SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By Building Better Wireless, SBA generates revenue from two primary businesses site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.
Earnings season presents opportunities to buy quality stocks at discounted prices due to exaggerated market reactions. Prologis and Crown Castle have fallen in price, creating attractive entry points for long-term investors. Both companies have strong fundamentals and above-average dividend yields, making them appealing buys at their current valuations.
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, President and Chief Executive Officer is scheduled to speak at the JP Morgan 52nd Annual Global Technology, Media and Communications Conference, Monday, May 20, 2024 at 10:00am ET. The conference will be at The Westin Boston Seaport District in Boston, Massachusetts. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporat.
Q1-2024 results showed marginal revenue growth and SBAC downgraded the AFFO estimates for 2024. The growth story is done, at least for 2024 and 2025. We analyze the numbers and tell you where the lower-risk buy point lies.
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at the MoffettNathanson 2024 Media and Communications Conference on Tuesday, May 14, 2024 at 2:00pm ET. The conference will be at the Hilton Midtown in New York. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Corporation is a leading independent o.
SBA Communications Corporation. (NASDAQ:SBAC ) Q1 2024 Earnings Conference Call April 29, 2024 5:00 PM ET Company Participants Mark DeRussy - VP of Finance Marc Montagner - CFO Brendan Cavanagh - President & CEO Conference Call Participants Michael Rollins - Citigroup Jonathan Atkin - RBC Capital Markets Michael Elias - TD Cowen Simon Flannery - Morgan Stanley Ric Prentiss - Raymond James.
While the top- and bottom-line numbers for SBA Communications (SBAC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.29 per share, missing the Zacks Consensus Estimate of $3.30 per share. This compares to FFO of $3.13 per share a year ago.
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended March 31, 2024. Highlights of the first quarter include: Net income of $154.5 million or $1.42 per share AFFO per share of $3.29, representing a 5.1% growth over the prior year period Issued a new senior secured Term Loan B and increased and extended the maturity of the senior secured revolving credit facility Repurchased 0.9 million shares cumul.
Get a deeper insight into the potential performance of SBA Communications (SBAC) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
SBA Communications' (SBAC) Q1 earnings are likely to have benefited from the robust demand for its wireless communication assets by carriers, though high interest expenses may have hurt it.