SBA Communications

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