SBA Communications Q4 revenue up 11.1%; AFFO per share +13.3%; dividend +22%

SBA COMMUNICATIONS CORP

2021-FY EPS reported $2.14 revenue$2,308,834,000

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.

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