{"filings":[{"id":2024876,"accession_number":"0001193125-26-330639","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2026-08-03T20:23:13+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications Q2 net income $198.8M ($1.87 EPS); AFFO per share $3.05; declares $1.25 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Site leasing revenue $663.9M, up 5.1% YoY; site development revenue $51.4M, down 23.5% YoY.","Adjusted EBITDA $483.8M, up 1.8% YoY; AFFO $324.4M, down 5.2% YoY.","Issued inaugural $3.5B investment grade senior notes; new $2.5B unsecured revolver; S&P upgrade to BBB.","Quarterly dividend of $1.25 per share declared, payable Sept 17, 2026 to holders of record Aug 20.","Full-year 2026 guidance updated; net debt to Adjusted EBITDA at 6.4x, within target range of 6.0x-7.0x."],"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":0.75,"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":1838998,"accession_number":"0001193125-26-315142","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2026-07-24T11:31:52+00:00","items":["1.01","1.02","2.03","9.01"],"status":"ready","headline":"SBA Communications issues $3.5B in senior notes, enters new $2.5B unsecured revolver","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $1.35B of 4.875% Senior Notes due 2030, $1.35B of 5.150% Senior Notes due 2031, and $800M of 5.450% Senior Notes due 2033.","Net proceeds used to repay $2.3B secured term loan and $2.0B revolver under prior credit agreement.","Entered new $2.5B unsecured revolving credit facility maturing July 23, 2031, with margins from 0.75% to 1.375% over SOFR.","New credit facility requires Consolidated Total Net Leverage Ratio not to exceed 7.50x and Senior Secured Leverage Ratio not to exceed 3.50x.","Prior secured credit agreement terminated concurrently with closing of the offering and new facility."],"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":0.6,"calibrated_materiality_score":0.6,"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":1829884,"accession_number":"0001193125-26-314131","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2026-07-23T20:15:30+00:00","items":["8.01","9.01"],"status":"ready","headline":"SBA Communications issues $3.5B in senior notes across three tranches","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $1.35B of 4.875% Senior Notes due 2030, $1.35B of 5.150% Senior Notes due 2031, and $800M of 5.450% Senior Notes due 2033.","Offering closed on July 23, 2026; proceeds not specified in filing.","Legal opinion from Greenberg Traurig filed as Exhibit 5.1."],"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":0.7,"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},{"id":1667076,"accession_number":"0001193125-26-304972","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2026-07-15T21:29:52+00:00","items":["1.01","9.01"],"status":"ready","headline":"SBA Communications issues $3.5B in senior notes to repay term loan and revolver","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $1.35B of 4.875% notes due 2030, $1.35B of 5.150% notes due 2031, and $800M of 5.450% notes due 2033.","Net proceeds to repay in full the senior secured term loan maturing Jan 2031 and revolver maturing Jan 2029.","Underwriting agreement with Morgan Stanley, Barclays, Wells Fargo, and Goldman Sachs as representatives.","Offering registered under shelf registration statement on Form S-3 (File No. 333-277527)."],"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":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},{"id":238642,"accession_number":"0001193125-24-046183","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2024-02-26T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications Q4 net income $109.5M, AFFO per share $3.37, dividend raised 15%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $109.5M ($1.01 diluted EPS); AFFO per share $3.37, up 8.0% YoY.","Site leasing revenue $636.1M (+4.3%); site development revenue $39.0M (-49.1%).","Quarterly dividend increased 15% to $0.98/share, payable March 28, 2024.","Net debt to Adjusted EBITDA leverage at 6.3x, lowest in decades.","Issued new Term Loan B and extended revolving credit facility post-quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":4.61,"consensus_revenue_estimate":null,"consensus_revenue_actual":2711584000.0,"consensus_period":"2023-FY","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":238641,"accession_number":"0001193125-24-022886","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2024-02-02T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"SBA EVP Site Leasing Jason Silberstein to retire Aug 1; Donald Day named successor","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jason Silberstein, EVP Site Leasing, retires effective Aug 1, 2024; remains non-executive through Sep 30.","Donald Day, currently SVP Services, promoted to EVP Site Leasing effective Aug 1, 2024.","Nichole Thomas promoted to SVP Services effective Aug 1, 2024; she joined SBA in June 2023.","Day has 13 years at SBA; previously VP at General Dynamics. Thomas led Dish Wireless 5G deployment."],"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":238640,"accession_number":"0001193125-24-015495","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2024-01-25T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"SBA Communications enters into $2.3B Term Loan and increases Revolver to $1.75B","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Revolving credit facility increased from $1.5B to $1.75B; maturity extended to Jan 25, 2029.","New $2.3B seven-year term loan issued at 99.75% of par, matures Jan 25, 2031.","Term loan bears interest at Base Rate+1.0% or Term SOFR+2.0%; quarterly principal payments at 0.25%.","Proceeds used to refinance existing 2018 term loan and pay related fees and expenses.","Sustainability-linked pricing adjustments of up to 0.05% based on tower lighting and renewable energy credits."],"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":0.75,"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":256141,"accession_number":"0001193125-23-302224","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2023-12-22T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Brendan Cavanagh appointed to SBA board, to become CEO on Jan 1, 2024; Stoops becomes non-executive Chairman","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Cavanagh appointed to Board of Directors as Class I director, effective Jan 1, 2024, term expiring at 2024 Annual Meeting.","Board expands to ten members concurrent with Cavanagh's appointment.","Cavanagh will succeed Jeffrey Stoops as President and CEO on Jan 1, 2024, per previously announced CEO succession plan.","Stoops appointed non-executive Chairman of the Board, effective Jan 1, 2024.","No arrangements, family relationships, or related-party transactions with Cavanagh."],"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":0.7,"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},{"id":256140,"accession_number":"0001193125-23-269367","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2023-11-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications Q3 net income $85.4M; raises full-year guidance; declares $0.85 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 net income $85.4M ($0.80 diluted EPS); AFFO per share $3.34, up 7.7% YoY.","Site leasing revenue $637.5M (+8.5% YoY); site development revenue $45.1M (-48.9% YoY).","Raised full-year 2023 guidance for site leasing revenue, Tower Cash Flow, Adjusted EBITDA, AFFO and AFFO per share.","Declared $0.85/share quarterly dividend, payable Dec 14; record Nov 16.","Repurchased $100M of common stock (0.5M shares) cumulative in Q3 and post-quarter; net debt/EBITDA 6.4x, lowest in decades."],"consensus_eps_estimate":null,"consensus_eps_actual":3.6,"consensus_revenue_estimate":null,"consensus_revenue_actual":2036560000.0,"consensus_period":"2023-Q3","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":273537,"accession_number":"0001193125-23-234228","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2023-09-13T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"SBA Communications appoints Marc Montagner as CFO effective Jan 1, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Marc Montagner, 62, joins Oct 17 as EVP-Finance, becomes CFO Jan 1, 2024, succeeding Brendan Cavanagh.","Montagner brings 30 years experience; previously CFO of Endurance International and LightSquared.","Compensation: $640k base salary, 100% bonus target, $2.8M LTIP award, $1M RSU, $250k signing/clawback.","Appointment follows planned CEO succession: Cavanagh becomes President & CEO on Jan 1, 2024.","Montagner serves on boards of Cogent Communications and Intelsat."],"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":0.6,"calibrated_materiality_score":0.6,"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":273536,"accession_number":"0001193125-23-199109","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2023-07-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications Q2 net income $202M; AFFO $3.24; raises FY outlook, new AT&T MLA","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $202.0M ($1.87 diluted EPS); AFFO per share $3.24; site leasing revenue $626.1M (+7.9% YoY).","Full year 2023 outlook increased for Site Leasing Revenue, Tower Cash Flow, Adjusted EBITDA, and AFFO.","Declares quarterly cash dividend of $0.85/share, payable Sep 20, 2023 to record Aug 24, 2023.","Enters new long-term master lease agreement with AT&T to streamline 5G deployment across SBA's US tower portfolio.","Net debt to Adjusted EBITDA 6.6x (lowest in decades); used discretionary spending to retire floating-rate debt."],"consensus_eps_estimate":null,"consensus_eps_actual":2.79,"consensus_revenue_estimate":null,"consensus_revenue_actual":1354016000.0,"consensus_period":"2023-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":290519,"accession_number":"0001193125-23-154342","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2023-05-25T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"SBA Communications shareholders elect directors, ratify auditor, approve executive compensation","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Elected three Class III directors (Bernstein, Bowen, Wilson) each with over 80M votes for; broker non-votes 3.3M.","Ratified Ernst & Young as auditor for FY 2023 with 92.7M for vs 4.4M against.","Advisory vote on named executive officer compensation approved (89.3M for, 4.5M against).","Advisory frequency set to every 1 year (91.3M for 1 year); board adopts annual vote policy."],"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":290518,"accession_number":"0001193125-23-130434","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2023-05-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications Q1 Net Income $100.6M; EPS $0.92; AFFO per share $3.13; raises FY2023 outlook","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Site leasing revenue of $617.3M, up 10.3% YoY; site development revenue $58.2M.","Adjusted EBITDA $459.3M, up 8.4%; AFFO $341.7M, up 5.4%.","Full year 2023 site leasing revenue, adjusted EBITDA, and AFFO guidance increased.","Quarterly cash dividend of $0.85 per share declared, payable June 21, 2023 to holders of record May 26, 2023.","Net debt/Adjusted EBITDA leverage ratio near multi-year lows; no refinancing until Oct 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":0.93,"consensus_revenue_estimate":null,"consensus_revenue_actual":675516000.0,"consensus_period":"2023-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":311418,"accession_number":"0001193125-23-088299","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2023-03-31T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Two long-serving SBA Communications board members to retire; replacements to be nominated","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Director Duncan H. Cocroft (since 2004) will not stand for re-election at 2023 annual meeting; cites no disagreement.","Director Fidelma Russo (since 2020) also not standing for re-election to focus on other commitments; no disagreement.","Company expects to nominate two independent director candidates at 2023 annual meeting as part of board succession planning."],"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":311417,"accession_number":"0001193125-23-043490","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2023-02-21T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"SBA Communications CEO Jeff Stoops to retire Dec 31, 2023; CFO Brendan Cavanagh to succeed as President and CEO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jeff Stoops to retire as President and CEO effective Dec 31, 2023; will become non-executive Chairman.","Brendan Cavanagh, current EVP and CFO, appointed as President and CEO effective Jan 1, 2024; also to join Board.","Cavanagh has been with SBA for 25 years; as CFO, revenues grew 555% and enterprise value from $6B to $43B.","Company intends to appoint a new CFO later in 2023.","Stoops' tenure as CEO (since 2002) delivered 16% annualized TSR and 17% enterprise value growth."],"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":311416,"accession_number":"0001193125-23-043475","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2023-02-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications Q4 net income $102.6M, AFFO per share up 11%, dividend raised 20%","summary_kind":"llm","event_type":"earnings","confidence":"medium","bullets":["Net income $102.6M ($0.94 diluted EPS); total revenue $686.1M, up 15.3% YoY.","AFFO per share $3.12, up 11.0% YoY; Tower cash flow $485.9M, up 11.9%.","Quarterly dividend increased 20% to $0.85/share; payable March 24, 2023 to holders of record March 10.","Portfolio grew 15% in 2022 with 2,792 sites added in Q4; refinanced 2018-1C Tower Securities, next maturity Oct 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":4.22,"consensus_revenue_estimate":null,"consensus_revenue_actual":2633454000.0,"consensus_period":"2022-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":329999,"accession_number":"0001193125-22-294379","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2022-11-29T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"SBA issues $850M 2022-1C Tower Securities at 6.599% and $44.8M 2022-1R at 7.870% to refinance existing debt","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $850M 2022-1C Tower Securities at 6.599%, anticipated repayment Jan 2028, final Nov 2052.","Issued $44.8M 2022-1R Tower Securities at 7.870% for risk retention; eliminated in consolidation.","Net proceeds ~$843.2M used to repay $640M 2018-1C and $33.7M 2018-1R plus interest and for general corporate purposes.","Tenth Loan Supplement increased mortgage loan by net $221.1M to total $7.3B across multiple series of tower securities.","Borrowers jointly liable for $7.3B mortgage loan secured by ~10,000 tower sites; management fee of 4.5% of operating revenues."],"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":329998,"accession_number":"0001193125-22-286848","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2022-11-16T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"SBA Communications issues $850M 6.599% tower notes; refinances $640M existing series","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $850M Secured Tower Revenue Securities (2022-1C) at 6.599%, due Nov 2052, anticipated repayment Jan 2028.","Affiliate purchased $44.8M of 7.870% Subclass 2022-1R notes to meet 5% risk retention requirement.","Proceeds used to prepay $640M of 2018-1C and $33.7M of 2018-1R tower securities plus accrued interest.","Remaining net proceeds used for general corporate purposes, including repayment of outstanding corporate debt.","Closing expected on or about November 23, 2022."],"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":329997,"accession_number":"0001193125-22-273903","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2022-10-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications beats Q3 estimates; net income $99.8M, revenue $675.6M, AFFO up 15.1%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income of $99.8M ($0.91 diluted EPS); total revenue $675.6M (+14.6% YoY).","AFFO per share $3.10, up 15.1% YoY on a constant currency basis, beating consensus.","Closed acquisition of 2,632 sites in Brazil on Oct 11, expanding tower portfolio ~15%.","Declared quarterly cash dividend of $0.71/share, payable Dec 15, 2022 to holders of record Nov 17.","Raised full-year 2022 outlook across all key financial metrics; net debt/EBITDA below target range."],"consensus_eps_estimate":null,"consensus_eps_actual":3.27,"consensus_revenue_estimate":null,"consensus_revenue_actual":1947360000.0,"consensus_period":"2022-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":347565,"accession_number":"0001193125-22-208666","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2022-08-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Q2 AFFO per share +16.3% to $3.07; revenue $652M; raises FY22 outlook; acquires 2,600 Brazil towers","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $69.2M ($0.64 diluted EPS); AFFO per share $3.07, up 16.3% YoY.","Total revenue $652.0M (+13.3% YoY); site leasing $580.2M (+10.7%), site development $71.8M (+39.5%).","Entered agreement to acquire ~2,600 towers in Brazil; immediately accretive to AFFO per share.","Board declared $0.71/share quarterly dividend, payable Sept 20 to holders of record Aug 25.","Full-year 2022 outlook increased across all key financial metrics."],"consensus_eps_estimate":null,"consensus_eps_actual":2.36,"consensus_revenue_estimate":null,"consensus_revenue_actual":1271776000.0,"consensus_period":"2022-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":364047,"accession_number":"0001193125-22-176621","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2022-06-17T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"SBA Communications announces retirements of two senior executives, names successors effective Jan 1, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kurt L. Bagwell, EVP & President-International, and Thomas P. Hunt, EVP, Chief Admin Officer & GC, to retire Jan 1, 2023.","Richard Cane (SVP International Ops) succeeds Bagwell; Joshua Koenig (SVP Legal-International) succeeds Hunt, effective Jan 1, 2023.","Bagwell and Hunt will remain non-executive employees through March 2023 to support transition.","Both successors are long-time SBA officers: Cane joined 2019, Koenig joined 2010."],"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":364046,"accession_number":"0001193125-22-150190","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2022-05-13T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Shareholders elect four directors, ratify auditor, approve say-on-pay at 2022 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All four director nominees elected with majority support: Beebe 89.5M, Johnson 95.3M, Langer 78.6M, Stoops 93.5M for.","Ratification of Ernst & Young as independent auditor passed: 96.4M for, 2.6M against.","Advisory vote on executive compensation approved: 91.6M for, 4.5M against, with 2.9M broker non-votes."],"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":0.25,"calibrated_materiality_score":0.15,"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":364045,"accession_number":"0001193125-22-117571","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2022-04-25T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Q1 beats with $1.72 EPS, revenue up 12.9%; raises 2022 guidance; declares $0.71 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $188.3M ($1.72 diluted EPS) vs loss of $11.7M in Q1 2021; AFFO per share $2.96, up 14.7%.","Total revenue $619.7M (+12.9%); site leasing rev $559.4M (+10.8%), site development rev $60.3M (+38.3%).","Adjusted EBITDA $423.8M (+8.6%); repurchased 1.3M shares at avg $332/shr.","Board declared $0.71/sh quarterly dividend, payable June 14 to holders of record May 19.","Raised full-year 2022 outlook on all key metrics; CEO cites strong demand and 5G buildouts across markets."],"consensus_eps_estimate":null,"consensus_eps_actual":1.72,"consensus_revenue_estimate":null,"consensus_revenue_actual":619770000.0,"consensus_period":"2022-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":383782,"accession_number":"0001193125-22-088245","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2022-03-29T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"SBA Communications appoints Jay L. Johnson to Board as independent director","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jay L. Johnson appointed as Class I independent director effective March 28, 2022; Board expands to nine members.","Johnson is EVP and CFO of Lamar Advertising (NASDAQ: LAMR), bringing REIT and capital markets expertise.","Will serve on Audit Committee; board determined independence under Nasdaq standards.","Standard non-employee director compensation; indemnification agreement to be entered.","No reportable transactions or arrangements between Johnson and the company under Item 404(a)."],"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":383781,"accession_number":"0001193125-22-057959","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2022-02-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications Q4 revenue up 11.1%; AFFO per share +13.3%; dividend +22%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenue $595.3M, up 11.1% YoY; site leasing revenue $539.4M (+9.4%).","AFFO per share $2.81, up 12.9% reported (13.3% constant currency).","Net income $48.9M ($0.44 diluted EPS) vs $105.8M in prior year.","Quarterly dividend raised 22% to $0.71/share, payable March 25, 2022 to holders of record March 10.","Repurchased 1.8M shares cumulatively in Q4 and after quarter end; FY 2022 guidance provided."],"consensus_eps_estimate":null,"consensus_eps_actual":2.14,"consensus_revenue_estimate":null,"consensus_revenue_actual":2308834000.0,"consensus_period":"2021-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":401611,"accession_number":"0001193125-21-315417","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2021-11-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications reports Q3 revenue up 12.7% to $589.3M; AFFO per share up 13.9%; declares $0.58 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $47.8M ($0.43 diluted EPS); revenue $589.3M (+12.7% YoY); AFFO per share $2.71 (+13.9% YoY).","Issued $1.79B of Tower Securities at 2.217% blended rate after Q3; repurchased 1.0M shares cumulatively.","Declared quarterly dividend of $0.58/share, payable Dec 16 to holders of record Nov 18.","US carrier activity at multi-year highs; record services revenue; leasing backlogs at multi-year highs."],"consensus_eps_estimate":null,"consensus_eps_actual":1.7,"consensus_revenue_estimate":null,"consensus_revenue_actual":1713696000.0,"consensus_period":"2021-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":401610,"accession_number":"0001193125-21-313427","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2021-10-29T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"SBA issues $1.79B tower securities at 1.84%-4.09%; repays revolver, redeems $1.1B of 4.875% notes due 2024","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$895M 2021-2C at 1.840% due 2051 (anticipated repayment Apr 2027) and $895M 2021-3C at 2.593% due 2056 (anticipated repayment Oct 2031) issued.","Affiliate retains $94.3M 2021-3R at 4.09% to satisfy risk retention requirements.","Net proceeds ~$1.776B used to repay amounts outstanding under revolving credit facility and redeem $1.1B of 4.875% Senior Notes due 2024 on Nov 8, 2021.","Mortgage loan increased by $1.79B to total $7.05B; $575M of 2013-2C tower securities prepaid.","Ninth Loan Supplement executed; underlying collateral comprises ~9,900 tower sites with a 4.5% management fee to SBA Network Management."],"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":401609,"accession_number":"0001193125-21-297813","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2021-10-13T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"SBA issues $1.79B tower securities at 1.84%/2.593%; redeems $1.1B notes due 2024","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Issued $895M Series 2021-2C (1.840%, due 2051) and $895M Series 2021-3C (2.593%, due 2056) tower securities.","SBA Guarantor purchased $94.3M Class 2021-3R securities (4.090%) to satisfy risk-retention requirement.","Proceeds to repay $575M of 2013-2C tower securities and for general corporate purposes, including debt repayment.","Called all $1.1B of 4.875% Senior Notes due 2024; redemption effective November 8, 2021.","Offering expected to close on or about October 27, 2021."],"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":0.7,"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},{"id":420555,"accession_number":"0001193125-21-233229","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2021-08-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"SBA Communications beats Q2 estimates, raises AFFO guidance; declares $0.58 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $152.7M ($1.37 EPS) vs $23.1M ($0.20) YoY; total revenue $575.5M.","AFFO per share $2.64, up 15.3% YoY; full-year AFFO per share guidance raised to $10.23-$10.43.","Site leasing revenue $524.1M (+8.6%); site development revenue $51.4M (+107.2%).","Issued $1.165B Tower Securities at 1.631%; extended $1.5B credit facility post-quarter.","Dividend $0.58/share payable Sept 23, 2021 to holders of record Aug 26, 2021."],"consensus_eps_estimate":null,"consensus_eps_actual":1.27,"consensus_revenue_estimate":null,"consensus_revenue_actual":1124266000.0,"consensus_period":"2021-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":420554,"accession_number":"0001193125-21-211816","cik":1034054,"company_name":"SBA COMMUNICATIONS CORP","ticker":"SBAC","form_type":"8-K","filed_at":"2021-07-09T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"SBA ups revolver to $1.5B, extends maturity to 2026, cuts margin by 0.25%","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Revolving credit commitments increased from $1.25B to $1.5B; 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