{"filings":[{"id":609805,"accession_number":"0001193125-26-236935","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2026-05-22T20:15:46+00:00","items":["5.07"],"status":"ready","headline":"SBA Communications shareholders re-elect all three Class III directors and approve say-on-pay and auditor ratification","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Elected directors: Steven E. Bernstein (90M for), Laurie Bowen (83.4M for), Amy E. Wilson (88.3M for).","Advisory vote on executive compensation approved: 88.4M for, 5.6M against.","Ratified Ernst & Young as independent auditor for 2026: 91.4M for, 6.6M against.","No other matters were voted on; all proposals passed with majority support."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":90724,"accession_number":"0001193125-26-191545","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2026-04-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Q1 AFFO $3.03/share; raises full-year outlook; declares $1.25 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $184.8M ($1.74 diluted EPS); AFFO per share $3.03, down 4.7% YoY.","Site leasing revenue $656.1M (+6.5% YoY); Tower Cash Flow margin ~80%.","Full year 2026 outlook increased across all key metrics; net debt/EBITDA 6.6x.","Declared quarterly cash dividend $1.25/share, payable June 17, 2026 to holders of record May 22.","CEO cites steady carrier activity, increasing domestic backlogs, build-to-suit with Millicom."],"consensus_eps_estimate":null,"consensus_eps_actual":1.74,"consensus_revenue_estimate":null,"consensus_revenue_actual":703438000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":100487,"accession_number":"0001193125-26-129070","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2026-03-27T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"SBA EVP U.S. Operations Mark Ciarfella retires Dec 31, 2026; stays until Mar 7, 2027","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Mark Ciarfella, EVP U.S. Operations, gave notice of retirement effective Dec 31, 2026.","He will remain as a non-executive employee through March 7, 2027 to support transition.","No successor named; search process not disclosed in filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":100486,"accession_number":"0001193125-26-076767","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2026-02-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications Q4 net income $370M, EPS $3.47; dividend raised 13% to $1.25","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income $370.4M ($3.47 diluted EPS); AFFO per share $3.19, down 8% YoY.","Site leasing revenue $666.2M (+3.1% YoY); site development revenue $53.4M (+12.7%).","Dividend increased 13% to $1.25/share quarterly; payable March 27 to holders of record March 13.","Repurchased 916k shares at avg $191.00 ($175M); closed majority of Millicom sites in Central America.","FY2026 guidance excludes all contracted EchoStar revenue due to dispute; expects steady contributions."],"consensus_eps_estimate":null,"consensus_eps_actual":9.8,"consensus_revenue_estimate":null,"consensus_revenue_actual":2815139000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":116806,"accession_number":"0001193125-25-262644","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2025-11-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications Q3 EPS $2.20, AFFO $3.30; dividend $1.11; Verizon lease signed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 net income $240.4M ($2.20 diluted EPS); AFFO per share $3.30.","Site leasing revenue $656.4M (+4.9% YoY); site development $75.9M (+81.2%).","Adjusted EBITDA $493.3M, AFFO $354.9M; repurchased 958k shares for $194M.","New long-term master-lease agreement with Verizon signed; sold Canadian towers post-quarter.","Quarterly dividend $1.11/share payable Dec 11, record Nov 13; leverage target revised to 6.0-7.0x."],"consensus_eps_estimate":null,"consensus_eps_actual":6.34,"consensus_revenue_estimate":null,"consensus_revenue_actual":2095556000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":133256,"accession_number":"0001193125-25-172604","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2025-08-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA reports Q2 net income $225.7M, AFFO $3.17; raises full-year guidance; Millicom sites closed; to sell Canadian assets","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $225.7M ($2.09 diluted EPS); AFFO per share $3.17.","Closed 4,323 sites from Millicom acquisition; integration several months ahead of schedule.","Repurchased 799k shares during Q2 and subsequent to quarter end.","Declared quarterly dividend $1.11/share, payable Sept 18, record Aug 21.","Agreement to sell all Canadian tower assets; divestiture immediately accretive to AFFO."],"consensus_eps_estimate":null,"consensus_eps_actual":4.14,"consensus_revenue_estimate":null,"consensus_revenue_actual":1363229000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":149892,"accession_number":"0001193125-25-125883","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2025-05-23T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"SBA Communications shareholders elect directors, ratify auditor, approve say-on-pay at 2025 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Directors Kevin L. Beebe, Jack Langer, and Jeffrey A. Stoops re-elected with 90.8M, 87.8M, and 88.3M For votes respectively.","Ratification of Ernst & Young as fiscal 2025 auditor passed with 95.3M For vs 5.4M Against.","Advisory vote on executive compensation approved with 92.9M For, 4.7M Against, 188k Abstain.","Broker non-votes of 2.94M shares were present on all three proposals except auditor ratification."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":149891,"accession_number":"0001193125-25-100556","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2025-04-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications Q1 AFFO $3.18/sh, net income $189M; raises FY2025 outlook, declares $1.11 dividend, $1.5B buyback","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $189M ($1.77 diluted EPS); AFFO $343.9M ($3.18 per share).","Site leasing revenue $616.2M (-1.9% YoY); site development revenue $48.0M (+62.4%).","Adjusted EBITDA $457.3M; net debt/EBITDA leverage 6.4x; cash balance >$600M.","Quarterly dividend of $1.11/share declared; payable June 17, 2025 to holders of record May 22.","Repurchased 583k shares for $122.9M post-quarter; Board approved new $1.5B buyback authorization."],"consensus_eps_estimate":null,"consensus_eps_actual":2.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":664248000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":168908,"accession_number":"0001193125-25-033399","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2025-02-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications Q4 net income $178.8M, EPS $1.61; dividend up 13% to $1.11/quarter","summary_kind":"llm","event_type":"earnings","confidence":"medium","bullets":["Net income $178.8M ($1.61 diluted EPS) vs $109.5M ($1.01) in Q4 2023; AFFO per share $3.47.","Site leasing revenue $646.3M (+1.6% reported, +4.6% ex-FX); site development revenue $47.4M (+21.5%).","Quarterly dividend increased ~13% to $1.11/share, payable March 27, 2025; annual dividend ~35% of AFFO guidance.","Net Debt to Annualized Adjusted EBITDA leverage at 6.1x, lowest in company history; no 2025 debt maturities.","Exited Philippines post-year-end; entered agreement to exit Colombia to focus on key markets."],"consensus_eps_estimate":null,"consensus_eps_actual":6.94,"consensus_revenue_estimate":null,"consensus_revenue_actual":2679634000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186013,"accession_number":"0001193125-24-245518","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2024-10-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Q3 net income $255.9M, AFFO $3.32; acquires 7,000+ Millicom sites for ~$975M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 net income $255.9M, diluted EPS $2.40; AFFO per share $3.32.","Agreed to purchase over 7,000 communication sites in Central America from Millicom for ~$975M cash; expected close in 2025.","Acquired sites expected to generate ~$129M revenue and $89M tower cash flow in first full year.","Full year 2024 outlook increased across all key metrics; quarterly dividend $0.98/share declared.","Issued $2.07B Tower Securities at blended 4.778%, repriced $2.3B Term Loan B 25bps lower."],"consensus_eps_estimate":null,"consensus_eps_actual":5.33,"consensus_revenue_estimate":null,"consensus_revenue_actual":1985934000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186012,"accession_number":"0001193125-24-236794","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2024-10-11T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"SBA Communications issues $2.18B in tower securities to refinance existing debt","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $1.45B Series 2024-1C (4.831%) and $620M Series 2024-2C (5.115%) tower securities, plus $108.7M Class R (6.252%) for risk retention.","Net proceeds ~$2.057B used to repay $620M 2014-2C and fund repayment of $1.165B 2019-1C and $61.4M 2019-1R in Jan 2025.","Mortgage loan increased by $2.18B gross ($332.3M net) to $8.8B total, secured by ~9,523 tower sites.","Effective rate on 2024-2C lowered to 4.654% via Treasury Rate Lock entered Sep 10, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":186011,"accession_number":"0001193125-24-231344","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2024-10-03T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"SBA Communications reduces interest margin on $2.29B term loan via First Amendment","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Term loan interest reduced to Base Rate +0.75% or Term SOFR +1.75% per annum (from prior margin).","Aggregate principal of Initial Term Loans after amendment is $2,288,500,000.","All non-consenting lenders were replaced; no consenting lenders required payment of principal.","Prepayment penalty of 1.0% applies if term loans are repaid from certain repricing transactions within 6 months.","All other material terms of the Senior Credit Agreement remain unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":202589,"accession_number":"0001193125-24-216968","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2024-09-11T23:59:59+00:00","items":["1.01","2.03"],"status":"ready","headline":"SBA Communications issues $2.17B in tower securities to refinance existing debt","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $1.45B of 2024-1C Tower Securities at 4.831% due Oct 2054 (anticipated repayment Oct 2029).","Issued $620M of 2024-2C Tower Securities at 4.654% due Oct 2054 (anticipated repayment Oct 2027).","Affiliate SBA Guarantor retains $108.7M of 2024-1R Tower Securities at 6.252% for risk retention.","Net proceeds to repay $1.846B of existing tower securities (2014-2C, 2019-1C, 2019-1R) plus accrued interest.","Expected closing on or about October 11, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":202588,"accession_number":"0001193125-24-187567","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2024-07-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications Reports Q2 2024 Net Income of $159.5M, AFFO per Share $3.29, Declares $0.98 Dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $159.5 million or $1.51 per diluted share for Q2 2024","AFFO per share of $3.29, up 1.5% from Q2 2023","Quarter-ending Net Debt to Annualized Adjusted EBITDA leverage ratio of 6.4x","Board declared quarterly cash dividend of $0.98 per share, payable September 18, 2024","CEO Brendan Cavanagh cited solid US leasing activity and increased international leasing"],"consensus_eps_estimate":null,"consensus_eps_actual":2.93,"consensus_revenue_estimate":null,"consensus_revenue_actual":1318339000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":202587,"accession_number":"0001034054-24-000007","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2024-07-10T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"SBA Communications CAO Brian Lazarus to retire Dec 31; Saul Kredi named successor effective Jan 1, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Brian D. Lazarus, SVP and CAO, to retire effective Dec 31, 2024 after 18 years with SBA.","Saul Kredi, 55, appointed VP and CAO effective Jan 1, 2025.","Kredi joined SBA in 2014 as Corporate Controller; promoted to VP Corporate Controller Feb 2024.","Prior roles include 14 years in accounting leadership and 7 years at Deloitte; no transactions or family ties to disclose."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":218738,"accession_number":"0001193125-24-147065","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2024-05-24T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"SBA Communications shareholders elect all four directors, ratify EY, approve say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Brendan Cavanagh re-elected with 90.5M for (1.3M against); Mary Chan 82.4M for (9.4M against).","Jay Johnson re-elected with 86.0M for (5.8M against); George Krouse 80.3M for (11.4M against).","Ratification of Ernst & Young as auditor for FY2024 passed with 91.0M for, 5.4M against.","Advisory vote on named executive officer compensation approved with 88.2M for, 3.6M against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":218737,"accession_number":"0001193125-24-122368","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2024-04-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Q1 net income $154.5M; AFFO per share $3.29, up 5.1%; dividend raised 15%","summary_kind":"llm","event_type":"earnings","confidence":"medium","bullets":["Net income $154.5M ($1.42 diluted EPS); AFFO per share $3.29, up 5.1% YoY.","Site leasing revenue $628.3M (+1.8%); site development revenue $29.6M (-49.2% YoY).","Quarterly dividend raised to $0.98/share (15% higher), payable June 19, record May 23.","Repurchased ~935k shares for ~$200M in Q1 and subsequent period.","Full-year 2024 guidance updated; CEO notes steady carrier investment despite high rates."],"consensus_eps_estimate":null,"consensus_eps_actual":1.42,"consensus_revenue_estimate":null,"consensus_revenue_actual":657862000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":21233815913.675705,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}