SBAC Stock Recent News

While the top- and bottom-line numbers for SBA Communications (SBAC) give a sense of how the business performed in the quarter ended December 2023, 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 $3.37 per share, beating the Zacks Consensus Estimate of $3.32 per share. This compares to FFO of $3.11 per share a year ago.

Wireless tower operator SBA Communications on Monday forecast full-year 2024 revenue below Wall Street estimates, on the likelihood of sluggish wireless carrier activity after an initial surge in 5G deployments.

SBA Communications' (SBAC) Q4 earnings are likely to have benefited from the robust demand for its wireless communication assets by carriers, though high interest expenses and elevated churn might have hurt it.

SBA Communications (SBAC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

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 2023.

Tower REITs have offered a strong growth story and diversification from traditional REITs. SBAC's recent earnings showed solid results, with a beat on funds from operations and revenues. We tell you why we still see downside risks and how we would handle the earlier trade, which significantly outperformed a direct long.

SBA Communications is a cell tower REIT with a market cap of $26 billion. The company has both domestic and international towers, with domestic towers representing a larger portion of the total value. SBAC has demonstrated strong organic growth in tower leasing and has delivered excellent growth in FFO and AFFO per share.

SBA Communications (SBAC) is likely to benefit from the rising global demand for wireless connectivity and its asset buyouts. Yet, notable customer concentration and high interest rates are key woes.

SBA Communications' (SBAC) Q3 results reflect year-over-year site-leasing revenue growth on healthy leasing activity amid elevated tower space demand. The company has also raised its 2023 outlook.