{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-046183","form_type":"8-K","ticker":"SBAC","cik":"0001034054","company_name":"SBA COMMUNICATIONS CORP","filed_at":"2024-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.167372+00:00","generated_at":"2026-06-05T14:22:09.284580+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"SBA Communications Q4 net income $109.5M, AFFO per share $3.37, dividend raised 15%","bullets":["Net income $109.5M ($1.01 diluted EPS); AFFO per share $3.37, up 8.0% YoY.","Site leasing revenue $636.1M (+4.3%); site development revenue $39.0M (-49.1%).","Quarterly dividend increased 15% to $0.98/share, payable March 28, 2024.","Net debt to Adjusted EBITDA leverage at 6.3x, lowest in decades.","Issued new Term Loan B and extended revolving credit facility post-quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-046183","json":"https://secwatch.observer/filing/0001193125-24-046183.json","markdown":"https://secwatch.observer/filing/0001193125-24-046183.md","text":"https://secwatch.observer/filing/0001193125-24-046183.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1034054/000119312524046183/0001193125-24-046183-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1034054/000119312524046183/d764571d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T14:22:09.284580+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"59fed234e47dd39f0b2765d1f6b64bd7540d1c9a","claim":"SBA COMMUNICATIONS CORP reported the quarter ended December 31, 2023 results: revenue $636.1, net income $109.5 million, EPS $1.01 per share. Guidance reaffirmed.","evidence_excerpt":"comparisons to the prior year period. % Change excluding Q4 2023 Q4 2022 $ Change % Change FX (1) Consolidated ($ in millions, except per share amounts) Site leasing revenue $ 636.1 $ 609.6 $ 26.5 4.3 % 3.7 % Site development revenue 39.0 76.5 (37.5 ) (49.1 %) (49.1 %) Tower cash flow (1) 512.2 485.9 26.3 5.4 % 4.7 % Net income 109.5 102.6 6.9 6.7 % (14.4 %)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1034054/000119312524046183/0001193125-24-046183-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Revenue","value":"$636.1"},{"label":"Net income","value":"$109.5 million"},{"label":"EPS","value":"$1.01 per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}