SBA Communications Q4 net income $102.6M, AFFO per share up 11%, dividend raised 20%

SBA COMMUNICATIONS CORP

2022-FY EPS reported $4.22 revenue$2,633,454,000

Net income $102.6M ($0.94 diluted EPS); total revenue $686.1M, up 15.3% YoY.
AFFO per share $3.12, up 11.0% YoY; Tower cash flow $485.9M, up 11.9%.
Quarterly dividend increased 20% to $0.85/share; payable March 24, 2023 to holders of record March 10.
Portfolio grew 15% in 2022 with 2,792 sites added in Q4; refinanced 2018-1C Tower Securities, next maturity Oct 2024.

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