---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-315417"
form_type: "8-K"
ticker: "SBAC"
cik: "0001034054"
company_name: "SBA COMMUNICATIONS CORP"
filed_at: "2021-11-01T23:59:59+00:00"
generated_at: "2026-06-28T15:34:40.542811+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SBA Communications reports Q3 revenue up 12.7% to $589.3M; AFFO per share up 13.9%; declares $0.58 dividend

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-21-315417
- form_type: 8-K
- ticker: SBAC
- cik: 0001034054
- company_name: SBA COMMUNICATIONS CORP
- filed_at: 2021-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1034054/000119312521315417/0001193125-21-315417-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1034054/000119312521315417/d251799d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-315417
- JSON: https://secwatch.observer/filing/0001193125-21-315417.json
- Plain text: https://secwatch.observer/filing/0001193125-21-315417.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.