SBA Communications

SBAC

Market cap $21.4B

SBAC misses Q4 AFFO estimates on higher costs and interest, even as revenues rise. The company increases its dividend 12.6% amid active site acquisitions.

We initiated a position in cloud-based web services company Wix.com as shares fell on concerns surrounding Generative AI. We initiated a position in Alexandria Real Estate Equities, the largest owner of US life sciences real estate with a concentration in major biotech research clusters. Business process management company WNS Holdings was eliminated from the portfolio after an acquisition by Capgemini closed in an all-cash transaction.

SBA Communications Corporation (SBAC) Q4 2025 Earnings Call Transcript

The headline numbers for SBA Communications (SBAC) give insight into how the company performed in the quarter ended December 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.19 per share, missing the Zacks Consensus Estimate of $3.25 per share. This compares to FFO of $3.47 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 December 31, 2025. Highlights of the fourth quarter include: Net income of $370.4 million or $3.47 per share Industry-leading AFFO per share of $3.19 Repurchased 1.1 million shares throughout the quarter and subsequent to quarter end Industry leading dividend growth In addition, the Company announced today that its Board of Directors has declared.

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 Deutsche Bank 34th Annual Media, Internet and Telecom Conference, Tuesday, March 10, 2026 at 10:45 a.m. ET. The conference will be at The Breakers Hotel in Palm Beach, Florida. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications C.

SBAC to report Q4 results with expected revenue growth, but AFFO per share is seen slipping amid debt and churn pressures.

Besides Wall Street's top-and-bottom-line estimates for SBA Communications (SBAC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2025.

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 Citi's 2026 Global Property CEO Conference on Tuesday, March 3, 2026 at 8:50 a.m. ET. The conference will be at The Diplomat Resort & Spa in Hollywood, Florida. The audio presentation for SBA can be accessed by visiting www.sbasite.com. About SBA Communications Corporation SBA Communications Corporation is a.