secwatch.observer — SEC 8-K summary
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Issuer:     SBA COMMUNICATIONS CORP (SBAC)
CIK:        0001034054
Form:       8-K
Filed at:   2022-04-25T23:59:59+00:00
Accession:  0001193125-22-117571
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1034054/000119312522117571/0001193125-22-117571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1034054/000119312522117571/d397141d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-117571

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer