---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-269367"
form_type: "8-K"
ticker: "SBAC"
cik: "0001034054"
company_name: "SBA COMMUNICATIONS CORP"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:10:35.691593+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SBA Communications Q3 net income $85.4M; raises full-year guidance; declares $0.85 dividend

## Summary
- Q3 net income $85.4M ($0.80 diluted EPS); AFFO per share $3.34, up 7.7% YoY.
- Site leasing revenue $637.5M (+8.5% YoY); site development revenue $45.1M (-48.9% YoY).
- Raised full-year 2023 guidance for site leasing revenue, Tower Cash Flow, Adjusted EBITDA, AFFO and AFFO per share.
- Declared $0.85/share quarterly dividend, payable Dec 14; record Nov 16.
- Repurchased $100M of common stock (0.5M shares) cumulative in Q3 and post-quarter; net debt/EBITDA 6.4x, lowest in decades.

## SEC filing metadata
- accession: 0001193125-23-269367
- form_type: 8-K
- ticker: SBAC
- cik: 0001034054
- company_name: SBA COMMUNICATIONS CORP
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1034054/000119312523269367/0001193125-23-269367-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1034054/000119312523269367/d450780d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-269367
- JSON: https://secwatch.observer/filing/0001193125-23-269367.json
- Plain text: https://secwatch.observer/filing/0001193125-23-269367.txt

## Key facts
- Earnings Releases
  SBA COMMUNICATIONS CORP reported the quarter ended September 30, 2023 results: revenue $637.5 million, net income $85.4 million, EPS $0.80 per share. Guidance raised.
  - Period: the quarter ended September 30, 2023
  - Revenue: $637.5 million
  - Net income: $85.4 million
  - EPS: $0.80 per share
  - Guidance: raised
  - Result: reported results
  source text: SBA Communications Corporation (Nasdaq: SBAC) (“SBA” or the “Company”) today reported results for the quarter ended September 30, 2023. Highlights of the third quarter include: • Net income of $85.4 million or $0.80 per share • AFFO per share of $3.34 • Site leasing revenue of $637.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1034054/000119312523269367/0001193125-23-269367-index.htm

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