earnings
confidence high
sentiment positive
materiality 0.80
SBA Q2 AFFO per share +16.3% to $3.07; revenue $652M; raises FY22 outlook; acquires 2,600 Brazil towers
SBA COMMUNICATIONS CORP
2022-Q2 EPS reported
$2.36
revenue$1,271,776,000
- Net income $69.2M ($0.64 diluted EPS); AFFO per share $3.07, up 16.3% YoY.
- Total revenue $652.0M (+13.3% YoY); site leasing $580.2M (+10.7%), site development $71.8M (+39.5%).
- Entered agreement to acquire ~2,600 towers in Brazil; immediately accretive to AFFO per share.
- Board declared $0.71/share quarterly dividend, payable Sept 20 to holders of record Aug 25.
- Full-year 2022 outlook increased across all key financial metrics.