{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-122368","form_type":"8-K","ticker":"SBAC","cik":"0001034054","company_name":"SBA COMMUNICATIONS CORP","filed_at":"2024-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.952205+00:00","generated_at":"2026-06-03T05:20:50.535431+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"medium","headline":"SBA Q1 net income $154.5M; AFFO per share $3.29, up 5.1%; dividend raised 15%","bullets":["Net income $154.5M ($1.42 diluted EPS); AFFO per share $3.29, up 5.1% YoY.","Site leasing revenue $628.3M (+1.8%); site development revenue $29.6M (-49.2% YoY).","Quarterly dividend raised to $0.98/share (15% higher), payable June 19, record May 23.","Repurchased ~935k shares for ~$200M in Q1 and subsequent period.","Full-year 2024 guidance updated; CEO notes steady carrier investment despite high rates."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-122368","json":"https://secwatch.observer/filing/0001193125-24-122368.json","markdown":"https://secwatch.observer/filing/0001193125-24-122368.md","text":"https://secwatch.observer/filing/0001193125-24-122368.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1034054/000119312524122368/0001193125-24-122368-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1034054/000119312524122368/d739171d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:20:50.535431+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":"76665343c71c72c7b147cb8e6bc0cfcc80aea074","claim":"SBA COMMUNICATIONS CORP reported first quarter ended March 31, 2024 results: revenue Site leasing revenue $ 628.3, net income $154.5 million, EPS $1.42 per share.","evidence_excerpt":"comparisons to the prior year period. Q1 2024 Q1 2023 $ Change % Change % Change excluding FX (1) Consolidated ($ in millions, except per share amounts) Site leasing revenue $ 628.3 $ 617.3 $ 11.0 1.8 % 1.5 % Site development revenue 29.6 58.2 (28.6 ) (49.2 %) (49.2 %) Tower cash flow (1) 506.0 491.0 15.0 3.0 % 2.6 % Net income 154.5 100.6 53.9 53.6 % 146.2 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1034054/000119312524122368/0001193125-24-122368-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"Site leasing revenue $ 628.3"},{"label":"Net income","value":"$154.5 million"},{"label":"EPS","value":"$1.42 per share"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}