SBA Communications REIT (A) Stock News

SBA Communications Corporation reported mixed Q3 2024 results, with earnings per share and FFO exceeding estimates but revenue falling short, leading to a tepid market reaction. Despite revenue decline, the company raised full-year 2024 guidance, showing confidence in future performance and maintaining a bullish outlook. Shares have outperformed the S&P 500 by 22% since April, and the stock rem...

SBA Communications Corporation (NASDAQ:SBAC ) Q3 2024 Earnings Conference Call October 28, 2024 5:00 PM ET Company Participants Mark DeRussy - VP of Finance Brendan Cavanagh - CEO Marc Montagner - CFO Conference Call Participants Batya Levi - UBS Ric Prentiss - Raymond James Jim Schneider - Goldman Sachs Brandon Nispel - KeyBanc Simon Flannery - Morgan Stanley Jon Atkin - RBC Richard Choe - JPM...

SBA Communications raised its annual forecast for adjusted funds from operations on Monday, anticipating a steady wireless carrier activity on the back of growing demand for 5G network.

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended September 30, 2024. Highlights of the third quarter include: Net income of $255.9 million or $2.40 per share Industry-leading AFFO per share of $3.32 Increased full year 2024 outlook across all key metrics Issued $2.07 billion of Tower Securities...

These five REITs ranked as the top performers over the past two decades.

The Fed easing monetary conditions impacts cell tower REITs considerably given the capital intensity of investments and the dividends they pay. Utilizing a higher level of debt, lower rates should have a better impact on SBAC Communications, namely on profitability and FFO, meaning it deserves better. Also, a comparison with peers indicates its capital structure may be more suitable for the cur...

BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its third quarter results on Monday, October 28, 2024 after market close. SBA will host a conference call on Monday, October 28, 2024 to discuss these results. The call may be accessed as follows:   When: Monday, October 28, 2024 at 5:00 PM (ET)   Dial-in Number: 877-...

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 Goldman Sachs 2024 Communacopia + Technology Conference on Tuesday, September 10, 2024 at 3:05pm (PT). The conference will be at the Palace Hotel in San Francisco, California. The audio presentation for SBA ...