secwatch.observer — SEC 8-K summary
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Issuer:     SBA COMMUNICATIONS CORP (SBAC)
CIK:        0001034054
Form:       8-K
Filed at:   2025-11-03T23:59:59+00:00
Accession:  0001193125-25-262644
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SBA Communications Q3 EPS $2.20, AFFO $3.30; dividend $1.11; Verizon lease signed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1034054/000119312525262644/0001193125-25-262644-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1034054/000119312525262644/d94208d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-262644

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