---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-245518"
form_type: "8-K"
ticker: "SBAC"
cik: "0001034054"
company_name: "SBA COMMUNICATIONS CORP"
filed_at: "2024-10-28T23:59:59+00:00"
generated_at: "2026-05-30T09:34:51.836246+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# SBA Q3 net income $255.9M, AFFO $3.32; acquires 7,000+ Millicom sites for ~$975M

## Summary
- Q3 net income $255.9M, diluted EPS $2.40; AFFO per share $3.32.
- Agreed to purchase over 7,000 communication sites in Central America from Millicom for ~$975M cash; expected close in 2025.
- Acquired sites expected to generate ~$129M revenue and $89M tower cash flow in first full year.
- Full year 2024 outlook increased across all key metrics; quarterly dividend $0.98/share declared.
- Issued $2.07B Tower Securities at blended 4.778%, repriced $2.3B Term Loan B 25bps lower.

## SEC filing metadata
- accession: 0001193125-24-245518
- form_type: 8-K
- ticker: SBAC
- cik: 0001034054
- company_name: SBA COMMUNICATIONS CORP
- filed_at: 2024-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1034054/000119312524245518/0001193125-24-245518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1034054/000119312524245518/d895243d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-245518
- JSON: https://secwatch.observer/filing/0001193125-24-245518.json
- Plain text: https://secwatch.observer/filing/0001193125-24-245518.txt

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