SBA Communications Corporation Reports Fourth Quarter 2023 Results; Provides Full Year 2024 Outlook; and Declares Quarterly Cash Dividend [Yahoo! Finance]
SBA Communications Corporation - Class A (SBAC)
Last sba communications corporation - class a earnings: 2/20 04:01 pm
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US:NASDAQ Investor Relations:
ir.sbasite.com
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Source: Yahoo! Finance
Highlights of the fourth quarter include: Net income of $109.5 million or $1.01 per share AFFO per share of $3.37, representing an 8.0% 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 subsequent to quarter end In addition, the Company announced today that its Board of Directors has declared a quarterly cash dividend of $0.98 per share of the Company's Class A Common Stock, an increase of approximately 15% over the dividend paid in the fourth quarter. The distribution is payable March 28, 2024 to the shareholders of record at the close of business on March 14, 2024. "We had a strong finish to 2023, exceeding our outlook for Site Leasing Revenue, Tower Cash Flow, Adjusted EBITDA and AFFO," commented Brendan Cavanagh, President and Chief Executive Officer. "While domestic carrier activity was at a low level by historical standards during 2023, a significant percent
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News
- SBA Communications: Value Investors Having The Last Laugh [Seeking Alpha]Seeking Alpha
- SBA Communications Corporation (NASDAQ:SBAC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- SBA Communications' (SBAC) Q1 AFFO & Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- SBA Communications Corporation to Speak at the MoffettNathanson 2024 Media and Communications ConferenceBusiness Wire
- SBA Communications Co. (NASDAQ: SBAC) had its price target lowered by analysts at Citigroup Inc. from $290.00 to $260.00. They now have a "buy" rating on the stock.MarketBeat
SBAC
Earnings
- 4/29/24 - Miss
SBAC
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- SBAC's page on the SEC website