{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-330639","form_type":"8-K","ticker":"SBAC","cik":"0001034054","company_name":"SBA COMMUNICATIONS CORP","filed_at":"2026-08-03T20:23:13+00:00","discovered_at":"2026-08-03T20:24:00.452030+00:00","generated_at":"2026-08-03T20:24:10.591382+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SBA Communications Q2 net income $198.8M ($1.87 EPS); AFFO per share $3.05; declares $1.25 dividend","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-330639","json":"https://secwatch.observer/filing/0001193125-26-330639.json","markdown":"https://secwatch.observer/filing/0001193125-26-330639.md","text":"https://secwatch.observer/filing/0001193125-26-330639.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1034054/000119312526330639/0001193125-26-330639-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1034054/000119312526330639/d154311d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-03T20:24:10.591382+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}