SBA Communications Q2 net income $198.8M ($1.87 EPS); AFFO per share $3.05; declares $1.25 dividend

SBA COMMUNICATIONS CORP

Site leasing revenue $663.9M, up 5.1% YoY; site development revenue $51.4M, down 23.5% YoY.
Adjusted EBITDA $483.8M, up 1.8% YoY; AFFO $324.4M, down 5.2% YoY.
Issued inaugural $3.5B investment grade senior notes; new $2.5B unsecured revolver; S&P upgrade to BBB.
Quarterly dividend of $1.25 per share declared, payable Sept 17, 2026 to holders of record Aug 20.
Full-year 2026 guidance updated; net debt to Adjusted EBITDA at 6.4x, within target range of 6.0x-7.0x.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.