---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-117571"
form_type: "8-K"
ticker: "SBAC"
cik: "0001034054"
company_name: "SBA COMMUNICATIONS CORP"
filed_at: "2022-04-25T23:59:59+00:00"
generated_at: "2026-06-26T04:55:36.788998+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SBA Q1 beats with $1.72 EPS, revenue up 12.9%; raises 2022 guidance; declares $0.71 dividend

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-117571
- form_type: 8-K
- ticker: SBAC
- cik: 0001034054
- company_name: SBA COMMUNICATIONS CORP
- filed_at: 2022-04-25T23:59:59+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/1034054/000119312522117571/0001193125-22-117571-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1034054/000119312522117571/d397141d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-117571
- JSON: https://secwatch.observer/filing/0001193125-22-117571.json
- Plain text: https://secwatch.observer/filing/0001193125-22-117571.txt

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