{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-191545","form_type":"8-K","ticker":"SBAC","cik":"0001034054","company_name":"SBA COMMUNICATIONS CORP","filed_at":"2026-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:31.835566+00:00","generated_at":"2026-05-15T01:32:02.717218+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SBA Q1 AFFO $3.03/share; raises full-year outlook; declares $1.25 dividend","bullets":["Net income $184.8M ($1.74 diluted EPS); AFFO per share $3.03, down 4.7% YoY.","Site leasing revenue $656.1M (+6.5% YoY); Tower Cash Flow margin ~80%.","Full year 2026 outlook increased across all key metrics; net debt/EBITDA 6.6x.","Declared quarterly cash dividend $1.25/share, payable June 17, 2026 to holders of record May 22.","CEO cites steady carrier activity, increasing domestic backlogs, build-to-suit with Millicom."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-191545","json":"https://secwatch.observer/filing/0001193125-26-191545.json","markdown":"https://secwatch.observer/filing/0001193125-26-191545.md","text":"https://secwatch.observer/filing/0001193125-26-191545.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1034054/000119312526191545/0001193125-26-191545-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1034054/000119312526191545/d49075d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T01:32:02.717218+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":[{"claim_id":"34becf419b28386a35dc353d473f9ff8df8450b1","claim":"SBA COMMUNICATIONS CORP reported the first quarter ended March 31, 2026 results: revenue $656.1 million, net income $184.9 million, EPS $1.74. Guidance raised.","evidence_excerpt":"SBA Communications Corporation issued a press release announcing its financial and operational results for the first quarter ended March 31, 2026","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1034054/000119312526191545/0001193125-26-191545-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2026"},{"label":"Revenue","value":"$656.1 million"},{"label":"Net income","value":"$184.9 million"},{"label":"EPS","value":"$1.74"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}