SBA Communications beats Q2 estimates, raises AFFO guidance; declares $0.58 dividend

SBA COMMUNICATIONS CORP

2021-Q2 EPS reported $1.27 revenue$1,124,266,000

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.

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