SBA Communications (SBAC) Tops Q3 FFO by 1c
SBA Communications (NASDAQ: SBAC) reported Q3 FFO of $1.75, $0.01 better than the analyst estimate of $1.74. Revenue for the quarter came in at $433.9 million versus the consensus estimate of $431.55 million.
The Company’s Outlook assumes an average foreign currency exchange rate of 3.25 Brazilian Reais to 1.0 U.S. Dollar and 1.28 Canadian Dollars to 1.0 U.S. Dollar for the fourth quarter of 2017.
| (in millions, except per share amounts) | Full Year 2017 | ||||
| Site leasing revenue (1) | $ | 1,613.0 | to | $ | 1,623.0 |
| Site development revenue | $ | 95.0 | to | $ | 105.0 |
| Total revenues | $ | 1,708.0 | to | $ | 1,728.0 |
| Tower Cash Flow (2) | $ | 1,271.0 | to | $ | 1,281.0 |
| Adjusted EBITDA (2) | $ | 1,195.0 | to | $ | 1,205.0 |
| Net cash interest expense (3) | $ | 310.0 | to | $ | 315.0 |
| Non-discretionary cash capital expenditures (4) | $ | 32.5 | to | $ | 37.5 |
| AFFO (2) | $ | 825.5 | to | $ | 849.5 |
| AFFO per share (2) (5) | $ | 6.82 | to | $ | 7.01 |
| Discretionary cash capital expenditures (6) | $ | 395.0 | to | $ | 415.0 |
For earnings history and earnings-related data on SBA Communications (SBAC) click here.