SBA Communications (SBAC) Reports Q1 FFO of $1.41/Share

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SBA Communications Corporation Reports 1st Quarter 2015 Results; Provides 2nd Quarter and Updated Full Year 2015 Outlook

April 23, 2015 4:01 PM EDT

BOCA RATON, Fla., April 23, 2015 (GLOBE NEWSWIRE) -- SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended March 31, 2015. Highlights of the results include:

First quarter over year earlier period:

Site leasing revenue growth of 20% Tower Cash Flow growth of 20% Net loss increased from $1.4 million in income to a $79.0 million loss Adjusted EBITDA growth of 20% AFFO Per Share growth of 20%

"We got off... More