SBA Communications Corp
NASDAQ:SBAC

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SBA Communications Corp
NASDAQ:SBAC
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Price: 196.685 USD 0.88%
Market Cap: 21.1B USD

SBA Communications Corp
Investor Relations

SBA Communications Corp., often under the radar yet pivotal in the telecommunications landscape, has crafted its narrative on the invisible threads of connectivity. Founded in 1989, the company has entrenched itself as a key player in building and managing wireless infrastructure, essential for the burgeoning mobile communications sector. The essence of SBA's business lies in its extensive portfolio of towers and rooftop sites, with a business model that thrives on leasing these assets to wireless service providers. These providers, including major carriers, rely on SBA's infrastructure to deliver seamless service to their customers. By renting space on its towers and rooftops to multiple carriers, SBA maximizes the utilization of its assets, thereby ensuring a steady, recurring revenue stream.

This leasing model is highly profitable and capital efficient, hinging on long-term contracts that provide visibility and predictability in earnings. SBA's operations extend across the United States and into select international markets, offering the company geographical diversity and exposure to regions experiencing rapid technological adoption. Amidst the ever-growing demand for data, driven by developments in LTE, 5G, and beyond, the need for robust communication infrastructure continues to surge. SBA stands at the forefront, reinforcing its role as a crucial enabler of the digital age. While wireless providers are the public face of connectivity, it is companies like SBA Communications that ensure the invisible, yet indispensable, backbone of this modern utility.

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Earnings Calls

2024 Q3
Oct 28, 2024
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SBA Communications Reports Strong Growth and New Acquisitions
2024 Q3
Oct 28, 2024

SBA Communications delivered solid results in Q3, with domestic tower revenue growth of 5.3% and international growth of 3.1%. The company raised its 2024 guidance across metrics including adjusted EBITDA and AFFO, anticipating a $5 million increase in site development revenue. Notably, SBA announced the acquisition of over 7,000 sites in Central America from Millicom for $975 million, projecting $129 million in annual leasing revenue from these sites. With robust carrier activity and a strong cash flow outlook, the company's leverage remains low at 6.4x, bolstered by a new dividend of $0.98 per share, marking a 15% increase.

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Management

Mr. Brendan Thomas Cavanagh CPA
CEO, President & Director
No Bio Available
Mr. Steven E. Bernstein II
Founder & Independent Director
No Bio Available
Mr. Mark R. Ciarfella
Executive Vice President of Operations
No Bio Available
Mr. Richard M. Cane
Executive VP & President ? International
No Bio Available
Mr. Marc R. Montagner
Executive VP & CFO
No Bio Available
Mr. Brian D. Lazarus CPA
Senior VP & Chief Accounting Officer
No Bio Available
Mr. Elvis T. Clemetson
Senior VP & Chief Information Officer
No Bio Available
Ms. Michelle Eisner
Senior VP & Chief Human Resources Officer
No Bio Available
Mr. Neil H. Seidman
Senior Vice President of Mergers and Acquisitions
No Bio Available
Mr. Lawrence M. Harris
Senior Vice President of U.S. Business Development
No Bio Available

Contacts

Address
FLORIDA
Boca Raton
8051 Congress Ave
Contacts
+15612269345.0
ir.sbasite.com