---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-076767"
form_type: "8-K"
ticker: "SBAC"
cik: "0001034054"
company_name: "SBA COMMUNICATIONS CORP"
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:22:41.805383+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-076767
- form_type: 8-K
- ticker: SBAC
- cik: 0001034054
- company_name: SBA COMMUNICATIONS CORP
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1034054/000119312526076767/0001193125-26-076767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1034054/000119312526076767/d106126d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-076767
- JSON: https://secwatch.observer/filing/0001193125-26-076767.json
- Plain text: https://secwatch.observer/filing/0001193125-26-076767.txt

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