SBA Communications beats Q3 estimates; net income $99.8M, revenue $675.6M, AFFO up 15.1%

SBA COMMUNICATIONS CORP

2022-Q3 EPS reported $3.27 revenue$1,947,360,000

Net income of $99.8M ($0.91 diluted EPS); total revenue $675.6M (+14.6% YoY).
AFFO per share $3.10, up 15.1% YoY on a constant currency basis, beating consensus.
Closed acquisition of 2,632 sites in Brazil on Oct 11, expanding tower portfolio ~15%.
Declared quarterly cash dividend of $0.71/share, payable Dec 15, 2022 to holders of record Nov 17.
Raised full-year 2022 outlook across all key financial metrics; net debt/EBITDA below target range.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SBA COMMUNICATIONS CORP reported the quarter ended September 30, 2022 results: revenue $675.6 million, net income $99.8 million, EPS $0.91 per share. Guidance raised.

Period: the quarter ended September 30, 2022
Revenue: $675.6 million
Net income: $99.8 million
EPS: $0.91 per share
Guidance: raised
Result: reported results

Exact text from the filing

Highlights of the third quarter include: • Net income of $99.8 million or $0.91 per share • AFFO per share increased 15.1% over the prior year period on a constant currency basis • Total revenue of $675.6 million, representing a 14.6% growth over the prior year period

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Source: SEC EDGAR

accession 0001193125-22-273903

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