earnings
confidence high
sentiment positive
materiality 0.75
SBA Communications reports Q3 revenue up 12.7% to $589.3M; AFFO per share up 13.9%; declares $0.58 dividend
SBA COMMUNICATIONS CORP
2021-Q3 EPS reported
$1.70
revenue$1,713,696,000
- 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.