---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-043475"
form_type: "8-K"
ticker: "SBAC"
cik: "0001034054"
company_name: "SBA COMMUNICATIONS CORP"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T06:17:34.253994+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-043475
- form_type: 8-K
- ticker: SBAC
- cik: 0001034054
- company_name: SBA COMMUNICATIONS CORP
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1034054/000119312523043475/0001193125-23-043475-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1034054/000119312523043475/d459663d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-043475
- JSON: https://secwatch.observer/filing/0001193125-23-043475.json
- Plain text: https://secwatch.observer/filing/0001193125-23-043475.txt

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