{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-033399","form_type":"8-K","ticker":"SBAC","cik":"0001034054","company_name":"SBA COMMUNICATIONS CORP","filed_at":"2025-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.750613+00:00","generated_at":"2026-05-26T05:21:32.813379+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"medium","headline":"SBA Communications Q4 net income $178.8M, EPS $1.61; dividend up 13% to $1.11/quarter","bullets":["Net income $178.8M ($1.61 diluted EPS) vs $109.5M ($1.01) in Q4 2023; AFFO per share $3.47.","Site leasing revenue $646.3M (+1.6% reported, +4.6% ex-FX); site development revenue $47.4M (+21.5%).","Quarterly dividend increased ~13% to $1.11/share, payable March 27, 2025; annual dividend ~35% of AFFO guidance.","Net Debt to Annualized Adjusted EBITDA leverage at 6.1x, lowest in company history; no 2025 debt maturities.","Exited Philippines post-year-end; entered agreement to exit Colombia to focus on key markets."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-033399","json":"https://secwatch.observer/filing/0001193125-25-033399.json","markdown":"https://secwatch.observer/filing/0001193125-25-033399.md","text":"https://secwatch.observer/filing/0001193125-25-033399.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1034054/000119312525033399/0001193125-25-033399-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1034054/000119312525033399/d830235d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T05:21:32.813379+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}