SBA Communications Q4 net income $370M, EPS $3.47; dividend raised 13% to $1.25

SBA COMMUNICATIONS CORP

2025-FY EPS reported $9.80 revenue$2,815,139,000

Q4 net income $370.4M ($3.47 diluted EPS); AFFO per share $3.19, down 8% YoY.
Site leasing revenue $666.2M (+3.1% YoY); site development revenue $53.4M (+12.7%).
Dividend increased 13% to $1.25/share quarterly; payable March 27 to holders of record March 13.
Repurchased 916k shares at avg $191.00 ($175M); closed majority of Millicom sites in Central America.
FY2026 guidance excludes all contracted EchoStar revenue due to dispute; expects steady contributions.

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