earnings
confidence high
sentiment positive
materiality 0.75
SBA Communications Q3 EPS $2.20, AFFO $3.30; dividend $1.11; Verizon lease signed
SBA COMMUNICATIONS CORP
2025-Q3 EPS reported
$6.34
revenue$2,095,556,000
- Q3 net income $240.4M ($2.20 diluted EPS); AFFO per share $3.30.
- Site leasing revenue $656.4M (+4.9% YoY); site development $75.9M (+81.2%).
- Adjusted EBITDA $493.3M, AFFO $354.9M; repurchased 958k shares for $194M.
- New long-term master-lease agreement with Verizon signed; sold Canadian towers post-quarter.
- Quarterly dividend $1.11/share payable Dec 11, record Nov 13; leverage target revised to 6.0-7.0x.