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SBA Communications

SBAC · Real Estate

Last earnings Aug 3, 2026  ·  Next earnings Nov 2, 2026

Key results

Net incomequarter

$30.4 million

(3) Net income includes a $30.4 million gain and $66.2 million loss, net of taxes, on the currency-related remeasurement of intercompany loans with foreign subsidiaries which are denominated in a currency other than the subsidiaries functional currencies for the second quarter of 2025 and 2024, respectively.

SEC original ↗SBA Communications — Earnings release (8-K exhibit)EX-99Aug 4, 2025

AI analysis

Q2 2025 · reported Aug 4, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Net income · Q2 2025
$30.4M
EX-99 · Aug 4, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Net income$30.4 million——

EX-99 · Aug 4, 2025

Guidance · company-stated

Direction: Raised

Company outlook — Raised

“As a result of our strong leasing results, steady leasing and services backlogs, early Millicom closing, and favorable foreign currency movements, we have meaningfully increased our full year outlook across all key financial metrics.”

Classified from the release's primary full-year outlook statement.

Next earningsNov 2, 2026Verified from the company’s own announcement

Capital allocation

Dividend$1.11

htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE SBA Communications Corporation Reports Second Quarter 2025 Results; Updates Full Year 2025 Outlook; and Declares Quarterly Cash Dividend Boca Raton, Florida, August 4, 2025 (BUSINESS NEWSWIRE) SBA Communications Corporation (Nasdaq: SBAC) ( SBA or the Company ) today reported results for the quarter ended June 30, 2025.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Today we announce another very positive quarter of financial and operating results, commented Brendan Cavanagh, President and Chief Executive Officer

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Company outlook — Raised (“increased”)
“As a result of our strong leasing results, steady leasing and services backlogs, early Millicom closing, and favorable foreign currency movements, we have meaningfully increased our full year outlook across all key financial metrics.”

Classified from the release's primary full-year outlook statement.

Capital allocation

htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE SBA Communications Corporation Reports Second Quarter 2025 Results; Updates Full Year 2025 Outlook; and Declares Quarterly Cash Dividend Boca Raton, Florida, August 4, 2025 (BUSINESS NEWSWIRE) SBA Communications Corporation (Nasdaq: SBAC) ( SBA or the Company ) today reported results for the quarter ended June 30, 2025.

SEC original ↗SBA Communications — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Highlights of the second quarter include: Net income of $225.7 million or $2.09 per share Industry-leading AFFO per share of $3.17 Closed on 4,323 sites from our previously announced deal with Millicom Repurchased 799 thousand shares throughout the quarter and subsequent to quarter end In addition, the Company announced today that its Board of Directors has declared a quarterly cash dividend of $1.11 per share of the Company s Class A Common Stock.

SEC original ↗SBA Communications — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Our balance sheet remains strong with a quarter ending net debt to Adjusted EBITDA leverage ratio of 6.5x, and 6.3x adjusted on a pro forma basis for a full quarter of Adjusted EBITDA from the acquired Millicom assets, and only $80 million outstanding on our revolving credit facility.

SEC original ↗SBA Communications — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Total cash capital expenditures for the second quarter of 2025 were $645.1 million, consisting of $13.8 million of non-discretionary cash capital expenditures (tower maintenance and general corporate) and $631.3 million of discretionary cash capital expenditures (new tower builds, tower augmentations, acquisitions, and purchasing land and easements).

SEC original ↗SBA Communications — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Financing Activities and Liquidity SBA ended the second quarter of 2025 with $12.6 billion of total debt, $9.6 billion of total secured debt, $0.3 billion of cash and cash equivalents, short-term restricted cash, and short-term investments, and $12.3 billion of Net Debt.

SEC original ↗SBA Communications — Earnings release (8-K exhibit)EX-99Aug 4, 2025

SBA s Net Debt and Net Secured Debt to Annualized Adjusted EBITDA Leverage Ratios were 6.5x and 4.9x, respectively.

SEC original ↗SBA Communications — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Strategy & priorities

com Information Concerning Forward-Looking Statements This press release and the Company s earnings call include forward-looking statements, including statements regarding the Company s expectations or beliefs regarding (i) the execution of its growth strategies and the impacts to its financial performance, (ii) continued growth in the U.

SEC original ↗SBA Communications — Earnings release (8-K exhibit)EX-99Aug 4, 2025

The Company s business segments are strategic business units that offer different services.

SEC original ↗SBA Communications — 10-Q Quarterly report10-QAug 6, 2026

Risks & headwinds

Given the uncertainty of the closing date, the Company has made no adjustment to its full year 2025 Outlook related to this transaction.

SEC original ↗SBA Communications — Earnings release (8-K exhibit)EX-99Aug 4, 2025

The Company wishes to caution readers that these forward-looking statements may be affected by the risks and uncertainties in the Company s business as well as other important factors may have affected and could in the future affect the Company s actual results and could cause the Company s actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company.

SEC original ↗SBA Communications — Earnings release (8-K exhibit)EX-99Aug 4, 2025

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

KE Holdings (BEKE) Real EstateInvitation Homes (INVH) Real EstateEquinix (EQIX) Real EstateAlexandria Real Estate Equities (ARE) Real EstateIron Mountain (IRM) Real EstateVici Properties (VICI) Real EstateMid-America Apartment Communities (MAA) Real EstateVivmark Residential (VMRK) Real Estate
Documents

Filings

30 documents

Earnings releases

9 documents

Presentations

0 documents

No presentations for SBA Communications are held in this edition of the library.

Transcripts

0 documents

No transcripts for SBA Communications are held in this edition of the library.

Mentioned by

3 companies

Other tracked companies whose held documents mention SBA Communications by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.