---
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"
generated_at: "2026-08-03T20:24:10.591382+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- 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/1034054/000119312526330639/0001193125-26-330639-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1034054/000119312526330639/d154311d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-330639
- JSON: https://secwatch.observer/filing/0001193125-26-330639.json
- Plain text: https://secwatch.observer/filing/0001193125-26-330639.txt

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